How would you characterize the difference between product vs solution?
Product vs solution is the simple difference between what you do and what your customers need to do or want to do.
You build products and features. Your customers need or want to get better at admitting patients, doing legal research, running payroll, designing clothing, taking customer orders, inventorying a warehouse, etc. If you want to define the difference between product vs solution, just answer this question: Which mission-critical business processes are most important for our customers to improve?
Here’s the problem. It’s all too easy to get caught in the trap of looking at your target customers through the lens of each product instead of just looking at their business without any product bias. That biased view inhibits your ability to focus on broader activities that are mission critical to their business.
If you focus on improving mission-critical business activities, there’s a good chance that multiple products and or services will be required to quantifiably improve them.
It comes down to this: product vs solution is the difference between groceries and a prepared meal. For most solution providers, your target customers get far more value from the prepared meal than they do a bag of groceries.
Product vs Solution: The Remedy
Here’s the remedy. Before you build products or features or create any positioning, start with the solution — the customer’s definition of what they’re doing, why it’s critical to their business and the obstacles standing in their way. Work backward from there to eliminate the obstacles and the result will be higher-value solutions and a differentiating value story. Both equate to more revenue!
Want to learn the easy way to define solutions before you build or market them? Contact us about a personalized onsite workshop for your products, your markets and your business model. If you’re a do-it-yourselfer, check out our online courses, complete with video instruction and all the tools to get the job done.