ATTN: Early stage founders!
in the same way you need a minimum viable PRODUCT,
you also need minimum viable POSITIONING.
Robert Kaminski đŻÂ and I work with lots of horizontal startups.
Whatâs the very last thing they want to do?
âł niche down â
Their entire product strategy is based on unlocking as many use cases for as many segments as possible.
But this creates a problemâŚ
â how do you talk to all these different customer segments at once? đ¤
â how you explain your product when itâs being used in so many different ways? đ¤
â how do you effectively âpositionâ your product in the minds of such a diverse set of customers? đ¤
Lots of founders will try to fill out a positioning canvas (or mad-lib) that asks questions likeâŚ
âWhat problem do you solve?â
âWho is your target customer?â
âWhat value do you bring?â
And this will drive them CRAZY!
âWe solve MULTIPLE PROBLEMS!!â đ
âWe have MULTIPLE TARGETS!!â đĄ
âThe value we bring is different for EVERYONE!!âđ¤
If this is you, I have some good news⌠and some bad news.
Bad news firstâŚ
â you actually DO need to figure out how to position your productâŚ
or no one will ever spread the word.
â if you canât claim a spot in your prospectsâ brains,
theyâll never think to use you.
Now the good newsâŚ
â You actually DONâT need to fill out all those different categoriesâŚ
â You just need ONE element for the market and ONE element from the product.
â 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 youâve built.
When you think about it, this should be incredibly obviousâŚ
â itâs literally in the name of the goal (âproduct-market fitâ) đ¤Śđťââď¸
â itâs literally in the name of the discipline (âproduct marketerâ) đ¤Śđťââď¸
If you can get MORE than one element from each row, more power to you!
DuckDuckGo manages to get three elements in their hero
(and you could argue they also communicate the product category of âsearch engineâ through the well-known UI.)
When you try to figure out your MVP...
here are three ways founders get this WRONG â
1ď¸âŁ only choosing elements from the top row (the market)
âł this may create a compelling starting point, but without mention of your product, no one will even know youâre a company đ¤ˇđťââď¸
2ď¸âŁ only choosing elements from the bottom row (the product)
âł if you JUST talk about the product, youâll come across as a nifty invention â but no one will quite understand when to use you đ¤ˇđťââď¸
3ď¸âŁ choosing NO elements
âł for awhile, Airtableâs hero message was âconnect everything, achieve anythingâ (good luck having THAT stick in peopleâs minds) đ¤ˇđťââď¸
Ben Wilentz
Founder, Stealth Startup