How do you consider prioritizing the launches for new products? For example, your new online design consultation service?
“By collecting customer feedback research. You don’t have to be perfectly scientific, you don’t have to hire McKinsey. Just talk to your customers, do focus groups, get on the phone with them, and do surveys.
We do surveys all the time. People love doing them and you don’t have to offer some huge reward. We offer the chance to win a free throw blanket. So you know that people aren’t doing it for the possibility of winning a blanket, right, they’re doing it because they care about the brand and they want to give their input. And how cool would that be if you gave feedback to a company and they used that feedback to create new products for you?
For a lot of founders, and people in general, you’re afraid to ask because you’re afraid of what the answer might be.
What if they don’t like what we’re starting to develop? What if they don’t like it what do we do? Well, wouldn’t you rather know that now than launch it and have them not like it? You should perfect products as much as possible before launching. You’re not going to figure out all the kinks, but I think doing any sort of customer research upfront is incredibly valuable. People are more willing to give their opinion than folks might think.”