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4 tools for quick market validation

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4 tools for quick market validation

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See the video at http://youtu.be/zZnwDedZu1A

Market validation is a crucial first step before spending a lot of time and money rolling out a new product. The process lets you prove out the various elements of your business model before you launch, so you can reach customers in a predictable way.

When it comes to market validation, it’s all about your target customer. Are you reaching the right people? How do get enough of them? How do you learn quickly so you can build the right product and go to market with the wind at your back?

Brian Gladstein is a market testing expert who has helped dozens of companies through this critical phase of product development. He discusses some of the best tools available for quickly reaching your target customers and validating the most important aspects of your product and your go-to-market strategy.

In this webcast we cover:
- Unbounce: for testing user experiences
- FiveSecondTest: for assessing messaging coherence
- Zintro: for connecting with experts in any given field
- AskYourTargetMarket: for consumer surveys

Would you like us to talk about another tool that's great for market validation? Let us know! We would love to hear from you.

See the video at http://youtu.be/zZnwDedZu1A

Market validation is a crucial first step before spending a lot of time and money rolling out a new product. The process lets you prove out the various elements of your business model before you launch, so you can reach customers in a predictable way.

When it comes to market validation, it’s all about your target customer. Are you reaching the right people? How do get enough of them? How do you learn quickly so you can build the right product and go to market with the wind at your back?

Brian Gladstein is a market testing expert who has helped dozens of companies through this critical phase of product development. He discusses some of the best tools available for quickly reaching your target customers and validating the most important aspects of your product and your go-to-market strategy.

In this webcast we cover:
- Unbounce: for testing user experiences
- FiveSecondTest: for assessing messaging coherence
- Zintro: for connecting with experts in any given field
- AskYourTargetMarket: for consumer surveys

Would you like us to talk about another tool that's great for market validation? Let us know! We would love to hear from you.

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4 tools for quick market validation

  1. 1. 4 Tools For Quick Market Validation @explorics Aggressive Market Testing Lean Startup Coaching
  2. 2. @explorics www.explorics.com @briangladstein bg@explorics.com
  3. 3. about market validation
  4. 4. if you build it, will they come? Market Validation: •The first step before spending significant time and money on product development •Validate demand, business model •Eliminate risk, increase reward
  5. 5. a “famous” example http://www.youtube.com/watch?v=7QmCUDHpNzE
  6. 6. another “famous” example http://mixergy.com/andrew-mason-groupon-interview/ “All we did was we took a WordPress Blog and we skinned it to say Groupon and then every day we would do a new post with the points embedded. It was totally ghetto… “It was so cobbled together. It was enough to prove the concept and show that it was something that people really Andrew Mason liked. Founder & CEO Groupon “The actual coupon…was all FileMaker. [We’d] email the coupon PDF to people.
  7. 7. a good market validation test: 1. Is built around a pre-determined hypothesis 3. Doesn’t require much up-front investment 5. Reaches Your target customers (and not the ones you already know)
  8. 8. organizing your test Target Communication Offer Customer Channel Pain Point Message Interest / Value • Define what you know, what you are testing • Test one variable at a time
  9. 9. a great starting point The Business Model Canvas The whole business plan, on one piece of paper. Identify gaps, unknowns, risks – this is where to start testing. LEARN MORE AT OUR NEXT WEBCAST Thursday, May 10, 2012 @ 2pm ET www.explorics.com/upcoming-webcasts
  10. 10. the tools
  11. 11. Create surveys and send them to your ideal What It Is market segment. Why You The hardest part of surveying is finding the Need It right people. • Target market Use It To • Pain points & opportunities Validate • Value proposition
  12. 12. When to  Goal is to better define your build a test target market. around it  B2C or similarly broad target.  You can narrow down on specific, actionable information. Let’s See!
  13. 13. Access to over 40,000 experts in an What It Is incredibly diverse set of fields. Why You A little guidance can have an enormous Need It impact. • Market & Competitive Landscape Use It To • Buying & Purchasing Processes Validate • Partnerships
  14. 14. When to  Niched, B2B, or hard-to- build a test reach target market. around it  Direct sales of some sort involved (inside, field, channel).  Expertise in the sales cycle is valued. Let’s See!
  15. 15. Users see an image (like a web page) for 5 What It Is seconds, then provide feedback. Why You Do people really see what you think they Need It see? • Key Messages & Takeaways Use It To • Clarity Validate • Design
  16. 16. When to  Goal is to measure a first build a test impression around it  Broad audience can be used for validation (“imagine if…”)  You can access a community for extra juice Let’s See!
  17. 17. Create, publish, and optimize landing pages What It Is quickly and by yourself. Why You In market testing, conversion is king. Need It • Messaging Use It To • Qualification of Target Market Validate • Calls To Action • Conversion Expectations
  18. 18. When to  Goal is to establish or build a test improve conversion around it  Steady, online source of target customers  Multiple engagement offers available  A/B Testing Let’s See!
  19. 19. recap The hardest part of A little guidance Do people really In market testing, surveying is finding can have an see what you think conversion is king. the right people. enormous impact. they see? • Target market • Market • Key takeaways • Messaging • Pain points landscape • Clarity • Qualification • Value prop • Buying process • Design • Calls To Action • Partnerships • Conversion
  20. 20. Thank you! Follow Us! Questions? http://explorics.com/blog @briangladstein @explorics Upcoming Webcasts bg@explorics.com http://upcoming-webcasts www.explorics.com Thursday 5/10, 2pm ET Living Lean Startup: The Business Model Canvas Thursday 5/24, 2pm ET Inbound Marketing: Shifting Budgets, Shifting Expectations

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