For a product to be manufactured and to be sold out, for a project to be successful we need to consider the following aspects,find the answers for them such that it satisfies both the manufacturers and the customers.
The important factors for a project are:
Critical mass and database scalability.
Critical mass is to face challenges such as 1.usability study and 2.How to start the implementation?(for any product not only website)
The other factors to be considered are
1.How do we get people to use it?
2.After the project completion in one phase, How do we start or go with this project or product in the other phases(step by step increase in the scalability of product)?
3.How do we commercialize the product?
4.How do we advertise the product?
5.From where do we get the starting funds?
These are some of the questions we need to answer for a product or project to be successful.
Critical mass is getting the appeal from everyone that is the maximum appeal or the maximum utilization of our product.Critical mass plays an important role.More the critical mass,more the
project is successful.So we have to think the ways to commercialize the product as well as to get the critical mass.
An example of critical mass taken from Stanford's entrepreneurship corner:
Estrin explains how it is difficult to reach critical mass in a tough economic environment, which prevents startups from growing enough to compete.A personal example of Precept attempting to enter the market, but not reaching critical mass by the time Microsoft entered the market as well.
This example tells that it is very difficult for a new product to enter the market when there is heavy competition and to achieve critical mass is very difficult.
So we need to find the ways of increasing the critical mass and also step by step marketing our product.We should also pay attention to the day by day growth of our product and have patience also which plays an important role in this.We need to concentrate on connecting people.Productivity is the first phase where as,after that we have to connect the people and make them use it.
These are the important aspects which we need to consider for a product to be successful.
Some concepts taken from the speech given by the head of golfballs.com
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