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by mseebach
3300 days ago
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The examples given for "vitamin" and "painkiller" are poor, or at lease not describing differences in products, but in marketing strategy. Also, the idea that "vitamins" are poor product is betrayed by the success of many, many madly successful "vitamin" products, not least including literal vitamins. The product-load-feature that is described in the entrepreneur.com article as a "vitamin" mere seems poorly marketed. Keeping your e-business platform up-to-date with your products is very much something that can raise revenue or lower costs (or, if not, it's not actually a product at all, vitamin or not). On the other example, the healthcare payments solution, why would you not expect the provider of the existing invoicing solution to "just" enable some sort of upfront payment to lower bed debts, if this is really a problem? (Also, dismissing business ideas on the basis that someone else would already be doing it if it's actually a problem seems to be a great way to never be successful in business) |
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Some product like Skype, Facebook, Dropbox spread just by word of mouth. They address pain people really feel (for some, you might need to dig deeper what it is). Other products need national TV commercials and still have a hard time to sell what they have. Big difference.