21. FOR (target customer)
WHO (statement of need or opportunity)
THE (product name) IS A (product category)
THAT (key benefit, reason to buy)
UNLIKE (primary competitive alternative)
OUR PRODUCT (statement of primary differentiation)
Find this template at: www.prodpad.com/vision-template
VISION
TEMPLATE
24. SaaS! Increase conversion to paid
! Decrease time to first payment
! Reduce churn
! Average Revenue Per User (ARPU)
! Customer Lifetime Value (LTV)
eCommerce! Conversion rate
! Average order value
! Shopping cart abandonment rate
! New vs returning customers
! Repeat order rate
Editorial
! Page views
! Paywall conversion rate
! Ad Click Through Rates (CTRs)
! Time on site
! Bounce rate
! Article engagement
Generic
! Lead generation
! Cost per acquisition
! Engagement
! Research and Development
! Infrastructure
! Partnerships
! Compliance
! Retention
! Enterprise / Advanced usage
@simplybastow
63. What could
possibly
go wrong?
Made up release dates
Death marches
Mismanaged expectations
Missed market opportunities
Building the wrong things
Sad product managers
#DesignTalks with @simplybastow@simplybastow