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5 EXPERIMENTS FOR PRODUCT MARKET FIT

5 experiments for product market fit

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Page 1: 5 experiments for product market fit

5 EXPERIMENTSFOR PRODUCTMARKET FIT

Page 2: 5 experiments for product market fit

Everything you need to test

Business Model Canvas

Assumption

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Where do you start?

What tests do you run?

Questions

How do you run them?

??

?

?

??

??

?

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The 5 Experiments

You’ll Learn

Page 5: 5 experiments for product market fit

52

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The 5 Experiments

You’ll Learn

YourExperiment

Page 6: 5 experiments for product market fit

Push the envelope

TodayWe’re going to…

Page 7: 5 experiments for product market fit

1. Who am I?2. What is Product-Market Fit?3. The 5 Experiments4. Your Experiment5. Goodies

Agenda

Page 8: 5 experiments for product market fit

WHO AMI?

Page 9: 5 experiments for product market fit
Page 10: 5 experiments for product market fit

Startup Accelerators

Page 11: 5 experiments for product market fit

Curriculum

Mentor & Speaker

Page 12: 5 experiments for product market fit

FOCUS Framework

Page 13: 5 experiments for product market fit

?’s

Page 14: 5 experiments for product market fit

1. Who am I?2. What is Product-Market Fit?3. The 5 Experiments4. Your Experiment5. Goodies

Agenda

Page 15: 5 experiments for product market fit

"Being in a good market with a product that can satisfy that market."

Product-Market Fit?

- Marc Andreessen

Page 16: 5 experiments for product market fit

"Being in a good market with a product that can satisfy that market."

Product-Market Fit?

- Marc Andreessen

Page 17: 5 experiments for product market fit

You get to define it.

Good Market?

Page 18: 5 experiments for product market fit

…to achieve your goals.

Your startup is a vehicle

Page 19: 5 experiments for product market fit

"Being in a good market with a product that can satisfy that market."

Product-Market Fit?

- Marc Andreessen

Page 20: 5 experiments for product market fit

“Satisfying a market…that satisfies you."

Product-Market Fit

- Justin Wilcox

Page 21: 5 experiments for product market fit

Satisfies you?1. All decisions are easier2. Confidence to pivot3. Unify your team

Page 22: 5 experiments for product market fit

Declaring Victory

Page 23: 5 experiments for product market fit

bit.ly/startmark

Page 24: 5 experiments for product market fit

"Being in a good market with a product that can satisfy that market."

Product-Market Fit?

- Marc Andreessen

Page 25: 5 experiments for product market fit

“Satisfying a market that satisfies you."

Product-Market Fit

Page 26: 5 experiments for product market fit

Satisfies you1. All decisions are easier2. Confidence to pivot3. Unify your team

Page 27: 5 experiments for product market fit

Takeaway

What’s your Victory?

Page 28: 5 experiments for product market fit

?’s

Page 29: 5 experiments for product market fit

1. Who am I?2. What is Product-Market Fit?3. The 5 Experiments4. Your Experiment5. Goodies

Agenda

Page 30: 5 experiments for product market fit

Assumption

AssumptionAssumption

Assumption

Assumption

Assumption Assumption

Assumption

Assumption

Assumption

Assumption

Assumption

Assumption

Assumption

Assumption

Assumption

Assumption

Assumption Assumption

Assumption

Assumption

Assumption

Where do you start?

What tests do you run?

Questions

How do you run them?

??

?

?

??

??

?

Page 31: 5 experiments for product market fit

52

13 3

144 2

5 Assumptions 5 Experiments

Page 32: 5 experiments for product market fit

1 Principle5 Assumptions

Page 33: 5 experiments for product market fit

CUSTOMER DON’T BUYproductsCUSTOMER BUY SOLUTIONS TOproblems

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Page 37: 5 experiments for product market fit
Page 38: 5 experiments for product market fit

CUSTOMER DON’T BUYproductsCUSTOMER BUY SOLUTIONS TOproblems

Page 39: 5 experiments for product market fit

1 Principle5 Assumptions

Page 40: 5 experiments for product market fit

ASSUMPTIONYou can find

people trying to solve the problem

They want your help solving it

They will "pay" you to solve it

You can solve it

You will achieve Product-Market

Fit

Page 41: 5 experiments for product market fit

Product-Market Fit5 Experiments to

Page 42: 5 experiments for product market fit

AssumptionYou can find

people trying to solve the problem

They want your help solving it

They will "pay" you to solve it

You can solve it

You will achieve Product-Market

Fit

Test

Manual solution

Cold Outreach, AdsLanding Page,Pre-Sales, LOIs

Product, large segments, etc.

CustomerInterviews

Utility Testing

Offer Testing

Currency Testing

Scaling to Fit

Finding Early Adopters

Phase

Page 43: 5 experiments for product market fit

FOCUS Framework

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52

13 3

144 2 FOCUS

Framework

1. Concrete steps

1 23 4 56 …

2. Orders the steps 3. Instructions & tools for each step

Page 45: 5 experiments for product market fit

FOCUS Framework

Page 46: 5 experiments for product market fit

1. Who am I?2. What is Product-Market Fit?3. The 5 Experiments4. Your Experiment5. Goodies

Agenda

Page 47: 5 experiments for product market fit

Product-Market FitAssessment

1. What phase are you in?2. What’s your riskiest assumption?3. What’s your next step to test it?

Page 48: 5 experiments for product market fit

bit.ly/startmark

Page 49: 5 experiments for product market fit

Takeaways

1. What phase are you in?2. What’s your riskiest assumption?3. What’s your next step to test it?

Page 50: 5 experiments for product market fit

?’s

Page 51: 5 experiments for product market fit

1. Who am I?2. What is Product-Market Fit?3. The 5 Experiments4. Your Experiment5. Free Goodies

Recap

Page 52: 5 experiments for product market fit

“Satisfying a market…that satisfies you."

Product-Market Fit

- Justin Wilcox

Page 53: 5 experiments for product market fit

Satisfies you?1. All decisions are easier2. Confidence to pivot3. Unify your team

Page 54: 5 experiments for product market fit

Declared Victory

Page 55: 5 experiments for product market fit

52

13 3

144 2

The 5 Experiments

You Learned

YourExperiment

Page 56: 5 experiments for product market fit

CUSTOMER DON’T BUYproductsCUSTOMER BUY SOLUTIONS TOproblems

Page 57: 5 experiments for product market fit

AssumptionYou can find

people trying to solve the problem

They want your help solving it

They will "pay" you to solve it

You can solve it

You will achieve Product-Market

Fit

Test

Manual solution

Cold Outreach, AdsLanding Page,Pre-Sales, LOIs

Product, large segments, etc.

CustomerInterviews

Utility Testing

Offer Testing

Currency Testing

Scaling to Fit

Finding Early Adopters

Phase

Page 58: 5 experiments for product market fit

1. Who am I?2. What is Product-Market Fit?3. The 5 Experiments4. Your Experiment5. Free Goodies

Recap

Page 59: 5 experiments for product market fit

GOODIE #1

Page 60: 5 experiments for product market fit

FREEEMAIL COURSE

Page 61: 5 experiments for product market fit

bit.ly/startmark

Page 62: 5 experiments for product market fit

GOODIE #2

Page 63: 5 experiments for product market fit

FOCUS Framework24 hours $20 OFF

Page 64: 5 experiments for product market fit

?’s

Page 65: 5 experiments for product market fit

FOCUS Framework24 Hours $20 OFF

Page 66: 5 experiments for product market fit

5 EXPERIMENTSFOR PRODUCTMARKET FIT