How to make projects that clients need
Posted: Wed Jan 29, 2025 6:35 am
Before creating a successful business, almost every entrepreneur will first close several failed projects that will not pay off the money and time invested. On the one hand, this is a good experience, and on the other, it is a way to learn, but from very expensive mistakes.
Such projects work until the money runs out. And the less money, the more acute the issue of attracting clients becomes, because a lot of work has already been done and a lot of resources have been invested. It would seem that the product can help people solve their problem, but for some reason they do not buy it or buy it, but rarely. Even pouring money into advertising and promotion does not help.
Your hands drop: it seems like you are doing everything you need to, but somehow uae whatsapp list not right. And it is not clear how to do it right. In this case, the Product Market Fit method will help.
What is Product Market Fit
Product Market Fit can be translated into Russian as the product's compliance with the market. In other words, this is the very goal that every entrepreneur or product manager wants to achieve . The concept was introduced by American businessman Marc Andreessen to denote the point when the product has already found its audience, which buys it and does so actively enough for the business to develop further.
Marc Andreessen advises to determine this moment by feeling: “You always feel when you have not achieved Product Market Fit. Customers do not understand the value of the product, word of mouth does not work, the number of users and customers grows slowly, reviews in the press are boring and insipid, the sales cycle is very long, most deals fall through.
And you always know when you’ve reached Product Market Fit: Customers are lining up for the product, revenue is growing, and you’re hiring sales and support people at top speed. Journalists are calling because they’ve heard about a hot new project and want to talk to you about it. You’re winning Entrepreneur of the Year awards from Harvard Business School. Investment bankers are waiting outside your door .”
To some extent, Product Market Fit is a criterion for the success of a business in a specific market, where the user understands its value and chooses from competitors' offers. It sounds like something magical, but it is a constant path of improvements and refinements that will allow you to stand out in the market and meet expectations. The presence of competitors in this case is a very important factor, because if the user has no alternatives, you cannot say that he is happy with your product. He simply has no other choice.
And if an entrepreneur sees that there are no competitors and the business is thriving, he relaxes. After all, there is no need to chase improvements and promote a product so that people buy it. But the audience may be dissatisfied with his offer and, when something better appears, will immediately go to competitors. To avoid this, it is necessary to monitor the presence of Product Market Fit.
Such projects work until the money runs out. And the less money, the more acute the issue of attracting clients becomes, because a lot of work has already been done and a lot of resources have been invested. It would seem that the product can help people solve their problem, but for some reason they do not buy it or buy it, but rarely. Even pouring money into advertising and promotion does not help.
Your hands drop: it seems like you are doing everything you need to, but somehow uae whatsapp list not right. And it is not clear how to do it right. In this case, the Product Market Fit method will help.
What is Product Market Fit
Product Market Fit can be translated into Russian as the product's compliance with the market. In other words, this is the very goal that every entrepreneur or product manager wants to achieve . The concept was introduced by American businessman Marc Andreessen to denote the point when the product has already found its audience, which buys it and does so actively enough for the business to develop further.
Marc Andreessen advises to determine this moment by feeling: “You always feel when you have not achieved Product Market Fit. Customers do not understand the value of the product, word of mouth does not work, the number of users and customers grows slowly, reviews in the press are boring and insipid, the sales cycle is very long, most deals fall through.
And you always know when you’ve reached Product Market Fit: Customers are lining up for the product, revenue is growing, and you’re hiring sales and support people at top speed. Journalists are calling because they’ve heard about a hot new project and want to talk to you about it. You’re winning Entrepreneur of the Year awards from Harvard Business School. Investment bankers are waiting outside your door .”
To some extent, Product Market Fit is a criterion for the success of a business in a specific market, where the user understands its value and chooses from competitors' offers. It sounds like something magical, but it is a constant path of improvements and refinements that will allow you to stand out in the market and meet expectations. The presence of competitors in this case is a very important factor, because if the user has no alternatives, you cannot say that he is happy with your product. He simply has no other choice.
And if an entrepreneur sees that there are no competitors and the business is thriving, he relaxes. After all, there is no need to chase improvements and promote a product so that people buy it. But the audience may be dissatisfied with his offer and, when something better appears, will immediately go to competitors. To avoid this, it is necessary to monitor the presence of Product Market Fit.