Making the contextual framework of the project...
In terms of research, there have been a vast amount of aspects I could have researched that would contribute to making a product or business successful. In the sense that I have chosen to develop a product for my final studio project, I have looked into a few focal areas of marketing a product:
- market validation & product validation
- the importance of research and development (prototyping and user testing)
These have informed the shaping of my concept and how i designed the product. When it comes to entrepreneurship and innovation, it has been important to ask myself as a creative technologist, ‘is it different or unique?’ ‘does anyone provide this already and if so, can i do it better?’ ‘what will i need to do to set my project/product apart from others available?’ ‘what am i designing and who is it for?’.
According to a Forbes articles by Kevin Harrington, there are 10 qualities of a successful product and questions that will help us place our product in a position of validation.
10 qualities of a successful product:
1. Does it have unique features?... your product has to be noticeable to consumers and peak their interest.
2. Does it have mass appeal? ... can it attract the everyday person as well as those who are hard to catch?
3. Does it solve a problem? ... is it providing a solution? creating an opportunity or bridging a gap in a market? is this a niche?
4. is there a powerful offer with a supportive cost of goods? right value - right price? is it sold at a competitive price?
5. is easy to use and easy to instruct people to use?
6. is there a transformation or an amazing demo? BEFORE & AFTER comparisons
7. multifunctional? always think competitive... if you release a single function product, your competitor can easily re-innovate your product and make a better version.
8. is it credible? do you have user reviews and testimonials? real people with real results... industry associations? experts who can offer advice or testimonials to further build the products credibility.
9. are there proven results? back up any claims with fool proof success stories or scientific studies
10. can you answer the questions the user is thinking? are you prepared for any and all that could come up about your product... in the perspective of a consumer, think of all they could possibly ask and try to have an answer for them.
The article goes on to mention that if the product is able to answer all 10 questions, it is indeed valid and should be a viable business venture/opportunity. To further make the product attractive to consumers in the desired market, keeping it simple is best and to approach marketing the product through with
I’ve personally aimed to look at all these facets of a valid product and find how my proposed product suits the criteria of such a list. Addressing the context of my project, the product itself holds almost every quality listed and it becomes part of evaluating the viability of the product.
As the designer, I am required to test or prototype design verification of the product. Through prototyping the service and product earlier in the semester, I managed to determine the quality of the product as well as receive customer feedback, input, and valuation of it.
K. Harrington (2013) https://www.forbes.com/sites/kevinharrington/2013/10/08/10-qualities-of-a-successful-product/#3c7c5b12126b