Customers want a new product line, is it smart to enter that space or will it get too complex?

we entered Product Y bro, based on customer demand. tbh it was really tough at first learning new tech, finding suppliers... but after 6 months it went super well... if customers want it i say go for it

Expanding product portfolio (product diversification): benefit = risk spreading, downside = operational complexity. Decision: how many existing customers will switch to Product Y? If 20%+ switch, it's an opportunity. If not, it means there's no new customer base.

before entering a new product: 1- Do a pilot project (test with 1-2 customers) 2- Create an operational checklist (team suppliers, tech), 3- Calculate the margin (compare with Product X's margin) 4- Set a 6-month runway budget 5- Decide after succes

I'm curious: Is the margin on Product Y higher or lower than Product X? Because if the margin is lower, it's not worth taking the risk.

edit: fixed a few typos.

bro, customer demand is the best opportunity! if they want Product Y, it means there's a market and build an MVP test it and if it works go full scale. like don't get stuck!

The most overlooked point about entering a new product line is this: Everyone rushing into entering a new product line gets stuck at the same point.

If you have questions, write them; I'll answer as best I can.

I don't think this advice fits everyone. Everything goes well for the first three months; problems arise in the fourth.

That's all, sorry if I went on too long.

There's one point I'm curious about. Splitting your budget without knowing where you're losing users is just throwing money in the dark.

Just leaving this note, it might be useful.

It's rare to find an explanation this clear.

Let me clarify the technical side. Most time waste accumulates in tasks waiting for approval.

If you have questions, write them; I'll answer as best I can.

Thanks, this was very helpful.

youure right.

This is exactly what we experienced. Hasty decisions become decisions you have to fix six months later.

If I were you, I'd go this route.

Good call starting this thread.

I'm writing this so you don't make the same mistake. The biggest time-waster for us was not knowing who had the final say.

Proven by experience.

My questions are cleared up, thanks.

to get into the details: Splitting your budget without knowing where you're losing users is just throwing money in the dark.

Great work.