Technology Entrepreneurship
Professor Chuck Eesley, Stanford University
Assignments
Identifying the market opportunity / Low-fidelity Prototype due / testing your value proposition with customers
English Business (The react of Customer or Company)T鱈m C湛a
油
The document discusses a company's response when its products are found to be faulty. It recommends that companies acknowledge the problem, listen to customers respectfully and address their concerns, and provide compensation or discounts to satisfy customers. The document also notes examples of both appropriate responses from other companies as well as inappropriate responses that have angered customers.
This document discusses various aspects of starting and running a new business developing webpages, including advertising the business locally, setting up a human resources division, assigning responsibilities amongst partners, providing customer service, and studying the local market and competitors. For advertising, it suggests making a TV commercial, launching a company webpage, distributing advertising catalogs with newspapers, sending emails, and placing posters. For human resources, it proposes interview questions about qualifications, desired division, work history, reasons for interest, and potential ideas. Responsibilities would be divided amongst partners for finances, products, and complaints. Customer service would include apologies, fixes, quick response, added services, and free support to earn trust. Market study methods include checking competitor ads, surveys customers,
This document discusses the channels and strategies for a drop-in childcare business. It analyzes three main channels: store, internet, and direct sales. The store location will be the primary channel, allowing customers to see the facility firsthand. The internet channel expands the business's reach and allows customization. Direct sales are time-consuming but allow personalized marketing. Catalogs, TV, and vending machines are rejected as inappropriate channels. The business model is decentralized, using the store, internet, and direct sales concurrently.
Benchmade Knives uses a compact laser system from RMI Laser to personalize knives purchased directly from Benchmade on-site. This allows Benchmade to offer a unique, personalized experience that differentiates them from competitors. The portable laser system weighs less than 50 pounds and can be easily transported, allowing Benchmade to demonstrate and perform laser marking and personalization for customers. The laser system has been very successful for Benchmade and helped increase sales.
The document discusses various aspects of starting and running a new business, including advertising strategies, human resources practices, responsibilities of company partners, customer service approaches, and methods for studying the local market and competitors.
For advertising, ideas proposed include creating TV commercials, launching a company webpage, distributing advertising catalogs with newspapers, sending emails, and placing posters.
For human resources, questions for job interviews are provided, such as qualifications, desired division, work history, reasons for interest, and potential new ideas.
Responsibilities would be divided amongst partners, with clerical work overseeing finances, engineering overseeing products, and business activities overseeing complaints.
Customer service approaches in the event of product issues include apolog
This document discusses the benefits of e-commerce for businesses compared to traditional methods. It lists several key benefits for businesses that use e-commerce such as operating on a global scale, reducing costs, and being available to customers 24/7. It also notes benefits for customers like greater choice and convenience. Some potential disadvantages of e-commerce are also covered like data security issues and products that may not sell as well online.
Selicia LLP is a team of young entrepreneurs venturing into the cosmetics and beauty industry. They will represent Skin Factory, a leading skin care brand in Korea, Taiwan and Thailand. Selicia aims to help Skin Factory capture new markets through e-commerce, retailers and beauty salons. Their process involves discovery phases of stakeholder interviews and user research to understand user needs and identify problems. They will then structure the user experience and test solutions through rapid prototyping and user testing methods before finalizing an innovative approach.
The document is a project report for a smart mirror created by a student team. It includes an overview of the project, a list of the hardware and software used, including APIs and a Raspberry Pi. It describes changes made from the previous quarter, including struggles faced and contributions by team members. It provides details on the final product and lessons learned.
Glynn Spangenberg presented a concept for a smart mirror solution to the ATA TMC Future Truck Committee and 3600 Awareness Task Force. The smart mirrors would provide drivers with a 3600 view using sensors and video to improve safety. The mirrors would be mounted intuitively like traditional mirrors and use haptic feedback and displays to alert drivers to threats. This would allow for improved awareness of blind spots and backing assistance.
Smart Mirrors Technologies and Markets, 2015-2022n-tech Research
油
In this report n-tech Research updates our evaluation of the various types of technologies that companies are using to make mirrors "smart," while noting how different sectors may have different value propositions. We also explore the various market drivers for "smart mirrors" the four key end-market sectors: automotive, home/consumer, retail/commercial, and medical/healthcare. We provide eight-year forecasts for the various "smart" technologies in each sector, both in volumes and in value terms.
