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Building a Product
Meraj Faheem
@Merajf
fb.com/merajismeraj
meraj@thehackingschool.com
India’s First Coding Bootcamp
(2014)
World’s fastest and easiest
website builder. (2015)
Patent Pending FX trading tool
(2011)
Product = Business
Idea Validation: Type 2
Examples of most abused
user acquisition models:
● Free rides
● Free food delivery
● Free home services
● Free blah blah blah
Basically, on-demand
business models - popularly
known as ‘Uber for X’ model.
Idea Validation: Type 1
● So basically build nothing
and then try to sell it.
● Set up just a landing page
with your product specs.
See how many it excites.
● Go ahead and build your
product if at least 50
people pay for it.
● Friends, family, relatives,
in-laws - they don’t count.
Building the product
● Decide upon the bare minimum
features that you can ship you
product with.
● Have a product roadmap with
milestones:
○ 1-100 Users: Feature A-C.
○ 101-500 Users: Features C-M
○ 501-999 Users: Features N-Q
● Test the efficiency of the existing
features before adding new.
● Prioritization (Bugs/New Ideas/Big
Ideas)
● Build > Release> Test> Repeat
User Experience:
Build at least ONE
remarkable,
extraordinary feature in
your product that your
customers would want to
come back for, or talk
about it to their friends.
User Experience
● Do not ever think you
can predict the user
behaviour. You just
can’t. No one can.
● Optimize the user
onboarding experience
by simplifying the path.
User Experience: A/B Test
Analytics
● Thumb rule: Do not
launch without
implementing
Analytics*.
● Analytics is the way you’ll
get to know how your user
actually uses your
product.
● Use these insights to
refine, tune up and
optimize your product and
conversions.
*not sure how to implement? Ask me!
Growth.
There is only metric in
this world that’s
important. And that is
your Growth metric.
If your product* needs
a sales guy to explain
people why they
should consider using
it - You’ve already lost.
How many users you
had yesterday? How
many you’ve today?
Tomorrow? You should
be green every day.
Automate
the Hell
out!
User retention is
more important
than User
Acquisition.
*Valid in case of
web/internet
consumer products
Taking the leap
Thank you!!!

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Building a product

  • 1. Building a Product Meraj Faheem @Merajf fb.com/merajismeraj meraj@thehackingschool.com
  • 2. India’s First Coding Bootcamp (2014) World’s fastest and easiest website builder. (2015) Patent Pending FX trading tool (2011)
  • 4. Idea Validation: Type 2 Examples of most abused user acquisition models: ● Free rides ● Free food delivery ● Free home services ● Free blah blah blah Basically, on-demand business models - popularly known as ‘Uber for X’ model.
  • 5. Idea Validation: Type 1 ● So basically build nothing and then try to sell it. ● Set up just a landing page with your product specs. See how many it excites. ● Go ahead and build your product if at least 50 people pay for it. ● Friends, family, relatives, in-laws - they don’t count.
  • 6. Building the product ● Decide upon the bare minimum features that you can ship you product with. ● Have a product roadmap with milestones: ○ 1-100 Users: Feature A-C. ○ 101-500 Users: Features C-M ○ 501-999 Users: Features N-Q ● Test the efficiency of the existing features before adding new. ● Prioritization (Bugs/New Ideas/Big Ideas) ● Build > Release> Test> Repeat
  • 7. User Experience: Build at least ONE remarkable, extraordinary feature in your product that your customers would want to come back for, or talk about it to their friends.
  • 8. User Experience ● Do not ever think you can predict the user behaviour. You just can’t. No one can. ● Optimize the user onboarding experience by simplifying the path.
  • 10. Analytics ● Thumb rule: Do not launch without implementing Analytics*. ● Analytics is the way you’ll get to know how your user actually uses your product. ● Use these insights to refine, tune up and optimize your product and conversions. *not sure how to implement? Ask me!
  • 11. Growth. There is only metric in this world that’s important. And that is your Growth metric. If your product* needs a sales guy to explain people why they should consider using it - You’ve already lost. How many users you had yesterday? How many you’ve today? Tomorrow? You should be green every day. Automate the Hell out! User retention is more important than User Acquisition. *Valid in case of web/internet consumer products