Have you heard about the concept of Early Adopters and Late Adopters?
Have you heard about the concept of Early Adopters and Late Adopters. When iphone releases new phones there is group of people who immediately would buy and try it and then is group of people who would like to wait, know how the new phone is? What people are saying? review, reflect and then buy. The above term represents different groups of customers based on how quickly they embrace new products, services, or technologies. Understanding these groups can help in developing strategies to maximize business growth, especially when launching new products or scaling existing ones. Here’s an overview of these groups and how to leverage them for business growth: Early Adopters - Early adopters are individuals or organizations that are among the first to try out a new product or service. They are typically open to innovation, willing to take risks, and eager to be at the forefront of trends. Early adopters often play a crucial role in the success of a product because t...