FROM IDEA TO LAUNCH
IDEAS SUCK.
IDEA = GOOD? Answer these questions to find out: Are you solving a real problem? Who is your customer & will they use it? Why are you different than competitors? How will the customer find you? How do you make money?
SOLVE A REAL PROBLEM VS.
KNOW YOUR CUSTOMER “EVERYONE”≠ CUSTOMER WHO, WHAT, WHY?
KNOW YOUR COMPETITORS
HOW WILL YOU GET CUSTOMERS “GOING VIRAL” IS NOT A STRATEGY HOW WILL YOU GET CUSTOMERS “GOING VIRAL” IS NOT A STRATEGY. REFERRALS, SALES, INCENTIVES?
FAT $TACK$? FIND A BUSINESS MODEL BUT IT CAN EVOLVE
IDEA > ????? >
TIME TO GET REAL. MINIMUM VIABLE PRODUCT
At this point... YOU KNOW NOTHING.
Seriously... You know nothing.
MVP = answers.
Instagram Case Study
How do you MVP?
Take your big idea... cut 90%.
Does removing a feature ruin your product? No = Cut it.
Figure out who you need. What can you do? Fill in the blanks.
Figure out how to build. Learn, hire, co-founder.
It should not be perfect. Fake it ‘til you make it.
Launch Iterate Measure Feedback
Questions?