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Dacey Rankins

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2025-08-18 13:30:56 -

How Can Your Product Be Improved or Differentiated?
In today’s competitive marketplace, no product exists in isolation. Customers often have dozens of alternatives, and their expectations evolve rapidly. For a product to remain relevant and competitive, it must continually be improved and differentiated from competitors. Improvement ensures the product keeps up with customer needs and technological progress, while differentiation creates...

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Dacey Rankins

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2025-09-04 12:07:54 -

How Do I Choose the Right Model for My Market or Business?
Pricing models play a central role in shaping how businesses capture value, compete in the marketplace, and communicate with customers. The right pricing approach can accelerate growth, while the wrong one can limit profitability or alienate customers. Entrepreneurs and established businesses alike often face the challenge of selecting a model that aligns with their product, market conditions,...

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Dacey Rankins

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2025-09-02 15:43:01 -

How Do I Determine the Right Price for My Product?
Pricing is one of the most important strategic decisions any business makes. Set your price too high, and you risk losing customers to competitors. Set it too low, and you might not cover your costs or may even undervalue your product. Determining the right price is a balancing act that requires careful consideration of costs, market demand, customer psychology, and competitive dynamics. This...

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Dacey Rankins

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2025-04-30 12:55:59 -

How Do I Get Customers and Deliver Value?
One of the biggest challenges entrepreneurs face isn't just building a product—it's attracting customers and delivering meaningful value that keeps them coming back. No matter how innovative your offering is, if customers aren’t discovering it, experiencing impact quickly, and feeling satisfied over time, growth will stall. To build a thriving business, founders must constantly ask...

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Dacey Rankins

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2025-08-15 20:34:49 -

How Do Product Managers Prioritize Features?
Feature prioritization is one of the most challenging tasks for product managers. With limited resources and competing demands, PMs must decide what to build next. The process begins with gathering inputs from customers, sales teams, engineers, and executives. Each group has different perspectives, from customer needs to technical feasibility. PMs then use frameworks to evaluate options....

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Dacey Rankins

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2025-08-21 16:33:32 -

How Do You Create or Develop a Product Strategy?
A well-crafted product strategy is the cornerstone of every successful product. Without it, teams risk wasting resources, building features nobody wants, or getting caught in reactive cycles to competitor moves. Developing a strong product strategy is both an art and a science—it requires a deep understanding of the market, customer needs, competitive landscape, and organizational goals....

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Dacey Rankins

agregó una foto Business
2025-09-04 12:10:32 -

How Much Does It Cost? / What’s Included in the Price?
One of the first questions customers ask—whether shopping for software, consumer products, or professional services—is simple yet powerful: “How much does it cost, and what’s included in the price?” This question goes beyond numbers. It reflects a customer’s desire for clarity, trust, and value. Pricing transparency can make or break purchasing decisions....

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Dacey Rankins

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2025-07-25 14:06:54 -

Improvement Suggestions: How to Turn Customer Input into Action
No product or service is perfect—but listening to your customers can bring you closer. Asking open-ended questions like “How could we improve?” or “What features do you value most or least?” is a simple yet powerful way to gather actionable insights. Customers use your product every day in real-world contexts, and they often notice friction points or needs long...

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Dacey Rankins

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2025-09-04 13:21:48 -

Should I Segment My Customer Base and Price Accordingly?
One of the biggest mistakes businesses make in pricing is treating all customers the same. In reality, not all customers have the same needs, preferences, or willingness to pay. Some want the cheapest option possible, while others are happy to pay a premium for added convenience, quality, or brand reputation. This is where customer segmentation comes into play. Segmenting your customer base...

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Dacey Rankins

agregó una foto Business
2025-01-09 15:23:12 -

What is a business model?
A business model is a crucial component of any company, whether it's a startup or an established enterprise. It essentially defines how a business creates, delivers, and captures value. In other words, a business model outlines a company's plan for generating profit. It details the products or services offered, the target markets, and anticipated expenses, serving as a roadmap for both internal...

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