SlideShare ist ein Scribd-Unternehmen logo
1 von 14
Downloaden Sie, um offline zu lesen
Home Appliance Alerts

Product Description & Market Size

Product Development

Customer Development Experiments

Conclusions
Smart Shopper – Home Appliance Alert



         Product Description
For Canadian shoppers looking for home appliances
who don't have time to read newspaper flyers every week,
the "Home Appliance Alert" service is an online service
that reviews weekly flyers from local stores and
sends you information about appliance sales and promotions.

It saves you time!
It saves you money!
It removes the hassle of watching out for home appliance deals!

Let the “Home Appliance Alert” service start working for you today!
Smart Shopper – Home Appliance Alert



  OAP Business Idea
  Target Location: Canada
  Demographics: Males and Females, 20-34
  Target Population: 6.3 Million (Statistics Canada)
  Estimated target population looking for appliances: 315,000 (5% of total population)
  Estimated customers: 15,750 (5% of appliance shoppers aged 20-34 in Canada)
  Pricing of service: $5 for 3 month subscription
  Target Revenue = $5 x 4 (quarters in a year) x 1,000 (customers) = $315,000 annual sales




OAP Results:        6 out of 16 people would pay $5 or more for a
                    home appliance flyer alert service
Smart Shopper – Home Appliance Alert



    Product Development


Built standalone WordPress website (see following screenshots)
Smart Shopper – Home Appliance Alert




Customer Development Experiments
Channels: Survey Monkey, Kijiji, Craig's List, UsedOttawa.com

   a) Survey Monkey: Home Appliance Shopping Experience
        http://www.surveymonkey.com/s/YHV8Z3B

        - 9 Responses

        - 78% Planned purchases [value proposition support]
        - 22% Used weekly flyers [weak value proposition support]
        - 88.9% Believe price is imporant [value proposition support]
        - Gained better understanding of home appliance purchase behaviour


   b) Online Classified ads: Kijiji, Craig's List, UsedOttawa.com

        - 57 Views
        - 0 Responses
Smart Shopper – Home Appliance Alert



         Conclusions: Do Not Proceed!
1) Value Proposition
    - Survey evidence of support, but more proof required

2) Customers
    - No customers yet; continue customer development experiments

3) Channels
    - Web Channels working, but need to move in-person engagement

4) Key Resources:
    - Team started at four and ended up with two active; Must revisit
    - Strong working relationship is developing (Canada & Australia)


“Get Out Of The Building!” - More Experiments!
Smart Shopper – Home Appliance Alert




              Backup – Survey Questions
                   (9 Responses)
1. Why did you purchase your last home appliance?
     16.7%      Moved into new home
     33.3%      Replaced last appliance because it broke
     0%         Replaced last appliance because it was not energy efficient
     50%        Replaced last appliance because it was too old
     Other (please specify) 1)Kitchen Renovations, 2) Needed extra one, 3) Did not have one

2. Was your last home appliance purchase a planned event or was it an emergency replacement?
     77.8%       Planned
     22.2%       Emergency Replacement

3. What research did you do before purchasing your last home appliance?
     11.1%      Read Consumer Reports
     0%         Friends & Family
     33.3%      Online search (e.g. Google)
     55.6%      Visited local stores and talked to sales people
     22.2%      Looked at weekly flyers
     0%         Used Government Resources (eg. Energuide Canada)
     11.1%      None, did not do any research
                Other (please specify)
Smart Shopper – Home Appliance Alert




Backup – Survey Questions/Results
4. If you researched your purchase online, where do you get your information?
40% Google                              0% YouTube
0% Bing                                 60% Retailer Website
0% Yahoo                                40% Manufacturer Website
0% Facebook                             20% Shopping Deals Website
0% Twitter                                   Other (please specify)
0% Blogs                                          consumersearch.com
0% Kijiji

5. What factors do you feel are most important for your home appliance purchase?
88.9%      Price
11.1%      Financing
22.2%      Clearance and/or Special Deals
44.4%      Physical Size (i.e. fits into existing space)
55.6%      Brand
66.7%      Quality
77.8%      Product Features
11.1%      Product/Retailer Warranties
44.4%      Delivery, Installation & Disposal Costs
           Other (please specify)
Smart Shopper – Home Appliance Alert




              Backup – Survey Questions/Results
6. Did you need help from others to support your last home appliance purchase?
      55.6%      Yes, for delivery
      55.6%      Yes, for installation
      66.7%      Yes, for disposal of old appliance
      22.2%      No

7. If yes in previous question, who helped you?
       12.5%       Unpaid, Friends and Family
       12.5%       Unpaid, Retailer
       75%         Paid, Retailer
       0%          Paid, Third party service person (e.g. moving/disposal comapny, plumber, electrician, etc.)
       0%          Other (please specify)

8. For Canadian home appliance shoppers, from which retailers would you consider purchasing a home appliance?
      50%       Future Shop         25%        Local Home Appliance Store
      50%       Home Depot          33%        Other (please specify)
      0%        Leon's                                Corbeil (local Ottawa retailer)
      0%        Lowes
      62.5%     Sears
      12.5%     The Brick
      12.5%     Not Applicable
Smart Shopper – Home Appliance Alert




         Backup – Survey Questions/Results
9. Do you need a home appliance now or will you need one in the next three months?
     0%         Yes
     100%       No


10. If yes in the previous question, are you interested in paying $5 to receive assistance on your purchase?
       14.3%       Yes - Please send an email to dbmackey@modshopper.com
       28.6%       No
       57.1%       Not Applicable
Smart Shopper – Home Appliance Alert



                    Backup – Classified Ads
Home Appliance Shopping Service

Are you tired of searching Kijiji and flyers looking for the best deal on your new home appliance?
If yes, I can help. I'd love to save you time and money by becoming your personal home appliance
shopping assistant.

The cost is only a small fee of $4.99. I promise to give you your money back if you're not satisfied
with my service.

Let me help you find the right appliance at the right price. Please contact me to get started today



Kijiji Views                 = 38

UsedOttawa.com Views         = 19

Craig's List                 = ?? (no on-site tracking metrics)

Total Responses              =0

Weitere ähnliche Inhalte

Ähnlich wie Oep presentation

Customer Care Automation: How to convert one-time purchasers into lifetime cu...
Customer Care Automation: How to convert one-time purchasers into lifetime cu...Customer Care Automation: How to convert one-time purchasers into lifetime cu...
Customer Care Automation: How to convert one-time purchasers into lifetime cu...Luke Starbuck
 
6 Secrets to Omnichannel and Digital Success
6 Secrets to Omnichannel and Digital Success6 Secrets to Omnichannel and Digital Success
6 Secrets to Omnichannel and Digital SuccessApplause
 
Homation PitchDeck (pre-deed, April 2024)
Homation PitchDeck (pre-deed, April 2024)Homation PitchDeck (pre-deed, April 2024)
Homation PitchDeck (pre-deed, April 2024)Mike Avdeev
 
2018 Global Ecommerce Study - Summary Report
2018 Global Ecommerce Study - Summary Report2018 Global Ecommerce Study - Summary Report
2018 Global Ecommerce Study - Summary ReportPitney Bowes
 
Consumer Behavior Grocery Store Analysis
Consumer Behavior Grocery Store AnalysisConsumer Behavior Grocery Store Analysis
Consumer Behavior Grocery Store AnalysisJoseph Avellino
 
Friend, Foe or Frenemy: Unpacking Online Shopping
Friend, Foe or Frenemy: Unpacking Online ShoppingFriend, Foe or Frenemy: Unpacking Online Shopping
Friend, Foe or Frenemy: Unpacking Online ShoppingNumerator
 
Holly Jolly Holiday Retention Strategies
Holly Jolly Holiday Retention StrategiesHolly Jolly Holiday Retention Strategies
Holly Jolly Holiday Retention StrategiesWhatConts
 
AmazonNow Suggestions
AmazonNow SuggestionsAmazonNow Suggestions
AmazonNow SuggestionsMelody Ucros
 
How brick and mortar can leverage the mobile future
How brick and mortar can leverage the mobile futureHow brick and mortar can leverage the mobile future
How brick and mortar can leverage the mobile futureMasha Geller
 
Cashing in on mobile commerce
Cashing in on mobile commerceCashing in on mobile commerce
Cashing in on mobile commerceBigCommerce
 
Homation PitchDeck
Homation PitchDeckHomation PitchDeck
Homation PitchDeckMike Avdeev
 
Retailers and Suppliers are Re-Tooling in Technology
Retailers and Suppliers are Re-Tooling in TechnologyRetailers and Suppliers are Re-Tooling in Technology
Retailers and Suppliers are Re-Tooling in TechnologySPI Conference
 
The Future of Consumer Research
The Future of Consumer ResearchThe Future of Consumer Research
The Future of Consumer ResearchPotloc
 
Slides for the day-long Lean Analytics workshop at the 2014 Lean Startup conf...
Slides for the day-long Lean Analytics workshop at the 2014 Lean Startup conf...Slides for the day-long Lean Analytics workshop at the 2014 Lean Startup conf...
Slides for the day-long Lean Analytics workshop at the 2014 Lean Startup conf...Lean Analytics
 
Startup Metrics: The Data That Will Make or Break Your Business by Alistair C...
Startup Metrics: The Data That Will Make or Break Your Business by Alistair C...Startup Metrics: The Data That Will Make or Break Your Business by Alistair C...
Startup Metrics: The Data That Will Make or Break Your Business by Alistair C...Lean Startup Co.
 
Digital Signage for Supermarkets
Digital Signage for SupermarketsDigital Signage for Supermarkets
Digital Signage for Supermarketsjlukens
 

Ähnlich wie Oep presentation (20)

Final Presentation.pptx
Final Presentation.pptxFinal Presentation.pptx
Final Presentation.pptx
 
Customer Care Automation: How to convert one-time purchasers into lifetime cu...
Customer Care Automation: How to convert one-time purchasers into lifetime cu...Customer Care Automation: How to convert one-time purchasers into lifetime cu...
Customer Care Automation: How to convert one-time purchasers into lifetime cu...
 
6 Secrets to Omnichannel and Digital Success
6 Secrets to Omnichannel and Digital Success6 Secrets to Omnichannel and Digital Success
6 Secrets to Omnichannel and Digital Success
 
Homation PitchDeck (pre-deed, April 2024)
Homation PitchDeck (pre-deed, April 2024)Homation PitchDeck (pre-deed, April 2024)
Homation PitchDeck (pre-deed, April 2024)
 
2018 Global Ecommerce Study - Summary Report
2018 Global Ecommerce Study - Summary Report2018 Global Ecommerce Study - Summary Report
2018 Global Ecommerce Study - Summary Report
 
Consumer Behavior Grocery Store Analysis
Consumer Behavior Grocery Store AnalysisConsumer Behavior Grocery Store Analysis
Consumer Behavior Grocery Store Analysis
 
Friend, Foe or Frenemy: Unpacking Online Shopping
Friend, Foe or Frenemy: Unpacking Online ShoppingFriend, Foe or Frenemy: Unpacking Online Shopping
Friend, Foe or Frenemy: Unpacking Online Shopping
 
Holly Jolly Holiday Retention Strategies
Holly Jolly Holiday Retention StrategiesHolly Jolly Holiday Retention Strategies
Holly Jolly Holiday Retention Strategies
 
Woofy Berkeley 2015
Woofy Berkeley 2015Woofy Berkeley 2015
Woofy Berkeley 2015
 
AmazonNow Suggestions
AmazonNow SuggestionsAmazonNow Suggestions
AmazonNow Suggestions
 
Mobile phone shopping diaries
Mobile phone shopping diariesMobile phone shopping diaries
Mobile phone shopping diaries
 
How brick and mortar can leverage the mobile future
How brick and mortar can leverage the mobile futureHow brick and mortar can leverage the mobile future
How brick and mortar can leverage the mobile future
 
Cashing in on mobile commerce
Cashing in on mobile commerceCashing in on mobile commerce
Cashing in on mobile commerce
 
Homation PitchDeck
Homation PitchDeckHomation PitchDeck
Homation PitchDeck
 
Retailers and Suppliers are Re-Tooling in Technology
Retailers and Suppliers are Re-Tooling in TechnologyRetailers and Suppliers are Re-Tooling in Technology
Retailers and Suppliers are Re-Tooling in Technology
 
The Future of Consumer Research
The Future of Consumer ResearchThe Future of Consumer Research
The Future of Consumer Research
 
Slides for the day-long Lean Analytics workshop at the 2014 Lean Startup conf...
Slides for the day-long Lean Analytics workshop at the 2014 Lean Startup conf...Slides for the day-long Lean Analytics workshop at the 2014 Lean Startup conf...
Slides for the day-long Lean Analytics workshop at the 2014 Lean Startup conf...
 
Startup Metrics: The Data That Will Make or Break Your Business by Alistair C...
Startup Metrics: The Data That Will Make or Break Your Business by Alistair C...Startup Metrics: The Data That Will Make or Break Your Business by Alistair C...
Startup Metrics: The Data That Will Make or Break Your Business by Alistair C...
 
