CRETATE A PRODUCT THAT PEOPLE ACTUALLY WANT TO BUY

currently, there are over 400 million businesses registered, and all of them are trying to sell something or create something. But if you try to name some companies, you can hardly come up with more than 20 like Apple, Google, Facebook, and others.

So what makes these companies different? How do they create products that people love? Some build strong emotional connections, some make people care deeply, and others create such a strong identity around their product that people become almost addicted to it.

In this blog, we are going to talk about that what are the ways and steps you can follow to create a product like this. how the product scale into a company and top to buttom idea to design , design to prototype , prototype to final product

3 steps of product development

define

• problem
• idea
• solution

the pain and gain

the value proposition

define the problem

1. for who {your target customers segment }
2. disappointed or dissatisfied with current solution
3. due to many unmet need s
4. (venture name ) offers a {]products category }
5. that provides ( key benefits of your solutions )

Define your custoemr base

1. find who is your customers
2. where they live where you can find
3. do not target everyone
4. A segment or minimal viable segmetn { that you specifically design , tarhet and talk baout tha typr pf people }

by doing that you find your customer contact with ask them what are the are the problem their have tith curretn solution what will they need to overcoemt the obsticals

Define the problem

to define the the problem we folloe the concept of 4U

unworkable

Is this problem so hard that people think it is impossible? Take SpaceX as an example. Their vision is to send millions of people to Mars. Most people are even afraid to talk about it because it sounds unrealistic. But they have created an entire private space industry around this vision.

The same goes for achieving AGI. For years, people have been talking about it, and it still feels far away. Yet now, companies and investors are pouring trillions into trying to achieve it.

But we are not only talking about billion-dollar industries or the top 0.1% of companies. We are talking about where we can actually start. The reality is, if people can get a solution easily, your customers won’t wait for you. They will always look for something faster, better, and cheaper.

Unavoidable

tThe best problems to solve are the ones where people are truly suffering — where the pain is deep and they simply cannot ignore it. In these situations, your product or service is not a luxury, it becomes a necessity.
Think about something like a cure for cancer. If someone finds a real solution, people will rush to it. You won’t need to convince customers or spend heavily on marketing. Demand will come automatically because the problem is both unavoidable and extremely painful.they problem you try to solve people are suffring or deep pain they just can not avoid your prodcjt sor seriovce it, if any found cure forn the cancer that you can on board thousands people to but your satff becuase unworble and is unavoidalbe

problem that are unavoidable such as

• education
• getting sick
• findign sure
• global financial crisis
• cyber security crisis
• natural disaster
• wars

URGENT

making a product that urgent which is must need anyway at any cost tapping that market you di not need some kind of other worldly strategy for marketing or finance or some kind other things during the covid you had shortage of musk where people needed that so badly they wanted in anyway like you people ware dying for that I was that urgent you had that people wanted that anyway so what you are doing it can be figured ut out that is this problem urgent for this what people are missing from their live are people losing their lives for this problem is your product peace deal between if it is not urgent people are not taking it you can make it urgent through teaching them also such as the whole entire anti virus industry was built on a false idea if they do not get they loss their valuable data so people bought it but their was not such thing as virus

UNDERSERVE

The best opportunities aren’t where no one has gone they’re where no one has gone far enough.

Most people search for markets with zero competition. But the real opportunities hide in plain sight: industries full of players, yet full of frustrated customers.

Banking is a perfect example. It had existed for centuries before the internet. And yet, in the late 1990s, there was no simple way to send money online. Banks hadn’t solved it. Nobody had. That gap became PayPal.

“The best opportunities don’t come from markets with no players. They come from markets with players who stopped listening.”

An underserved market isn’t empty it’s broken. Look for: prices too high for most people, products too complex for non-experts, or solutions that work for one group but ignore everyone else. When customers are settling, there’s a business waiting to be built.

Don’t ask “where is there no competition?” Ask “where are people being let down?” That’s where the next PayPal is hiding

Is you product has DEBT ?

By this, i mean how much your product depends on external factors such as other companies, industries, or systems.

You should carefully evaluate:

• Dependencies : Is your product reliant on other companies, platforms, or suppliers?
• External factors : Consider market competition, regulations, economic conditions, technology trends, and changes in user behavior.

You also need to think about potential backlash after launching the product:

• How will customers and users react?
• Will investors or executives support it?
• Could it face criticism on social media?

Finally, timing is critical:

Is the technology mature enough to support it?

Is this the right time to introduce the product?

Does the market actually need or want it? know more

IS YOUR SOLUTION HAVE 3D ?

WHAT IS 3D ? When It comes to create a product or providing solution there wile be lot of obstacles when you try to create a solution

• is your solution disruptive ?
• is your product discontinues ?
• is your product defendable ?

IS YOUR PRODCUT DISRUPTIVE?

disruptive product is not just new or slightly better it completely changes the game. It changes how people behave, how they buy, and how they live.

We’ve seen this happen many times:

• PayPal changed how people send and receive money.
• Facebook changed how people communicate and connect.
• Amazon changed how people shop.
• Apple made phones and computers so simple that anyone can use them.

Today, almost everyone carries a powerful device in their pocket that can run AI and perform advanced tasks.

The lesson is simple:
Don’t just try to make a better product try to change how the game is played.

is your product discontinuses?

sing of discontinues product is that this product is not just better 10% this better 10x and this surprise th epoeple expectation the first iPhone was not just better at one thing if look back stev presentation he was talking about many things like putting song in cameras calls docs at same time place he was compared with aline technology and the people was true amazed by the out come now we are living whole new world because one change and that create trillion dollar industry create millions jobs life become easier thinking or developing about the product we have look at competitors if the product exist or if not ask the MVS that what is the thing make their life more and life it was never before

• deep mind realizing tensorfolw was the new iPhone
• open AI got was new iPhone
• blockchain is new ihjpone
• Tesla model s
• clude AI
• deep sick
• apple air pods

IS IT DEFENSIBLE ?

when you create such good thing and you have good markets people gonna jump in immediate at this what is one or more than one thing that make will you and your product defensible against the the competition, the biggest word is what is your MOATS ?

defensibility fro out set

• proprietary IP
• government license
• favorable location
• favorable long tern contract
• minimum efficient scale facility ( market can not support more )
• access to (property ) data ( e.g google , Facebook Bloomberg )

defensibility with scale

• network effect
• switching cost
• cost advantage due to scale -economics of scale
• brand loyalty

you need to have something to defend your product or service or the idea so that live in the market otherwise people crush you like little boy in the big boy game.

PRODUCT ECONOMIC ANALYSIS ?

Before lunching a new product we need to understand about the economic dynamic about the product karts deep dive into this in this section we gonna ask few question to have clarity about mission and visor around the product

• what will be total cost this product ?
• what will be the cost per pis ?
• how much profit this one will make ?
• is this price competitive around the competition like cheap or expensive?

after discuss about that we will talk about the break even point when this particular product will make money which most important question