{"id":199,"date":"2021-03-06T00:00:00","date_gmt":"2021-03-06T00:00:00","guid":{"rendered":"https:\/\/bak.me\/blog\/?p=199"},"modified":"2021-10-11T04:24:10","modified_gmt":"2021-10-11T04:24:10","slug":"startup-tip-product-market-fit","status":"publish","type":"post","link":"https:\/\/bak.me\/blog\/startup-tip-product-market-fit\/","title":{"rendered":"Startup Tips #2 &#8211; What Is Product-Market Fit"},"content":{"rendered":"\n<p class=\"subtitle has-medium-font-size\">Using customer development to maximize startup success.<\/p>\n\n\n\n<p>Finding product-market fit is the holy grail for any startup. And not finding it is why so many startups fail. Achieving this goal can only be accomplished by applying the customer development framework before you begin building your product or service.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"What Is Product-Market Fit - Using customer development to maximize startup success.\" width=\"950\" height=\"534\" src=\"https:\/\/www.youtube.com\/embed\/mPIGl7EIeHU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><figcaption>What is Product-Market Fit<\/figcaption><\/figure>\n\n\n\n<p>In order to find product-market fit, you must identify a significant customer pain.<\/p>\n\n\n\n<p>Product-market fit means you have found a viable solution to a real customer problem at an acceptable price point. And while this is very difficult to achieve, every single successful company from McDonald&#8217;s to Facebook has found it. By applying the customer development framework to your startup, you are more likely to achieve product-market fit before you run out of money and resources.<\/p>\n\n\n\n<p>Get my entire 57 lecture course and learn to take action, start doing customer development and build a business that lasts. Available on Udemy for only $29.99.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\" id=\"https:\/\/www.udemy.com\/course\/startup-customer-development-finding-product-market-fit\/?referralCode=799B301D2B1854B56CEA\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link has-luminous-vivid-orange-color has-text-color\">Get My Course on Udemy<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Using customer development to maximize startup success. Finding product-market fit is the holy grail for any startup. And not finding it is why so many startups fail. Achieving this goal can only be accomplished by applying the customer development framework before you begin building your product or service. In order to find product-market fit, you<a class=\"read-btn hvr-right more-link\" href=\"https:\/\/bak.me\/blog\/startup-tip-product-market-fit\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14],"tags":[4,8],"class_list":["post-199","post","type-post","status-publish","format-standard","hentry","category-tips","tag-customer-development","tag-startups"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":210,"url":"https:\/\/bak.me\/blog\/startup-tip-why-startups-fail\/","url_meta":{"origin":199,"position":0},"title":"Startup Tips #5 &#8211; Why Startups Fail","author":"Jeff Solomon","date":"July 13, 2021","format":false,"excerpt":"A case study of OUYA and the entrepreneurs' trap The truth is that most startups fail. But this statistic would be much lower if founders simply embarked on the simple, but not easy, process of Customer Development. Unfortunately, most entrepreneurs neglect to do this before launching their business \u2014 mostly\u2026","rel":"","context":"In &quot;Tips&quot;","block_context":{"text":"Tips","link":"https:\/\/bak.me\/blog\/category\/tips\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/HsR7Ws41NNI\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":222,"url":"https:\/\/bak.me\/blog\/dont-be-afraid-of-bad-news\/","url_meta":{"origin":199,"position":1},"title":"Don&#8217;t Be Afraid of Bad News &#8211; The Essential Ingredient for Product-Market Fit","author":"Jeff Solomon","date":"October 20, 2021","format":false,"excerpt":"If you're building a company you need to learn to embrace bad news. It's here that the real nuggets of customer development show up.","rel":"","context":"In &quot;Posts&quot;","block_context":{"text":"Posts","link":"https:\/\/bak.me\/blog\/category\/posts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bak.me\/blog\/wp-content\/uploads\/2021\/10\/dont_be_afraid_bad_news.jpg?fit=1200%2C657&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bak.me\/blog\/wp-content\/uploads\/2021\/10\/dont_be_afraid_bad_news.jpg?fit=1200%2C657&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bak.me\/blog\/wp-content\/uploads\/2021\/10\/dont_be_afraid_bad_news.jpg?fit=1200%2C657&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bak.me\/blog\/wp-content\/uploads\/2021\/10\/dont_be_afraid_bad_news.jpg?fit=1200%2C657&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bak.me\/blog\/wp-content\/uploads\/2021\/10\/dont_be_afraid_bad_news.jpg?fit=1200%2C657&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":188,"url":"https:\/\/bak.me\/blog\/startup-tip-customer-development\/","url_meta":{"origin":199,"position":2},"title":"Startup