Assuming that all efforts can bear fruit, the same is 100 times the profit, first find a 10 times growth market, and then pay 10 times the effort, or directly pay 100 times the effort, which is better?
Of course, the former, the harvest is the same, and it takes less time.
In fact, many principles are interlinked when phone number list making products and making investments. Several investment managers I know who do early-stage entrepreneurial projects have all been transferred from product managers.
During demand analysis, you research the industry, research competing products in the industry, dig out the differences between your own products and competing products in the market, and sort out the positioning. To a certain extent, you are examining the market.
In this diversified economy, have you ever thought about using your "job convenience" to see more potential industries?
On the one hand, you can find something to learn from other industries. On the other hand, it is beneficial to compare the entire market and products horizontally with one more angle and one more dimension.
How should we use product thinking to understand a new industry and measure it is worth our time to participate? I introduce a method that I commonly use, which I call "market digger"
The excavator is divided into three steps, take me to disassemble it carefully: