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Message- Market Fit Dan Olsen Olsen Solutions SF PR Summit July 31, 2013 Dan Olsen Olsen Solutions July 31, 2013 SF PR Summit How to Achieve Messaging-Market Fit

How to Achieve Messaging-Market Fit by Dan Olsen

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Talk I gave at SF PR

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Page 1: How to Achieve Messaging-Market Fit by Dan Olsen

Ensuring Message- Market

Fit Dan Olsen

Olsen Solutions

SF PR Summit July 31, 2013

Dan Olsen Olsen Solutions July 31, 2013 SF PR Summit

How to Achieve Messaging-Market Fit

Page 2: How to Achieve Messaging-Market Fit by Dan Olsen

Copyright  ©  2013  Olsen  Solu7ons  

My  Background  n Technical  background  n MBA,  Stanford  n  Led  Quicken  Product  Management  at  Intuit  n  Led  Product  Management  at  Friendster  n CEO  &  cofounder  of  YourVersion,  “Pandora  for  your  news”  

n Consultant:  Box,  YouSendIt,  Epocrates,  OneMedical  

 Will  post  slides  to  hQp://slideshare.net/dan_o    

Page 3: How to Achieve Messaging-Market Fit by Dan Olsen

What  is  Messaging-­‐Market  Fit?  n  Lean  Startup:  Product-­‐Market  fit  

n Making  sure  that  customers  like  your  product  

n What  about  messaging?  n Right  features  but  wrong  message?  n Messaging-­‐Market  fit  

n Making  sure  that  how  you  message  your  product  resonates  with  customers  

Copyright  ©  2013  Olsen  Solu7ons  

Page 4: How to Achieve Messaging-Market Fit by Dan Olsen

Key  Elements  of  Customer  Experience  

Func7onality  

UI  Design   Messaging    

Copyright  ©  2013  Olsen  Solu7ons  

Page 5: How to Achieve Messaging-Market Fit by Dan Olsen

What  Do  Prospec7ve  Customers  See  First?  

Copyright  ©  2013  Olsen  Solu7ons  

• Messaging  

• Design    •  Features?  (not  yet)  

At  Amazon,  the  first  thing  they  do  is  write  the  press  release    

Page 6: How to Achieve Messaging-Market Fit by Dan Olsen

Market  Benefits,  Not  Features  

n Most  companies  focus  on  features  n Lots  of  reasons  why  

n  “People  don’t  want  a  quarter-­‐inch  drill.  They  want  a  quarter-­‐inch  hole.”  

n Feature-­‐speak  =  non-­‐benefits  speak  n 3rd  Genera7on  Intel  Core  i5  Processor  n Netgear  N300  Wireless  Router  n  Infini7  JX35  (now  Infini7  QX60)  n Acer  C710-­‐2055  

 Copyright  ©  2013  Olsen  Solu7ons  

Page 7: How to Achieve Messaging-Market Fit by Dan Olsen

Copyright  ©  2013  Olsen  Solu7ons  

Really???  

Page 8: How to Achieve Messaging-Market Fit by Dan Olsen

“With  a  5-­‐megapixel  camera  with  flash,  con7nuous  auto-­‐focus  and  image  stabiliza7on,  plus  11  photo  modes  and  video  recording,  it's  easy  to  capture  those  spontaneous  moments.”  

“Take  beau7ful,  detailed  photos  with  the  new  5-­‐megapixel  camera  with  built-­‐in  LED  flash.  The  advanced  backside  illumina7on  sensor  captures  great  pictures  even  in  low  light.  And  the  new  front-­‐facing  camera  makes  it  easy  to  take  self-­‐portraits.”  

Blackberry  Torch  9800  

iPhone  4  

Copyright  ©  2013  Olsen  Solu7ons  

Page 9: How to Achieve Messaging-Market Fit by Dan Olsen

Customer  Needs  &  Benefits  

Copyright  ©  2013  Olsen  Solu7ons  

Page 10: How to Achieve Messaging-Market Fit by Dan Olsen
Page 11: How to Achieve Messaging-Market Fit by Dan Olsen

   

n  Russians:  pencil  

n  NASA:  space  pen  ($1  M  R&D  cost)  

   

   

Example:  n  Ability  to  write  in  space  (zero  gravity)  

