Question: 1. Brainstorm multiple potential solutions for your target customer and problem. List each idea here. 2. Select a single solution. Write your product strategy sentence
1. Brainstorm multiple potential solutions for your target customer and problem. List each idea here.
2.Select a single solution. Write your product strategy sentence in the form "My product helps customer X solve problem Y by doing Z."
3. Draw a diagram that shows the key events in a user's interactions with your product. You may use a digital tool of your choice or draw it by hand. Paste the image into the answer box below. Keep in mind the following:
- How will users likely discover your product? Paid ads, search engines, social media campaigns, referrals, App Store?
- What are the key steps from the moment a user finds your product until they get value out of it? Download, register, complete a profile, take first key action, etc.?
- How are you generating revenue? Ads, paid subscriptions, transactions?
- What steps need to occur for you to generate revenue? Upgrade to paid tier, add something to shopping cart and check out, execute search queries where ads appear?
- What could lead to a user no longer using your product? Dormant user who never comes back, cancellation, deleting the app?
4. Refer to the Business Model Canvas tool offered in this module. What are the key considerations you will need to analyze as you work through the completion of the Business Model Canvas? What are some of the questions it raised for you that require further analysis and attention?
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