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Sure, they're trying to sell you something, but that doesn't mean new technology programs and services from big companies aren't truly helpful.
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When it comes to building great products, less is more. In fact, a good rule of thumb is to focus only on the top three features or benefits of any given product. Make sure those three key features or benefits produce a "Wow!" experience...and if they don't then find the three key features that do.
I've been asked to help evaluate numerous prototypes and beta products throughout the years. Inevitably, entrepreneurs take the "everything but the kitchen sink" approach or (like the infomercials) the "wait there's more" approach. I'm not a big fan of such products as not only does
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When we began building Netflix in 1997, most people thought we were nuts. DVD players had just started selling in the U.S. in March, and by October we started executing our billion dollar business plan with only $2 million of seed funding. Even with the dot-com era in full bloom, the idea of renting movies via mail struck most as somewhat ludicrous. Despite the odds and the obstacles, we persevered to create Netflix, which has revolutionized the entire movie rental industry.
Looking back on Netflix's startup story, five customer-focused lessons stand out as critical in creating this innovative Internet business.
1. Don't
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Right after we published this post, an interesting piece of news came across the wire. Sony has delayed the launch of its important new product, the PlayStation 3, by six months. That has to hurt!
Take a look at this article from the New York Times (PlayStation) and then consider the post below.
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Here's one of the best pieces of business advice I've ever received. It's the concept of the "Barely Sufficient Product".
At first, the notion of bringing a barely sufficient product to market grates against everything we hold dear. We want to create wonderful, brilliant, world-changing products. And when