Product Differentiation Features

Product Differentiation Features

March 27, 2024 by investor

Product Differentiation Features

In product development, there are several types of features.

These include basic requirements, nice to haves and differentiators.

The basic requirements are table stakes. 

All products in the space have those features and customers expect them to be there.

These are must have features.

Then there are the nice to have features.

These are features the team found interesting or a customer or two requested.

They are not critical to the use of the product but it’s a nice plus.

Finally, there are differentiators.

These features add value and they help your product stand out from the competition.

These are the ones to push from a product management position as customers don’t necessarily ask for those features.

You must prioritize these on the product roadmap and overcome objections from the team who want to stick with the basic requirements.

It’s the differentiators that help you win new customers and stand out from the crowd.

Review your product roadmap for these features to make sure enough differentiators are making it into the roadmap.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.


Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.



Copyright (c) 2024, Hall Martin and investorconnect.org. All rights reserved.

Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.

Tags: