opportunity__cost

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Oct 11 2010

Customer Discovery - Lean Startup Dojo (San Francisco, CA)

The Lean Startup Dojo is a weekly class focused on mastering the skills that you need to successfully build a Lean Startup.

Your startup won't succeed unless you have a deep understanding of your customers and the problem that you are trying to solve for them. Customer Discovery is the process that Lean Startups use to create this understanding. In this class, you will learn how to:

- find your first customers
- convince them to be interviewed by you
- determine if they'll buy your product
- get referrals to other customers

The Lean Startup Dojo places a strong emphasis on creativity and critical thinking. You will generate multiple approaches to solve each problem that your startup will face while executing Customer Discovery. The instructors and other attendees will assist you in analyzing each solution you propose through the lens of the Lean Startup philosophy. When you leave the class, you'll have a wealth of ideas that you can put to use in your startup.

This class will be taught by Rich Collins under the guidance of Eric Ries.

The cost is $100 per class.

Seriously. This is the best bargain you can get. This class is so under-priced, it will address the skills that you need to get out and talk to customers, includes but not limited to: finding your first customers, convincing them to be interviewed by you, determining if they'll buy your product and getting referrals to other customers. The class is kept to under 10 people, so it will target your own problems.

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Oct 2 2010

Taking the very first step of the Customer Discovery and asking for help

I'm working on discovering the potential group of customers for the product that I'm thinking of. This is going to be some sort of a communication platform (starting from email and going from there), that is easily accessible and configurable by non-technical people; that will also provide an extended set of tools to optimize and monitor your messaging. (I know: It sounds awkward, but this is just what I'm starting from. :)

The survey link is: http://bit.ly/bDe4n7

If you are starting or working for a consumer-oriented company and use email as a primary communication channel between you and them, I'd really appreciate if you will take a few minutes and complete my survey. Even if you don't think that you really match, but would like to know more, just let me know your contact information and I'd be happy to chat and tell you more about my product.

Please help me in my Customer Discovery process and fill out the survey: http://bit.ly/bDe4n7

Thank you.

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Sep 9 2010

How I got feedback from 200 people for just $17

Many entrepreneurs are familiar with Amazon Mechanical Turk, a service where real people perform small tasks for equally small pay. Being located in Canada, I’m unable to use the service directly (as it’s only open directly to US users). Thankfully there is a startup called PickFu, which enables startups worldwide to ask a simple A/B question through the Amazon Mechanical Turk API.

While I keep seeing more and more feedback from entrepreneurs utilizing Mechanical Turk to get results for their customer research process I take it with a huge grain of salt. In my case I ended up with dummy and default replies which have little to do with real feedback.

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Feb 23 2010

Customer Validation by Ash Maurya

At the end of Customer Discovery you should have identified a customer problem worth solving and started building your solution (MVP). During Customer Validation, you’ll test your finished MVP by selling it to earlyvangelists and in the process start developing a repeatable and scalable sales process.

One more great post by Ash Maurya on Customer Validation. Give it a look.

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Dec 26 2009

The Cost of Customer Acquisition

...you can’t afford to ignore the cost of customer acquisition. The earlier you work on this the better, as many of the best techniques require you to build your product differently.

It is also important to ask yourself the question: can my business realistically expect to acquire customers for considerably less than the amount that I can monetize them?

Very nice insight into Customer Acquisition process.

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If you don't understand this, do not start your business, until you understand every single word out of here.

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About Olexandr Prokhorenko

My name is Olexandr Prokhorenko. I am passionate about building products that users *love*.

My LinkedIn profile is www.linkedin.com/in/white.


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