As part of Step 6, what are specific use cases that you can create for your product or service to increase its market life cycle? In other words, as the market matures, what would be some ways you can prevent the decline in market share of the product and create a new market life cycle without necessarily creating a new product from the ground up?
It’s easy to get “lost in the weeds” during the product spec process. You may understand the product in a way that may be difficult for your customer to understand. How would you convey the value of the product (to the customer) in a way such that the customer is very willing to pay the price you are asking?