8. What are some key assumptions?
• People like it!
• People want to buy this type of jewelry
• The price is right
• They will buy it at a store
• They will buy it online
• We can produce the product at the right price
• We can get consistent supply
• We can maintain the quality of the product
• Story is compelling reason to purchase product
9. Customer Interviews Best for canvasing early
ideas
Place ad and interview
responders
Landing Pages, Kickstarter Offer product for sale
before it exists
Use mockup of product to
test customer interest
Models and Prototypes Low-investment shop to sell
real products
Test food with food truck
before opening full
restaurant
Concierge Do all the work by hand to
see if solution solves
customer problem
Food on the Table meal
planning
Wizard of Oz Customers think a
computer is doing all the
work but in reality a human
is
Pretend to be fully formed
web app but do backend by
hand
Types of MVPs
What if before spending $1000 on jewelry no one would ever buy we had tested our assumptions first?Could we have saved time, created less waste and had a better to chance to build a successful business?