This report is designed to provide guidance for marketing, business, and technology executives from not only the traditional "mirror" sector (i.e. glass and coatings), but also from the various electronics sectors providing these "smart" functionalities, particularly displays, touch sensors, and consumer electronics. We also believe this report will be valuable to evaluators in these end-markets as they evaluate how such "smart mirrors" are evolving to meet their unique application requirements.
- See more at: http://ntechresearch.com/market_reports/smart-mirrors-technologies-and-markets-2015-2022
This document provides instructions and component lists for several Raspberry Pi powered projects:
1. A magic mirror project using a picture frame, one-way mirror film, old computer monitor, Raspberry Pi, Chromium browser in kiosk mode, and Skywriter module.
2. A tweeting camera stuffed animal using a stuffed animal, battery, Raspberry Pi B+, camera, button, wiring, Twitter app authorization, and Python code.
3. A 4M kit hacks project using a 4M kit, jumper wires, batteries, Raspberry Pi, and Python code to teach coding concepts by controlling motors and components.
4. A motorized paper airplane launcher using a plastic base, Leg
This document provides instructions for a coding workshop where participants will build a small rotating art project using a Raspberry Pi, Pibrella board, motor, and other accessories. Attendees will write Python code to control the motor and spin their attached art project. The code examples show how to import libraries, turn the motor on and off, and add time delays to control the spinning duration. More advanced examples add button control so the project only spins when the button is pressed. The goal is for participants to create an original rotating sculpture and experiment with coding techniques to achieve different spinning motions.
Magic Mirror can be flush mounted into a wall or a cubicle that makes it looks like a normal mirror in the wedding boutiques, to better fit with the store's interiors. Magic Mirror virtual fitting apps are developed using the latest augmented reality technology to create revolutionized gown hunting process, facilitating brides-to-be in searching for their dream gown and alleviating some of their physical and mental stress.
Project Glass is a Google research project to develop smart glasses featuring a head-mounted display and allowing hands-free access to information via natural language voice commands. The glasses are being developed by Google X Lab and will communicate with mobile phones via WiFi to display notifications and respond to voice commands. Some key features of Google Glass include a small video display, camera, speaker, microphone and touchpad. [/SUMMARY]
The document describes various smart and connected devices for homes and consumers. It provides examples of Internet of Things devices such as a smart fork that monitors eating habits, a smart cup that tracks liquid consumption, and a smart toothbrush that engages users in their oral hygiene routine. It also lists devices for other activities like gardening, sports training, home security, pet care, and more that connect to smartphones and the Internet to provide remote access and data collection. The devices demonstrate how almost any everyday object can be made smart and integrated into the growing Internet of Things ecosystem.
CDI Founder Workshop Session 4 - Lean Startup Methodologies - Kayla Trautwein- EvoNexus (https://www.linkedin.com/in/kayla-trautwein-b3bbb621)
Time/ Date- Nov 8th, 6p-8p
Description- Founders often fall into a trap: building a solution for a problem they arent sure that their customer really has. With so many options available to consumers, its difficult for businesses to stay above the noise. No longer can we ask Can we build this? Rather, the question has become Should we build this? In other words, Are we building something that customers really want/need? After all, the customer is always right.
One of the biggest challenges for entrepreneurs is finding product-market fit, and this journey all begins with customer development. The Lean Startup Methodology will teach you best practices in customer development which will lead you to determine whether to 1) improve the solution you have built, 2) change direction (pivot) or 3) abandon your product or service and try something new. With the odds of failure so high for todays startups, the Lean Startup Methodology offers an essential regimen for failing fast and iterating so that you have a better chance for success.
Homework-
Watch The Lean Approach: The Lean Method with Steve Blank by the Kauffman Founders School.
Watch The Lean Approach: Getting Out of the Building: Customer Development with Steve Blank by the Kauffman Founders School.
Read Customer Development: What Questions Do You Ask Potential Customers?
Watch Good and Bad Examples of Customer Interview Questions.
Engagement
From the video and blog content, youve learned that in order to keep driving your product/service in its current direction you should have some validation from potential customers. In the Lean Startup Methodologies Session were going to walk through some sample customer interview exercises to help you think about ways to get closer to product/market fit and give you tools to help determine when its necessary to make a pivot. If you dont currently have a startup youre working on, no problem. This session will still be beneficial as you think about other applications for customer interviews, whether its in your current job or in a networking scenario.
Make your Sales more competitive and result oriented by implementing the Advanced Sales Strategies.
Especially designed for Large Account Sales to get new tickets, bigger revenues and prestigious closures.
