Community Building for Product Validation


Manage episode 353940854 series 1461986
By Michael Veazey. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Vance Lee is the founder of Playground Theory, a company specializing in community building for product validation. In this episode, Vance will discuss the importance of building a strong community for product validation and how to effectively engage with potential customers to gather valuable feedback and insights. He will share his expertise and experiences in creating successful communities and how it can help companies validate and improve their products. Time Stamps 00:00 | Introduction 02:13 | Introduction to Product Validation 04:59 | Scaling Product Validation 07:41 | How do we even find people to even ask their opinion of 11:58 | How Do We Start That Conversation In a Way That's Helpful? 14:25 | The Five Question Survey 18:27 | Mistakes To Avoid 22:33 | More About Playground Theory Introduction to Product Validation for Amazon Sellers Vance Lee of Playground Theory is an expert in pre-orders and crowdfunding Discusses the importance of product validation for Amazon sellers The process of validating a product involves figuring out if people want it and what they want/don't want about it Validation helps to ensure the product is successful and profitable before investing time and money The Importance of Product Validation Product validation is an important step before investing resources in a new/existing product Without validation, companies may spend time and money on a product nobody wants The traditional Amazon private label process involves looking at reviews, but it's important to look at other options for validation Validation ensures the product will be successful and profitable Understanding Product Validation The speaker discusses the concept of product validation and how it's crucial before scaling a product Defines validation as getting feedback from customers about the product and understanding their needs Mentioned Andreessen's idea of product-market fit as another important aspect of validation By getting customer feedback, businesses can make sure the product has the desired features and is viable The Process of Product Validation Validation is the process of getting feedback from potential customers to make sure the product meets their needs Involves talking to people and getting their opinions, as well as market research Helps to create a defensible product that sets the business apart from competitors Also involves talking to suppliers to see if the product is feasible and the necessary resources are available Validation helps to create a unique product that fulfills its primary and secondary functions and desired price point. Resources Ready to take your Amazon business to the next level? Visit today and unlock the power of community-driven product validation. Get the expert insights and resources you need to validate your products and ensure their success and profitability. Don't wait, click now and join the revolution!

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