HOW MANY PRODUCTS DO I NEED TO START WITH?
Deciding on the number of products you need to start your business with is a necessary yet difficult question to answer especially for a start-up brand. Ever heard the saying “Variety is the Spice of Life”. Do you agree?
Okay before you answer, let me ask you another question.
“ Would you rather start your business with a single product or with multiple products and market all at once? ”
To answer this question, irrespective of the industry you are in, you need to consider all that goes into managing your business. Creating the product is just a piece of the puzzle, you have to think about the following;
⇒ Marketing
⇒ Funding
⇒ Target Audience
⇒ Operations
as well as every other aspect of the business.
In as much as you think you have all the resources to start with multiple products, market, and manage it well, then all good. If otherwise, I will advise you to start with a single product and create variations of it.
Okay so in this episode, I shared my opinion on these questions with instances from running my own business.
There really is no right or wrong answer, everything just depends on your capacity.
Click the video below to know my thoughts and the instances I discussed.
Share your thoughts in the comment section.
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Business Nugget By Martwayne
A podcast series of short entrepreneurship tips that will help kickstart or grow your business and help you on your entrepreneurship journey. Each episode is created to help you turn your passion to profit and into a viable business.
If you will like to dive deeper into how this works, Subscribe to our YouTube Channel, enable notification to never miss a video!!!
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