Get Maximum Growth by Understanding your Customer

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The Main Goal:  Understand your customer's view before formulating a solution.

Problem interview is all about validating your hypothesis around the problem you pretend to solve. At this stage you mostly want to tackle the following 3 types of risk:

  • Product risk: what are you solving?
  • Market risk:  who is the competition?
  • Customer risk: who are they?

 

The problem interview will allow you to measure how customers react to the top problem/problems - describe customers the main problem or problems you are tackling and wanting to solve. Measure their reaction, response; ask the customer if those resonate with them. Never tackle more than 3 problems.

Prior to proceeding make it clear that you do not have a finished product, you are not selling or pitching anything.

The problem interview sheet should be clear, concise, and measurable by following the next criteria:

  • Collect Demographics to test customer segment.
  • Tell a story to set the problem context.
  • Problem ranking to test the problem.
  • Explore the customer's view.
  • Wrap up.

 

In your interview sheet, when formulating a specific problem in one sentence make sure that you determine a priority ranking once the customer provides you with feedback:

  • Is the problem a major concern to them of no concern at all
  • What is the pain level, is it high or low

 

When exploring the customer's views, the best strategy is not to have a script; simply ask the interviewees which main problem they like to be addressed and in which way. Let them go into as much detail as they wish.

  • Ask follow up questions making sure your questions don't lead them or try to convince them - be impartial.
  • Get a sense of how they rate the problem: "must have", "nice to have" or "don't need"
  • If they offer up new problems along the way, explore them the same way.

 

When wrapping up provide a hook to keep the interest - explain briefly your solution at a high level (it makes the interviewee spread your message), ask for referrals (new interviewees), ask them if they would be willing to take a look at your product when something is ready.

Once the interview is finished, document your results immediately - while the information is still fresh in your mind.

It's recommended that during your first few interviews you have another person with you to keep the interviews as objective as possible. each one should also fill the form independently. Have a debriefing session between both to compare notes - and record the interview results.

 

 

One of the core values we have as a company is to inspire and empower people in all aspects of their lives. Additionally, if you want to read about our Custom Software Solutions and Consulting Services, please visit www.isucorp.ca

The 5 Step Process to Find Prospects

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Start with first-degree contacts 

They are your immediate contacts that meet your target customer demographics. Even if some close contacts might be biased it will provide you with experience and insights.

 

Ask for introductions

Ask your first degree contacts for introductions to people who meet your target customer demographics. Make it simple for your first-degree contact to introduce you to other people by providing them with a message template which will facilitate the process.

 

Play the local card

People are more willing to meet if they can identify with you. Meeting with local people makes it simpler to share common aspects.

 

Create an email list from the teaser page

If the web is a viable way to channel your product, setting up a teaser page is a great way to find people to interview.

 

Give something back

Offer a write-up, free test, discount - not only will they appreciate it but also provide referral

 

Use additional techniques such as cold calling, emailing, LinkedIn

Make sure to reach the right prospect, have a clear line of introduction which would attract interest 

 

 

One of the core values we have as a company is to inspire and empower people in all aspects of their lives. Additionally, if you want to read about our Custom Software Solutions and Consulting Services, please visit www.isucorp.ca

 

The Happiness Model

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There is a happiness model which most people follow in life - the thinking goes like this:

Great Work = Big Success = Be Happy

In real life the model does not work like that since most people tend to set new goals once they reach a previous one - why stop at a college degree if you can get a master's, why stop at being a Manager if you can become a Director; people tend to focus on the next job, next degree, next promotion.

We never get to happiness since it gets pushed further and further away.

What happens if we snap "Be Happy" off the end and stick it at the beginning? 
Be Happy = Great Work = Big Success

Everything changes!

So what is the first thing you must do in order to be happy? 

Be Happy FIRST.

Secret No. 1:  The first thing you must do before you can be happy is to Be Happy

 

In our next blog, we will discuss the single biggest reason it's so hard to be happy.

 

One of the core values we have as a company is to inspire and empower people in all aspects of their lives. Additionally, if you want to read about our Custom Software Solutions and Consulting Services, please visit www.isucorp.ca