What business is better: product or service? ๐Ÿค”

Harshil Patel
7 replies
Here's how see these: ๐Ÿ”น Products = Customer-centric, Services = Client-focused ๐Ÿ”น Products solve problems, Services fulfill needs ๐Ÿ”น Products: High risk, high reward. Services: More predictable ๐Ÿ”น Products sprint to market, Services take the scenic route ๐Ÿ”น Services = Instant skill monetization, Products = Patience is a virtue ๐Ÿ”น Services: Explore various industries/domains. Products: Master one thing. ๐Ÿ”น Services follow a map, Products venture into the unknown What's your take? Products or Services - where do you stand?

Replies

Milli Sen
Interesting topic. Somewhat of a subjective concern. I think as long as the service or product has a demand, scalable, and generates revenue, both are great. Depends on the individual and their goals.
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Harshil Patel
@millisen Surely. Plus, one thing I purposefully left out is - productised service(s). There are great businesses and individuals who are doing this and at scale.
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Andriy
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Ethan Gabriel Fitzgerald
I think it depends on your skills, interests, and the market demand. If you're great at creating innovative products that solve real problems, go the product route. If you excel at delivering top-notch services and building relationships, focus on services. Both can be very lucrative if you find the right niche and execute well. The key is playing to your strengths and finding that product-market fit or service-market fit. Just my 2 cents!
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Claudia Dennis
Services offer more stability and allow for deeper relationships with clients. I prefer services because they provide consistent revenue and the chance to explore different industries.
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Harshil Patel
@claudia_dennis ๐Ÿ’ฏ Products are like sprints and services are like sceneic drives ๐Ÿคฉ And ofc, nothing can beat the connection bit.