Digital Signage for Supermarkets
Digital Signage for SupermarketsDigital Signage for Supermarkets
Digital Signage for Supermarkets
 
CTA's 24th Annual Holiday Outlook
CTA's 24th Annual Holiday OutlookCTA's 24th Annual Holiday Outlook
CTA's 24th Annual Holiday Outlook
 

Mehr von David Mackey

Digital marketing with wp nov 2019
Digital marketing with wp   nov 2019Digital marketing with wp   nov 2019
Digital marketing with wp nov 2019David Mackey
 
A (very) Brief History of the Computer
A (very) Brief History of the ComputerA (very) Brief History of the Computer
A (very) Brief History of the ComputerDavid Mackey
 
How to Start a Community with BuddyPress
How to Start a Community with BuddyPressHow to Start a Community with BuddyPress
How to Start a Community with BuddyPressDavid Mackey
 
How To Start a Community with BuddyPress
How To Start a Community with BuddyPressHow To Start a Community with BuddyPress
How To Start a Community with BuddyPressDavid Mackey
 
Yoast SEO on WordPress - Nov 2016
Yoast SEO on WordPress -  Nov 2016Yoast SEO on WordPress -  Nov 2016
Yoast SEO on WordPress - Nov 2016David Mackey
 
Yoast SEO WordPress Plugin
Yoast SEO WordPress PluginYoast SEO WordPress Plugin
Yoast SEO WordPress PluginDavid Mackey
 
CIRA for Entrepreneurs
CIRA for EntrepreneursCIRA for Entrepreneurs
CIRA for EntrepreneursDavid Mackey
 
Digital Marketing with WordPress
Digital Marketing with WordPressDigital Marketing with WordPress
Digital Marketing with WordPressDavid Mackey
 
Purchase Funnel Design
Purchase Funnel DesignPurchase Funnel Design
Purchase Funnel DesignDavid Mackey
 

Mehr von David Mackey (9)

Digital marketing with wp nov 2019
Digital marketing with wp   nov 2019Digital marketing with wp   nov 2019
Digital marketing with wp nov 2019
 
A (very) Brief History of the Computer
A (very) Brief History of the ComputerA (very) Brief History of the Computer
A (very) Brief History of the Computer
 
How to Start a Community with BuddyPress
How to Start a Community with BuddyPressHow to Start a Community with BuddyPress
How to Start a Community with BuddyPress
 
How To Start a Community with BuddyPress
How To Start a Community with BuddyPressHow To Start a Community with BuddyPress
How To Start a Community with BuddyPress
 
Yoast SEO on WordPress - Nov 2016
Yoast SEO on WordPress -  Nov 2016Yoast SEO on WordPress -  Nov 2016
Yoast SEO on WordPress - Nov 2016
 
Yoast SEO WordPress Plugin
Yoast SEO WordPress PluginYoast SEO WordPress Plugin
Yoast SEO WordPress Plugin
 
CIRA for Entrepreneurs
CIRA for EntrepreneursCIRA for Entrepreneurs
CIRA for Entrepreneurs
 
Digital Marketing with WordPress
Digital Marketing with WordPressDigital Marketing with WordPress
Digital Marketing with WordPress
 
Purchase Funnel Design
Purchase Funnel DesignPurchase Funnel Design
Purchase Funnel Design
 

