Startup Funding Espresso -- Sell It First, Build It Second
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Most startups envision a product and then proceed to build out an MVP. After they polish it enough they may show it to a customer.\xa0\xa0 In some cases, they try and take it all the way to a finished product because they want to show completeness to a customer. A customer should be involved before you even start building a product.\xa0\xa0 Collect the customer\u2019s careabouts and challenges and verbally propose solutions. The customer should be involved every step of the way. When it comes to developing the solution, then it\u2019s best to ask for payment for the product before building it. Sell it first, build it second. If you can\u2019t sell it in the first place, then there\u2019s no need to build it in the second place. Those who are first to pay for your solution are called anchor clients. You will need to add custom features to it, so charge accordingly. Do this three times and you will have a product ready for the broader market. Build all versions on the same architecture, format, and platform so you get maximum reuse. 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 For Feedback please contact info@tencapital.group Music courtesy of .