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Khalid outlines five key elements to consider when creating a product survey. First, it's essential to define your goal, such as measuring user satisfaction, evaluating new features, or understanding demographics, as this will shape the questions asked. Second, consider potential outcomes before launching the survey; thinking through decisions, like dropping a feature or adjusting marketing focus, can facilitate easier decision-making later. Planning for these next steps ensures that you are prepared to act on the data collected, preventing challenges with unfavorable results.