Service or Product?
Neel Patel
61 replies
What business would you choose?
We talked about it here in detail:
https://youtu.be/6130FfDWXOI?si=vSBZyRW5adrQyPMV
Replies
AuroraW@auroraw
AI Phone
I’d choose a product business. Once established, a product can reach a wide audience with minimal ongoing effort, making it easier to automate and sustain.
Share
Zebracat AI
Launching soon!
I’m leaning towards services more :), as i am running a remote company SMG
Speech to Note
Service and the Product.
We like to say, 'Why not both?' 🤷😂 We're a product-based company that also offers services, including ongoing support and maintenance.
minimalist phone: creating folders
If products sell well, so products. :)
SyncSignature
@busmark_w_nika That's the most difficult part right? ;)
minimalist phone: creating folders
@alviani_nuragnia It can be any product when you know how to market it (and where you know how to create a desire/need for it) :)
Product: higher margins
Hansei
Launching soon!
Depends on the idea you are selling either product or service; should be appealing to the end users
Wisp CMS
Always leaning towards product due to the ability to scale.
But starting out with product is really hard as many people want to see successful use cases, case studies, etc. I found a done-for-you (DFY) approach a good way to solve the cold-start problem so I've been manually onboarding new users and setting up consultation work with some clients (which includes them using my product).
So far I've secured 3 different clients this way through the consultation method. I know it doesn't scale but it beats having 0 clients...
So I guess a mix is good at least for the start.
SyncSignature
@raymond_yeh You said it so well! We talked about it here if you want to check out : https://youtu.be/6130FfDWXOI?si=...
Varify.io
Always Product, that's why I built varify.io
Product-based service
Products, include standard and customized products
I will choose a product. If you have a good and unique product, most of the time it works for you. With service, in my experience, there is always more competition to beat
I'm definitely more into products. I love having something I can physically hold and use whenever I want.
Both are important, but I'd say for most businesses, focus on developing a great product first. Then leverage that to offer related services around the product to expand revenue streams. Many successful companies have grown this way, starting product-focused and expanding with value-add services over time as their customer base grows. Just my 2 cents!
I personally lean towards services. They adapt to my needs and offer a level of personalization that products sometimes lack.
SyncSignature
@james_chappel That makes sense. There are drawbacks too that we discussed in detail if you want to check out: https://youtu.be/6130FfDWXOI?si=...
Always Products, at least I can convert my efforts into some infinite results, which is not the case with services.
Products