In spite of what some people say it can be hard to create a product with some chance of success in your market. Do some work before you start creating it in order to get nearer to a successful launch of your product.
1 Check out other similar products in as much detail as you can. Some products, for example, will have upsell developments of the basic product. Buy those if you can. Make a list of what they’re missing relative to your possible product, and what you will include which they don’t. Also, check how successful products have been. What are the reasons for success or failure? Doing some research means you’re not acting blindly in your business.
2 Ideally, target your product at a specific target market. Find out what that market wants and needs, and is willing to pay for it. Your product can then satisfy their needs and wants. Ask your visitors and subscribers and customers, and set up surveys to analyze what they’re looking for, what preferences they have, even what they’re willing to pay.
3 Manage your time at the granular level when creating your product, such as how much will you get done each time period, and when will you finish? In addition, you might be aiming to a particular time of year when your product will be in more demand. Plan how you’ll manage to do that, including how much time you need per day, week, or month. People often give up on product creation because they have no realistic idea of how long it will take.