Problem  Space  vs.  Solu7on  Space  n  Problem  Space  

n  A  customer  problem,  need,  or  benefit  that  the  product  should  address  

n  Solu7on  Space  n  A  specific  product  implementa7on  intended  to  address  that  benefit  

Copyright  ©  2013  Olsen  Solu7ons  

Page 12: How to Achieve Messaging-Market Fit by Dan Olsen

Problem  Space  vs.  Solu7on  Space:  Product  Level  

Problem  Space  (user  benefit)  

Solu7on  Space  (product)  

TurboTax

TaxCut

Pen and paper

Prepare my taxes

File my taxes

Check my taxes

Maximize deductions

Reduce audit risk

Copyright  ©  2013  Olsen  Solu7ons  

Page 13: How to Achieve Messaging-Market Fit by Dan Olsen

Customer  Benefits  “Ladders”  

Higher-­‐level  benefit  

(more  abstract)  

Quicken  lets  me  see  all  my  financial  accounts  in  one  place  

…which  lets  me  easily  see  how  much  money  I  have  

…which  is  faster  than  if  I  had  to  track  down  all  those  balances  

…which  means  needing  less  7me  to  manage  my  finances  

Lower-­‐level  benefit  

(more  specific)  

Copyright  ©  2013  Olsen  Solu7ons  

“Save  Time”  

Page 14: How to Achieve Messaging-Market Fit by Dan Olsen

Kano  Model:  User  Needs  &  Sa7sfac7on  User  Sa7sfac7on  

User  Dissa7sfac7on  

Performance  (more  is  beQer)  

Delighter  (wow)  

Need  not  met  

Need  fully  met  

Must  Have  

Needs  &  features  migrate  over  7me  

Copyright  ©  2013  Olsen  Solu7ons  

Page 15: How to Achieve Messaging-Market Fit by Dan Olsen

Target  Customer  is  Cri7cal  Variable  for  Message-­‐Market  Fit  

Page 16: How to Achieve Messaging-Market Fit by Dan Olsen

Target  Customer  is  Cri7cal  Variable  for  Message-­‐Market  Fit  

Page 17: How to Achieve Messaging-Market Fit by Dan Olsen

What  is  Your  Product  Value  Proposi7on?  

n Which  user  benefits  are  you  providing?  n How  are  you  beQer  than  compe7tors?    

Copyright  ©  2013  Olsen  Solu7ons  

Compe&tor  A   Compe&tor  B   You  

Must  Have  Benefit  1   Y   Y   Y  

Performance  Benefit  1   High   Low   Med  

Performance  Benefit  2   Low   High   Low  

Performance  Benefit  3   Med   Med   High  

Delighter  Benefit  1   Y   -­‐   -­‐  

Delighter  Benefit  2   -­‐   -­‐   Y  

Page 18: How to Achieve Messaging-Market Fit by Dan Olsen

Posi7oning  n  Posi7oning  is  how  you  communicate  to  customers:  n What  your  product/service  is  n How  it’s  beQer  than  others  

n  Specifies  n What  category  your  product  is  in  n Your  target  market  n The  core  benefit/value  your  product  provides  n Why  it’s  beQer  than  compe7ng  products  (unique  differen7ator)  

Copyright  ©  2013  Olsen  Solu7ons  

Page 19: How to Achieve Messaging-Market Fit by Dan Olsen

Posi7oning  Template  

n <Product  name>  is  a  <Product  category>  for  <Target  market>  that  <Core  benefit>  by  <Unique  differen:ator>.  

n Google  is  a  search  engine  for  everyone  who  uses  the  internet  that  helps  people  quickly  find  relevant  informa7on  by  having  the  best  algorithms  that  deliver  the  fastest  and  most  relevant  results.  

Copyright  ©  2013  Olsen  Solu7ons  

Page 20: How to Achieve Messaging-Market Fit by Dan Olsen

Messaging  n  Posi7oning  is  important  but  is  not  meant  for  use  in  customer  marke7ng  “as  is”  

n  Messaging:  the  specific  words  you  use  to  convey  your  posi7oning  

n  Brainstorm  messaging  ideas  from  customer  benefits  n  Divergent,  itera7ve  thinking:  “Agile  for  Messaging”  n  Write  copy.  Need  different  length  messages:  

n  Tagline  n  Sentence  n  Paragraph  n  Page  

Copyright  ©  2013  Olsen  Solu7ons  

Page 21: How to Achieve Messaging-Market Fit by Dan Olsen

Principles  of  Good  Messaging  

n Good  messages  are:  n Easy  to  understand  n Focused:  1  or  2  concepts  max  n Short  (less  is  more)  n Clearly  convey  benefits  to  customer  n Sound  differen7ated  n Ownable  (by  you)  

