Startup Secrets Sandbox

Startup Secrets Sandbox

EVALUATE the Solution

Gain/Pain

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How do you evaluate Gain / Pain ?

Break it down into Gains and Pains as well as Inertia and Risk.

Gains

What are your prospective customer’s expected gains—from their viewpoint?

What are their measures for success of using your product?

Keep asking them until they have fully explained what success look likes and how they would measure it.

Pains

Most entrepreneurs are so focused on the features they deliver, they forget to examine how hard it will be for customers to everything from find to adopt and use their product.

Startup Secret: Ask your potential customer all the reasons they would not buy your product.

Keep asking them until they have fully exhausted all their reasons.

Hint: Price is the easy one but likely the least important in the early stages.

Not only out of pocket expenses but also psychological pain

Inertia, Risk

This is likely the number one reason your initial prospects won’t buy. Ask them what it would take to be credible enough for them to work with you. Then figure out how to work around them, eg:

Perhaps initially on a design partnership

Or a pilot

Then a proof of concept

Etc.

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