SlideShare a Scribd company logo
1 of 20
Product - Meeting Room App & Qisper
Objective - Strategy & execution for
Product/Market Fit
Sprint 1 Diagnosis
Sprint 2 Initial Growth To Collect Data
Sprint 3 User Research, Synthesis, Iterated
Business Model & Product Roadmap
20 September 2019
Overview
Program Review
2
Create
value
prop in
customer
language
4
Optimise
product
around
core
users
5
Improve
layers of
PMF
6
Build
word-of-
mouth
into
product
1
Internally
under-
stand
value
Prop
3
Find first
users
9
Find
channel
for more
users
7
User
research to
synthesis
to
prioritisatio
n
8
Product
Roadmap
to increase
product
/market fit
Sprint 1 - Diagnosis Sprint 2 - Initial Growth Sprint 3 - Iterated Roadmap
Most founders don’t do a good job of articulating their startup. You have to know how to talk about your
product
(Click to access worksheets)
1. Internally understand value prop
Amazon style press release First Tweet
(Click to access worksheets)
Work examples
Internally understand value prop
Product Marketing/Positioning Doc
Finding your first users is a manual, in-person, educated-guess process. “In the beginning, everything is experimental”
Click to access resource
2. Find First Users
20 manual ways to find
traction
Click to access resource
Work example
Find First Users
Product Hunt Listing
Are new users returning to your product? How does the product need to change to engage and retain?
Who are the types of users we should focus on?
3. Optimise product around core users / Refine segment based on research
User TestingSegment Users via
Research
Research to find a ‘High
Expectation Customer’
Persona
Click to access resources
Work examples
Optimise product around core users
Built personas from customer
support data (Zendesk). High
leverage source of user research
Customer Personas based on
customer support data.
How can we measure product/market fit?
What do we do with product/market fit survey information?
4. Measuring Product/Market Fit
Product/Market Fit
Surveys
Click to access resource
Measuring Product/Market Fit
Survey to measure product/market fit
Work example
5. Improve layers of product/market fit
Theory: In order to increase/achieve product/market fit, there must be data driven iterations of riskiest assumptions
(i.e most important) - customer segment, customer needs and solution/product/feature set, value prop.
Step 1: Broad hypothesis
of problem and solution
Step 2: Lay out detailed
hypothesis of business
model
Step 3: Systematically
test and iterate
hypothesis. Validate &
keep. Invalidate &
change.
Examples of business
model pivots
Improve layers of product/market fit
In Practice: ‘History of Truth - from fiction to fact a ‘time-lapse’ view of iteration cycles of the business
model. Key activities to to (in)validate include user research and growth activities. Subsequent data to
inform iterations.
Truth 1.0
Oct 2018
Truth 2.0
July 2018
Truth 3.0
Sep 2019
Target Customer:
Transition students
Need: Find people with
similar interests and
needs
Value Prop: Find and
share experiences with
others
Feature Set:
● Interests
● Events
Truth 4.0
Oct 2019
History of Truth - Process
Process
1. List hypothesis on a
business model
2. Prioritise hypothesis and
assumptions to tests (i.e.
validate or invalidate)
3. Create learn research
spike into agile backlog
4. Lean validation: if
hypothesis is mostly true,
hypothesis validated.
Otherwise invalidate and
new hypothesis to be
created
Hypothesis
Validated
(truish)
Invalidated
(wrongish)
Timeline
Research &
Growth
Spike
Research &
Growth
Spike
Goal is for cohort of users to create a new cohort of users
6. Building word-of-mouth into the customer journey/product (Virality)
Viral Loop Research
Work example
Building word-of-mouth into the customer journey/product (Virality)
Viral Loop Design Prototype
7. User Research, synthesis, prioritisation
Work example - User research via workshop and synthesis into solutions/features
User Research, synthesis, prioritisation
Work example - Prioritising upcoming features based on competitive differentiation
User Research, synthesis, prioritisation
Work example: Product Roadmap to increase product/market fit
8. Focus on priority channels for more users
Once you’ve reached this point (1) value prop resonates 2) Users retained, not it’s time to find the right channel to
use for acquisition, i.e. product/channel fit.
Prioritise Channels Rapidly Test (Ping)
Click to access resources
Focus on best channel for more
users
Work example