The presentation will provide insight on approach, how's with relevant case studies and examples.
Knowing how buying works help you sell better. This is a presentation I made 1.5 years ago on that topic. My humble attempt at deconstructing the buying process.
Presentation 際際滷s - Training on Business Development - Mr. Sohan Babu KhatriMobileNepal
油
This document discusses business models and strategies for mobile apps. It begins by outlining the key components of a business model, including value proposition, customer segments, channels, customer relationships, revenue streams, and costs. It then discusses various business models commonly used for apps, such as free with ads, freemium, paid apps, in-app purchases, subscriptions, and sponsorships. The document emphasizes the importance of understanding customers, testing different monetization strategies, and adapting the business model based on what works best in the market.
This document summarizes a sales management case study involving Cardinal Connectors, a medium-sized business that manufactures custom circuit board connectors. The CEO, Bill van der Merwe, wants to replace the company's 30 salespeople and network of wholesalers with an ecommerce strategy using a company website. The sales manager, Mike Malan, is concerned about losing his job and other implications of the strategy. While he respects the CEO's innovative thinking, Malan believes the strategy is too extreme and should be incorporated into their current multiple sales channel approach instead of replacing it entirely.
A strong hypothesis is the heart of data-driven product discovery & development. It helps you turn data and insights about your users behavior into focused proposals that youll take action on.
Check out this very exclusive presentation from Jason G'Sell Lead Training Consultant and get a framework to help you and your team form strong experiment hypotheses and come up with the right products and features for your customers.
Youll learn:
- How and when to introduce experimentation into your product development process
- Identifying the differences between Optimization & Discovery
- Building successful experiments in your product development lifecycle
The team conducted surveys with restaurants and food businesses in Bolivia and the US to gather data for their e-Gourmet online platform project. Key findings from the surveys include:
- Most respondents said they use the internet for their business and tools like Facebook, email, and websites to manage customer relationships.
- Many offer home delivery but it can take over 45 minutes; most send orders via internal staff.
- Respondents were interested in an online tool to manage customers and suppliers.
The team analyzed the results to validate their hypothesis that e-Gourmet is a platform that can manage the restaurant value chain online, including customer ordering and supplier relationships. They maintained their initial hypothesis based on the positive survey
The document discusses introducing self-laundry services in India. It outlines objectives like finding the right target market and price. A literature review found demand for laundry services. A survey of 203 people found 65% were unaware of such services. Most preferred affordable prices, quick turnaround times, and added services like pickup/delivery. The analysis found people typically wash clothes twice a week and are open to using new laundry options. This suggests self-laundry services could succeed in India with proper marketing, competitive prices and additional convenient options.
Try'em Up-Marketing Plan for a new appPrachi Bafna
油
Marketing Plan for a new app
This app offers the users a simple way to save their time and money by virtually trying outfits and accessories & choosing what suits them well with just one click. It lets you try on complete looks virtually, like using a magic mirror!
The team conducted surveys with restaurants and food businesses in Bolivia and the US to gather data for their e-Gourmet platform project. Key findings from the surveys include:
- Over 70% of respondents said they use the internet to manage customer and supplier relationships
- Respondents expressed a need for a platform to connect restaurants, suppliers, and customers online
- Most respondents said they would use an online tool for these relationships
- The team's hypothesis that e-Gourmet is a platform to manage the restaurant value chain online, including customer ordering and supplier relationships, was confirmed by the survey results.
Created & Presented by Anshumani Ruddra, Group Product Manager,
Google, at EngageMint, Asia's largest Retention Marketing Conference.
Anshumani covers various frameworks that can help you with your decision-making process while going about user engagement, how your brand shouldn't try to engage your customers and how to give them a good experience so they keep coming back for more.
In this session he covers:
- Masterlist of Dos and Don'ts
- Group Discussion / Submission of Entries
- Insights from Speakers on the Playbook
About the speaker:
Anshumani Ruddra handles product development (web and mobile) for the second largest mobile market in the world, India. He has successfully managed large products - in terms of total install base, active users and revenue - and large teams & his previous stints include some leading brands in the industry like Hotstar, Cuemath, Practo, Tiny Mogul Games, etc.
About EngageMint:
Hosted with love by WebEngage, EngageMint is a platform that brings together marketers and product managers from across Asia, passionate about one thing - giving their customers the aha experiences they deserve. At EngageMint, we strongly believe that by equipping professionals with the right strategies, we can initiate a massive shift in the way businesses think about growth, product experiences, customer retention, and everything else in between.
