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What is product market fit? What are six steps in product market fit?

What is product market fit? What are six steps in the product market fit?

Product market fit means being in a good market with a product capable of satisfying that market

First step is to determine your target customer, Who do you think will buy your offering? How will it meet their needs?

Second step is to identify underserved customer needs

find what your target customers are unhappy with? What pain do they have? How can you help them solve it?

Third step is to Define your value proposition.

How will your product meet your customer's needs better than any of the alternatives currently available?

Fourth step is to identify your Minimum Viable Product feature set

Fifth step is to create and test your MVP prototype

Sixth step is to measure if customers are buying your product and telling more about how useful your product is

After following these steps, you should have a pretty good idea of how the market will react to your product.