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If You Build It Will They Come?
Three Steps to Test and Validate Any Market Opportunity
Rob Adams (Author)
9780470563632, Wiley
Hardback, published 28 April 2010
224 pages
23.6 x 16 x 2.2 cm, 0.404 kg
Know if you'll hit your targets before pulling the trigger on any marketing plan More than sixty five percent of new products are commercial failures, and if you compound this with a recession, now more than ever you can't afford to be wrong. In If You Build It Will They Come, business professor and strategy consultant Rob Adams shows you how to make sure you hit your target market before you spend a lot of money. He shows you the fast, systematic and proven approach of performing Market Validation in advance of making a large product investment. Adams outlines a simple and effective market validation and testing strategy that is proven, giving entrepreneurs and managers the ability to dramatically improve the prospect of product success. He explains how to quickly gather information on competitors, directly interview members of your target market, and figure out what the market really wants to buy, versus what customers say they want.
Introduction Market Validation: Why Ready, Aim, Fire Beats Ready, Fire, Fire, Fire, Aim 1 Step 1 Ready—Could This Idea Fly? Chapter One Ready: The Overview 35 Chapter Two Domain Knowledge: Where Did You Get Your Idea? 39 Chapter Three The Market: How Big is It, and How Fast is It Growing? 45 Chapter Four Lifecycles and Trends: How are These Affecting Your Market? 51 Chapter Five Your Competitors: What are They Doing? 71 Chapter Six The Experts: What Do They Say? 81 Chapter Seven The Ready Checklist 89 Step 2 Aim—What Do Your Future Customers Think? Chapter Eight Aim: The Overview 95 Chapter Nine Research: Learning What You Really Need to Know 99 Chapter Ten Interviews: Getting to the Market Pain 113 Chapter Eleven Who are You After? Finding Your Target Audience 127 Chapter Twelve Turning Data into Results: How to Practically Apply All That You’ve Learned 137 Chapter Thirteen Outside Help: Using Research Professionals 143 Chapter Fourteen Countdown: Preparing the Market for Your Product 145 Chapter Fifteen The Aim Checklist 147 Step 3 Fire—Blasting into the Market Chapter Sixteen Fire: The Overview 153 Chapter Seventeen Sales and Marketing: Budget for It 159 Chapter Eighteen The Details: Write Product Specs and Schedules 163 Chapter Nineteen Fast to Market: Get a Market-Oriented Product Out Quickly 171 Chapter Twenty Early Customers: Recruit Design Partners and Advisory Boards 179 Chapter Twenty-One Showtime: Launch, Market, and Sell the Product 189 Chapter Twenty-Two The Fire Checklist 195 About the Author 199 Index 201
Subject Areas: Business & management [KJ]
