A Quote by Kathryn Minshew
Get your product in front of actual, living, breathing strangers. Your college roommate's approval does not mean there's market demand.
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My definition of product-market fit is you are drowning in demand - your product is being used by so many customers that you cannot handle all the new people knocking at your door!
Creating demand is hard. Filling demand is easier. Don't create a product, then seek someone to sell it to. Find a market - define your customers - then find or develop a product for them.
You marry your friends when you stay with your friends. It's hard enough to find a good roommate, let alone a good person you can live with and fall in love with at the same time. You might as well just take your roommate, if you can find one, and marry them. I mean, if you can find somebody that doesn't drive you crazy, I would say marry that.
If you lived with a roommate as unstable as this economic system, you would’ve moved out or demanded that your roommate get professional help.
Never expect that your startup can cover every aspect of the market. The key is knowing what segment will respond to your unique offering. Who your product appeals to is just as important as the product itself.
What does "living your best life" mean to you? Does it mean accumulating wealth and fulfilling all your material wants? Or, does it mean turning away from the material world in order to fully realize the gift of spirit? We often tend to think of these objectives as being mutually exclusive: material fulfillment or spiritual fulfillment, not both together.
When your breathing is easy and deep, your body works efficiently, and your mind settles. That doesn't mean that your balance (in tree pose or anywhere else) will be perfect and your life will be seamless, but you'll be better equipped to deal with the wobbles and earthquakes that get thrown into the mix.
Bringing out your vulnerable side and shedding your privacy in front of complete strangers is so very difficult, but when you are into the performance, the relief and release is so extraordinary that you get addicted.
You have to figure out what conversion means in your case. What does retention mean? What does activation mean? For every business, it's going to be slightly different because of the nature of the product and the kinds of people who use it.
When I was doing 'Spring Awakening' the first couple of years I was living in New York, I was gay, and I was living with my 'roommate,' who was my boyfriend but was my roommate to everyone else.
Traditional sales and marketing involves increasing market shares, which means selling as much of your product as you can to as many customers as possible. One-to-one marketing involves driving for a share of customer, which means ensuring that each individual customer who buys your product buys more product, buys only your brand, and is happy using your product instead of another to solve his problem. The true, current value of any one customer is a function of the customer's future purchases, across all the product lines, brands, and services offered by you.
Don't seek approval. This may be the toughest suggestion for you to follow -- and the most important. Whether you'te a teenager seeking approval from your peers, a middle-aged parent seeking the approval of your kids, or a man or woman seeking the approval of a partner, it all amounts to the same thing. You're giving your personal power away every time you seek validation from someone else for who you are.
When you improve your product so it does the customer's job better, then you gain market share.
In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away.
What does it really mean to have something change in you very late in your life, after you've structured your life in a different way? What does it mean to be someone who has had a history of sometimes reckless living, and then to really want to change yourself?
If you create and market a product or service through a business that is in alignment with your personality, capitalizes on your history, incorporates your experiences, harnesses your talents, optimizes your strengths, complements your weaknesses, honors your life's purpose, and moves you towards the conquest of your own fears, there is ABSOLUTELY NO WAY that anyone in this or any other universe can offer the same value that you do!
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