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	Comments on: Protect your outlier innovators.	</title>
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	<link>https://berkonomics.com/?p=2221&#038;utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=protect-your-outlier-innovators</link>
	<description>Dave Berkus&#039; business insights</description>
	<lastBuildDate>Tue, 24 Mar 2015 20:10:24 +0000</lastBuildDate>
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		<title>
		By: Daniel Curran		</title>
		<link>https://berkonomics.com/?p=2221&#038;cpage=1#comment-61936</link>

		<dc:creator><![CDATA[Daniel Curran]]></dc:creator>
		<pubDate>Tue, 24 Mar 2015 20:10:24 +0000</pubDate>
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					<description><![CDATA[As a risk-mitigaton measure, that&#039;s why we developed the CustEx.com platform that allows Vendors to upgrade or get a feel for the total market need directly from Customers, with no weigy-board or AI tricks. So far, we&#039;ve got 271 Million popular products indexed [as many as Amazon/eBay carry] for Customers to improve, find, and review. 

We must be doing something right with Customers, as we can&#039;t keep our servers from crashing.]]></description>
			<content:encoded><![CDATA[<p>As a risk-mitigaton measure, that&#8217;s why we developed the CustEx.com platform that allows Vendors to upgrade or get a feel for the total market need directly from Customers, with no weigy-board or AI tricks. So far, we&#8217;ve got 271 Million popular products indexed [as many as Amazon/eBay carry] for Customers to improve, find, and review. </p>
<p>We must be doing something right with Customers, as we can&#8217;t keep our servers from crashing.</p>
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		<title>
		By: Michael O'Daniel		</title>
		<link>https://berkonomics.com/?p=2221&#038;cpage=1#comment-61926</link>

		<dc:creator><![CDATA[Michael O'Daniel]]></dc:creator>
		<pubDate>Tue, 24 Mar 2015 16:29:01 +0000</pubDate>
		<guid isPermaLink="false">https://berkonomics.com/?p=2221#comment-61926</guid>

					<description><![CDATA[A couple of observations from someone who has been down this path:

1. Understand that some of the new explorations will fail. That does not mean you shouldn&#039;t keep trying. More can be learned from failure than from success.

2. When you do identify a new product / direction, don&#039;t make the mistake of betting the farm on that offering. Make sure your existing customers remain happy with you and continue to be serviced properly -- do not pull valuable resources away from customer care / sales support, otherwise you run the risk of impacting your current revenue stream.

3. Don&#039;t put too much stock in what the analysts are saying, e.g., &quot;You&#039;ve got to develop a product in this area because it&#039;s the wave of the future! Everyone else is doing it and you&#039;ll be left behind!&quot;  Keep in mind that the purpose of gathering a herd is to drive them to slaughter. Unfortunately your board and other investors can often be unduly influenced by the analysts and their herd instinct, and it can be a challenge to stand up to them.]]></description>
			<content:encoded><![CDATA[<p>A couple of observations from someone who has been down this path:</p>
<p>1. Understand that some of the new explorations will fail. That does not mean you shouldn&#8217;t keep trying. More can be learned from failure than from success.</p>
<p>2. When you do identify a new product / direction, don&#8217;t make the mistake of betting the farm on that offering. Make sure your existing customers remain happy with you and continue to be serviced properly &#8212; do not pull valuable resources away from customer care / sales support, otherwise you run the risk of impacting your current revenue stream.</p>
<p>3. Don&#8217;t put too much stock in what the analysts are saying, e.g., &#8220;You&#8217;ve got to develop a product in this area because it&#8217;s the wave of the future! Everyone else is doing it and you&#8217;ll be left behind!&#8221;  Keep in mind that the purpose of gathering a herd is to drive them to slaughter. Unfortunately your board and other investors can often be unduly influenced by the analysts and their herd instinct, and it can be a challenge to stand up to them.</p>
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