Problem:
I was unaware of the fact that we needed to document, in this section, other alternatives to how our early adopters cope or find a different solution to the problem that we proposed. It is almost like being aware of the existing competition. I am happy to have learned about this in chapter 3.
Customer Segments:
When we first identify a customer segment, we need to define an early adopter. In other words, we need to be able to understand who our customers will be, in smaller scale. When we begin to analyze our customer segment, we must not immediately try to focus on our mainstream customers.
Unique Value Propositions:
The unique value proposition must be different, however, the difference has to matter. In order to make our product…show more content… We must be very precise with our problems and attempt to sketch solutions for each in order to come up with the final solution to our primary problem.
Channels:
We must be able to build a significant path to customers order to be successful with our startup. It is significant to be able to understand how we will get to our customers in order to be a successful team business. Additionally, we must also have a product that is worth spreading. If we do not, our product will not be easily sold, because people will not want to buy our product.
Revenue Streams:
We should be able to deliver enough value to justify charging. Three things that I was able to learn from this selection is that price is part of the product and defines our customers. Ultimately, getting paid is the first form of validation. Our price changes the perception of the product, helps us understand which customers we want to primarily sell our product to, and, lastly, help us receive product validation.
Cost Structure:
We must take the operational costs into consideration when creating our product. We should be able to calculate a breakeven
