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Customer development oxford 14.02.2015
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Customer development oxford 14.02.2015
1.
THIS WEEK Monday Afternoon
Customer Development Tuesday Morning Business Model Design Tuesday Afternoon Investment Thursday Morning Pitching Thursday Afternoon Negotiation
2.
NAMES
3.
Learning Goals
4.
There is no One
True Way
5.
WHAT IS CUSTOMER DEVELOPMENT?
6.
ONE DAY A man
wakes up, turns on the radio, goes upstairs, turns on the light, and kills himself. Why?
7.
https://www.flickr.com/photos/mikebehnken/5343485804
8.
LEARN CONFIR M
9.
OBSERVE EXPERIMENT
10.
DETECT ANALYSE
11.
Do we understand them? Do we
have the right product?
12.
13.
14.
Question How much of
what you believe about your customers is wrong?
15.
Lying bastards. Everybody will
tell you what you want to hear, especially if you want to hear it.
16.
Pricing, tricks, advisors, politics, introductions. Only
available in pre-product conversations!
17.
Getting actionable facts.
18.
The burden of
truth is on the observer.
19.
Dear son, You are
the best and your idea is awesome. You should do it - I will buy one. Your Mom
20.
Dear son, I never
understood why you didn’t take that corporate job. Your idea will fail. Go back to school. Your Mom
21.
The Mom Test Questions
so good, even your mom can’t lie to you.
22.
Past Because nobody can predict
the future.
23.
Fact Because opinions change.
24.
Specific Because generalities hide
the truth.
25.
The Mom Test Past
- Fact - Specific
26.
https://www.flickr.com/photos/shoutsfromtheabyss/5340846422/
27.
Good question or bad
question?
28.
Is this something you
would buy?
29.
Let’s apply The Mom
Test.
30.
What are the three
rules?
31.
Is this something you
would buy?
32.
How do you
currently deal with this problem?
33.
How do you
currently deal with this problem?
34.
How can we
improve this?
35.
How have you
dealt with this problem?
36.
When does this problem
pop up?
37.
When does this problem
pop up?
38.
We could still
get an invented answer. Let’s fix this.
39.
When has this problem
popped up?
40.
What makes this
go off-track?
41.
What makes this
go off-track?
42.
This is great
for finding opportunities to help in outlying cases. But it’s still too general.
43.
Has this ever
gone off-track?
44.
How much would
you pay for this?
45.
How much would
you pay for this?
46.
How much does
this problem cost you?
47.
How much does
this problem cost you?
48.
How much has
this problem cost you?
49.
What’s your budget?
50.
Customer Development isn’t sales!
51.
What’s your budget?
52.
Talk about their life,
not your idea. Rule Of Thumb
53.
Please tell me
how you handle this.
54.
Please tell me
how you handle this.
55.
LEARN CONFIR M
56.
OBSERVE EXPERIMENT
57.
Please show me
how you do this.
58.
Can I ask
why?
59.
Do we understand them? Do we
have the right product?
60.
If you’re in
the mindset of a learner, trying to understand the customer, you’re doing great!
61.
Can I ask
why?
62.
Conversation is a
skill, not a process.
63.
You’re already good
at it - you just don’t know it yet. Just like you already speak French!
64.
Softball Questions To get them
talking. To start the momentum.
65.
Softball Question How’s it
going with… ?
66.
What’s your softball
question? What words are natural for you? Write it down.
67.
Let’s say you
have a travel booking app idea. We want to learn about travel in people’s lives.
68.
Now try it! One-minute
conversations - get the momentum going!
69.
Signals What to listen
for.
70.
Obstacles Problems and friction indicate
areas where we can help.
71.
Goals tell us
where we fit in the bigger picture of their life. Listen for -ly words, like quickly, or cheaply.Goals
72.
Actions give us
a sense of if they care enough to do something, and if so, what their options are. Actions
73.
Signals Obstacles Goals Actions
74.
Demo! I’ll talk to
one of you and point out the signals I hear. Did you catch them too?
75.
Now try it! Listen
for signals. Put your hands up when you hear one.
76.
Anchor Questions To explore a
signal.
77.
Anchor Question Interesting. Tell me
more about that.
78.
Anchor Question Can you
help me understand …?
79.
Anchor Question You can
just raise your eyebrows like you’re surprised!
80.
What’s your anchor
question? What words are natural for you? Write it down.
81.
Now try it! Direct
the conversation towards a signal you heard.
82.
Recording The Right Stuff. Their
words - not yours! Pair up.
83.
Now try it! Write
down what you hear.
84.
Making decisions. The trick
to making decisions as a team is to share insight, then decide together.
85.
Now try it! Put
your sheets down on the table. Point to phrases you don’t understand and ask the interviewer to explain what was going on.
86.
Rule of Thumb Direct
conversations to specific, past, events, not general current or future.
87.
88.
Compliments Are Not Signals.
89.
Sounds great. I love
it!
90.
Sounds great. I love
it!
91.
Brilliant -- let
me know when it launches!
92.
Brilliant -- let
me know when it launches!
93.
Compliments? Stalling tactic? They don’t
care. :(
94.
There are a
couple people I can intro you to, when you’re ready.
95.
Partial commitment?
96.
Validate by going
for full commitment.
97.
I would definitely buy
that!
98.
Your Mom Is this
something you would buy?
99.
Rule of Thumb Advancement
to the next step is a signal you are ready to Confirm.
100.
Advancements Time Money Reputation
101.
Facts Commitmen t
102.
Learn Confirm 2 stages
of learning
103.
@saintsal @lvelev Thank you!
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