Tech for Non-Techies

87. How to commercialise innovation


Listen Later

Success in tech consists of two parts: making great products and using them to build a business. No matter how brilliant an app or algorithm is, if people do not want to pay for it, it is unlikely to live for long.

This is why all tech innovators need to learn the core skills of commercialising innovation.

Listen to this episode to learn how Salesforce, Starbucks and Xero commercialise their tech products, and so you can apply their lessons too.

The top 3 questions you need to answer to ensure your tech product has business success are:

  1. How will this product help people make more money?
  2. How will this product improve customer experience?
  3. How will this product improve efficiency?

Always focus on the benefits that the product will bring customers, not its features.

Tell Sophia what you're working on and submit your questions to her on [email protected]

Or reach her on Facebook, Instagram and LinkedIn and Twitter.

...more
View all episodesView all episodes
Download on the App Store

Tech for Non-TechiesBy Sophia Matveeva

  • 5
  • 5
  • 5
  • 5
  • 5

5

23 ratings


More shows like Tech for Non-Techies

View all
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

535 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

179 Listeners

The McKinsey Podcast by McKinsey & Company

The McKinsey Podcast

378 Listeners

The Knowledge Project by Shane Parrish

The Knowledge Project

2,707 Listeners

The a16z Show by Andreessen Horowitz

The a16z Show

1,096 Listeners

Software Engineering Daily by Software Engineering Daily

Software Engineering Daily

625 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,360 Listeners

Super Data Science: ML & AI Podcast with Jon Krohn by Jon Krohn

Super Data Science: ML & AI Podcast with Jon Krohn

302 Listeners

NVIDIA AI Podcast by NVIDIA

NVIDIA AI Podcast

346 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,997 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

226 Listeners

Practical AI by Practical AI LLC

Practical AI

205 Listeners

Me, Myself, and AI by MIT Sloan Management Review

Me, Myself, and AI

110 Listeners

The So What from BCG by Boston Consulting Group BCG

The So What from BCG

219 Listeners

The Morgan Housel Podcast by Morgan Housel

The Morgan Housel Podcast

987 Listeners