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Product Market Fit for a Shifting Marketplace
July 27, 2022
Product Leaders are facing a rapidly changing marketplace and traditional means of learning are outdated. We are looking to understand how product lea... See moreders today are adjusting to their changing environments and markets. See less
Board Score: 17
Focus: Points earned per input
Accountability: Points earned in all areas
Sense of Urgency: Frequency of points earned
Team: Recognizes teammates with relevant content
Executive Summary
Multiple Research Learning Tools are used to better understand the Voice of Constomer (VOC)
- Business teams need VOC Research Learning Tools and they provide generally neutral to somewhat favorable ratings for those available
- A variety of Research Learning Tools are needed to uncover insights, highlight opportunities and obstacles
- Capturing VOC insights warrants a variety of tools which are selected based on product life stage and business issues
- Best Practices are applied to understand and apply the optimal Research Learning Tools
Theme Content Brief
Audience
The intended reader of this deliverable is a product development professional who is creating or evolving Research Learning Tools which help to get a better grasp on the Voice of the Customer.
Title Suggestion
Evolution of Research Learning Tools for Marketing & Research Professionals
Angle
There is opportuniy to create new RLT's or evolve the current tools. There are moderate satisfaction levels with room for optimization.


We learned alot with the first theme. There are a variety of available traditional Research Learning Tools (RLT's) and there are key drivers for why some are utilized and obstacles which leave room for innovation. Let's get deeper into the topic by exploring the various RLT alternatives and solutions:
- What are you and your team currently doing to meet your Voice of Consumer needs?
- What are the most viable solutions or alternatives that you are aware of?
- Are there specific use cases you would use or not use certain solutions and why?



Right now we're building a learning plan for a product we are considering to launch. We've done some surveys and tied it back to existing customer data, but we still have a set of known unknowns that we want to have answered to remove risk from the project.
By listing out these questions in order from highest risk to least, and tackling each group with the appropriate tool, you can iteratively arrive at a go/no go for a new product launch. Usually each question that needs to be answered will have an appropriate VoC mechanism for it.
For example:
Are our customers interested? Can be answered through an early access test, and look at sign-up volume and work with BI for analysis.
What is the right price - can be done through price sensitivity surveys
What do our customers do today around this market problem? Surveys and 1:1 interviews for a combination of quantitative and qualitative data.
What is the retention rate? A pilot project for early access customers who qualify to see if the proposed solution ads value.
etc. Until we have enough data to put together a reasonable revenue model and go/no-go
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Youtube tutorial videos
Reddit posts
Other social media
When people take time to talk about or review your product online for free you should pay attention to what they are saying.
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Stop looking for the customer to give you the perfect solution or the answer you are looking for. If it was easy they would do it themselves.
Ask them how they spend their time and money. Understand what they value. Understand how they are solving their problems now, gauge how likely they are to make a switch.
When marketers go out looking for the silver bullet, they usually come up empty.
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If dealing with some kind of technology/app experience, I am OK with doing online because the customer usually has everything they need. This case I think is best when the user is going to be doing something themselves 1:1 with the technology.
When it comes to a physical product or if there is any value to ‘wisdom of the crowd’ where people coming together for an in-person focus group will give better feedback by hearing each others’ ideas real-time, I would invest the extra time and budget in an in-person experience, like someone else was talking about earlier. An immersive tactile experience may bring the best feedback if what is being evaluated isn’t something that can be best understood virtually or alone.
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I think a viable VOC alternative is to try and tune in to OTHER customers of similar products or at least general trends. This might not yield specific enough insights to help us make our own product decisions but can at least point us in the right direction and also potentially point out a gap and opportunity in the market.
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One method I've used in the past in a B2B context in early-launch products where we were trying to find market product fit is to find early-adopters and work deeply and collaboratively in a pilot, in order to build out requirements and gain feedback quickly, but keep in mind that some might be specific. As the pilot progressed, these findings would be validated with the broader sales team, and technology solution teams, as well as other mechanisms such as Customer Advisory Boards and Customer Success.
Another I've used and had good feedback with are prototypes such as mockups or 'smoke-and-mirrors' prototypes along with an interview of potential customers for feedback.
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A Customer Advisory Board can become a key element of an holistic VoC framework. Customer Advisory Boards can require a lot of effort, but can be hugely rewarding. The best Customer Advisory Boards consist of a trusted circle of your most strategic customers, who can provide early, candid feedback on your roadmap and new offerings. Furthermore, they can strengthen the connection and build loyalty among your customer base, as you offer a direct, influential channel to your product team.
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The challenge we have at Namecheap is gathering voice of the customer at scale.
when doing VoC in a small startup, direct methods are feasible, however at scale obtaining the same quality of insight becomes more deliberate.
right now a combination of Surveys, Interviews, and Focus Groups as well as product data give us a reasonable handle on VoC prior to a product launch.
post launch, again surveys, interveiws and focus groups as well as being in a support escalation channel to have a pulse on issues requiring product changes or persistent bugs.
