ATTN: Early stage founders!
in the same way you need a minimum viable PRODUCT,
you also need minimum viable POSITIONING.
Robert Kaminski šÆĀ and I work with lots of horizontal startups.
Whatās the very last thing they want to do?
ā³ niche down ā
Their entire product strategy is based on unlocking as many use cases for as many segments as possible.
But this creates a problemā¦
ā how do you talk to all these different customer segments at once? š¤
ā how you explain your product when itās being used in so many different ways? š¤
ā how do you effectively āpositionā your product in the minds of such a diverse set of customers? š¤
Lots of founders will try to fill out a positioning canvas (or mad-lib) that asks questions likeā¦
āWhat problem do you solve?ā
āWho is your target customer?ā
āWhat value do you bring?ā
And this will drive them CRAZY!
āWe solve MULTIPLE PROBLEMS!!ā š
āWe have MULTIPLE TARGETS!!ā š”
āThe value we bring is different for EVERYONE!!āš¤
If this is you, I have some good newsā¦ and some bad news.
Bad news firstā¦
ā you actually DO need to figure out how to position your productā¦
or no one will ever spread the word.
ā if you canāt claim a spot in your prospectsā brains,
theyāll never think to use you.
Now the good newsā¦
ā You actually DONāT need to fill out all those different categoriesā¦
ā You just need ONE element for the market and ONE element from the product.
ā Like a minimum viable product, this message is your minimum viable positioning.
In order to have ANY level of success getting off the ground, you need to say AT LEAST ONE THING about the market (in general) and AT LEAST ONE THING about the thing youāve built.
When you think about it, this should be incredibly obviousā¦
ā itās literally in the name of the goal (āproduct-market fitā) š¤¦š»āāļø
ā itās literally in the name of the discipline (āproduct marketerā) š¤¦š»āāļø
If you can get MORE than one element from each row, more power to you!
DuckDuckGoĀ manages to get three elements in their hero
(and you could argue they also communicate the product category of āsearch engineā through the well-known UI.)
When you try to figure out your MVP...
here are three ways founders get this WRONG ā
1ļøā£ only choosing elements from the top row (the market)
ā³ this may create a compelling starting point, but without mention of your product, no one will even know youāre a company š¤·š»āāļø
2ļøā£ only choosing elements from the bottom row (the product)
ā³ if you JUST talk about the product, youāll come across as a nifty invention ā but no one will quite understand when to use you š¤·š»āāļø
3ļøā£ choosing NO elements
ā³ for awhile, Airtableās hero message was āconnect everything, achieve anythingā (good luck having THAT stick in peopleās minds) š¤·š»āāļø
Ben Wilentz
Founder,Ā Stealth Startup