13
Aug
2008
Posted by Robert as Business Ideas, Make Money Online
In an e-mail exchange, we were talking about the framework for the site and what kinds of components it should include. My friend is an entrepreneur, and he has his own company. So he has extensive experience in product creation.
The Myth Of The Perfect ProductÂ
During the e-mail exchange, he wrote the following statement that resonated strongly with me:
“One thing I’ve learned with my products is don’t try to create the ‘perfect’ product out of the box because (1) you have no idea whether anyone will use it and (2) you will spend a lot of time with potentially no return. I prefer to get something up there and see where the users take us.”
This advice can be applied to any process in which you’re creating a product. I’ve heard of people who spend hours, days, months, etc., trying to create the most perfect product that they think will make them money. That method, however, often fails.
But why?? How can so much work and so much effort on a product fail? Â
Let The Market Determine Your Product
The key to creating any product is understanding the market for that product. If there’s no market, there’s no product. I’ve written before on how to create a product.  Simply put, it begins with the market. You have to figure out what market you’re targeting and what that market needs. Only then do you create your product.
In our case (with this informational website), we have a good idea of what market we’re targeting, but he understands that even that is not guaranteed. Thus, while a significant amount of work should be put into the product itself (or, in our case, the website), that shouldn’t be the end-all-be-all. Just as much effort should be thrown into getting your product out into the market and evaluating how it performs.
It doesn’t matter if our website doesn’t look perfect or isn’t running without any glitches. The idea is to see how users will respond to it.  User response (and not our isolated brains) is our only true indication of the website’s potential. Â
By “testing” your product and seeing how the market responds to it, you will know instantly whether that product will succeed.  If it doesn’t perform well, it’s not necessarily a failure. You can identify the mistakes, weaknesses, etc., and go back to the drawing board and correct them.
This trial-and-error approach is the only fool-proof way of determining whether you have a product that actually sells. Don’t be afraid of throwing your product out there and seeing what happens.    Â
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3 Responses
MiningOilGasGuru
August 13th, 2008 at 10:33 am
1Hi, Just subscribed to your blog feed. This blog seems to have some interesting articles and great advice. I look forward to reading more!
BlogSavvy
August 13th, 2008 at 11:01 am
2Great post, i always think of the great Microsoft, and while their first product was world changing, it was far from perfect, actually think of how many different version they have come out with since, each creating a sense of “buzz” then going away as you become accustom to it, hoping the next one will be better.
Robert
August 15th, 2008 at 7:25 pm
3BlogSavvy, that’s a good point. Microsoft didn’t (and couldn’t) put out the perfect product. The idea is to get what you have out there and see if it sells. If it does, great. You can then come out with a new “version” later on. If it doesn’t sell, then you know exactly how to fix it.
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