Archives Tag: Product
5 Reasons Why Your Business Is Not Profitable
April 19, 2022
Your business exists to turn in profit, and do so consistently. If it’s making less than it spends, it’s in danger of failing at some point. As an entrepreneur, you should be totally invested in making your venture profitable. That’s a goal that a lot of your strategizing and execution should be aimed at … Continue reading 5 Reasons Why Your Business Is Not Profitable
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7 Things You Should Do When People Don’t Buy Your Product
April 19, 2022
So, you’ve launched your product, and while you hoped for a flood of sales, the reality is a bit different. You’re not alone; many businesses face this challenge. But don’t worry! There are effective strategies you can implement when people don’t buy your product. Here are seven actionable steps to consider. Read more about … Continue reading 7 Things You Should Do When People Don’t Buy Your Product
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4 Steps to Identify Your Ideal Customer
April 19, 2022
Unless you sell staple food items, your product probably doesn’t appeal to everyone. There’s a specific target demographic for smartphones, men’s wear, deodorant, cars, and real estate—just to mention a few examples. As a business, you’d want to know your ideal customer, so you can reach them the right way and engage them more … Continue reading 4 Steps to Identify Your Ideal Customer
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How to Develop a Product or Service That Solves a Problem
April 19, 2022
Creating a product or service that solves a problem is the key to a successful business. When you offer a solution to a problem, people are more likely to buy from you. Here’s a simple guide to help you develop a product or service that meets a real need. Read more about Business Identify … Continue reading How to Develop a Product or Service That Solves a Problem
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Marketing Plan: What It Is and How to Create One
April 19, 2022
Marketing is more than just advertising your product or service; it’s about creating a strategy that helps you reach your target audience, engage them, and convert them into loyal customers. As an entrepreneur, having a structured marketing approach is crucial if you must succeed in the market. A well-crafted marketing plan can provide direction, … Continue reading Marketing Plan: What It Is and How to Create One
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How To Become a Product Manager
April 19, 2022
Product management is an interesting career path that sits at the intersection of business, technology, and user experience. A product manager plays a crucial role in shaping the vision, strategy, and development of products that meet the customer’s needs and drive business growth. Read more about How To If you’re passionate about innovation, problem-solving, … Continue reading How To Become a Product Manager
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7 Things Customers Want from Your Product
April 19, 2022
Your business exists to satisfy the needs of its customers. If you’re selling them products that meet their needs, you’ll have a reasonable chance of succeeding with your enterprise. But if you aren’t giving them what they want, they’ll get it elsewhere, and your business will lose their patronage. Read more about Business What … Continue reading 7 Things Customers Want from Your Product
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Mastering the Art of Upselling and Cross-Selling
April 19, 2022
Have you ever walked into a store thinking you’d just pick up one thing, but then you walked out with a bunch of stuff you didn’t even plan on buying? It happens to all of us! And you know what? It’s often because the salesperson at the store is good at something called upselling … Continue reading Mastering the Art of Upselling and Cross-Selling
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How To Develop a Minimum Viable Product (MVP)
April 19, 2022
So, you’ve got this big idea, right? But, you’re not sure if it’s gonna fly. Well, that’s where a Minimum Viable Product (MVP) comes in handy. It’s like building a tiny version of your big idea to see if people like it. A minimum viable product, often abbreviated as MVP, refers to a product … Continue reading How To Develop a Minimum Viable Product (MVP)
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Top 10 Skills You Need to Be a Great Product Manager
April 19, 2022
Hey there, future product manager! Are you ready to launch into the world of product management? Well, you’ve come to the right place. Being a product manager is like being the captain of a ship – you need to steer your product in the right direction and keep it sailing smoothly. But to do … Continue reading Top 10 Skills You Need to Be a Great Product Manager
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How To Take Product Photos with Your Phone for Social Media Sales
April 19, 2022
High-quality product photos are essential for grabbing attention and driving sales on social media. But expensive cameras and studio setups aren’t necessary. With your smartphone and a few clever tricks, you can capture stunning product images that convert browsers into buyers. In this article, I’ll share a comprehensive guide to taking captivating product photos for … Continue reading How To Take Product Photos with Your Phone for Social Media Sales
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Leveraging Social Media to Launch Your Product
April 19, 2022
Social media has become a powerful tool for businesses to connect with their target audience and create buzz around new products. Leveraging social media platforms effectively can significantly impact the success of your product launch. In this article, I’ll share a few ways you can leverage social media for launching your product. Ready? Let’s … Continue reading Leveraging Social Media to Launch Your Product
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These Signs Show that You Underprice Your Product
April 19, 2022
Pricing your product is a delicate balance. Set it too high, and you risk alienating potential customers. Set it too low, and you could be leaving money on the table while undervaluing your offering. Determining the optimal price point requires careful consideration of various factors, including production costs, market demand, competition, and perceived value. … Continue reading These Signs Show that You Underprice Your Product
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5 Smart Ways to Upsell Your Product in 2024
April 19, 2022
If you’re looking to get better results and growth for your business in 2024, you should consider stepping up your efforts at upselling. This strategy has enabled numerous businesses to boost their revenues and achieve higher profits. It’s something you may consider implementing consistently if you’re determined to improve your sales this year. Read … Continue reading 5 Smart Ways to Upsell Your Product in 2024
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5 Innovative Product Development Strategies for SMEs
April 19, 2022
In today’s dynamic business landscape, Small and Medium-sized Enterprises (SMEs) face unique challenges in product development. These challenges include limited resources, fierce competition, and the need to stay ahead of rapidly changing consumer demands. To thrive in such an environment, SMEs must adopt innovative product development strategies. In this article, we will explore five … Continue reading 5 Innovative Product Development Strategies for SMEs
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