Can ChatGPT help you reach product-market fit?
ChatGPT is surprisingly good at answering many questions related to finding a product-market fit. Let's take a look.
Can ChatGPT tell us what idea is more likely to succeed?
Let's try asking it to.
Prompt: I have 3 software ideas:
- A ridesharing app
- A project management app for big teams
- An app to help teachers better manage their curriculum
Which one has the biggest chance to succeed and make money?
This is a long way of saying that the third idea (an app to help teachers manage curriculum) has the least competition.
Let's ask it more about the competition:
Prompt: What tools are already out there to help university teachers better manage their curriculum?
Now we have some names. What we're really interested in are the weaknesses of each product. Let's ask for more details.
Prompt: What are the primary weaknesses of the tools that people complain about?
We're already seeing some patterns. But we're (probably) not the only ones who saw this weakness. Are there any other tools that are addressing these shortcomings?
Prompt: It seems like one of the main criticisms for most of those tools is that they're hard to use. Is there a tool (or tools) that tried to compete by addressing this need (making the tool easy to use)?
Woah! We have quite some (potential) competition.
These are some good prompts to help you want to see the weaknesses in any industry.
Start from the problem
Prompt: What are the main problems that indie founders are experiencing?
Interesting. Now, how are they solving those problems? Let's start with problem number 1.
Prompt: What tools are indie founders using to solve 1) ?
It gave us a pretty vague answer. Can we get more specific names sorted by usefulness? Here's an interesting followup prompt to try:
Prompt: Which of those tools are mostly commonly mentioned on Indie Hackers?
Another prompt we can try is:
Prompt: What are the most popular websites that indie hackers use for 1)?
Way better.
Can we get into peoples' minds with ChatGPT?
Let's say we're selling a a software tool to CFOs. Can ChatGPT tell us more about their motivations?
What motivates a CFO to approve budget for new software tools?
These are all things we can address with our value proposition.
Running this query again, this time being more specific gives us even more reasons:
What motivates a CFO to approve budget for a new project management tool for his division?
Let's say we're trying to pitch a tool to CFOs to manage their finances. Are there already tools that do this?
Prompt: What tools (if any) are CFOs using to manage their company's finances?
This can work for a lot of niches. Let's take marketing for a change:
Prompt: What are marketers using to stay up-to-date with their industry?
If you want to find any specific types of publications (like newsletters), just ask it to:
Prompt: What newsletters do marketers use to stay up-to-date with their industry?
Now, some of these names are made up. This is one of ChatGPT's weaknesses; when it doesn't know something, it tries to invent an answer (as many humans do).
So in summary: ChatGPT can be pretty awesome at things like discovering problems, finding potential competitors, etc. ALWAYS verify what ChatGPT tells you with real users, though. What the AI says and what actual CFOs say can be quite different, and nothing replaces getting real users' output.
Be pretty careful and validate everything; ChatGPT can invent some 'facts'.
That’s pretty fascinating. Of course you have to take these with a grain of salt, but this is an awesome way to get started researching and get on the right track. Definitely gonna try this out sometime, thanks!
I urge you not to use Chat GPT for this. Chat GPT has no concept of reasoning or logic and cannot be relied upon for solving problems. The only thing it's good at is constructing believable language in a variety of ways. So use it for creating content, but not for solving problems.
I think ChatGPT is good for brainstorming and defining some concepts for your startup. However, since you use ChatGPT as an academic aspect, ChatGPT kept creating research papers that do not exist at all.
ChatGPT is a language model, it can assist you in generating written content, answering questions, and providing information. However, it is not directly involved in product development or finding product-market fit. It can provide information on topics such as market research and customer analysis which can be useful for identifying a target market for a product like Pokemon trading cards. https://pokemongenerators.com
Very thougtful questions and useful tips for using ChatGPT. I didn't know ChatGPT could invent stuff.
Wow this is incredible I never thought of using ChatGPT this way thanks for the tips
The challenge with ChatGPT is that it lacks reasoning capabilities. To ensure the validity of your problem, it's crucial to gather feedback from actual potential users through human interactions. This is currently an area where ChatGPT cannot fully automate. However, using generative AI models can potentially aid in faster validation. A recent example of this is the launch of https://www.contrarian.ai, which aims to address this issue effectively.
Chat GPT has been amazing for me to bounce back the idea and get my head around the MVP version of my new project. I really like the fact that we can move faster than way before with the help of this amazing technology!
I think it possible but a lot more people are gonna exploit it and 90% of product built with chatGPT-2 are gonna be churned, well you can ride on the wave but it can be short termed
Wow.. i never thought chatgpt could do that, haha
It's interesting how people use this chat thing to do what many other paid software tools that are out there already do.
This is awesome I was doing the same yesterday!
You'r right...
ChatGPT is a great thing it has automate the most of things and can solve lot of problems in short time... I want to say for the research work it is the gold mine open the door and pick the thing of your desire.
Pretty useful prompts
Interesting questions. I found that the answers it gave regarding founders are pretty accurate.
Actually, I was unfamiliar with ChatGPT. But heard a lot about it on social media and I thought, let's give it a try. I was super impressed by it. I was able to write hundreds of blogs in seconds. Not only that, it gives me CSS codes and custom HTML ideas to make my website even more beautiful. I am Mike Bail from the US and I mainly edit 3D graphics and work on android studio to create some WR3D Mod apks here: https://aim4slam.com/wr3d-2k21/ Thank you.
Hello
Hmmm don't you think that this exact same research could be achieved with the exact same search queries in a search engine?
You would likely even get better information (because these webpages are the source of ChatGPT's knowledge anyway) and it would definitely be more in-depth.
I don't think that finding factual information is a meaningful use case for a language model like ChatGPT.
It's not meaningfully less effort than an online search and it's not wildly more accurate. For the same reason that Duckduckgo or Bing didn't have a chance against Google once they were a monopoly, I don't see chatbots replacing search.
Think back: search was a wildly better use case (faster and more accurate) than online directories. That's the reason we're no longer using the Yahoo! directory to browse the Web. How is this series of searches a similar breakthrough? Do you think it is, @zerotousers?
Yes, it would take you way longer for many queries.
Try typing:
what project management software do cfos want
You'll see a bunch of SEO-optimized articles not answering the actual question.
Even appending 'reddit' to the query won't get you meaningful answers.
I think it's a matter of time before ChatGPT (or a competitor) gets 'references'.
Also try typing 'marketers how do you stay up to date with the industry'. A bunch of useless results.
I disagree with the "It's not meaningfully less effort than an online search" part. It's been the opposite in my experience.
Ah, that makes sense.
So basically your experience is that 2023 ChatGPT wins against 2023 Google results.
And my point was (possibly unfairly) comparing ChatGPT against "peak Google" before we were inundated with those useless SEO articles.
One issue, then is that GPT and other LLMs are just going to make the "useless SEO article" problem exponentially worse. (Which then helps them win over search, so there's a perverse incentive)
I agree with your point. If it was 2023 chatgpt vs. 2015 Google, that would be a different matter :)