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From Idea to Business
Kristian Luoma,
Head of Product, CasCard/Wantlet
@kluoma
Building Products:
Idea to Business
Product Management
Idea                        Business
Building A-Team




       Product Management
Idea                                                            Business
                                               Going
                                                       to Mar
                                                             ket

        etting Funding
       G                          Partnering
#1
                     ED
                   RN
               L EA
       TI’VE
W HA


                      No marketing budget saves a bad product!

                      Great products rule
What is a   great product?
“Perfect products are at the right
thing, right time, right place .. and
              right way.”
                            Unknown
“Perfect products are at the right
 thing, right time, right place .. and
WHAT
            WHEN             WHERE
               right way.”
                     WHY
WHY
  WHERE
                   WHEN




All 6W’s need to be figured out
     for perfect products!
                          HOW MUCH




             HOW



 WHAT
WHY
 WHERE
                  WHEN




Usually, an “Idea” is only 1W
                         HOW MUCH




            HOW



WHAT
WHY
 WHERE
                 WHEN




Act of Product Management
expands the answer to cover
        other W’s too   HOW MUCH




           HOW



WHAT
#2
                      ED
                    RN
                L EA
         I’VE
       T
W HA




Great Products are like Fish
F
Fun & Useful
  (What?)
I
Innovate by Simplifying
        (How?)
“If I had asked people
  what they wanted,
they would have said
      faster horses.”

         H. Ford
S
Soulful
(Why?)
“I didn’t create a
  community, I just
   organized more
      elegantly”

M. Zuckerberg
H
 Here & Now
(When, Where?)
“What got you
  here, won’t
take you there”
  A. Einstein
FISH   Ok, but why?

FISH   Ok, it’s simpler, but why?
                                                 Like 3D T
                                                           Vn
                                                 or LBS in ow,
FISH   Ok, it’s simpler and soulful, but naah.             2000




FISH   Great!
Yet, Never Forget: For Who?
     (not everyone loves Fish)


                                                          uct.
                                    ’t make  it a bad prod
                   by some, doesn
      Being hated          ts are often h
                                          ated.
                    produc
      In fact, good
#3
                      ED
                    RN
                L EA
         I’VE
       T
W HA
                  Is it Fish?
       “Would you recommend it to your
            friends, scale 1-10?”
                               NET PROMOTER SCORE
#4
                      ED
                    RN
                L EA
         I’VE
       T
W HA




        To get results, keep trying it.
#5
                      ED
                    RN
                L EA
         I’VE
       T
W HA




                Value by where you Fish
#6
                      ED
                    RN
                L EA
         I’VE
       T
W HA




  Start with Sushi
  (not meatballs and sundae)
#7
                      ED
                    RN
                L EA
         I’VE
       T
W HA
   “If I can see a little further it is
   by standing in the shoulders of
                giants”
                      ISAAC NEWTON
RY
   MA
SUM




What I’ve Learnt?
Great Products Rule
 Great Products are like Fish
       WHAT IS FISH? NET PROMOTER SCORE

To get results, keep trying it.
  Value by where you Fish
       Start with Sushi
See from Shoulders of Giants
Recommended Reading
  For Building Great Products



HOW    WHAT    WHAT   HOW    WHO   WHAT
WHY    HOW     HOW    WHEN         HOW
WHEN   WHY     WHY                 WHY
       WHERE
       WHEN
Welcome to www.wantlet.com!
Thanks!

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Making Products

  • 1. From Idea to Business Kristian Luoma, Head of Product, CasCard/Wantlet @kluoma
  • 4. Building A-Team Product Management Idea Business Going to Mar ket etting Funding G Partnering
  • 5. #1 ED RN L EA TI’VE W HA No marketing budget saves a bad product! Great products rule
  • 6. What is a great product?
  • 7. “Perfect products are at the right thing, right time, right place .. and right way.” Unknown
  • 8. “Perfect products are at the right thing, right time, right place .. and WHAT WHEN WHERE right way.” WHY
  • 9. WHY WHERE WHEN All 6W’s need to be figured out for perfect products! HOW MUCH HOW WHAT
  • 10. WHY WHERE WHEN Usually, an “Idea” is only 1W HOW MUCH HOW WHAT
  • 11. WHY WHERE WHEN Act of Product Management expands the answer to cover other W’s too HOW MUCH HOW WHAT
  • 12. #2 ED RN L EA I’VE T W HA Great Products are like Fish
  • 13. F Fun & Useful (What?)
  • 15. “If I had asked people what they wanted, they would have said faster horses.” H. Ford
  • 17. “I didn’t create a community, I just organized more elegantly” M. Zuckerberg
  • 18. H Here & Now (When, Where?)
  • 19. “What got you here, won’t take you there” A. Einstein
  • 20. FISH Ok, but why? FISH Ok, it’s simpler, but why? Like 3D T Vn or LBS in ow, FISH Ok, it’s simpler and soulful, but naah. 2000 FISH Great!
  • 21. Yet, Never Forget: For Who? (not everyone loves Fish) uct. ’t make it a bad prod by some, doesn Being hated ts are often h ated. produc In fact, good
  • 22. #3 ED RN L EA I’VE T W HA Is it Fish? “Would you recommend it to your friends, scale 1-10?” NET PROMOTER SCORE
  • 23. #4 ED RN L EA I’VE T W HA To get results, keep trying it.
  • 24. #5 ED RN L EA I’VE T W HA Value by where you Fish
  • 25. #6 ED RN L EA I’VE T W HA Start with Sushi (not meatballs and sundae)
  • 26. #7 ED RN L EA I’VE T W HA “If I can see a little further it is by standing in the shoulders of giants” ISAAC NEWTON
  • 27. RY MA SUM What I’ve Learnt?
  • 28. Great Products Rule Great Products are like Fish WHAT IS FISH? NET PROMOTER SCORE To get results, keep trying it. Value by where you Fish Start with Sushi See from Shoulders of Giants
  • 29. Recommended Reading For Building Great Products HOW WHAT WHAT HOW WHO WHAT WHY HOW HOW WHEN HOW WHEN WHY WHY WHY WHERE WHEN

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