We are
also testing the effectiveness of early access sign up to a potential product to assess customer response prior to launch.
Recently we have introduced free access to a product prior to selecting a vendor to service that product in order to ensure customer success.
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Recently asked for volunteers from our customer group who would be interested in giving us their thoughts on features and roadmap. Identified a strong group of customer advocates that have been very open about sharing what they like, but more importantly what they would love for us to do next. Always have this run by our product managers so they hear first hand voice of the customer.
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We deliver products-solutions to wine & beer producers and try to get information on what they need, they are looking for.
Direct meetings. Multicustomer events ...
We usually map customers (by geography and potential) and map contacts inside in order to achieve information on how we can get value from production / from Quality / from Product Development - Innovation / or Finance
I found similar approach when customers are pharma companies in past experience.
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I am in the integrated chips / semiconductor industry.
I can look at the market from custom (big customer oriented) vs catalog (mass market oriented) perspectives.
To develop custom products, it's a key to engage with those top "teaching" customers who have the technical/end user insights and will support the volume when product in production. Of course, we need to have our OWN judgement of what are essential requirements (e.g. cost, and one or two key performance metrics) and what are "good-to-haves", but overall the product market fit is straightforward since if those big guys buy in, then you have a selling product.
To develop mass market oriented products, it's key to identify the key applications and engage with insightful customers to summarize common denominators (features) and create products based on them. There will be a lot of trade-offs to make and the requirements are usually bits and pieces and here and there. So it needs a good product managers to make these trade-offs.
In both cases, it's often that you don't get it right the first time, so a quick spin would do the work and make products selling.
Also magically, a product that was targeted to sell to specific customer groups or sub-markets end up being sold to different set of customers or markets.
Market/customer insight is never enough.
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Find here an overview of the most popular Customer Feedback tools. Which one is right for your questions? Find out today!
Posted by Currnt Analyst 18 months ago

- Voice of the Customer (VoC) Tools;
- Online Survey Tools;
- Online Review Tools;
- User Testing Tools;
- Visual Feedback Tools;
- Community Feedback tools.
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If is a question you are wanting an answer to I would not use a survey. The reason is that if you are not the person writing the question then you can easily get an answer that doesn't line up with the other data you may have. I have seen survey questions skewed to the point of worthlessness more than onc
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If is a question you are wanting an answer to I would not use a survey. The reason is that if you are not the person writing the question then you can easily get an answer that doesn't line up with the other data you may have. I have seen survey questions skewed to the point of worthlessness more than once.
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While some people I have talked to have said that Focus groups are not a good way to get feedback I find them invaluable to peeling the onion. It is much easier to have a conversation and ask nuanced questions in a focus group versus other methods.
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Our current strategy is to do a number of Focus groups and customer surveys. In the past, I have used software to allow customers to put in new feature requests and I have even allowed customers to force rank those feature requests through up or down votes. The latter is what I usually like the most however the current product I am working on is at a startup so there is not as much opportunity for that yet.
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We channel part of the support tickets and feedback tickets through the product team. Getting the information firsthand helps understand better the problems. Channeling everything through a PM includes some noise and sometimes loses some caveats.
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In terms of market research, depending on what I wanted answering I would use different research learning tools. If needing to get a sense of scale e.g. levels of consideration, the drivers/barriers to uptake for a service etc I'd prioritise (quantitative) survey tools. If wanting to get under the skin of something and understand the how/why then a (more qualitative) tool like UserTesting is great for running video interviews.
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We try to not miss the opportunity to meet the consumer and collect feeback,s, insight and expectation:
Sales and presales are invited to collect information and share it with marketing/product manager
Marketing and Product managers are present in forums and congress to discuss with Customer.
Foster the Attendance of product team member in customers meeting with sales and marketing to develop the customer empathy and understad more the messages transmitted by marketing and product managers.
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A marketeer's core role is to keep a hawk's eye on the market and its trends. This includes customers, users, prospects, and influencers. We do a 360-degree of listening of the customer and the influencer group across multiple forums.
- NPS is the proven established way to get structured feedback on the product from customers. The entire process is handled by a team that never interacts with customers in the foreground.
- Strategic Product Governance (SPG) Group is a nominated group of customers that work closely with the product management team and has a say in the product roadmap. Since they are actual product users, the roadmap is enriched to handle the latest industry trends and features required to keep the product on the leading edge of the curve.
- We regularly do an Annual Market Survey of the market as a whole to find out customer expectations.
- We have Social Listening (mostly LinkedIn) tags that are set to give us the feed on industry opinions, likes, dislikes, and recommendations. I must say, social listening is still in the infancy stage for us.
- Review sites, blogs, and forums are also great places to get anonymous but frank reviews of your products. We regularly monitor the same and get insights.
While we look at all this, we also regularly win/loss analysis to get insights on the pros and cons for the product.
