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Zero to 60 Turning a Good Idea into a Successful Product
 
Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
One Word: Plastics
Why the one word? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Return on Investment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Opportunities/Ideas Better Cheaper Niche New I can do it better I can do it cheaper I can do it for you You never knew you needed it
How big is the opportunity? Total Available Market (TAM) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How big is my slice? Total Available Market (TAM) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Served Available Market (SAM)
Your idea is worthless alone Idea Execution Timing Dumb Luck
MARKETS ,[object Object]
Customer   Development Customer   Development Company Building Customer Discovery Customer Validation Customer Creation Steven Gary Blank, Four Steps to the Ephinany
[object Object],[object Object],[object Object],[object Object],[object Object],Who are your customers?
New Product Conundrum ,[object Object],[object Object],[object Object],[object Object],[object Object]
Three Types of Markets ,[object Object],[object Object],[object Object],Existing Market Resegmented Market New Market
Existing: founded 1938
Competitor founded 1972
Competing in an Existing Market ,[object Object],[object Object],[object Object]
Resegmented
Gap’s new entry
Competing by resegmenting ,[object Object],[object Object]
New Market?
New New Existing Resegmented
New Market ,[object Object],[object Object]
 
John Gourville,  Eager Sellers and Stony Buyers  (2006)
Deadpool
Type of Market Changes Everything ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Existing Market Resegmented Market New Market
Choose your idea From Guy Kawasaki, Art of the Start Ability to provide unique product or service Value to customer compete on price stupid bankrupt The holy grail
WHAT IS YOUR IDEA? ,[object Object],Who are your customers? What is your market? How big is the opportunity?
BUSINESS MODELS ,[object Object]
 
WHAT DO YOU USERS HAVE TO DO? ,[object Object]
Marketplace Model Advertising Model Affiliate Model Community Model Subscription Model
I have always been a woman who arranges things, for the pleasure–and the profit–it derives. I have always been a woman who arranges things,  like furniture and daffodils and lives. Marketplaces bring buyers and sellers together and facilitate transactions.  They can play a role in business-to-business (B2B), business-to-consumer (B2C), or consumer-to-consumer (C2C) markets. Usually a marketplace charges a fee or commission for each transaction it enables.
 
I’ll go where the buyers are I want to find things! I want the best price! Can I trust this seller? Users must find products, evaluate seller, and make a purchase
Advertising Model The web advertising model is an update of the one we’re familiar with from broadcast TV. The web “broadcaster” provides content and services (like email, IM, blogs) mixed with advertising messages.  The advertising model works best when the volume of viewer traffic is large or highly specialized.
 
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Community Model The viability of the community model is based on user loyalty.  Revenue can be based on the sale of ancillary products and services or voluntary contributions; or revenue may be tied to contextual advertising and subscriptions for premium services. The Internet is inherently suited to community business models and today this is one of the more fertile areas of development, as seen in rise of social networking.  Open Source  Red Hat ,  OpenX Open Content  Wikipedia ,  Freebase
 
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Subscription Model Users are charged a periodic—daily, monthly or annual—fee to subscribe to a service. It is not uncommon for sites to combine free content with “premium” (i.e., subscriber- or member-only) content. Subscription fees are incurred irrespective of actual usage rates. Subscription and advertising models are frequently combined .  Content Services Software as a Service Internet Services Providers
 
[object Object],[object Object],[object Object],[object Object]
Combos Advertising Community
Combos Advertising Community Subscription
Combos Marketplace Community Affiliate
Prioritize and Sequence ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1, 2, 3
HOW DO YOU MAKE MONEY? ,[object Object],Marketplace Model Advertising Model Affiliate Model Community Model Subscription Model
FEATURES ,[object Object]
The AOF Method ,[object Object],[object Object],[object Object],Courtesy of Joshua Porter. Check out bokardo.com!
 
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
2. Identifying your Social Objects
 
What are Social Objects? ,[object Object],[object Object],[object Object],[object Object]
3. Choosing your Features
 
LET THE CUSTOMERS CHOOSE ,[object Object]
Customer   Development Customer   Development Company Building Customer Discovery Customer Validation Customer Creation Steven Gary Blank, Four Steps to the Ephinany
 
