"A very important read!" - What Is The Core Problem You're Trying To Solve?
by Max Kalehoff, Tuesday, August 6, 2013 11:05 AM
Board members and CEOs of marketing and tech startups often ask me to provide informal feedback on their product marketing and positioning. That’s what I do! :-)
I usually volunteer a few sessions like this every week. This often includes a blink test on the website, a sales presentation and a product demo.
Because this was an especially intense week of volunteering feedback, a common theme became incredibly obvious: Among the top challenges tech startups face is a failure to boldly communicate the core problem they are trying to solve, and for whom. Instead, they tend to muddy the message by including too many audience segments, and resorting to a long list of features, capabilities and widgets.
It’s obvious, but many people need to be reminded: Define the audience and their pain (known or unknown to them). Introduce the painkiller and demonstrate how the pain will go away and turn into pleasure. People don’t buy features, they buy experiences that make them feel good.
Of course, it’s better to have a communications and positioning gap, because that is easier to fix. If you are unsure of the problem, that means you have a serious identify crisis. You should forgo scaling promotional and sales activities, and go back to the drawing board.
Either way, it’s best to be specific and decisive with a hypothesis, and iterate as needed until you hit the mark. Then move on to scale.
Al DiGuido from Optimus Publishing commented on: August 6, 2013 at 1:53 p.m.
Max...this is one of the great embarassments of our industry these days. It's incredible to think that companies are being funded without a clear USP and any understanding of the basic problem that their business model is trying to solve. Heck...let's go the next step...You understand the market/client/consumer need, you have a viable solution...NEXT...How is it that you are going to make money ? I would imagine that many of these same companies haven't thought about this to any great degree. There is alot of blame going around on this situation...Company builders and the "money" that backs their "vision" without truly vetting the opportunity. Hopefully we aren't going back to that period 10 years ago when alot of companies got funded and were believed that "they didn't have to make money". Ugh.
Read more: http://www.mediapost.com/publications/article/206145/what-is-the-core-problem-youre-trying-to-solve.html?print#ixzz2bDq1EMUC
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