All our sessions are hand-curated and deep-dive into each aspect of user engagement and retention. So all you have to do is take notes and implement these learnings as soon as you get back to work! More details: https://webengage.com/engagemint/
WebEngage is a new age Retention Operating System, a single suite for marketers to store user data, provide actionable insights, orchestrate omnichannel campaigns by leveraging user insights to provide a hyper-personalized end-user experience.
The platform helps brands drive more revenue from existing customers and anonymous users across 10+ communication channels. WebEngage goes above and beyond a marketing automation platform and powers the user engagement for thousands of enterprise brands worldwide, working across several industries like E-Commerce, Edtech, Fintech, Foodtech, Media & Publications, Gaming, BFSI, Healthcare, Online Retail. The key clientele includes marquee brands like HUL, Bajaj Finserv, Unacademy, ALT Balaji, MakeMyTrip, Zivame, Firstcry, and many more.
----------------------------------------------
To know more about WebEngage, visit - https://webengage.com/
Book a demo with us: https://webengage.com/campaign-lp/request-a-demo/?utm_source=youtube&utm_medium=social&utm_campaign=engagemint2022&utm_term=anshumaniruddra
To know the latest insights on customer retention and marketing automation worldwide, follow us here:
Twitter: https://twitter.com/WebEngage
LinkedIn: https://www.linkedin.com/company/webengage
Facebook: https://www.facebook.com/WebEngage/
Instagram: https://www.instagram.com/webengage/
The team proposes an e-commerce platform called "E-gourmet" to help restaurants connect with customers and suppliers. They conducted surveys with restaurants in Bolivia and Virginia to understand their needs and validate the market. Most restaurants surveyed use the internet and tools like Facebook and websites to engage customers. They are interested in solutions that can increase sales and optimize ordering through online reservations and payments. The team believes their free platform can create value by connecting the entire supply chain for restaurants.
The team proposes an e-commerce platform called "E-Gourmet" to help restaurants connect with customers and suppliers. They conducted surveys of restaurants in Bolivia and Virginia to understand their needs and evaluate the market potential. Most restaurants surveyed are interested in online tools to improve sales, customer relationships and supply chain management. The team's analysis indicates opportunities to offer an online platform that streamlines ordering and reservations, provides customer feedback, and connects restaurants directly to suppliers.
This document summarizes research conducted by a team on creativity in the cosmetics industry. Through surveys and interviews at Sephora stores, the team found that many cosmetics users struggle to find products that match their skin tone. They observed Sephora's Color IQ machine, which identifies matching products but has limitations. The team's research showed opportunities to help users select the right makeup through an improved technology solution. Their goal is to develop a concept that provides an easy, efficient way for women to find matching products and feel confident in their purchases.
The document is a project report for a smart mirror created by a student team. It includes an overview of the project, a list of the hardware and software used, including APIs and a Raspberry Pi. It describes changes made from the previous quarter, including struggles faced and contributions by team members. It provides details on the final product and lessons learned.
Glynn Spangenberg presented a concept for a smart mirror solution to the ATA TMC Future Truck Committee and 3600 Awareness Task Force. The smart mirrors would provide drivers with a 3600 view using sensors and video to improve safety. The mirrors would be mounted intuitively like traditional mirrors and use haptic feedback and displays to alert drivers to threats. This would allow for improved awareness of blind spots and backing assistance.
Smart Mirrors Technologies and Markets, 2015-2022n-tech Research
油
In this report n-tech Research updates our evaluation of the various types of technologies that companies are using to make mirrors "smart," while noting how different sectors may have different value propositions. We also explore the various market drivers for "smart mirrors" the four key end-market sectors: automotive, home/consumer, retail/commercial, and medical/healthcare. We provide eight-year forecasts for the various "smart" technologies in each sector, both in volumes and in value terms.
This report is designed to provide guidance for marketing, business, and technology executives from not only the traditional "mirror" sector (i.e. glass and coatings), but also from the various electronics sectors providing these "smart" functionalities, particularly displays, touch sensors, and consumer electronics. We also believe this report will be valuable to evaluators in these end-markets as they evaluate how such "smart mirrors" are evolving to meet their unique application requirements.
- See more at: http://ntechresearch.com/market_reports/smart-mirrors-technologies-and-markets-2015-2022
This document provides instructions and component lists for several Raspberry Pi powered projects:
1. A magic mirror project using a picture frame, one-way mirror film, old computer monitor, Raspberry Pi, Chromium browser in kiosk mode, and Skywriter module.
