Watch How Emotions Drive Sales (video case study)
Why will customers buy your product? That’s a Hot Button. What drives Hot Buttons? Emotions. Listen to customers talk about their hot buttons, in their own voices.
Recently we sent out the first of a series of informative emails on behalf of a client. Our campaigns are fully instrumented so we know exactly when people open emails and what they click. We watched on the campaign dashboard as prospects read the email, often opening it more than once to study the information and follow the links.
Recently we talked to mobile app developers about keeping financial and personal data secure. The good news is, they understood the problem and recognized that users of their apps were at risk. The bad news is that they won't do anything about it.
Eight days after the CEO meeting, BigCo’s lead engineer got a call from an MBA intern working for the CFO. This is what the she asked, verbatim:
“On slide 121, you state that the new dispenser eliminates downward drift in the syrup/water mix, resulting in 0.6% percent greater syrup usage per year after year one. Is that correct?”
We’ve researched customer requirements for more than 200 startup products and services, in preparation for launching them into the market. These are the most common assumptions that all of those startups made.
Remember, the most common failure mode is getting one of these assumptions slightly wrong...
Month 4: We identified the reason for Qualcomm’s loss of interest: the incumbent competitor had offered an alternative, less powerful solution for free to prevent Acme from establishing a foothold. This was not a fight they could win, so Acme decided to stop wasting time on this “perfect” prospect.
For 1% of the cost of hardware backup, the new product would deliver 10x the performance of competitive software backup solutions, at performance approaching that of hardware backup. Before starting development, BMC asked BizDev.Global to validate this value proposition with customers.
Since we started offering business development services in 1991, we’ve worked with a lot of new products, new companies and new markets. Here’s a summary of the 200+ startup products we’ve worked on.
37% of the products we validated with customers were either fundamentally flawed or completely off base. As often as not, this was not a surprise to our client; sometimes they had retained us just to confirm their suspicions.