Product market fit is a term that refers to the point when a company’s product is accepted by the market. This is often seen as the most important stage of a company’s life cycle.
There are many factors that contribute to product market fit and these can be divided into three categories: product, users, and business model. Product includes factors such as the quality of your product and how it matches with your target audience. Users include factors such as how much they like your product and how much they use it. Business model includes factors such as pricing, distribution channels, and scalability.
Upbiz Changed status to publish October 16, 2022