2. A tweeting camera stuffed animal using a stuffed animal, battery, Raspberry Pi B+, camera, button, wiring, Twitter app authorization, and Python code.
3. A 4M kit hacks project using a 4M kit, jumper wires, batteries, Raspberry Pi, and Python code to teach coding concepts by controlling motors and components.
4. A motorized paper airplane launcher using a plastic base, Leg
This document provides instructions for a coding workshop where participants will build a small rotating art project using a Raspberry Pi, Pibrella board, motor, and other accessories. Attendees will write Python code to control the motor and spin their attached art project. The code examples show how to import libraries, turn the motor on and off, and add time delays to control the spinning duration. More advanced examples add button control so the project only spins when the button is pressed. The goal is for participants to create an original rotating sculpture and experiment with coding techniques to achieve different spinning motions.
Magic Mirror can be flush mounted into a wall or a cubicle that makes it looks like a normal mirror in the wedding boutiques, to better fit with the store's interiors. Magic Mirror virtual fitting apps are developed using the latest augmented reality technology to create revolutionized gown hunting process, facilitating brides-to-be in searching for their dream gown and alleviating some of their physical and mental stress.
Project Glass is a Google research project to develop smart glasses featuring a head-mounted display and allowing hands-free access to information via natural language voice commands. The glasses are being developed by Google X Lab and will communicate with mobile phones via WiFi to display notifications and respond to voice commands. Some key features of Google Glass include a small video display, camera, speaker, microphone and touchpad. [/SUMMARY]
The document describes various smart and connected devices for homes and consumers. It provides examples of Internet of Things devices such as a smart fork that monitors eating habits, a smart cup that tracks liquid consumption, and a smart toothbrush that engages users in their oral hygiene routine. It also lists devices for other activities like gardening, sports training, home security, pet care, and more that connect to smartphones and the Internet to provide remote access and data collection. The devices demonstrate how almost any everyday object can be made smart and integrated into the growing Internet of Things ecosystem.
CDI Founder Workshop Session 4 - Lean Startup Methodologies - Kayla Trautwein- EvoNexus (https://www.linkedin.com/in/kayla-trautwein-b3bbb621)
Time/ Date- Nov 8th, 6p-8p
Description- Founders often fall into a trap: building a solution for a problem they arent sure that their customer really has. With so many options available to consumers, its difficult for businesses to stay above the noise. No longer can we ask Can we build this? Rather, the question has become Should we build this? In other words, Are we building something that customers really want/need? After all, the customer is always right.
One of the biggest challenges for entrepreneurs is finding product-market fit, and this journey all begins with customer development. The Lean Startup Methodology will teach you best practices in customer development which will lead you to determine whether to 1) improve the solution you have built, 2) change direction (pivot) or 3) abandon your product or service and try something new. With the odds of failure so high for todays startups, the Lean Startup Methodology offers an essential regimen for failing fast and iterating so that you have a better chance for success.
Homework-
Watch The Lean Approach: The Lean Method with Steve Blank by the Kauffman Founders School.
Watch The Lean Approach: Getting Out of the Building: Customer Development with Steve Blank by the Kauffman Founders School.
Read Customer Development: What Questions Do You Ask Potential Customers?
Watch Good and Bad Examples of Customer Interview Questions.
Engagement
From the video and blog content, youve learned that in order to keep driving your product/service in its current direction you should have some validation from potential customers. In the Lean Startup Methodologies Session were going to walk through some sample customer interview exercises to help you think about ways to get closer to product/market fit and give you tools to help determine when its necessary to make a pivot. If you dont currently have a startup youre working on, no problem. This session will still be beneficial as you think about other applications for customer interviews, whether its in your current job or in a networking scenario.
Make your Sales more competitive and result oriented by implementing the Advanced Sales Strategies.
Especially designed for Large Account Sales to get new tickets, bigger revenues and prestigious closures.
The presentation will provide insight on approach, how's with relevant case studies and examples.
Knowing how buying works help you sell better. This is a presentation I made 1.5 years ago on that topic. My humble attempt at deconstructing the buying process.
Presentation 際際滷s - Training on Business Development - Mr. Sohan Babu KhatriMobileNepal
油
This document discusses business models and strategies for mobile apps. It begins by outlining the key components of a business model, including value proposition, customer segments, channels, customer relationships, revenue streams, and costs. It then discusses various business models commonly used for apps, such as free with ads, freemium, paid apps, in-app purchases, subscriptions, and sponsorships. The document emphasizes the importance of understanding customers, testing different monetization strategies, and adapting the business model based on what works best in the market.
