Holicent
VIP Contributor
We’re all familiar with the product ideas that never make it to the market.
From the idea stage to execution, these products are often plagued by problems in the design and development process. They may fail because they don’t meet a customer need, or worse yet, they fail because they don’t solve a problem at all.
But there are also other reasons why products fail to launch: not enough time, not enough funding or resources, poor market conditions and more.
The good news is that there are many effective ways to help spot high-potential product ideas before your competition does. No matter how much you might love your products and services, you can't afford to take them for granted. You need to constantly look for ways to make them better.
One of the best ways is to ask customers questions about their experiences with your product or service. This is known as customer feedback, and it's one of the most effective ways to improve your product or service.
Here are five questions that can help you spot high-potential products before your competition:
What do you like about our product? The best way to improve a product is by listening to what customers have to say about it. If they're happy with it, then there's no reason why they shouldn't be happy with the next iteration of that product or service. By asking them what they like about the current version, you'll be able to identify any issues that need fixing before moving onto new features in future iterations. When was the last time you used our product? Before any changes are made, it's important that you know how often people use your products and services so that you can figure out what needs fixing first and how much time it will take before those changes are made.
From the idea stage to execution, these products are often plagued by problems in the design and development process. They may fail because they don’t meet a customer need, or worse yet, they fail because they don’t solve a problem at all.
But there are also other reasons why products fail to launch: not enough time, not enough funding or resources, poor market conditions and more.
The good news is that there are many effective ways to help spot high-potential product ideas before your competition does. No matter how much you might love your products and services, you can't afford to take them for granted. You need to constantly look for ways to make them better.
One of the best ways is to ask customers questions about their experiences with your product or service. This is known as customer feedback, and it's one of the most effective ways to improve your product or service.
Here are five questions that can help you spot high-potential products before your competition:
What do you like about our product? The best way to improve a product is by listening to what customers have to say about it. If they're happy with it, then there's no reason why they shouldn't be happy with the next iteration of that product or service. By asking them what they like about the current version, you'll be able to identify any issues that need fixing before moving onto new features in future iterations. When was the last time you used our product? Before any changes are made, it's important that you know how often people use your products and services so that you can figure out what needs fixing first and how much time it will take before those changes are made.
