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Pages:
2 pages/≈550 words
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Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
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Total cost:
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Topic:

The Marketing of the Business Idea and The Results of Smoke Test

Essay Instructions:

The purpose of this assignment is to perform a smoke test and explain the results of the smoke test.
Choose a single business to pursue together. Identify the segment of your potential customers that would be early adopters. This should be a group of people to whom you can communicate your product or service offering through some method of direct contact. The group needs to be significant in numbers such that, if they were to adopt your product or service, there would be a validation of the offering that justifies further development.
Conduct a smoke test with these target early adopters. Prepare specific, organized questions to assess the value of the team's product or service, customer likes and dislikes, potential barriers to adoption, and improvement options. Your test should reach a minimum of 100 people who reflect your target market.
Smoke tests can vary tremendously. Some may be offered through social media where the measured result might be a "click here if you are interested." It could also be a guerilla marketing campaign passing out flyers to a specific group of people and asking them to go to a webpage or sign up for a trial.
Your deliverable is a summary of the test presented. Be sure to include the following points:
1. Description of the problem you solve, including who is affected and to what degree. Describe the price customers will pay.
2. Your unique solution to this problem and how it varies from current offerings.
3. Your value proposition: "We offer X to improve your life by X. If you are interested, click here."
4. Specific market segment: How many people? What is the common characteristic that allows you to communicate with them?
5. Describe the test that the team conducted. Who did you contact, how did you contact them, what feedback was sought and received?
6. Summarize test results, key learnings, and potential next steps. Include at least three customer response anecdotes that summarize key learnings.
7. Summarize planned next steps. Do you continue development, pivot your product, or redo the test? Given what you learned, what is your next action?
8. How could the smoke test have been conducted differently? What improvement in test methods are indicated?
source:
https://www(dot)startinno(dot)com/blog/2015/4/8/smoke-testing-what-is-it-and-why-should-you-care

Essay Sample Content Preview:

Marketing and Smoke Test
Name
Department, Institution Affiliation
Course Code; Course Name
Instructor's Name
Date
Marketing and Smoke Test
The key business idea is an app for a healthy lifestyle. The main role of the app is to guide positive thoughts, goal achievement, exercising, and healthy eating. Therefore, the app will improve society's mental, emotional, and psychological health. It will heavily benefit the consumer's health and reduce any possible issues which may jeopardize one's social engagement. The paper addresses the marketing of the business idea and a smoke test.
Problem to Solve
The key problem is to resolve the consumer's emotional health. Due to digital transformation, emotional health is becoming a major concern in contemporary society. Different social issues are arising due to improper engagement of the consumers. The provided app will resolve the problem by improving the emotional health of the consumers. The major populations affected are the millennials, who engage in different antisocial behaviors such as suicidal cases. The customer will not pay much for the app; however, they have to consider subscribing at $100 monthly to access it. Therefore, their engagement would lead to a successful healthy lifestyle.
Unique Solution
The unique solution to the problem is that the app will guide positive thoughts, goal achievement, exercising, and healthy eating. Therefore, it will significantly improve society's mental, emotional, and psychological health. It will heavily benefit the consumer's health and improve social engagement. Besides, the app will be specific to other elements, such as healthy eating, which is not evident in other business ideas. Lastly, it also varies from other offerings since it combines different elements of emotional health. Therefore the solution is unique and reliable.
Value Proposition
'We offer unique guidance of positive thoughts, goal achievement, exercising and healthy eat...
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