This document summarizes a sales management case study involving Cardinal Connectors, a medium-sized business that manufactures custom circuit board connectors. The CEO, Bill van der Merwe, wants to replace the company's 30 salespeople and network of wholesalers with an ecommerce strategy using a company website. The sales manager, Mike Malan, is concerned about losing his job and other implications of the strategy. While he respects the CEO's innovative thinking, Malan believes the strategy is too extreme and should be incorporated into their current multiple sales channel approach instead of replacing it entirely.
A strong hypothesis is the heart of data-driven product discovery & development. It helps you turn data and insights about your users behavior into focused proposals that youll take action on.
Check out this very exclusive presentation from Jason G'Sell Lead Training Consultant and get a framework to help you and your team form strong experiment hypotheses and come up with the right products and features for your customers.
Youll learn:
- How and when to introduce experimentation into your product development process
- Identifying the differences between Optimization & Discovery
- Building successful experiments in your product development lifecycle
The team conducted surveys with restaurants and food businesses in Bolivia and the US to gather data for their e-Gourmet online platform project. Key findings from the surveys include:
- Most respondents said they use the internet for their business and tools like Facebook, email, and websites to manage customer relationships.
- Many offer home delivery but it can take over 45 minutes; most send orders via internal staff.
- Respondents were interested in an online tool to manage customers and suppliers.
The team analyzed the results to validate their hypothesis that e-Gourmet is a platform that can manage the restaurant value chain online, including customer ordering and supplier relationships. They maintained their initial hypothesis based on the positive survey
The document discusses introducing self-laundry services in India. It outlines objectives like finding the right target market and price. A literature review found demand for laundry services. A survey of 203 people found 65% were unaware of such services. Most preferred affordable prices, quick turnaround times, and added services like pickup/delivery. The analysis found people typically wash clothes twice a week and are open to using new laundry options. This suggests self-laundry services could succeed in India with proper marketing, competitive prices and additional convenient options.
Try'em Up-Marketing Plan for a new appPrachi Bafna
油
Marketing Plan for a new app
This app offers the users a simple way to save their time and money by virtually trying outfits and accessories & choosing what suits them well with just one click. It lets you try on complete looks virtually, like using a magic mirror!
The team conducted surveys with restaurants and food businesses in Bolivia and the US to gather data for their e-Gourmet platform project. Key findings from the surveys include:
- Over 70% of respondents said they use the internet to manage customer and supplier relationships
- Respondents expressed a need for a platform to connect restaurants, suppliers, and customers online
- Most respondents said they would use an online tool for these relationships
- The team's hypothesis that e-Gourmet is a platform to manage the restaurant value chain online, including customer ordering and supplier relationships, was confirmed by the survey results.
Created & Presented by Anshumani Ruddra, Group Product Manager,
Google, at EngageMint, Asia's largest Retention Marketing Conference.
Anshumani covers various frameworks that can help you with your decision-making process while going about user engagement, how your brand shouldn't try to engage your customers and how to give them a good experience so they keep coming back for more.
In this session he covers:
- Masterlist of Dos and Don'ts
- Group Discussion / Submission of Entries
- Insights from Speakers on the Playbook
About the speaker:
Anshumani Ruddra handles product development (web and mobile) for the second largest mobile market in the world, India. He has successfully managed large products - in terms of total install base, active users and revenue - and large teams & his previous stints include some leading brands in the industry like Hotstar, Cuemath, Practo, Tiny Mogul Games, etc.
About EngageMint:
Hosted with love by WebEngage, EngageMint is a platform that brings together marketers and product managers from across Asia, passionate about one thing - giving their customers the aha experiences they deserve. At EngageMint, we strongly believe that by equipping professionals with the right strategies, we can initiate a massive shift in the way businesses think about growth, product experiences, customer retention, and everything else in between.
All our sessions are hand-curated and deep-dive into each aspect of user engagement and retention. So all you have to do is take notes and implement these learnings as soon as you get back to work! More details: https://webengage.com/engagemint/
WebEngage is a new age Retention Operating System, a single suite for marketers to store user data, provide actionable insights, orchestrate omnichannel campaigns by leveraging user insights to provide a hyper-personalized end-user experience.
