Back

Inactive

AprameyaAIย โ€ขย 1y

Identify Your Startupโ€™s Target Demographic in Just 1 Day? Hereโ€™s the truth: expecting to nail down your ideal customers in just one day is a fantasy (might work for short term biz) but hurt your business in the long run (which is essential for startup) 1. Analyze Your Product Sure, you can list features in a day, but deeply understanding how your product solves real problems? That requires thorough market feedback, iterations, and testing. According to CBIn, 35% of startups fail because thereโ€™s no market need for their product. You donโ€™t figure that out overnight and if you do so it'll be kinda vague 2. Customer Segmentation Segmenting customers based on age, gender, interests, and location sounds greatโ€”if it were that simple. It took Spotify years of data-driven refinement to understand its audience. Trying to cram this into 24 hours might lead to a broad, shallow understanding that misses the mark, sometimes product targeted to teens are brought by aunties (iykyk) 3. Competitor Analysis You can find your competitors in a day, sure. But truly understanding their audience, marketing strategies, and weaknesses? Thatโ€™s an ongoing process. A McKinsey study found that competitive advantage comes from continuously learning from your market, not just a one-time look. (Eg: medial is doing it everyday) 4. Create Buyer Personas I agree with this point but Crafting buyer personas in a day is like writing a novel after reading a few blog posts. Real personas are built on interviews, real-world data, and behavior patternsโ€”not assumptions. Companies that use detailed personas see 56% better lead quality, but it takes more than a day to get there. (Even a week too) 5. Use Analytics Tools Analytics are helpful, but they wonโ€™t give you all the answers in a single day. You need time to gather data, spot trends, and understand whatโ€™s actually working in market and what NOT TO DO . For instance, HubSpot reports that companies using data-driven marketing strategies are six times more likely to be profitable year-over-year. Thatโ€™s not happening in 24 hours. Quick tips might sound good in theory, but in practice, the real work takes time, effort, and lots of testing.

1 Reply
Replies (1)

More like this

Recommendations from Medial

Pulakit Bararia

Founder Snippetz Lab...ย โ€ขย 7m

If you have to convince people your product is useful, itโ€™s probably not. Real value doesnโ€™t need a sales pitchโ€”it speaks for itself. If people arenโ€™t getting it, the problem isnโ€™t their understanding, itโ€™s your product. Fix that first.

Reply
1
6

Comet

#freelancerย โ€ขย 1y

What does "a day in the life of" looks like in your Data analyst job??

Reply
2
Image Description
Image Description

Siddharth K Nair

Thatmoonemojiguy ๐ŸŒย โ€ขย 6m

Understanding Product-Market Fit Product-market fit (PMF) happens when your product meets a strong market demand. Itโ€™s when customers not only buy but also love and recommend your product. Without PMF, even great marketing wonโ€™t lead to sustainable

See More
4 Replies
4
11
Image Description
Image Description

Pranjal

Helping brands scale...ย โ€ขย 9m

Imagine generating โ‚น20L per day, only to see your business collapse overnight. An Amazon seller faced this after rejecting a buyout offer. Allegedly, Amazon suppressed their product in search results and launched its own version using the seller's da

See More
5 Replies
12

Manik Gruver

ย โ€ขย 

Macwise Capitalย โ€ขย 1m

Your runway hits 30 days...Your product is amazing but revenue is $0... "But my industry takes time to adopt new solutions!" ๐Ÿคทโ€โ™‚๏ธ #70 Started: What's the REAL reason customers aren't paying you Day 1? BRUTAL WAKE-UP CALL: Every industry has compani

See More
Reply
3
Image Description
Image Description

rakhi choudhary

Hey I am on Medialย โ€ขย 1y

I have a ideas for save data for example lets say I am teacher so i am so busy in my day to day life I can't used my full in a day, I can't used my 1.5gb data in a day so i want to save data further used so is there any business idea on this.

4 Replies
1
2
Image Description

Aditya

I am > I was .ย โ€ขย 1m

Day 7 of my 30-day Business & Entrepreneurship series ๐Ÿš€ Every successful business, from your local coffee shop to a global tech giant, knows exactly who theyโ€™re building for. Itโ€™s never โ€œeveryoneโ€ โ€” itโ€™s the right someone. Todayโ€™s edition is a

See More
Reply
1
11
1
Image Description
Image Description

Maniraj N G

Marketing & Systems ...ย โ€ขย 9m

Innovation: It's Messier Than You Think. Ever feel like innovation is just about launching new products and technologies? Think again. Itโ€™s a process of testing, learning, and sometimes, killing ideas before they grow. ๐Ÿ” Real innovation starts wit

See More
4 Replies
4
Image Description
Image Description

AMBIT VITIN

Helping founders fix...ย โ€ขย 1m

The Smartest analytics hack: In a casual chat with a senior data analyst (a true beauty with brains), she dropped a brilliant insight that flipped the way I thought about product features. Most product teams in companies wait until a feature is liv

See More
4 Replies
13
22
Image Description
Image Description

Vikas Acharya

ย โ€ขย 

Medialย โ€ขย 1y

The Startup Playbook: Insights from Y Combinator Episode 2: How to Build Products Users Love? - Building products that users love starts with a deep understanding of your usersโ€™ needs. - Conduct user research early and consistently to ensure you

See More
5 Replies
3
5

Download the medial app to read full posts, comements and news.