To build a new product for a borrowing and lending marketplace for household goods, several key considerations must be taken into account. First, it is important to consider the target audience for the product. Who are the potential users of this marketplace, and what are their specific needs and pain points? Conducting thorough user research and developing user personas can help to answer these questions and inform product development. Once the target audience has been identified, the next step is to determine the specific features and functionality that the product should offer. This may include the ability to search for and borrow specific types of household goods, such as tools, appliances, or furniture. It may also include features such as user ratings and reviews, secure payment processing, and the ability to communicate with other users. In addition to these core features, it is important to consider the overall user experience of the product. This includes the design and layout of the platform, as well as the ease of use and intuitiveness of the user interface. Ensuring that the product is user-friendly and easy to navigate can help to drive user adoption and engagement. Finally, it is important to consider the business model and revenue streams for the product. Will the platform generate revenue through transaction fees, advertising, or some other means? Careful consideration of these factors can help to ensure the long-term sustainability and success of the product. As a professional product manager, I would bring my expertise in product sense to bear on these considerations, working closely with cross-functional teams to ensure that the product is designed and developed to meet the needs of both users and the business.
Product Sense