More Related Content

What's hot

Product Management Roles - Briefly Explained
Product Management Roles - Briefly ExplainedProduct Management Roles - Briefly Explained
Product Management Roles - Briefly ExplainedBrainmates Pty Limited
 
The Strategic Role of Product Management & Product Marketing in Driving Produ...
The Strategic Role of Product Management & Product Marketing in Driving Produ...The Strategic Role of Product Management & Product Marketing in Driving Produ...
The Strategic Role of Product Management & Product Marketing in Driving Produ...CompellingPM
 
Sample Marketing Presentation
Sample Marketing PresentationSample Marketing Presentation
Sample Marketing Presentationvictoriadruckman
 
Ch20: Introducing New Market Offerings
Ch20: Introducing New Market OfferingsCh20: Introducing New Market Offerings
Ch20: Introducing New Market OfferingsChloan Sunga, CPA
 
Speed Wins: Launching new products and services. pptx
Speed Wins: Launching new products and services. pptxSpeed Wins: Launching new products and services. pptx
Speed Wins: Launching new products and services. pptxPeter Eales
 
New Product Marketing 101
New Product Marketing 101New Product Marketing 101
New Product Marketing 101Marco Muzzi
 
Marketing and innovation
Marketing and innovationMarketing and innovation
Marketing and innovationMaster MOI
 
Fundamentals of Agile Product Management
Fundamentals of Agile Product ManagementFundamentals of Agile Product Management
Fundamentals of Agile Product ManagementAmbreen Hussain
 
Product strategy in agile and scrum
Product strategy in agile and scrumProduct strategy in agile and scrum
Product strategy in agile and scrumŁukasz Banach
 
Guide product management
Guide product managementGuide product management
Guide product managementAkash Ghosh
 
Lean product management
Lean product managementLean product management
Lean product managementJon Harmer
 
Product management in practice
Product management in practiceProduct management in practice
Product management in practiceBikram Gupta
 
New product development strategy
New product development strategyNew product development strategy
New product development strategyshrinivas kulkarni
 
The role of a product manager
The role of a product managerThe role of a product manager
The role of a product managerDan Tuhoarca
 
From Product Management To Social Product Management
From Product Management To Social Product ManagementFrom Product Management To Social Product Management
From Product Management To Social Product ManagementTom Grant
 

What's hot (20)

Product Management Roles - Briefly Explained
Product Management Roles - Briefly ExplainedProduct Management Roles - Briefly Explained
Product Management Roles - Briefly Explained
 
The Strategic Role of Product Management & Product Marketing in Driving Produ...
The Strategic Role of Product Management & Product Marketing in Driving Produ...The Strategic Role of Product Management & Product Marketing in Driving Produ...
The Strategic Role of Product Management & Product Marketing in Driving Produ...
 
Sample Marketing Presentation
Sample Marketing PresentationSample Marketing Presentation
Sample Marketing Presentation
 
Product Management
Product ManagementProduct Management
Product Management
 
Ch20: Introducing New Market Offerings
Ch20: Introducing New Market OfferingsCh20: Introducing New Market Offerings
Ch20: Introducing New Market Offerings
 
Speed Wins: Launching new products and services. pptx
Speed Wins: Launching new products and services. pptxSpeed Wins: Launching new products and services. pptx
Speed Wins: Launching new products and services. pptx
 
New Product Marketing 101
New Product Marketing 101New Product Marketing 101
New Product Marketing 101
 
Product management 101
Product management 101Product management 101
Product management 101
 
Product Roadmap
Product RoadmapProduct Roadmap
Product Roadmap
 
Marketing and innovation
Marketing and innovationMarketing and innovation
Marketing and innovation
 
Fundamentals of Agile Product Management
Fundamentals of Agile Product ManagementFundamentals of Agile Product Management
Fundamentals of Agile Product Management
 
Product strategy in agile and scrum
Product strategy in agile and scrumProduct strategy in agile and scrum
Product strategy in agile and scrum
 
Guide product management
Guide product managementGuide product management
Guide product management
 
19 Strategic Product Management - Strategy making & New Product Development (...
19 Strategic Product Management - Strategy making & New Product Development (...19 Strategic Product Management - Strategy making & New Product Development (...
19 Strategic Product Management - Strategy making & New Product Development (...
 
