What is harder to monetise and WHY?

This is a tough one. I believe services are hard initially because if you don't have a clientele to show, you can't just get work. In the case of product, you can build a good one and it'll help you get the initial traction easily.

In my experience, services can be harder to monetize because they often require more personalization and time investment. Products once built can scale more easily.

In general, two type of product: 1. That user doesn’t need or solves their problem or give an Aha moment 2. That user needs but then switching effort is very less (WA probably) Happy to hear other opinions. Thanks!

In my experience, services can be harder to monetize compared to products. Services often require ongoing investment in time and expertise, which can be challenging to scale and price consistently. Products, on the other hand, have clearer value propositions and can often be sold at scale with less ongoing effort.

You can say that our product is essentially about providing services to users, or that the services we provide are essentially a type of product. Therefore, the core should be to monetize based on the value that the product or service provides to users. I believe this is the key point. As for value, it should depend on the benefits the product or service brings to the users and the users' acceptance. This is likely the difficult part.

Interesting question. I guess service because it involves performance, execution and results. Some offer unlimited services so takes a lot of hard work. Meanwhile, products could be a one-time payment where the user does all the work.

It really depends on the specifics, but in general I'd say services are harder to monetize than products. With a product, people pay once upfront and the revenue model is clear. But with services, you have to figure out ongoing pricing that provides value to customers while being profitable long-term. Things like churn, utilization rates, support costs etc. make the unit economics trickier for services businesses. Just my 2 cents though, interested to hear others' experiences!

Some service companies try to sell their services packaged like products, thinking that it is easier to buy. But customers know even then that those are services. It means, in any shape or form, services seem to be harder to market and sell, than products.

I think service bcz you have to convince the clients everytime whenever you ask for the payment in service model

For a company just starting out, it'd be easier to sell a product than a service. Not easy, just easier. Assuming the product and service are both good. This is because it's much harder to build trust in the quality of service than for a product. For one thing, you can test a product before you buy, usually extensively. Service, not so well. Also, the quality of service delivered by one team can differ a lot from another in the same company. Once a company is established and have lots of positive social proof, then it's hard to say which would be easier.

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