Startup Funding Espresso Before Product Development
Before Product Development Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. To ensure you are developing the right product for your target customer ask these questions first: What are you losing customers over? If customers choose another product because you don\u2019t have a specific feature then this is worth putting into the product. What are competitors doing that keeps you awake at night? If the competition is working on features that you don\u2019t have then this may be a candidate to include in your next product upgrade. Have customers been asking for it for sometime now? If you have customers that have asked for a feature but you haven\u2019t put it in, then this is something to prioritize. Do customers add this feature into your product by themselves? If you have customers who hack a feature into your product, then it\u2019s important to do this for them. Can you sell them on the proposed feature? If you have customers buying the product because they want to use that feature, then prioritize building it for them. The rule is sell it first, build it second. If you can\u2019t sell it in the first place, you don\u2019t need to build it in the second place. Consider these questions in prioritizing the features to build into your product. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _________________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .