Benefits of Product-Market Fit
The number of new products being produced in increasing at an alarming rate. However, the problem is that most of them do not make the cut in the specific markets. The best thing to do is to find ways in which your product will make the cut in the market. In this article, we will take you through what you need to know about product-market fit.
Product-market fit refers to developing products that satisfy a wide range of customers. One of the conditions of achieving product-market gap involves making the product bridge a gap in the market to accelerate demand. Another condition is that the product must be in the right market.
One of the benefit of adopting the product market fit strategy is that it manages losses. When businesses want to launch new products, they often encoder a lot of costs. For instance, one needs … Read the rest