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Service or Product?
What business would you choose?
We talked about it here in detail:
https://youtu.be/6130FfDWXOI?si=...
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Domas Sakavickas
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
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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.
@raymond_yeh You said it so well! We talked about it here if you want to check out : https://youtu.be/6130FfDWXOI?si=...
Product, hands down! After all, you can’t spell "productivity" without "product." 😉
Always Products, at least I can convert my efforts into some infinite results, which is not the case with services.
I'll say service because from what I see (where the people around me are freelances) it's very flexible and the best part is where they can have more time for themselves, family, hobby, etc
Depends on the idea you are selling either product or service; should be appealing to the end users
We like to say, 'Why not both?' 🤷😂 We're a product-based company that also offers services, including ongoing support and maintenance.
For me, a product business seems more sustainable in the long run. It allows for more passive income, which is a big draw.
@mukesh_kumar_das We talked about it here - https://youtu.be/6130FfDWXOI?si=...
Patience is the game for products!
I’d pick a product business. Once it’s perfected, it can practically sell itself and reach a wider audience.
Honestly, it depends on the market. If there’s a strong demand for a specific service or product, that’s what I’d go for.
@cerca_hedgecock Could you share an experience if you ever had to choose between the two?
