Many people have a misconception when making products, which is that it takes a lot of time. I always feel that it will take me a long time to make the product better.
But if you don’t have extensive business experience, doing so may not be a good thing.
I have a friend who works in software. He spent three to four years recruiting a team to do research and development, investing over 20 million yuan before and after, and it took three years to create a software.
Spending such a large cost, how much revenue did you guess this product sold after its launch?
Only a few hundred thousand!
After the product was truly launched, they realized that the features they had worked hard to create were not the ones that users truly needed. The reality is completely inconsistent with their original ideas, which is a great waste.
So, if you have a certain framework and a well-designed business model, quickly testing products to validate the market is the most important thing.
All products can be streamlined, so go ahead and test the market first, especially in the internet industry. Only by making the products simple can they have the opportunity to quickly run.
Always remember, what you think is not necessarily what the market thinks! Quickly enter the market with your product, allowing users to raise questions and suggestions about your product.
Whether users are willing to purchase your product or not is only known from the moment the product is launched, otherwise you will always be in your imagination, which is a very scary thing in entrepreneurship.
For any enterprise, the biggest cost is time cost, wasting a year of time and delaying all business opportunities.
So, don’t be prepared to do everything until everything is ready, remember this can help you save a lot of time/money costs.
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