Premium product
What is premiun in premium product?
6. Upselling a premium product
If you make widgets, the simplest way to create value through IoT is to make a high-end “connected” or “smart” widget and sell it at a premium. But despite its simplicity, this business model is most likely to fail because it assumes that your customers are willing to pay more for a smart widget than a dumb widget – and that is not always the case.
Top answer
A "premium product" is a product with extra or better features and a higher price to match. "premium" here has roughly the same meaning as "high-end".
- A "premium product" is a product with extra or better features and a higher price to match.
- "premium" here has roughly the same meaning as "high-end".
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A "premium product" is a product with extra or better features and a higher price to match.
"premium" here has roughly the same meaning as "high-end".
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