How can a startup use the market segmentation strategy discussed in The Lean Product Playbook to grow?

A startup can use the market segmentation strategy discussed in The Lean Product Playbook to grow by identifying and targeting specific customer segments. The book suggests segmenting markets based on how quickly customers adapt to new technology. Startups can initially target tech enthusiasts who are passionate about innovation and seek to gain an edge over others. These early adopters may be more forgiving of usability issues and are often key to gaining initial traction. Once the product has been refined, the startup can then target more conservative users who demand ease of use, simplicity, reliability, and reasonable pricing.

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Markets can be segmented on how quickly customers adapt to new technology. Tech enthusiasts passionate about innovation, and those who seek to gain an edge over others may adopt cutting-edge products even though they may not have usability issues. However, it is difficult to convince more conservative users who demand ease of use, simplicity, reliability, and reasonable pricing.

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The Lean Product Playbook

Why do so many products fail? It's not because they are built or marketed poorly, but because they don’t delight customers. Read this book summary for...

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