Tips #1 &#8211; Customer Development in a Nutshell","author":"Jeff Solomon","date":"January 20, 2021","format":false,"excerpt":"How to start a business that works & solves essential problems Customer Development is the single most important skill entrepreneurs need to be successful. Whether launching a startup for the first time. Or you've tried and failed before. Or you have an existing business is building out a new product\u2026","rel":"","context":"In &quot;Tips&quot;","block_context":{"text":"Tips","link":"https:\/\/bak.me\/blog\/category\/tips\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/I_YTZgX-FAQ\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":202,"url":"https:\/\/bak.me\/blog\/startup-tip-problem-hypothesis\/","url_meta":{"origin":199,"position":3},"title":"Startup Tips #3 &#8211; What is a Problem Hypothesis","author":"Jeff Solomon","date":"April 27, 2021","format":false,"excerpt":"The basic building block of starting a business. The most essential aspect of business building is solving a significant problem or need for a specific segment of customers. The most effective way to identify a problem worth solving is to start with a problem hypothesis. https:\/\/youtu.be\/75tJCzNXbb8 What is a Problem\u2026","rel":"","context":"In &quot;Tips&quot;","block_context":{"text":"Tips","link":"https:\/\/bak.me\/blog\/category\/tips\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/75tJCzNXbb8\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":134,"url":"https:\/\/bak.me\/blog\/startup-problems-found-in-the-why\/","url_meta":{"origin":199,"position":4},"title":"Startup Problems are Found in the &#8220;Why&#8221;","author":"Jeff Solomon","date":"February 15, 2021","format":false,"excerpt":"Identifying a significant customer problem is critical when starting a company. Learn how the \"why\" is they key to uncover meaningful problems.","rel":"","context":"In &quot;Posts&quot;","block_context":{"text":"Posts","link":"https:\/\/bak.me\/blog\/category\/posts\/"},"img":{"alt_text":"Problems Found in \"Why\"","src":"https:\/\/i0.wp.com\/bak.me\/blog\/wp-content\/uploads\/2021\/01\/understand_the_why.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bak.me\/blog\/wp-content\/uploads\/2021\/01\/understand_the_why.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bak.me\/blog\/wp-content\/uploads\/2021\/01\/understand_the_why.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bak.me\/blog\/wp-content\/uploads\/2021\/01\/understand_the_why.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bak.me\/blog\/wp-content\/uploads\/2021\/01\/understand_the_why.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":208,"url":"https:\/\/bak.me\/blog\/startup-tip-problems-in-why\/","url_meta":{"origin":199,"position":5},"title":"Startup Tips #4 &#8211; Problems are Found in the Why","author":"Jeff Solomon","date":"June 7, 2021","format":false,"excerpt":"How to extract real pain points from customers Interviewing potential customers is the only way to know if your business idea is going to work. It's an essential process to be done BEFORE you launch your product or service. https:\/\/youtu.be\/Zw5zmrnkzFU Problems are Found in the Why But how do you\u2026","rel":"","context":"In &quot;Tips&quot;","block_context":{"text":"Tips","link":"https:\/\/bak.me\/blog\/category\/tips\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/Zw5zmrnkzFU\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/bak.me\/blog\/wp-json\/wp\/v2\/posts\/199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bak.me\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bak.me\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bak.me\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bak.me\/blog\/wp-json\/wp\/v2\/comments?post=199"}],"version-history":[{"count":2,"href":"https:\/\/bak.me\/blog\/wp-json\/wp\/v2\/posts\/199\/revisions"}],"predecessor-version":[{"id":205,"href":"https:\/\/bak.me\/blog\/wp-json\/wp\/v2\/posts\/199\/revisions\/205"}],"wp:attachment":[{"href":"https:\/\/bak.me\/blog\/wp-json\/wp\/v2\/media?parent=199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bak.me\/blog\/wp-json\/wp\/v2\/categories?post=199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bak.me\/blog\/wp-json\/wp\/v2\/tags?post=199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}