Elements of the Value Proposition Canvas - Deepstash
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Elements of the Value Proposition Canvas

The Value Proposition Canvas has two sides: the customer profile (who your customer are) and the value map (how you create value for that customer). The goal is to achieve a fit between them.

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Prototyping

The practice of building quick, inexpensive, and rough study models to learn about the desirability, feasibility, and viability of alternative value propositions and business models.

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Understand your customers beyond your solution

For example, a movie theater chain competes for customer attention not only with other movie theaters but also with a broad range of alternative options: renting a movie at home, going out to dinner, visiting a spa, or maybe even attending an online virtual art exhibit with 3D glasses. 

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10 Prototyping Principles (part 1)

  1. Make it visual and tangible.
  2. Prototype “what can’t be done.” Don’t let existing knowledge get in the way of exploration.
  3. Don’t fall in love with first ideas — create alternatives. 
  4. Early in the process the right direction is unclear. It’s a liquid state. Don’t panic a...

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Customer Pains

Pains describe anything that annoys your customers before, during, and after trying to get a job done or simply prevents them from getting a job done. Pains also describe risks, that is, potential bad outcomes, related to getting a job done badly or not at all. 

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10 Prototyping Principles (part 2)

  1. Seek feedback early and often before refining. 
  2. Learn faster by failing early, often, and cheaply.
  3. Use creativity techniques. Dare to break out of how things are usually done in your company or industr...

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Don't have the Customer Profile yet?

You may begin exploring ideas by sketching out a profile based on what you believe your potential customers look like. This is an excellent starting point to prepare customer interviews and tests regarding your assumptions about customer jobs, pains, and gains.

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Customer Jobs

A customer job could be the tasks they are trying to perform and complete, the problems they are trying to solve, or the needs they are trying to satisfy.

  • Functional jobs: completing a specific task or solving a specific problem.
  • Social jobs: l...

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Customer Gains

Gains describe the outcomes and benefits your customers want. Some gains are required, expected, or desired by customers, and some would surprise them. Gains include functional utility, social gains, positive emotions, and cost savings. 

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Fit

Fit happens in three stages:

  1. The first occurs when you identify relevant customer jobs, pains, and gains you believe you can address with your value proposition. That's the problem-solution fit.
  2. The second occurs when customers positively react to your value pr...

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Prototype skeleton

Our [product/service] help(s) [customer segment] who want to [jobs to be done] by [your value proposition].

Example:

Our book helps business professionals who want to improve or build a business by

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A Value Proposition

  • While listing our skills is important, it is also imperative that we are able to identify and articulate our skills.
  • Certain transferable skills like an eye for detail or being able to communicate well are easily transferable across industries, but a specific skill like being well...

The Duties of a Customer Success Manager

The Duties of a Customer Success Manager

Customer Success Managers are responsible for developing a positive and trusting relationship with the client. This is a unique role that is a hybrid of customer service and sales.

When keeping up with your customer's value, it is important to communicate with them in a wa...

Verifying The Business Model

This pre-launch phase of the customer discovery process involves answering three critical questions:

  • Have you found a product-market fit? You have to be sure your product is a good fit for the market. Is this something a lot of people need? How well does it solve...

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