How to get your Product Go To Market right!
How to get your Product Go To Market swift & right! My top 10 tips from an impressive article by Alok Soni at YourStory Media:
- Developing a product to solve your real life problem is still the best epiphany.
- Spending more time on conceptual solutioning is better than quick launch & trying to sell – a bit counterintuitive to the Lean Startup philosophy.
- Team Practo – keep a ‘living business case’ journal outlining changing market, product, competition, & product evolution. Journaling business thoughts & why decisions are made – is key. Peter Drucker talked about this too!
- Founders who are technical tend to underestimate amount of work needed ‘downstream’.
- Communicate in simple language. Communicate your ideology – e.g. Practo’s ‘Life Mein’ campaign.
- Users & buyers are from Mars & Venus. They need different handling & communication.
- Pivots shoudn’t be desperate. Next steps after pivots should be well thought out.
- For those who have the luxury of a build-vs-buy decision, product-fit, culture & time to produce should be the deciders.
- The farther you go from the consumer, the worse it is for the product.
- Do an end-to-end ‘Go To Market’! My addition!
Original article here: https://yourstory.com/2017/10/product-evolution-cycle/