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West Bengal Tourism • 6m
Is Your Product a Market Fit? Let’s Find Out! Building a product is only half the battle; knowing if it truly resonates with your audience is what sets success apart. So, how do you know if your product has achieved market fit? 1. Feedback is Your North Star: If your customers are raving about your product and recommending it, you're on the right path. Positive reviews and word-of-mouth are strong indicators. 2. Retention Over Acquisition: Acquiring users is great, but are they staying? A high retention rate signals that your product is solving a real problem effectively. Case Study: Dropbox started with a simple MVP and a viral explainer video. The overwhelming response led them to focus on refining their product. Within months, they hit a million users because they listened to early adopters and adjusted their roadmap accordingly. 3. The 40% Rule: Sean Ellis suggests that if at least 40% of your users say they’d be “very disappointed” without your product, you’re on track!
Hey I am on Medial • 1y
Ycombinator Day 4: 🚀 Mastering Product Building, User Talks & Growth Strategies! Key Insights 🤩🤔🚀: • Don't build secretly, get users from the start • Learn the problem deeply, identify customer segments • Define minimum viable product (MVP) •
See MoreSerial Entrepreneur ... • 3m
Product-Market Fit: When Your Startup Stops Chasing and Starts Leading Customers pull, you don’t push – Demand grows organically when PMF is real. Your users become your sales force – Advocacy replaces advertising. Retention isn’t just staying, it
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The Clueless Company • 8m
Building great products isn't enough if the founder doesn't truly understand the market. I’m amazed by how many entrepreneurs obsess over product-market fit while neglecting founder-market fit. You're the driver of your business, not just the produ
See MoreUnfiltered and real ... • 27d
ChatGPT's product retention curves is a product manager's wet dream. Their 1 month retention has skyrocketed from <60% 2yrs ago to an unprecedented ~90%! Youtube was best-in-class with ~85%. 6mo retention is trending to ~80%. Rapidly rising smile c
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