Andreessen Horowitz Marc Coined the

Andreessen horowitz. Marc coined the term in a blog post titled “the only thing that . Matters”.Marc defines a product-market fit as “being in a good market with a product that . Can satisfy that market.”in other words, when a company has successfully identified a target customer . And serves them with the right product, it is said to have achieved a product-market .

Fitachieving a Productmarket Fit Implies

Fit.Achieving a product-market fit implies that the demand for your product is much greater than . Its supply- something every startup company dreams of achieving.Marc further explains,“you can always feel productmarket . Fit when it’s happening. The customers are buying the product just as fast as you . Can make it — or usage is growing just as fast as you can add .

More Servers Money From Customers

More servers. Money from customers is piling bc data vietnam up in your company checking account.” home page . Ctanow that we are clear on the definition, let us see how startups can achieve . Product-market fit effectively. How to achieve product-market fit?As we discussed earlier, one of the leading . Reasons why startups die is because they waste time and effort on products the market .

Has No Need Forto Avoid

Has no need for.To avoid this outcome and achieve success, you must take care of . The following six elements:. Determine your target customerthe video keywords are not only suitable first step is to define your target . Customer – someone who will benefit from your productservice the most. Without a target customer . In mind, you cannot craft marketing strategies effectively.Start by collecting the demographic information of your .

Target Customer Such as:agesexcountrycity They

Target customer such as:agesexcountrycity they live inethnicityhousehold income, etc.By knowing who you want to target, . You can create buy lead marketing messages catered particularly for such an audience, and hence, increase your . Conversion rate.Read more: powerful sales tips every sales rep should know! . Identify customer . Pain pointsonce you have identified your target customer, the next step is to gather intelligence.Talk .