2. When to do a Customer/Market Validation?
Preferably as soon as you have the idea and before
developing a product or service
If a product or service is already launched and sales
are not what you expected then NOW, before hiring a
new team, re-launching or re-developing the product
3. Customer and Market Validation
A discovery process to understand:
what’s valuable to the customer
create a Go-To-Market strategy
prove a profitable, sustainable
business model as quickly as
4. What does it answer?
What problem/s we are setting out to solve?
What’s their scale and importance - is the
solution a ‘must have’ or merely ‘important’?
How to find customers?
What positioning resonates best?
Who will buy and how will they buy?
How much will they pay to solve their problem?
How can you create a scalable business?
5. How’s it done?
5 Stage Process:
Review of existing planning, strategy, research
Process Preparation meetings – brainstorming to
extract and evaluate hypotheses, qualify opportunities
based on compelling business criteria
Pre-screening interviews and recruiting -
screening of targets and arrangement of meetings
Customer/market validation meetings - with
potential buyers/key decision makers
Go-To-Market strategy – including sales roadmap
6. Hypotheses – create/test/validate or change
Product Hypothesis -
Problem Hypotheses we’re selling this product – not
Positioning Hypotheses this product plus lots of custom
Value Prop Hypotheses Pricing Hypothesis
Differentiation Hypotheses Sales/Distribution
Market Hypotheses Hypothesis
Market Type Hypothesis Exit Hypothesis
7. Example: Market Type Hypothesis
Your market must be one of:
new product to existing market?
new product to new market?
new product to existing market and
trying to re-segment that market?
- Each has different has different cash
needs, rates of customer adoption and
acceptance, needs different sales and
8. Example: Pricing Hypothesis
If customers don’t ask about price, they
don’t understand the product concept or
aren’t interested in buying it…
Pricing research has a very high ROI and
very valuable payback in confidence
Goal is not just price, but to find out what
drives value in the customers’ minds…
9. Need Help Designing or
Executing a Customer &
Market Validation Process?
+1 650 208 5771
10. “We hired Jeff as an expert in the CAD
market who could give us advice on our
product and marketing plans. We have
been extremely satisfied with his work in
this regard. … His marketing
recommendations have proven to be right
“Jeff helped to solidify our go-to-market
strategy and align it better with our
customers for long term success. His deep
Testimonials knowledge and structured methodology is
of the highest caliber of any individual that
I have worked with.”
“Jeff came highly recommended to me as
a leader in market strategy and business
model development. Jeff led the market
validation process for our IT start-up. He is
an incredibly organized, motivated and
“Jeff has been working with our company
on a number of critical initiatives including
helping to create and focus our market
strategy, execute our market research and
product validation. Jeff has been one of
the most professional executives and
consultants with whom I have ever dealt.”