Market ⋂ Product ⋂ Channel ⋂ Model = 🎯🚀💰
Questions to uncover intersection fit
Market
- Who are your target customers? (Characteristics)
- What problems do they have? (Needs and wants)
- What are the alternatives to solving the problems? (Competition)
- What are the motivations/triggers for customers to seek a new solution? (Push)
- What is the size of the opportunity? (Market size)
Product
- What is your solution? (Features)
- What problems will it solve? (Value proposition)
- What are the triggers to hook the customer? (Pull)
- How long time to value creation? (Time to value)
- How do you build stickiness? (Engagement and retention)
Channel
- Where do your target customers hang out? (Reachable)
- What channel types to use? (Distribution strategy)
- How scalable is your channel? (Channel scalability)
- How much is the customer acquisition costs? (CAC)
Model
- How do you monetize? (Method)
- When do you monetize? (Customer journey and frequency)
- How much do you charge? (Pricing)
- What is your customer’s lifetime value? (LTV)