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How to Find Product-Market Fit
Rating: 3.9 out of 5(9 ratings)
60 students

How to Find Product-Market Fit

Step-by-Step Instructions on How to Find Product-Market Fit by Running Experiments with your Customers
Created byDov Abrams
Last updated 1/2021
English
English [Auto],

What you'll learn

  • Put together a hypothesis around the idea they want to test
  • Design experiments to test the idea's potential
  • Review the data to determine the feasibility of an idea

Course content

5 sections46 lectures12h 9m total length
  • 1.1: Declaring Victory10:12

    Declare victory to align startup decisions around a measurable goal, define the customer target, and gain confidence to pivot with data as markets change.

  • 1.2 Idea Generation12:39

    Identify customer problems by reframing ideas as solutions and explore your segments, former segments, and passions to uncover viable market needs and backup ideas for pivoting.

  • 1.3 Customer Storming and Role-izing12:46

    Map early adopters by storming customer segments, then transform groups into real roles via Twitter or LinkedIn profiles. Narrow to five niche segments tied to victory goal to guide outreach.

  • 1.4 Who are your Early Adopters?7:27

    Identify early adopters using the adoption behavior curve within the adoption lifecycle (crossing the chasm) and locate them by their problem status and observable behaviors.

  • 1.5 You've Found Your Early Adopters When...7:51

    Identify early adopters by interviewing 10 people from one segment, with 60% taking action to solve the problem. Use the focus framework cycle to adapt channels and segments toward victory.

  • 1.6 5 Interview Checkpoint17:12

    Use the five interview checkpoint after five interviews to validate problems and actions, identify pattern, then pivot or narrow your segment and channel toward your victory.

  • 1.7 Interviewing Like a Pro28:08

    Master practical interviewing techniques to interview like a pro, reducing nerves and building rapport with customers. Learn to empathize, take effective notes, validate insights, and expand your network.

  • 1.8 What to Ask20:05

    Learn to conduct B2B and B2C customer interviews to validate product-market fit, using warm-ups, role clarity, and iterative probes to identify early adopters.

  • 1.9 How to Ask for Interviews18:45

    Learn to effectively request customer interviews using cold contacts and in-person strategies, with personal, concise messages, a clear value proposition, and a structured timeline to schedule and conduct interviews.

  • 1.10 Interview Channel Costing20:14

    Identify the fastest interview channels to reach early adopters, then plan a, plan b, and plan c with backup options and relevance scoring to maximize interviews.

  • 1.11 Scale Your Segments14:36

    Scale your segments by focusing on one customer segment at a time. Use the scale framework: size, currency, access, love, and early adopters to choose the best starting segment.

  • 50 Ways to Talk to 5 People20:16

    Explore 50 ways to talk to five people to ease conversations with customers and speed up identifying channels for early adopters.

Requirements

  • Have an idea they are looking to test on consumers or businesses

Description

This course provides real-world, step-by-step instructions on how to find Product-Market Fit by running experiments with your customers, not on them.

Without focus, finding Product-Market Fit can be overwhelming:

  • Who are your Early Adopters?

  • How do you find them?

  • What features do they want in an MVP?

  • How much should you charge them?

This course will show you exactly:

  • What to test

  • When to test and

  • How to test

...so you can find your Product-Market Fit faster.

  • This course covers:

    • Customer Interviews

    • Opportunity Sizing

    • Marketing Optimization

    • A/B testing

    • Price Testing

    • Pre-Sales

    • Building MVPs

    • Scaling and more

Who this course is for:

  • Beginner entrepreneurs that are looking to test out an idea