3 ms·
Start with the value proposition and price. Work backwards from there, allowing for: - advertising / customer acquisition cost - distribution (labels, boxes,
by rahimnathwani 7y ago
Start with the value proposition and price. Work backwards from there, allowing for:
- advertising / customer acquisition cost
- distribution (labels, boxes, shipping, returns)
- production
The questions I would ask myself if I were in your shoes:
- what price will people pay for this?
- what evidence do I have for that?
- what are the closest substitutes for my envisioned product? How are they doing? In what way will I be better or cheaper?
- what are non-core activities that I should ignore, at least at the beginning (e.g. developing software, interacting with potential competitors on social media)
- what is the minimum activity I can do, to get my first sale?
- DoreenMichele 7y agoThank you.