How to Know if Your Product is Solving Problem

Jasz

VIP Contributor
There are two things you need to consider before you can determine whether or not your product solves a problem:

* What are the needs of your customers?

* How do they currently solve this problem?

To understand your customer's needs, ask them directly. You could also look at their buying history and see what products they buy most often. These two tips will help you understand the problem that's causing them to reach out to you in the first place.

Next, you should find out how people currently solve this problem. Do they have any strategies that work for them? If so, what are they? This will give you an idea of what kind of solutions are out there and whether yours truly stands out from the rest. By answering these questions, you'll be able to determine if your product is solving a real problem or not.
 

Holicent

VIP Contributor
It’s important to know if your product is solving a problem, because this will help you make sure that you’re building something people want. There are several ways you can go about doing this:

. Focus groups. These are the most common way of figuring out what problems people have and how they want to solve them. You can conduct focus groups in person or online, but whichever method you choose, it’s important to make sure that the people participating are an accurate representation of your target audience.

. Surveys. Surveys are another great way of getting useful information about what your target market wants from your product or service. They can be conducted in person or online; however, again, it’s important that those taking the survey are representative of your target audience if you want accurate results.

When you're building something new, or creating a product there are two questions that matter most: "What problem am I solving?" and "Who has this problem?" Once you know the answers to these questions, then everything else falls into place, you can figure out how much money people would be willing to pay for a solution like yours; whether or not anyone else has tried solving this problem before; and even how many people would actually use your product if it existed.
 

Ithedicious

Valued Contributor
Thank you for sharing . To also add to that , anyone that is interested to establish something must have to research first to understand what he or she is establishing . This is very important .

Generally you should not start something you do not know because you might likely make mistakes along the way . First of all the most important thing is to carry out research first and from there you would have a second idea of what will be needed depending on the location you have chosen to focus on .

Or possibly , if you do not have an idea of what to do , then the most important thing is to create the type of products that are needed on daily basis by people. The type of products people can't survive without . These are always likely to be on high demand and in this case you are likely to make profit .

Solving problem does not necessarily means that you must invent something to cure a certain illnness or perform a particular activities, you can also establish or create stuff that can entertain people in a very simple way . That is what people are doing.
 
Top