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"Customer-Obsessed" is a term that is often thrown around our team these days. There are a few ways we are attempting to execute on this...
- 1. Historically, we have routinely tried to gauge customer sat at the end of an engagement. Often this is with an automated survey that may or may not be directed to the most appropriate person and may or may not be filled out. It's a terrible measure. Right now I am leading an effort to inspect and uncover quality issues in our customer-facing work during the actual work in order to gather that feedback and course correct.
- 2. I am guiding those whom I work with to step back from technology when exploring VOC needs. When speaking in the context of existing applications, you almost always miss opportunities and gaps to provide value. When taking those out of the equation and really focus on what the customer is trying to do, there is where the gaps are uncovered that possibly could be met with existing or new technology.
- 3. We are broadening the definition of 'customer' and also including other constituencies in examining potential ROI. If there is some kind of systemic problem that is affecting your customers, for example, that they cannot access the services and answers they require when calling in to your service staff, not only is your customer sat declining... your employee sat is probably degrading as well. By looking wider, arguments for addressing VOC-identified initiatives become even more compelling for investment if there are other benefits that will arise. Especially during this time of such widespread attrition, anything we can do to boost our employee sat as part of our VOC efforts makes those decisions all the more easier and higher priority.
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Never pitch a new product when you are trying to get Voice of Customer. The customers like you and will tell you that your new product is super and they may buy it in the future. This information is useless. New product demo's are their own category.
When attempting to get VOC, ask about problems and how they solve them currently. Ask about customer's typical day. Ask about frustrations and how they handle them now. Don't pitch your newest product.
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Talk to someone who doesn't use your product. Establish a new relationship to the company rather than rely upon existing relationships.
Too often researchers and marketers are too 'scared' to go outside the existing business relationships to get insight. Its hard work and yields many more negative responses than working with the typical friendly customers.
However, if you really want to learn something new talk to someone you haven't spoken with before!
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The Go Outside your Base research learning tool works best if the strategy is to take the existing product and grow it into adjacent markets with market adjacent products or when you are establishing product/market fit (so you really don't have a base locked in yet). It is also great for keeping an eye on overall market trends.
The other aspect of Go Outside Your Base, is that the method (survey, focus group, case study, outside research, etc.) should be contextual to the goal. Are you trying to actively identify an new growth segment in an industry, uncover market problems your current offering isn't meeting, or just keep abreast of global trends?
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We have a great sales team. They are experts at turning customer problems into need statements for our current product offerings.
In order to truly be able to listen, you need to eliminate the sales staff from VOC on site visits. The sales team wants to act as the gatekeepers, but you must either work with them or around them, to get to the customer in a relaxed and non-sales conversation.
The customer has their own 'truths' or 'perceptions.' Sales wants to 'educate' them on why they are mistaken or wrong. True VOC does not judge, educate or pitch new products.
VOC has no judgements, it only records the answers. In order to capture it accurately, you must eliminate the sales staff from the conversation.
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We have plenty of channels for consumers to express their feedback and request features or improvements of our platform and products. These channels are very typical (not necessarily traditional) which are through feedback forms, star ratings, social media messaging, e-mails and whatsapps that consumers send, etc.
What we do to meet the Voice of Consumers is to put those needs into our Product pipelines and define the viability of their needs and evaluate the impact. Sometimes we take those ideas and showcase them as poll questions on Instagram to see the consumers' reactions (ie. Would you like us to include X?)
Once we implement a new feature, if it came from a user or range of users, we send them an email, letting them know what is coming (right before we launch it). This way we make sure we are letting them know we hear them and we are working for them.
Voice of the consumer is key because the consumers are the ones that will make or break your product. Every idea that we receive is replied and if an idea is not selected, we let the consumer know the reason why. It usually is because we do not have the current resources to develop it. However, we keep those ideas and requests in a board and we come to them every month to see if there are ideas from consumers that we should be focusing on.
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UserTesting is our go-to platform for the majority of early stage discovery work - it can be used for both light-touch and in-depth customer feedback. Lucky Orange is a platform we use primarily for heat mapping our websites (although it can do more than that). We use surveymonkey to host our NPS and any ad-hoc customer research surveys we run. All of the solutions can do a lot for very little financial outlay. We've looked into Intercom, which feels like it could be a really powerful solution, but it's also very expensive for a young business.
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Our voice of the consumer is really used to help inform and prioritise our product roadmap and limited resources. As well as helping provide direction, it also reduces the risk that HiPPOs have undue influence on key decisions. We have a number of different data sources which feed into VOC - NPS feedback, online reviews, customer exit surveys, customer testing and analytics. We also have to be mindful that one particular source of VOC isn't unduly influencing decision-making - e.g. customer complaints can feel high priority issues to the support staff dealing with the complaint but this needs to be considered within the context of the thousands of customers that haven't complained about an issue. As a relatively young business, we are still in the early stages of building out our VOC - the next would be to have some form of representative customer panel we can tap into even more regularly than we can right now.
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