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This product innovation guide will help you create new profitable products within 30 days.  

product innovation on ikooru

The steps contained within this guide are proven. They work for products and services you just have to follow them!

You will discover how to find underserved customer needs, and fulfill those needs fast and efficiently.
“With the iKooru product innovation plan, you either win or you learn.” Let’s get to business…

What is product innovation? Product Innovation is an invention in action!

Product innovation starts with the problem. It’s finding product-market fit by listening to customer feedback. It can also come from solving your own problem. It can even be better when you are solving your own problem. Now that we know we need to find product-market fit. What is Product-Market Fit? “Product-market fit means being in a good market with a product that can satisfy that market.”  – Marc Andreessen In other words, focus on your customer and the viability to serve them. The following steps will help you do both. Your first mission is to go from idea to customer feedback quickly as possible. To do this, we are going to employ a “Lean Product Innovation Framework.” 

Want to launch products on easy mode?

All these processes are guided within iKooru. It’s for those who want to launch products as fast and effective as possible. You can also start this process for FREE. Check it out. (No Credit Card Required)

The 5 step innovation framework.

Customer Needs

#1: Identify and Verify 

This exercise aims to find exactly what you are going to offer to meet your customer’s needs.  You can use the opportunity calculator in iKooru or answer these questions then add up your points. We suggest using iKooru for all these steps. to do this step manually however we recommend you copy grab the c

#2 Create A Win-WinWin win partnership

If you truly want to be able to sell your product you must have “moral authority” so you and your customers can sleep better at night. When you know your product benefits them then it will be easier when the time comes when you ask for payment. Focus on your value proposition.

Key product features

#3 Identify Key Features

To increase your product’s odds of success we need to identify key features. Enough key features to not underbuild, but enough that your customers say. “Shut up and take my money!”

#4 Prototype Your Key Featuresprototype your product

If you truly want to be able to sell your product you must have “moral authority” so you and your customers can sleep better at night. When you know your product benefits them then it will be easier when the time comes when you ask for payment.

customer feedback#5 Feedback and Iterate

At this stage don’t get lazy and think you have it figured out. If you want to get it right the first time get customer feedback. Ask open-ended questions.