Customer Development Model
Business Case
Madiha Nasrullah
Muhammad Mustafa
March, 2018
About Us
Madiha Nasrullah
• MBA Grad’16
• Fulbright Scholar
• 4+ years of professional
experience in marketing,
consulting, strategy and
start-up business
Muhammad Mustafa
• MBA Grad’15, MSc ‘19
• 6+ years of professional
experience in telecom
engineering, technology,
innovation development,
and e-commerce
Story of Nazdeeq
Enabling cross border e-commerce by solving 3 problems: international payments,
international shipping and customs clearance.
Customer Discovery
● Does this problem really exist, or is it just in your head?
Customer Discovery - The ‘Go-Ahead’ Answer
Online Shopping? Frequency of Online Shopping?
Customer Discovery - The ‘Go-Ahead’ Answer
Concept Likability? Usage Interest?
Customer Discovery - Demographics
Customer Discovery - Payments/Supply Chain
Customer Discovery
Customer Discovery - Pricing
Customer Discovery - Conclusion
- Pricing 10% of the item price
- Supply 10-14 business days
- Advance Payments
- Customer Service
- Cash is going to be value proposition
Customer Discovery - Conclusion
Who is the customer
Ages: 25 - 35 years
Cities: KLI
Psychographics: Undergrads, Professionals, Lifestyle (sports, enthusiasts,
parents)
Customer Validation
Customer Validation
Customer Validation - Demographics
Customer Validation - Pricing
Item Price + Additional%?
Customer Validation - Payments & Supply Chain
- 10-14 business days.
- People comfortable paying in advance/debit car to be integrated soon
Customer Discovery Vs. Validation
Customer segmentation:
- Variety
- Authenticity
- Looking for something cheaper
Cities: Nationwide (not KLI anymore)
Facebook Lookalikes: 470,000
WORKSHOP TIME!
25 mins
Customer Creation - Branding
Type of the market
1. Entering an existing market
2. Entering as a low cost entrant
3. Entering as a niche player
4. Entering a totally new market
Do you know where Nazdeeq belongs?
Market Positioning
Question asked to target market: What market lacks?
- Price transparency
- Convenience
- Customer Support
- Technology
Competitive Advantage
Synchronize Product & Customer Development
- Product development is a market driven process
- Great products are designed by customers
Product Development Models
Branding: What is the first thing come to mind
when mentioning Nazdeeq
Colors, shape, taste, sound, action
How customers perceived Nazdeeq:
1. Transparency
2. Simplicity
3. Friendly
4. Creativity
5. Responsibility
Nazdeeq logo, color code, & theme
Deciding on front page
Final Design
A new design to be implemented very soon
How customer is involved in Products Dev.
A/B Testing
Heat Maps
Behavior Observation
Focus Groups
Interviews
Direct Commenting
Ideal Customer Experience
Website Experience
• Start-to-end buying
process for the
customer is a 3 click
experience:
1. Press enter once the
product name is entered
2. Click on the item
he/she wants to buy
3. Proceed to checkout
• The customer finds this
process uncomplicated
and easy to understand
Purchase Point
• The customer finds the
final quote on our
website a great value for
money
• Finds the delivery time
reasonable
• Any questions regarding
the payment and the
shipping is answered by
the customer service
timely, politely and
nicely.
Product Receiving
• Customer is happy with
the product received
because:
1. It was delivered on
time
2. The product received
is of good quality and
exactly what the
customer had ordered
3. The product usage
experience is mostly like
what the reviews
suggest on Amazon
Product Launch
Go-to-Marketing Strategy
- STP: Segmentation, Targeting, and positioning
- Tactical Marketing Plan:
- Product Features
- Promotion
- Price
- Sales Channels
- Service
Marketing Channels
Marketing Plan
Customer related KPIs
- Number of Orders
- Transaction Value per customer
- Customer Acquisition Cost
- Customer Lifetime Value
- Monthly Recurring Revenue
- Customer retention rate
- Cart abandoned ratio
- Customer satisfaction level
Company Building
Move from a tested product to creating a
company
- Mainstream customers
- Manage Sales
- Review Management and build centric culture
- Set department mission Statement, roles, and structure
- Create company and leadership culture
Thank You!

Customer development model

  • 1.
