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Determining If a Problem Is Worth Solving - Pre-Order Metric
Identifying whether a problem is significant enough to warrant a solution involves assessing the willingness of potential customers to pay for it. A reliable measure is the pre-order metric, where the actual swiping of credit cards serves as definitive proof that the problem resonates with users. If enough interest is demonstrated through pre-orders, this indicates that the problem is substantial and worth addressing. By initiating a pre-order survey prior to product development, one can gather critical data on the demand and validate the necessity of the proposed solution before making a significant investment.
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