Title: How To Determine The Viability Of Your Product Idea | FastSpring
Headings: How To Determine The Viability Of Your Product Idea
How To Determine The Viability Of Your Product Idea
Step #1: Determine Your Target Customer
Step #2: Understanding the Needs of Your Customers
Step #3: Define Your Value Proposition
Step #4: Offer Up a Core Set of Features For Your Minimum Viable Product (MVP)
Step #5: Build the MVP Prototype
Step #6: Get Your MVP In front of Customers
Reflections, Pivots, & Iterations

Content: At the end of each test, be sure to look at both the positive and negative feedback you receive and take notice of any patterns in the responses and behaviors of each user who interacted with your product or service. Reflections, Pivots, & Iterations
The overall process for achieving product-market fit is an ongoing process. You may find that your initial assumptions about your product, the market opportunity, or even your target customers may not hold true after each iteration of the Lean Product Process. As long as you stay persistent and receptive to the feedback of your market, you’re on the right track to developing a product with strong market opportunity. Once you’ve determined that your software or service has achieved adequate product-market fit, the next logical step is to figure out a viable go-to-market strategy and get your product in front of as many customers as possible. FastSpring’s ecommerce platform is designed to support a full spectrum of digital products and distribution models and has helped thousands of businesses monetize their product offerings. Click here to learn how partnering with an all-in-one ecommerce platform can help you take your business to the next level.