Product development is a critical component of your Internet business. You will constantly develop new products through repurposing content and coming up with solutions to your customers’ problems. How you engage in product development can mean the difference between a high profit and a major loss.
So what are the components of product development?
There are 5 keys to product development:
Key #1: The product must solve a problem. People will give you their cash if you provide them with a solution to their problem. Examine your niche to find out what people want and the problems they deal with in this niche.
Key #2: The product must already be in high demand. You don’t have to create a unique product. You can create a similar product to products already on the market. Just make sure to demonstrate why your product is unique and is a better solution then the competition.
Key #3: You have to research your market. You have to have a built-in market so you know that people are out there that will buy your product when it is ready. If you don’t research your market then your product may gather dust on the shelf, while your bank account suffers.
Key #4: Your product must be simple for the end-user to use it. For example, some software programs are complicated. They could use step-by-step simple instructions.
Key #5: The most important key to success is to understand and provide the “holy crap” factor. These two words are what people should say when they see and use your product. This can create an overnight success in your business because you are wowing them with your exceptional product. Your product has to have shock value. You need to engage people in your website and admire it.
Follow these keys to product development and you set yourself up for victory.
Warmest regards,
Matt Bacak
P.S. If you haven’t signed up for my
Powerful Promoting Tips yet, then you
are really missing out, go here:
P.P.S. Do you want to be updated on the new things I’m doing
to market my companies? Then you need to grab a copy of my
`Internet Marketing Dirt’. It’s now better than ever before!
Go here and get a copy: www.internetmarketingdirt.com
Facebook
Twitter
Youtube
LinkedIn