Startup Funding Espresso Product Development Priorities
Product Development Priorities Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are many features to add to a product and never enough resources to do all of them. Consider these points in prioritizing your product development: Look for lost sales to find high-priority features to work on. Focus product development on customer requests. Look at how the customer is solving their problem now with your product for potential features that would be helpful. Test the customer\u2019s desire for a feature by charging for it and then see who actually pays for it. Investigate customer complaints about a missing feature before committing resources to it.\xa0 Not every new feature will turn into a big jump in revenue, but collectively they can give the startup a competitive edge. Avoid copying competitors and stay focused on your customer audience. Don\u2019t bet the entire startup on a single product launch. Instead, roll out the features serially and test the customer\u2019s response.\xa0 In product development start with small steps and build out the product incrementally. It\u2019s best to underpromise and overdeliver.\xa0 \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. _______________________________________________________ Thank you for joining your host Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. For more episodes from Investor Connect, please visit the site at: \xa0\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 .