Copyright  ©  2013  Olsen  Solu7ons  

Page 22: How to Achieve Messaging-Market Fit by Dan Olsen
Page 23: How to Achieve Messaging-Market Fit by Dan Olsen
Page 24: How to Achieve Messaging-Market Fit by Dan Olsen

Deconstruc7ng  the  Message  

Copyright  ©  2013  Olsen  Solu7ons  

1,000  songs  in  your  pocket  

•  large  #  of  songs  •  all  of  your  songs    

•  portable  •  small,  light  •  can  listen  anywhere  

Storage  capacity  

5  Gigabytes  

Size  

4”  x  2.4”  x  0.78”  

Page 25: How to Achieve Messaging-Market Fit by Dan Olsen

What  Didn’t  Apple  Message?  

n Easy  to  Use:  Click  wheel  &  screen  n Auto-­‐Sync  n Firewire:  30  7mes  faster  than  USB  n BaQery  life:  10  hours  of  listening  n Headphones  “With  iPod,  Apple  has  invented  a  whole  new  category  of  digital  music  player  that  lets  you  put  your  en7re  music  collec7on  in  your  pocket  and  listen  to  it  wherever  you  go,”  said  Steve  Jobs,  Apple’s  CEO.  “With  iPod,  listening  to  music  will  never  be  the  same  again.”  

Copyright  ©  2013  Olsen  Solu7ons  

Page 26: How to Achieve Messaging-Market Fit by Dan Olsen

Other  Good  Messaging  Examples  n Fly  the  friendly  skies  n Zoom  zoom  n Finger  lickin’  good  n The  happiest  place  on  earth  n  Let  your  fingers  do  the  walking  n Eat  fresh  n Have  it  your  way  n Keeps  going  and  going  and  going  

Copyright  ©  2013  Olsen  Solu7ons  

Page 27: How to Achieve Messaging-Market Fit by Dan Olsen

Valida7ng  Your  Messaging  With  Customers  

(see  my  slides  on  “Ramen  User  Tes7ng”)  

Copyright  ©  2013  Olsen  Solu7ons  

Page 28: How to Achieve Messaging-Market Fit by Dan Olsen

Itera7ng  Your  Messaging  Through  Qualita7ve  Customer  Feedback  Problem  Space  

(your  mental  model)  Solu7on  Space  

(what  users  can  react  to)  

 Customer  Feedback  

Mockups  

Copyright  ©  2013  Olsen  Solu7ons  

Page 29: How to Achieve Messaging-Market Fit by Dan Olsen

Quan7ta7ve  Tes7ng  n Comparing  conversion  rates  of  different  messages  on  n AdWords  ads  (4-­‐Hour  Workweek)  n Landing  pages  (Newlix,  Smoke  test)  n Emails  

n A/B  tes7ng  (aka  split  tes7ng).  Tools:  n Op7mizely  n Unbounce  n Visual  Website  Op7mizer  n Google  Website  Op7mizer  

Copyright  ©  2013  Olsen  Solu7ons  

Page 30: How to Achieve Messaging-Market Fit by Dan Olsen

Copyright  ©  2013  Olsen  Solu7ons  

Automated  Mul7variate  Tes7ng:  Google  Website  Op7mizer  

Page 31: How to Achieve Messaging-Market Fit by Dan Olsen

Messaging-­‐Market  Fit  Summary  

n Avoid  feature-­‐speak  n Clarify  your  target  market  n Understand  which  benefits  your  customers  care  about  &  apply  Kano  Model  

n Define  your  value  proposi7on  &  posi7oning  n Brainstorm  ideas  messaging  &  write  copy  n Test  messaging  with  customers  n  Learn,  iterate  and  improve  

Copyright  ©  2013  Olsen  Solu7ons  

Page 32: How to Achieve Messaging-Market Fit by Dan Olsen

Ensuring Message- Market

Fit Dan Olsen

Olsen Solutions

SF PR Summit July 31, 2013

hQp://olsensolu7ons.com  hQp://slideshare.net/dan_o  @danolsen  

Questions?