Understanding Consumer behaviour for start-ups

Headstart Network Foundation

August 7, 2018 8:31 AM

A startup isn’t just about the product, it is also about those using the product – ‘Consumer’!Startup Saturday, July 2018 was about “Understanding Consumer behaviour for start-ups”.


As veterans threw light on the topic, here are some key insights:

Anand Saboo
Founder, Sahyog Design Way Pvt.Ltd.

  • Design the right research questions
  • Surveys could be taken in not only textual formats but can be made fun with visuals
  • Research outside your company
  • Hustle to find your perfect focus group
  • Iterate the design process
  • Get down to a through competitive study
  • Categorize services while designing feedback surveys
  • Social Networking Mapping enhances the potential and the success possibility

Abhishek Desai
Founder- CricHeroes, Co-founder – DigiCorp

  • Start off with a few questions and ponder on it with your own product in mind.
  • Why aren’t we using certain products frequently?
  • Why certain products fail and why certain products excel?
  • What features in some apps get us instantly ‘hooked’ whereas features which fail to move us in the 2nd attempt.
  • ‎Mr. Abhishek elaborated fogg’s behaviour model which states “what causes behaviour change?”
  • Fogg’s behaviour model states that: ” Three elements must converge at the same moment for a behaviour to occur: Motivation, Ability, and Trigger. When behaviour does not occur, at least one of those three elements is missing.”
  • For any trigger (like a push notification for opening the app) to succeed there has to be the right amount of motivation and ability at that particular moment.
  • If motivation is low, the triggered activity should be extremely easy to do.
  • If motivation is high, nothing prevents the user from doing the triggered activity.
  • It is always better to build products that people are highly motivated to use, even if UX is not that great than building easy-to-use products that people are rarely motivated to use.
  • “Not because you can then get away with clunky user experience but because that kind of product will work in a longer-run; it will have a better word-of-mouth effect and it will create a high barrier to entry for your competition.”
  • “Products with low intrinsic value can easily be copied; acquiring users for them is extremely hard and it is even harder to keep them loyal.”
  • “So, whatever you are building right now — think really hard.

Neel Shah
Founder, Hobbycook

  • Consumer behaviour experiences a constant change with the influence of marketing
  • A lot of start-ups come up seeing the gap
  • But only those survive who hit the right notes
  • An organization is about the entire feel that we deliver to the customer
  • The logo, the colours associated with the brand, the website experience, it is all about finding out what suits you the best.
  • Do not be tempted to grow fast, rather grow organic
  • The market is huge, conduct surveys and hit the right people to discover your right market fit.

“So, whatever you are building right now — think really hard. Unless
you are making something very compelling for a large enough audience (market size), it will be very hard to acquire users and keep them loyal.”

 

Subscribe to our Newsletter

We share content on startup learning, team building, leadership, raising investments etc. Subscribe below to stay connected