You don't need billions of dollars to research well. You need to
build a habit of actually doing research at every point in product
development, from building a new feature, to after you launch your
product into the market.
Your product doesn't exist in a vacuum. Research is how you
connect what you're building with the rest of the world.
- Eat the dog food. When Facebook launched on Android, the
experience was awful. Most developers preferred to use iOS, and the
resulting Android experience was so bad that chief product officer
Chris Cox forced parts of his team to switch to Android phones. Get
your product team to live through the problem firsthand.
- Start from an empty state. Part of the reason why the Apple
team chose the name "iPod" was because it didn't describe what the
iPod actually did. The iPod itself was an empty state that wasn't
limited to one function, but could constantly evolve over
time.
- Help the competition. In 2014, Elon Musk open-sourced all of
Tesla's patents. He wrote on the company blog: "We believe that
Tesla, other companies making electric cars, and the world would
all benefit from a common, rapidly-evolving technology platform."
Look at what the competition is doing constantly, and learn from
them.