THISDAY

Building a Successful Product

- Marie-Therese Phido is Sales & Market Strategist and Business Coach Email: mphido@ elevato. com. ng tweeter handle @ osat2012 TeL: 0809015815­6 ( text only)

Last year, I built a consumer review website called Holler! (www.holleri.com). The objective of the site is to give consumers a voice across all spectrums. I looked at the Nigerian environmen­t and felt there was no site that gives consumers a place to either praise or vent based on their customer experience.

I can tell you for free that it has not been uhuru. It’s been one of the most difficult things I have done and we are still on it. People who have succeeded in building successful products and have sustained it, should be celebrated. Too many things affect your ability to succeed.

One of the most important is understand­ing human behavior. When building the site, I had a focus group of lawyers, consultant­s, technologi­sts and users from all demographi­cs and socio-economic background to test the useability and their reaction to the product. Their feedback were invaluable and we continue to work with various groups to continue its refinement. This rigorous testing has not been easy but, we have come to realize that it’s a necessity that must be ingrained in any change we make.

One process we have followed to the letter and are still following, which will be invaluable to you in your own product developmen­t is outlined in Rachael Meleney’s article “Here’s What Behavioral Science Says Will Help You Build a Successful Product” she says, “If you’re a resource-strapped entreprene­ur, you might think that running experiment­s with your products and services is the last thing you should be concerned about.

She says, think again. If you continue down the path of following your own bias-fraught intuition, the unreliable words of consumers, or the whim of influencer­s around you, then be prepared for many of your solutions to fail.

According to her, experiment­ation points you more assuredly in the direction of success by systematic­ally weeding out what works and what doesn’t. Building the capability to rigorously test new products and services, and iterations thereafter, undoubtedl­y saves time, energy, and resources in the long run by accelerati­ng the learning process and getting closer to effective and responsibl­e solutions.

If there’s one thing behavioral science tells us, it’s that there are all sorts of reasons that people don’t do what’s in their best interests. This has big implicatio­ns for you as a founder: Your users won’t act in rational ways. Hence, the reason to adopt savvy experiment­ing practices.

But this also means that you yourself are liable to succumb to barriers to behavior that’s in your best interest. Experiment­ation seems daunting, with big barriers to learning and proper execution. How can you begin to use rigorous experiment­s to find your way? Whether you’re course-correcting a wayward service, adapting a product to increase its effectiven­ess, or developing a new solution, let’s demystify the rigorous approach.

If you’re looking for a more reliable path to success, Rachael says, to start with these simplified steps, adapted from the scientific method and a behavioral science approach to problem solving.

Identify the key behavior your product or service aims to change

Your key behavior should be actionable, measurable, and uncomforta­bly specific. Your team should agree that this behavior is the single most important metric to track the success of your product or service. If your users do this one thing, you will have accomplish­ed what you set out to do. This quantifiab­le, observable behavior will be what you measure in your test.

Choose one critical barrier to your key behavior

What is a particular­ly tricky barrier getting in the way of your users completing the key behavior? Think of all the things that could possibly get a user hung up on their path to the key behavior. Chose a barrier that’s large enough that if eliminated, could have significan­t impact on rate of key behavior completion.

Choose a behavioral principle that you think might get users past this barrier

The change you’ll want to test is something you think will get users over the barrier and closer to completing the key behavior. Leveraging research-backed behavioral principles by adding them into your existing product can help users to overcome barriers typically caused by cognitive biases or insufficie­nt motivation. Consider which principle-- like social proof, loss aversion, or incentives-- you think my be effective in increasing the number of people who complete the key behavior.

Write down your hypothesis

To inform your hypothesis, look back at what you have guessed so far: that people are You can think about your hypothesis in this simple formula:

If we do this...then this will happen... because...

Create test conditions, finalizing the details of your test design

To set your experiment­al design, you need to determine your test conditions. Your control will be the step or section in your current product or service with no changes. Your test condition will be the same step in your current product or service plus the addition of the behavioral principle aimed at getting more people closer to completing the key behavior.

Choose a population you will test on, and randomize to your test conditions

Determine who your test participan­ts will be and how many participan­ts will make up your sample size. Don’t forget to randomly assign to test conditions. This is vital for scientific­ally reliable results-- you want to control for any bias that may lead a certain type of participan­t getting a particular test condition.

Follow your plan, run your test, and reflect on the results

When you run your test, carefully follow your predetermi­ned plan. To ensure you get the most out of your time and effort, consider before you run the experiment what decisions you will make based on what you learn from the data. After you execute your test, analyze the results, and make appropriat­e implementa­tions, reflect on your experiment­ation process and what you can do better next time”.

In conclusion, continue to practice the process, which we have been doing with Holler! and remember that testing is not a one-time endeavor-- practice is important to develop your skill. But even with one under your belt, you’re well on your way to building a testing capability that help you make more reliable business decisions that lead to more effective products.

 ??  ??

Newspapers in English

Newspapers from Nigeria