How can startups determine if they have achieved product-market fit?

[Zelda]

Achieving product-market fit is crucial for startup success, indicating that there is sufficient demand for the product or service in the market. Startups can assess product-market fit by monitoring key metrics such as customer satisfaction, retention rates, and revenue growth. Analyzing customer feedback, reviews, and engagement metrics provides valuable insights into whether the product meets customer needs and delivers value effectively. Conducting surveys or interviews with customers to understand their pain points, preferences, and usage patterns helps validate product-market fit and identify areas for improvement. Additionally, observing market trends, competitor activity, and customer behavior can help startups gauge their positioning and relevance in the market.