Business Model Innovation Hub
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Hello From an Electronics Designer/Manufacturer in Toronto
Hi all,
I'm from an electronics designer/manufacturer in Toronto. We've done well by selling high performance products with excellent customer support to back them up.
We're now looking for models outside of this, as it's becoming more difficult in our industry to find areas where our customers will pay for a high performance product.
Anyway, pleased to meet you. Look forward to another post wherein I try to get my hands on a copy of the book.
I'm from an electronics designer/manufacturer in Toronto. We've done well by selling high performance products with excellent customer support to back them up.
We're now looking for models outside of this, as it's becoming more difficult in our industry to find areas where our customers will pay for a high performance product.
Anyway, pleased to meet you. Look forward to another post wherein I try to get my hands on a copy of the book.
Replies to This Discussion
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Permalink Reply by Ian Perry on -
pleased to meet you too and welcome to the community best regards and goodluck in your venture
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Permalink Reply by John W Babiak on -
Paul,
I hope that you've had a chance to get your teeth into the book.
It's important NOT to focus on the product. Focus on the value proposition.
And don't forget that experimentation is the key to developing a business model.
Don't assume. Develop a hypothesis and test it. Even if you feel that your hypothesis is wrong. Test it to prove that it's wrong. You may discover some surprises or pivots along the way.
Good luck!
John
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