If there is more than one product/feature/idea, ask yourself if
they are all needed for launch?
When building your product, it's easy to get caught up in the
desire to include every feature and functionality you envisioned
from day one. STOP. Take a step back and focus on identifying
the core elements that will bring value to your users. What is
the foundation upon which everything else rests? Once you've
solidified this base offering, you can then LATER add features
and bells and whistles that will enhance the user experience.
Prioritize what truly matters, that which brings value to your
users.
Are you creating a prioritized list of things that need to be
done?
When planning your project or product, take the time to create a
prioritized task list. This helps you focus on what
matters most first and ensures you're spending your time/money
in the most effective way.
Start by identifying the
key objectives of your project.
Then break them down
into smaller, actionable tasks.
Use a ranking system
to determine which tasks are most critical and need to be done
first. By prioritizing your tasks in this way, you'll be able to
tackle the most important ones first and make steady progress
towards your objectives. This will help you stay focused, avoid
distractions, and ultimately achieve success.
No need
for fancy software, starting off with a simple notepad will do.
Have you done any market research to see if there could be any
demand for your product?
Understanding your target audience and market is crucial to
creating a successful product that resonates with them. Without
proper research, it's easy to create something that falls flat
or fails to meet user needs. Take a moment to delve into your
desired market or industry. Research your competitors, gather
insights from potential customers, and analyze the latest trends
and challenges. This will help you identify areas where your
product can add value and make informed decisions about what
features to prioritize. By doing your due diligence on market
research, you'll be able to create a product that meets real
user needs, rather than trying to fit into a crowded space.
You'll also avoid common pitfalls like feature creep (adding
things after the fact) or launching with an unsolved problem.
What does your product, idea, feature look like and how does it
work?
When designing your product or feature, take this opportunity to
get down to business. Sketch out how you envision it coming
together, whether it's a napkin doodle or through a
fully-fledged design tool. But don't just focus on aesthetics –
think about the user experience. Put yourself in their shoes:
what do they want to achieve when using your product for the
first time? How can you make their journey seamless and
intuitive? Avoid making assumptions; instead, design with the
assumption that 'natural' usability is key. Consider the user
flows: every click, tap, or action has a reaction. What happens
when things go right? When they don't? Are there any obstacles
to overcome? Are there clear calls-to-action? By answering these
questions and keeping your user at the forefront of your design
process, you'll create a product that delivers value, feels
natural, and engages users from the very start.
How many resources do you have available?
This could be money, time or other individuals. If you are
rolling this out on your own, you may be limited on time and
money and the use of off the shelf products comes into play
here. Example: using something like Shopify for your online
store instead of building a custom site, so that you can focus
on the actual product you are selling...custom roasted coffee
beans :)
Understand that the use of third party services comes with a price,
but it may help you get to market faster without investing to much
of your time and money for something that may or maynot work.
Are you overthinking the importance of the "cool thing"?
I can't stress this enough, don't waste time on things that
won't bring value to the end user.
How will I profit from this?
When it comes to monetizing your product, feature, idea, don't
just guess what will work, take the time to understand what your
options are. You have different models to make money like monthly or yearly subscrption based pricing, One Time
Purchases, Free with micro transactions, Free with micro
subscriptions, etc... the sky is the limit here; just make sure you build something worth
buying, or worth spending time on.
[Insert question here]
This is not a typo or me not finishing the questions section for
this portion. The reality is this: the questions could go on
forever and really only get to a stopping point when you feel
confident you can take on your vision by creating executable
steps. There are a ton of other questions, depending on your
industry, you can ask; e.g. funding, permits, security, etc...
