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Research Outline
Prepared for Cameron H. | Delivered December 2, 2019
Market Fit
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Goals
In order to identify when to release a vacation planning app, provide case studies on products without market fit and what they did to revise their product. Ideally, the case studies would be on tech products, especially apps.
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Early Findings
Groove
Groove is a B2B company that supplies
help desk software
.
CEO Alex Turnbull has spoken about the company's struggle to
find product market fit
in the early phases of their launch.
After the company launched but realized their
churn rate
was increasing, Turnbull reached out to every single customer for feedback.
The customers identified
pain points
in the on boarding process, bugs customers were having with the app, new features customers wanted, and more.
The company was able to
repair
customer relations, launch bug fixes, improve their copy and marketing, and focus in on feature's customers really desired.
In doing so, the company began to
see results
in just a few months, with customers being more positive about the product. Eventually, the company reached their target net promoter score of over
40%
, which signaled they had found product market fit.
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