    Customer Development Model BusinessCase Madiha Nasrullah Muhammad Mustafa March, 2018
  • 2.
    About Us Madiha Nasrullah •MBA Grad’16 • Fulbright Scholar • 4+ years of professional experience in marketing, consulting, strategy and start-up business Muhammad Mustafa • MBA Grad’15, MSc ‘19 • 6+ years of professional experience in telecom engineering, technology, innovation development, and e-commerce
  • 4.
    Story of Nazdeeq Enablingcross border e-commerce by solving 3 problems: international payments, international shipping and customs clearance.
  • 5.
    Customer Discovery ● Doesthis problem really exist, or is it just in your head?
  • 6.
    Customer Discovery -The ‘Go-Ahead’ Answer Online Shopping? Frequency of Online Shopping?
  • 7.
    Customer Discovery -The ‘Go-Ahead’ Answer Concept Likability? Usage Interest?
  • 8.
  • 9.
    Customer Discovery -Payments/Supply Chain
  • 10.
  • 11.
  • 12.
    Customer Discovery -Conclusion - Pricing 10% of the item price - Supply 10-14 business days - Advance Payments - Customer Service - Cash is going to be value proposition
  • 13.
    Customer Discovery -Conclusion Who is the customer Ages: 25 - 35 years Cities: KLI Psychographics: Undergrads, Professionals, Lifestyle (sports, enthusiasts, parents)
  • 14.
  • 15.
  • 16.
  • 17.
    Customer Validation -Pricing Item Price + Additional%?
  • 18.
    Customer Validation -Payments & Supply Chain - 10-14 business days. - People comfortable paying in advance/debit car to be integrated soon
  • 19.
    Customer Discovery Vs.Validation Customer segmentation: - Variety - Authenticity - Looking for something cheaper Cities: Nationwide (not KLI anymore) Facebook Lookalikes: 470,000
  • 20.
  • 21.
  • 22.
    Type of themarket 1. Entering an existing market 2. Entering as a low cost entrant 3. Entering as a niche player 4. Entering a totally new market Do you know where Nazdeeq belongs?
  • 23.
    Market Positioning Question askedto target market: What market lacks? - Price transparency - Convenience - Customer Support - Technology
  • 24.
  • 25.
    Synchronize Product &Customer Development - Product development is a market driven process - Great products are designed by customers
  • 26.
  • 27.
    Branding: What isthe first thing come to mind when mentioning Nazdeeq Colors, shape, taste, sound, action How customers perceived Nazdeeq: 1. Transparency 2. Simplicity 3. Friendly 4. Creativity 5. Responsibility
  • 28.
    Nazdeeq logo, colorcode, & theme
  • 29.
  • 30.
  • 31.
    A new designto be implemented very soon
  • 32.
    How customer isinvolved in Products Dev. A/B Testing Heat Maps Behavior Observation Focus Groups Interviews Direct Commenting
  • 33.
    Ideal Customer Experience WebsiteExperience • Start-to-end buying process for the customer is a 3 click experience: 1. Press enter once the product name is entered 2. Click on the item he/she wants to buy 3. Proceed to checkout • The customer finds this process uncomplicated and easy to understand Purchase Point • The customer finds the final quote on our website a great value for money • Finds the delivery time reasonable • Any questions regarding the payment and the shipping is answered by the customer service timely, politely and nicely. Product Receiving • Customer is happy with the product received because: 1. It was delivered on time 2. The product received is of good quality and exactly what the customer had ordered 3. The product usage experience is mostly like what the reviews suggest on Amazon
  • 34.
  • 35.
    Go-to-Marketing Strategy - STP:Segmentation, Targeting, and positioning - Tactical Marketing Plan: - Product Features - Promotion - Price - Sales Channels - Service
  • 36.
  • 37.
  • 38.
    Customer related KPIs -Number of Orders - Transaction Value per customer - Customer Acquisition Cost - Customer Lifetime Value - Monthly Recurring Revenue - Customer retention rate - Cart abandoned ratio - Customer satisfaction level
  • 39.
  • 40.
    Move from atested product to creating a company - Mainstream customers - Manage Sales - Review Management and build centric culture - Set department mission Statement, roles, and structure - Create company and leadership culture
  • 41.