Oep presentation

  • 1. Home Appliance Alerts Product Description & Market Size Product Development Customer Development Experiments Conclusions
  • 2. Smart Shopper – Home Appliance Alert Product Description For Canadian shoppers looking for home appliances who don't have time to read newspaper flyers every week, the "Home Appliance Alert" service is an online service that reviews weekly flyers from local stores and sends you information about appliance sales and promotions. It saves you time! It saves you money! It removes the hassle of watching out for home appliance deals! Let the “Home Appliance Alert” service start working for you today!
  • 3. Smart Shopper – Home Appliance Alert OAP Business Idea Target Location: Canada Demographics: Males and Females, 20-34 Target Population: 6.3 Million (Statistics Canada) Estimated target population looking for appliances: 315,000 (5% of total population) Estimated customers: 15,750 (5% of appliance shoppers aged 20-34 in Canada) Pricing of service: $5 for 3 month subscription Target Revenue = $5 x 4 (quarters in a year) x 1,000 (customers) = $315,000 annual sales OAP Results: 6 out of 16 people would pay $5 or more for a home appliance flyer alert service
  • 4. Smart Shopper – Home Appliance Alert Product Development Built standalone WordPress website (see following screenshots)
  • 5.
  • 6.
  • 7.
  • 8. Smart Shopper – Home Appliance Alert Customer Development Experiments Channels: Survey Monkey, Kijiji, Craig's List, UsedOttawa.com a) Survey Monkey: Home Appliance Shopping Experience http://www.surveymonkey.com/s/YHV8Z3B - 9 Responses - 78% Planned purchases [value proposition support] - 22% Used weekly flyers [weak value proposition support] - 88.9% Believe price is imporant [value proposition support] - Gained better understanding of home appliance purchase behaviour b) Online Classified ads: Kijiji, Craig's List, UsedOttawa.com - 57 Views - 0 Responses
  • 9. Smart Shopper – Home Appliance Alert Conclusions: Do Not Proceed! 1) Value Proposition - Survey evidence of support, but more proof required 2) Customers - No customers yet; continue customer development experiments 3) Channels - Web Channels working, but need to move in-person engagement 4) Key Resources: - Team started at four and ended up with two active; Must revisit - Strong working relationship is developing (Canada & Australia) “Get Out Of The Building!” - More Experiments!
  • 10. Smart Shopper – Home Appliance Alert Backup – Survey Questions (9 Responses) 1. Why did you purchase your last home appliance? 16.7% Moved into new home 33.3% Replaced last appliance because it broke 0% Replaced last appliance because it was not energy efficient 50% Replaced last appliance because it was too old Other (please specify) 1)Kitchen Renovations, 2) Needed extra one, 3) Did not have one 2. Was your last home appliance purchase a planned event or was it an emergency replacement? 77.8% Planned 22.2% Emergency Replacement 3. What research did you do before purchasing your last home appliance? 11.1% Read Consumer Reports 0% Friends & Family 33.3% Online search (e.g. Google) 55.6% Visited local stores and talked to sales people 22.2% Looked at weekly flyers 0% Used Government Resources (eg. Energuide Canada) 11.1% None, did not do any research Other (please specify)
  • 11. Smart Shopper – Home Appliance Alert Backup – Survey Questions/Results 4. If you researched your purchase online, where do you get your information? 40% Google 0% YouTube 0% Bing 60% Retailer Website 0% Yahoo 40% Manufacturer Website 0% Facebook 20% Shopping Deals Website 0% Twitter Other (please specify) 0% Blogs consumersearch.com 0% Kijiji 5. What factors do you feel are most important for your home appliance purchase? 88.9% Price 11.1% Financing 22.2% Clearance and/or Special Deals 44.4% Physical Size (i.e. fits into existing space) 55.6% Brand 66.7% Quality 77.8% Product Features 11.1% Product/Retailer Warranties 44.4% Delivery, Installation & Disposal Costs Other (please specify)
  • 12. Smart Shopper – Home Appliance Alert Backup – Survey Questions/Results 6. Did you need help from others to support your last home appliance purchase? 55.6% Yes, for delivery 55.6% Yes, for installation 66.7% Yes, for disposal of old appliance 22.2% No 7. If yes in previous question, who helped you? 12.5% Unpaid, Friends and Family 12.5% Unpaid, Retailer 75% Paid, Retailer 0% Paid, Third party service person (e.g. moving/disposal comapny, plumber, electrician, etc.) 0% Other (please specify) 8. For Canadian home appliance shoppers, from which retailers would you consider purchasing a home appliance? 50% Future Shop 25% Local Home Appliance Store 50% Home Depot 33% Other (please specify) 0% Leon's Corbeil (local Ottawa retailer) 0% Lowes 62.5% Sears 12.5% The Brick 12.5% Not Applicable
  • 13. Smart Shopper – Home Appliance Alert Backup – Survey Questions/Results 9. Do you need a home appliance now or will you need one in the next three months? 0% Yes 100% No 10. If yes in the previous question, are you interested in paying $5 to receive assistance on your purchase? 14.3% Yes - Please send an email to dbmackey@modshopper.com 28.6% No 57.1% Not Applicable
  • 14. Smart Shopper – Home Appliance Alert Backup – Classified Ads Home Appliance Shopping Service Are you tired of searching Kijiji and flyers looking for the best deal on your new home appliance? If yes, I can help. I'd love to save you time and money by becoming your personal home appliance shopping assistant. The cost is only a small fee of $4.99. I promise to give you your money back if you're not satisfied with my service. Let me help you find the right appliance at the right price. Please contact me to get started today Kijiji Views = 38 UsedOttawa.com Views = 19 Craig's List = ?? (no on-site tracking metrics) Total Responses =0