Lean product management
Lean product managementLean product management
Lean product management
 
Product management in practice
Product management in practiceProduct management in practice
Product management in practice
 
Product Management
Product ManagementProduct Management
Product Management
 
New product development strategy
New product development strategyNew product development strategy
New product development strategy
 
The role of a product manager
The role of a product managerThe role of a product manager
The role of a product manager
 
From Product Management To Social Product Management
From Product Management To Social Product ManagementFrom Product Management To Social Product Management
From Product Management To Social Product Management
 

Similar to Isobar - Product & Ventures - Finding Product/Market Fit

The New Product Development ProcessBecause introdu.docx
The New Product Development ProcessBecause introdu.docxThe New Product Development ProcessBecause introdu.docx
The New Product Development ProcessBecause introdu.docxcherry686017
 
Chapter 2The New Products ProcessThe
Chapter 2The New Products ProcessThe Chapter 2The New Products ProcessThe
Chapter 2The New Products ProcessThe EstelaJeffery653
 
Movoto product design - case study i
Movoto product design -  case study iMovoto product design -  case study i
Movoto product design - case study iSting Chen
 
Movoto product design - case study i - PMCamp1
Movoto product design -  case study i - PMCamp1Movoto product design -  case study i - PMCamp1
Movoto product design - case study i - PMCamp1PMCamp
 
Presentation1 visual beeblackstylepdd
Presentation1   visual beeblackstylepddPresentation1   visual beeblackstylepdd
Presentation1 visual beeblackstylepddChan Sethey
 
Current issues in manangement
Current issues in manangementCurrent issues in manangement
Current issues in manangementYawehElShaddai
 
Product design and development
Product design and developmentProduct design and development
Product design and developmentKishor Tayade
 
New product development
New product developmentNew product development
New product developmentNishant Pahad
 
POM: Product design and development
POM: Product design and developmentPOM: Product design and development
POM: Product design and developmentKishor Tayade
 
Dr. ibha Rani_ New product Development.pptx
Dr. ibha Rani_ New product Development.pptxDr. ibha Rani_ New product Development.pptx
Dr. ibha Rani_ New product Development.pptxIbhaRani
 
New product development in Marketing Mansgement
New product development in Marketing MansgementNew product development in Marketing Mansgement
New product development in Marketing MansgementSusmitaGhosh36
 
New Product Development Strategy
New Product Development StrategyNew Product Development Strategy
New Product Development StrategyYodhia Antariksa
 
Product Development Strategy
Product Development StrategyProduct Development Strategy
Product Development Strategykkjjkevin03
 
Principles of marketing chpter 09 theory
Principles of marketing chpter 09 theoryPrinciples of marketing chpter 09 theory
Principles of marketing chpter 09 theoryPartha Protim Roy Niloy
 
Intro to PM Execution Interviews by Facebook Product Leader
Intro to PM Execution Interviews by Facebook Product LeaderIntro to PM Execution Interviews by Facebook Product Leader
Intro to PM Execution Interviews by Facebook Product LeaderProduct School
 
product Design power point.pptx
product Design power point.pptxproduct Design power point.pptx
product Design power point.pptxshelememosisa
 

Similar to Isobar - Product & Ventures - Finding Product/Market Fit (20)

The New Product Development ProcessBecause introdu.docx
The New Product Development ProcessBecause introdu.docxThe New Product Development ProcessBecause introdu.docx
The New Product Development ProcessBecause introdu.docx
 
