What problems are How will you solve these Proposition Advantage Segments people facing? List their problems? Write down a What separates you Create 3 to 4 personas How will you turn an top 3 frustrations. solution for each from competitors? What of the people you can unaware visitor into an problem. interested customer? makes you ahead of the help. Visualize these Create a clear and pack? people who will turn to compelling one-liner you for solutions. message you want to send across.
Existing Key Metrics Channels
Alternatives How will you measure How will you reach your How are these problems the success of your target consumers? solved today? This can product or service? High Level Direct marketing, social be a direct competitor List the key metrics. Concept media, ads, partnerships Early Adopters to what you are offering — identify the effective or the existing ways How does your product ways to reach them. What are the specific people are employing to or service fit into the characteristics of your address their problems. grand scheme of things? early adopters?
Cost Structure Revenue Streams
What are the fixed and variable costs to launch your product or service? What money sources will grow your money? How will you generate Consider the cost at each stage from setting up a website, hiring income? Show a pricing model of your product or service and include employees, production, marketing, and bringing them to consumers. other revenue sources, such as sales and subscription fees.