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What would you say is the biggest difference between a product and a business though? Is a business just a company with a lot of successful products? Following
by giulianob 14y ago
What would you say is the biggest difference between a product and a business though? Is a business just a company with a lot of successful products? Following your terminology, I'd say people create products and if they are successful turn into businesses. I totally get what you mean by features though and sometimes I wonder if tackling these tiny problems with full out services is a legitimate business strategy or just a fad.
- brudgers 14y agoBusinesses can pivot. Products can't. IIR, 37signals originally built websites (or something like that). They pivoted the company into SaaS around their internal project management solutions.
- orangethirty 14y agoThe product is what you sell. The business is the rest (marketing, sales, etc.). A product itself is not a business, because products don't sell themselves. No matter how good they are, someone needs to market them in any given way. Problem with hackers is that they falsely believe that building a great product is enough. Nope. Ever see the mountain of downright awful products out there? How do people buy such such garbage? Because those products are marketed well. If people sell garbage with good marketing imagine what a great product and great marketing can accomplish. One word: Apple. Billions of dollars due to great marketing and great products.
- giulianob 14y agoHow is Instagram a product and not a business in that aspect?
- orangethirty 14y agoInstagram the social network/app are the product. The business is all the social engineering being done to market it, the infrastructure to handle all those booty shots, the HR dept., etc.