The platform helps brands drive more revenue from existing customers and anonymous users across 10+ communication channels. WebEngage goes above and beyond a marketing automation platform and powers the user engagement for thousands of enterprise brands worldwide, working across several industries like E-Commerce, Edtech, Fintech, Foodtech, Media & Publications, Gaming, BFSI, Healthcare, Online Retail. The key clientele includes marquee brands like HUL, Bajaj Finserv, Unacademy, ALT Balaji, MakeMyTrip, Zivame, Firstcry, and many more.
----------------------------------------------
To know more about WebEngage, visit - https://webengage.com/
Book a demo with us: https://webengage.com/campaign-lp/request-a-demo/?utm_source=youtube&utm_medium=social&utm_campaign=engagemint2022&utm_term=anshumaniruddra
To know the latest insights on customer retention and marketing automation worldwide, follow us here:
Twitter: https://twitter.com/WebEngage
LinkedIn: https://www.linkedin.com/company/webengage
Facebook: https://www.facebook.com/WebEngage/
Instagram: https://www.instagram.com/webengage/
The team proposes an e-commerce platform called "E-gourmet" to help restaurants connect with customers and suppliers. They conducted surveys with restaurants in Bolivia and Virginia to understand their needs and validate the market. Most restaurants surveyed use the internet and tools like Facebook and websites to engage customers. They are interested in solutions that can increase sales and optimize ordering through online reservations and payments. The team believes their free platform can create value by connecting the entire supply chain for restaurants.
The team proposes an e-commerce platform called "E-Gourmet" to help restaurants connect with customers and suppliers. They conducted surveys of restaurants in Bolivia and Virginia to understand their needs and evaluate the market potential. Most restaurants surveyed are interested in online tools to improve sales, customer relationships and supply chain management. The team's analysis indicates opportunities to offer an online platform that streamlines ordering and reservations, provides customer feedback, and connects restaurants directly to suppliers.
This document summarizes research conducted by a team on creativity in the cosmetics industry. Through surveys and interviews at Sephora stores, the team found that many cosmetics users struggle to find products that match their skin tone. They observed Sephora's Color IQ machine, which identifies matching products but has limitations. The team's research showed opportunities to help users select the right makeup through an improved technology solution. Their goal is to develop a concept that provides an easy, efficient way for women to find matching products and feel confident in their purchases.
The Thrift Shop app allows users to post pictures of their thrift store finds and have other users vote on the best outfits of the week. It encourages sustainable and economical shopping at local thrift stores by promoting reuse and recycling of clothes. As the first app of its kind, it gives users a fun way to show off their unique fashion, compete for best outfit, and vote on their favorite thrift shop looks. When surveyed, 91% of respondents said they would be interested in using the app.
Lean Management Review at Volunteer MauritiusMushood Badulla
油
Start Up Mauritius provides lean management training to help participants successfully complete an entrepreneurial internship. The training covers lean startup techniques like developing value and growth hypotheses to test assumptions about business ideas. A key technique taught is creating a minimum viable product (MVP) - a basic version of the product with minimum features - to test assumptions without large investments. Participants will learn to test MVPs, analyze results, and either improve the product or "pivot" the business strategy based on what they learn to increase chances of success. The goal is for participants to gain experience from an initial failure in order to succeed in future business endeavors.
This document provides 5 points on how to advertise a sporting goods business in the local community. Point 1 discusses using various media like TV, newspaper and radio for advertising. Point 2 discusses making a website to list product prices. Point 3 discusses putting posters around town. Point 4 discusses making a business plan to identify weaknesses and strengths. Point 5 discusses submitting the website to link directories for more exposure and backlinks.
This document provides 5 points on how to advertise a sporting goods business in the local community. Point 1 discusses using various media like TV, newspaper and radio for advertising. Point 2 discusses making a website to list product prices. Point 3 discusses putting posters around town. Point 4 discusses making a business plan to identify weaknesses and strengths. Point 5 discusses submitting the website to link directories for more exposure and backlinks.
04: How To Engage And Retain Your Current And Future UsersLogan Merrick
油
In this episode of The Buzinga Podcast, Logan talks about a big issue for developers - retention. Here's how to engage and retain your users so you are squeezing the most value from them.
2. MAGIC MIRROR IN BRIEF
Its a mobile application.
It shows newly arrived dresses, top sellers .
It let the costumer to see how they look in a specific
dress before buying it. He/she can share it in social
networks to gather his/her friends opinion .
Its free, but it has some extra services that
customers are ready to pay for.
