Achieving product-market fit can be challenging due to several reasons. First, understanding customer needs and preferences can be difficult as they can be diverse and constantly changing. Second, creating a product that meets these needs better than any alternatives in the market is not an easy task. It requires continuous innovation, testing, and improvement. Third, even if a product meets customer needs, it may not necessarily create significant customer value. This could be due to pricing, branding, or other factors. Lastly, achieving product-market fit is not a one-time task. It requires continuous effort to maintain as market conditions and customer preferences evolve.
Why do so many products fail? It's not because they are built or marketed poorly, but because they d...
View summary