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  2. What business is better: product or service? 🤔

What business is better: product or service? 🤔

Harshil Patel
9 replies
Here's how see these: 🔹 Products = Customer-centric, Services = Client-focused 🔹 Products solve problems, Services fulfill needs 🔹 Products: High risk, high reward. Services: More predictable 🔹 Products sprint to market, Services take the scenic route 🔹 Services = Instant skill monetization, Products = Patience is a virtue 🔹 Services: Explore various industries/domains. Products: Master one thing. 🔹 Services follow a map, Products venture into the unknown What's your take? Products or Services - where do you stand?

Replies

Milli Sen
Primeb.io
Primeb.io
Interesting topic. Somewhat of a subjective concern. I think as long as the service or product has a demand, scalable, and generates revenue, both are great. Depends on the individual and their goals.
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Harshil Patel
@millisen Surely. Plus, one thing I purposefully left out is - productised service(s). There are great businesses and individuals who are doing this and at scale.
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Andriy
7Heaven has been my go-to platform for all things NFT. Whether I’m looking to buy, sell, or trade, the platform offers a seamless experience. The variety of NFTs available is impressive, and the site is easy to navigate. I’ve also been able to connect with other collectors and creators, which has added a social element to my NFT journey. It’s a platform I trust and enjoy using regularly.
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Ethan Gabriel Fitzgerald
I think it depends on your skills, interests, and the market demand. If you're great at creating innovative products that solve real problems, go the product route. If you excel at delivering top-notch services and building relationships, focus on services. Both can be very lucrative if you find the right niche and execute well. The key is playing to your strengths and finding that product-market fit or service-market fit. Just my 2 cents!
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Mae Twyman
I go towards products because they can scale more easily and generate passive income over time.
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Harshil Patel
@mae_twyman Not sure about easiness of scale but for sure products are scalable compared to services 😅 Also, there's this concept - profit per person. I think with products one has the chance to make more without necessarily having to add more.
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Claudia Dennis
Services offer more stability and allow for deeper relationships with clients. I prefer services because they provide consistent revenue and the chance to explore different industries.
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Harshil Patel
@claudia_dennis 💯 Products are like sprints and services are like sceneic drives 🤩 And ofc, nothing can beat the connection bit.
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