3. BEFORE INTERVIEW
We prepared our canvas model(URL:
http://venture-lab.org/venture/team_ideas/6891)
We thought what services will shape our revenue
stream.
We designed some critical questions.
We considered that questions must simple, short
and easy to answer.
The questions are in two categories:
Questions for customers
Question for vendors
Adding new rule for OAP
4. FACE TO FACE INTERVIEWS
Goals:
Testing our "value proposition" with potential customers.
Reconfirming our knowledge about the application.
Customers problems Recognition.
New Goals- Learning from customers(OAP):
Is customers really want our solution?
Is they want any other problem that we solve?
How they solve the problem, now?
5. INTERVIEWEE STATISTICS- FIRST INTERVIEW
Total of interviewee 25
Total of customers 18
Total of vendors 7
men
Women
shop shop sellers
customers
7. CUSTOMERS QUESTIONS(ADDED)
1. If there is a free app for mobile that you can wear
a dress virtually and see how do you look like?
Will you install it on your cell phone?
2. If yes, how many times you use it? For
example, daily, monthly, per case,
3. If you like it, what is the percentage of your future
shopping will be done with this app?
4. For what extra services will you pay?
5. Any other suggestion do you have?
6. Do you think anything else that we could solve or
improve?
8. OAP CHECK
We check our questions with OAP values
Is customers really want our solution?
Answering to question 1 and to 3, showed us that they
really want it, they asked us when it will come to
marketing and how they can get it!
How they solve the problem, now?
Most of them go to shop and find what they want, for
doing that they are spending a lot of time and money.
Is they want any other problem that we solve?
Yes, customer choose the model of dress and
upload, we prepare all other process(like buying the
cloth and giving to tailor and) till we delivery the dress
to him or her.
9. CUSTOMER ANSWERS
NEW INTERVIEW ADDED
Q1: Q2: Using Q3: Q4: Paying for Q5:
Free App, How Percentage extra services Suggestions
App many of using this
Installat app of total
ion
85% yes 2 men use it Average of 100% Yes 1-Giving special
rarely. answering is Some services are: offers or
18 men and 75% 1. Free delivery accessories in
1 woman 2. Cash back in random
use it when case of 2-Wild variety of
they need to dissatisfaction clothing and
shop dress. 3. Showing fashion is great
8 women Auctions and 3-Physical
use it very their remaining shopping is fun
often. time and enjoyable
1 women 4. Looking for a 4-Persons that
used by special dress have Excessive
situation for a ceremony working hours
use it very much
10. VENDORS QUESTIONS
What is the percentage of success for this
application? why?
Do you see similar service?
As a vendor, do you want to pay for this app? How?
Do you have any question or problem with this
app?
11. VENDORS ANSWERS
Q1: Q2: Similar Q3: Percentage Q5: Problems or
Percentage service of paying users questions
of successful lunch - How
Why
75% One vendor: 90% 1-What is the best
Some web If we (vendors) price or affordable
Positive reasons: sites, but not can trust this app. for dress, because
1. It develops more exactly similar there is not haggling
costumers. How: 2-Physical shopping
2. Its attractive. 8 vendors: No 2 vendor: is fun and enjoyable
Per case 3-Trusting to
Negative reasons: 5 vendor: application is very
1. Women like to see By subscription important
closes physically. 2 vendor: Testing
2. Women like a short period
haggling. and then
3. Copying our best choosing the
selling models by method
our competitors
12. FRAMING AND REFRAMING OUR THINKING IN
CUSTOMER SECTION (OAP ADDED)
In this section we have not any important
problem.
We found some new extra services that
customers would like to pay for.
Some of them were thought that its a
replacement of physical shopping, but this
product is a complementary service, does not
compete with other types of shopping.
Security of application is important
13. FRAMING AND REFRAMING OUR THINKING IN
CUSTOMER SECTION (OAP ADDED)
Adding new opportunities: choosing
Jewelries, bags, shoes and ... Can also be
added to this service.
14. FRAMING AND REFRAMING OUR THINKING
VENDOR SECTION
There are 3 main problem in this section that are
new for us:
Problem 1: How can vendors trust this service?
Answer: Where as this is a freemium service, vendors loose
anything when using our service so we can encourage them to
try it once.
Problem 2: Women like haggling
Answer:
Needs for haggling arises when customers do not rely on
product prices, where as this system helps to moderate
prices.
This product is a complementary service, does not compete
with other types of shopping. This product empowers
shopping.