Chapter 2The New Products ProcessThe
Chapter 2The New Products ProcessThe Chapter 2The New Products ProcessThe
Chapter 2The New Products ProcessThe
 
Movoto product design - case study i
Movoto product design -  case study iMovoto product design -  case study i
Movoto product design - case study i
 
Movoto product design - case study i - PMCamp1
Movoto product design -  case study i - PMCamp1Movoto product design -  case study i - PMCamp1
Movoto product design - case study i - PMCamp1
 
Presentation1 visual beeblackstylepdd
Presentation1   visual beeblackstylepddPresentation1   visual beeblackstylepdd
Presentation1 visual beeblackstylepdd
 
Current issues in manangement
Current issues in manangementCurrent issues in manangement
Current issues in manangement
 
Product PDF
Product PDFProduct PDF
Product PDF
 
Product design and development
Product design and developmentProduct design and development
Product design and development
 
New product development
New product developmentNew product development
New product development
 
POM: Product design and development
POM: Product design and developmentPOM: Product design and development
POM: Product design and development
 
Dr. ibha Rani_ New product Development.pptx
Dr. ibha Rani_ New product Development.pptxDr. ibha Rani_ New product Development.pptx
Dr. ibha Rani_ New product Development.pptx
 
The New Product Development Process.pdf
The New Product Development Process.pdfThe New Product Development Process.pdf
The New Product Development Process.pdf
 
New product development
New product developmentNew product development
New product development
 
New product development in Marketing Mansgement
New product development in Marketing MansgementNew product development in Marketing Mansgement
New product development in Marketing Mansgement
 
Chapter 8 ar-fiii
Chapter 8   ar-fiiiChapter 8   ar-fiii
Chapter 8 ar-fiii
 
New Product Development Strategy
New Product Development StrategyNew Product Development Strategy
New Product Development Strategy
 
Product Development Strategy
Product Development StrategyProduct Development Strategy
Product Development Strategy
 
Principles of marketing chpter 09 theory
Principles of marketing chpter 09 theoryPrinciples of marketing chpter 09 theory
Principles of marketing chpter 09 theory
 
Intro to PM Execution Interviews by Facebook Product Leader
Intro to PM Execution Interviews by Facebook Product LeaderIntro to PM Execution Interviews by Facebook Product Leader
Intro to PM Execution Interviews by Facebook Product Leader
 
product Design power point.pptx
product Design power point.pptxproduct Design power point.pptx
product Design power point.pptx
 

Recently uploaded

KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...Any kyc Account
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaShree Krishna Exports
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxpriyanshujha201
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfOnline Income Engine
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒anilsa9823
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...amitlee9823
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876dlhescort
 
VIP Call Girls Gandi Maisamma ( Hyderabad ) Phone 8250192130 | ₹5k To 25k Wit...
VIP Call Girls Gandi Maisamma ( Hyderabad ) Phone 8250192130 | ₹5k To 25k Wit...VIP Call Girls Gandi Maisamma ( Hyderabad ) Phone 8250192130 | ₹5k To 25k Wit...
VIP Call Girls Gandi Maisamma ( Hyderabad ) Phone 8250192130 | ₹5k To 25k Wit...Suhani Kapoor
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Centuryrwgiffor
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetDenis Gagné
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdftbatkhuu1
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxAndy Lambert
 

Recently uploaded (20)

KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in India
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdf
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
 
VIP Call Girls Gandi Maisamma ( Hyderabad ) Phone 8250192130 | ₹5k To 25k Wit...
VIP Call Girls Gandi Maisamma ( Hyderabad ) Phone 8250192130 | ₹5k To 25k Wit...VIP Call Girls Gandi Maisamma ( Hyderabad ) Phone 8250192130 | ₹5k To 25k Wit...
VIP Call Girls Gandi Maisamma ( Hyderabad ) Phone 8250192130 | ₹5k To 25k Wit...
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdf
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 

