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Guest Expert Daniel Priestley
Creating a “product ecosystem”...
     in revolutionary times
Creating a “product
ecosystem”...
in revolutionary times.


   ... with @DanielPriestley
Daniel Priestley
Founder of Triumphant Events, Entrevo.com
           MD of Ecademy.com
   Author of “Key Person of Influence”.
the agricultural revolution
the industrial revolution
‘a factory in your pocket’
‘six degrees of... what?’
the free economy
ZMOT - 10.4 interactions
funding galore
people galore
infrastructure galore
services galore
distribution galore
big companies can't compete
      with small ones
the career is dead
personal brand brings new
      opportunity
‘remarkable budgets’ must
replace marketing budgets.
‘micro-niche’
‘global small business’
‘it's only just getting started’
the Entrepreneur Revolution
beware of
industrial revolution thinking
old paradigm- “ideas are valuable”
implementation is everything
old paradigm- “time is valuable”
results rule
Growth inhibitor:
out.              Burn-


Solution:
Productise.
Products solve problems
- They never sleep.
- They help make sales.
- They help deliver value.
- They bring opportunity.
- They go anywhere.
- They create consistency.
Let’s look at product
models that DON’T work
for small business...
only one product/service
     brand dependant
brokerage
time dependant
‘J’ curve
capital dependant
one stop shop
system dependant
no idea
So, what DOES work for
small business?
Ascending Transaction Model (ATM)
        strategy dependant
Getting it right.
1. Each product has key outcomes. 2.
Each product strategically links to the
next. 3. Each product contains your
“method”.4. Each product must be
“desirable”.
5. Each product must be “decomoditised”.
EG: Part 5 of 10:
Products for prospects
1. Introduces people to your value.2.
Allows people to become “pre-sold”
to doing business with you.3. Get’s
you “oversubscribed”.4. Opens up
new geography to you.
5. Create a consist first impression.
Part 5 of 10:
Products for prospects
1. Must not compete with your core
offer.2. Must not be a disguised
“sales pitch”. 4. Must be partnership
friendly.5. Must not damage your
brand.
Final thought.
Products for prospects
“I had this crazy idea we could sell
just as many Macs by advertising the
iPod... So I moved $75M of
advertising money to iPod even
though the category didn’t justify
1/100th of that.” - Steve Jobs
income follows assets
... unpack your valuable IP
Two types of products
1. Products that help you to get
known.
2. Products that help you deliver
remarkable value.
Fitness     Investment
                          Florist    Plumber
 Trainer       Banker




IT Project   Change       Business   Workshop
 Manager     Manager       Coach     Facilitator

                                                   54
Property
Sales Trainer               Interpreter    Doctor
                Developer




   Grief                    Internet      Marketing
                 Physio
 Councillor                 Marketer      Consultant

                                                       55
Product Creation Mistakes
1. Over complicate
2. Build first then sell
3. Solving the worlds problems
4. Not getting people pre-sold
5. Not selling
6. Under charging
7. Not playing
Stay in touch...
      @DanielPriestley
Please       us
Facebook.com/ChrisAndSusanTV

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Creating a Product EcoSystem by Daniel Priestley