Voice of the customer Interview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],SyncDev http://www.productdevelopment.com/
Potential Roadmap ,[object Object],[object Object],Capability Soon  Later  Much Later What would you move? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pricing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Designing pricing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Software Pricing Models ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pricing drives customer behavior ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
WHERE ARE THE USERS? ,[object Object]
Why ,[object Object]
Charter Clients
SEO & SEM
SEO SEM
Private Betas ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],Distribution Exercise
10 Questions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Marty Cagen  http://www.svpg.com/blog/files/assessing_product_opportunities.html
Questions? @cwodtke [email_address]
appendix
Return on Investment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
About Business Things you should know to have a conversation
Profit and Loss
Investment vs. expense Location    Location    Location
The Fish Market Stock Location Advertising Differentiation Diversifying Pricing
Got Metrics? Do you know what matters?
Web Experience Metrics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Return on Investment for Usable User-Interface Design , Aaron Marcus
User Experience Also Influences… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What market are you in? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Why the one word? ,[object Object],[object Object],[object Object],[object Object],[object Object]
 
 
Business creates value for which they receive money Money allows them the resources to provide value
 
Everything You Need to Know About ROI (in one slide) ROI Return Investment

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Turning Good Ideas into Great Products

  • 1. Zero to 60 Turning a Good Idea into a Successful Product
  • 2.  
  • 3.
  • 5.
  • 6.
  • 7. Types of Opportunities/Ideas Better Cheaper Niche New I can do it better I can do it cheaper I can do it for you You never knew you needed it
  • 8.
  • 9.
  • 10. Your idea is worthless alone Idea Execution Timing Dumb Luck
  • 11.
  • 12. Customer Development Customer Development Company Building Customer Discovery Customer Validation Customer Creation Steven Gary Blank, Four Steps to the Ephinany
  • 13.
  • 14.
  • 15.
  • 18.
  • 21.
  • 23. New New Existing Resegmented
  • 24.
  • 25.  
  • 26. John Gourville,  Eager Sellers and Stony Buyers  (2006)
  • 28.
  • 29. Choose your idea From Guy Kawasaki, Art of the Start Ability to provide unique product or service Value to customer compete on price stupid bankrupt The holy grail
  • 30.
  • 31.
  • 32.  
  • 33.
  • 34. Marketplace Model Advertising Model Affiliate Model Community Model Subscription Model
  • 35. I have always been a woman who arranges things, for the pleasure–and the profit–it derives. I have always been a woman who arranges things, like furniture and daffodils and lives. Marketplaces bring buyers and sellers together and facilitate transactions. They can play a role in business-to-business (B2B), business-to-consumer (B2C), or consumer-to-consumer (C2C) markets. Usually a marketplace charges a fee or commission for each transaction it enables.
  • 36.  
  • 37. I’ll go where the buyers are I want to find things! I want the best price! Can I trust this seller? Users must find products, evaluate seller, and make a purchase
  • 38. Advertising Model The web advertising model is an update of the one we’re familiar with from broadcast TV. The web “broadcaster” provides content and services (like email, IM, blogs) mixed with advertising messages. The advertising model works best when the volume of viewer traffic is large or highly specialized.
  • 39.  
  • 40.
  • 41. Community Model The viability of the community model is based on user loyalty. Revenue can be based on the sale of ancillary products and services or voluntary contributions; or revenue may be tied to contextual advertising and subscriptions for premium services. The Internet is inherently suited to community business models and today this is one of the more fertile areas of development, as seen in rise of social networking. Open Source Red Hat , OpenX Open Content Wikipedia , Freebase
  • 42.  
  • 43.
  • 44. Subscription Model Users are charged a periodic—daily, monthly or annual—fee to subscribe to a service. It is not uncommon for sites to combine free content with “premium” (i.e., subscriber- or member-only) content. Subscription fees are incurred irrespective of actual usage rates. Subscription and advertising models are frequently combined . Content Services Software as a Service Internet Services Providers
  • 45.  
  • 46.
  • 50.
  • 51.
  • 52.
  • 53.
  • 54.  
  • 55.
  • 56.  
  • 57. 2. Identifying your Social Objects
  • 58.  
  • 59.
  • 60. 3. Choosing your Features
  • 61.  
  • 62.
  • 63. Customer Development Customer Development Company Building Customer Discovery Customer Validation Customer Creation Steven Gary Blank, Four Steps to the Ephinany
  • 64.  
  • 65.
  • 66.
  • 67.
  • 68.
  • 69.
  • 70.
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  • 76.
  • 77.
  • 78.
  • 81.
  • 82. About Business Things you should know to have a conversation
  • 84. Investment vs. expense Location Location Location
  • 85. The Fish Market Stock Location Advertising Differentiation Diversifying Pricing
  • 86. Got Metrics? Do you know what matters?
  • 87.
  • 88.
  • 89.
  • 90.
  • 91.  
  • 92.  
  • 93. Business creates value for which they receive money Money allows them the resources to provide value
  • 94.  
  • 95. Everything You Need to Know About ROI (in one slide) ROI Return Investment