Isobar - Product & Ventures - Finding Product/Market Fit

  • 1. Product - Meeting Room App & Qisper Objective - Strategy & execution for Product/Market Fit Sprint 1 Diagnosis Sprint 2 Initial Growth To Collect Data Sprint 3 User Research, Synthesis, Iterated Business Model & Product Roadmap 20 September 2019
  • 2. Overview Program Review 2 Create value prop in customer language 4 Optimise product around core users 5 Improve layers of PMF 6 Build word-of- mouth into product 1 Internally under- stand value Prop 3 Find first users 9 Find channel for more users 7 User research to synthesis to prioritisatio n 8 Product Roadmap to increase product /market fit Sprint 1 - Diagnosis Sprint 2 - Initial Growth Sprint 3 - Iterated Roadmap
  • 3. Most founders don’t do a good job of articulating their startup. You have to know how to talk about your product (Click to access worksheets) 1. Internally understand value prop Amazon style press release First Tweet (Click to access worksheets)
  • 4. Work examples Internally understand value prop Product Marketing/Positioning Doc
  • 5. Finding your first users is a manual, in-person, educated-guess process. “In the beginning, everything is experimental” Click to access resource 2. Find First Users 20 manual ways to find traction Click to access resource
  • 6. Work example Find First Users Product Hunt Listing
  • 7. Are new users returning to your product? How does the product need to change to engage and retain? Who are the types of users we should focus on? 3. Optimise product around core users / Refine segment based on research User TestingSegment Users via Research Research to find a ‘High Expectation Customer’ Persona Click to access resources
  • 8. Work examples Optimise product around core users Built personas from customer support data (Zendesk). High leverage source of user research Customer Personas based on customer support data.
  • 9. How can we measure product/market fit? What do we do with product/market fit survey information? 4. Measuring Product/Market Fit Product/Market Fit Surveys Click to access resource
  • 10. Measuring Product/Market Fit Survey to measure product/market fit Work example
  • 11. 5. Improve layers of product/market fit Theory: In order to increase/achieve product/market fit, there must be data driven iterations of riskiest assumptions (i.e most important) - customer segment, customer needs and solution/product/feature set, value prop. Step 1: Broad hypothesis of problem and solution Step 2: Lay out detailed hypothesis of business model Step 3: Systematically test and iterate hypothesis. Validate & keep. Invalidate & change. Examples of business model pivots
  • 12. Improve layers of product/market fit In Practice: ‘History of Truth - from fiction to fact a ‘time-lapse’ view of iteration cycles of the business model. Key activities to to (in)validate include user research and growth activities. Subsequent data to inform iterations. Truth 1.0 Oct 2018 Truth 2.0 July 2018 Truth 3.0 Sep 2019 Target Customer: Transition students Need: Find people with similar interests and needs Value Prop: Find and share experiences with others Feature Set: ● Interests ● Events Truth 4.0 Oct 2019
  • 13. History of Truth - Process Process 1. List hypothesis on a business model 2. Prioritise hypothesis and assumptions to tests (i.e. validate or invalidate) 3. Create learn research spike into agile backlog 4. Lean validation: if hypothesis is mostly true, hypothesis validated. Otherwise invalidate and new hypothesis to be created Hypothesis Validated (truish) Invalidated (wrongish) Timeline Research & Growth Spike Research & Growth Spike
  • 14. Goal is for cohort of users to create a new cohort of users 6. Building word-of-mouth into the customer journey/product (Virality) Viral Loop Research
  • 15. Work example Building word-of-mouth into the customer journey/product (Virality) Viral Loop Design Prototype
  • 16. 7. User Research, synthesis, prioritisation Work example - User research via workshop and synthesis into solutions/features
  • 17. User Research, synthesis, prioritisation Work example - Prioritising upcoming features based on competitive differentiation
  • 18. User Research, synthesis, prioritisation Work example: Product Roadmap to increase product/market fit
  • 19. 8. Focus on priority channels for more users Once you’ve reached this point (1) value prop resonates 2) Users retained, not it’s time to find the right channel to use for acquisition, i.e. product/channel fit. Prioritise Channels Rapidly Test (Ping) Click to access resources
  • 20. Focus on best channel for more users Work example