Outline
Understand
- The Product
- ICPS
- JTBD
Tracking
- Product teardown (Micro Interactions)
- Activation Hypothesis
- Qualitative and Quantitative Metrics
ICP-1 | ICP-2 | |
ICP Name | Young Discoverer | Leisure Pursuer |
Age | 16-24 years | 28-35 years |
Gender | Any | Any |
Marital Status | Unmarried | Married |
Kids | None | DINK |
Occupation | Pursuing Graduation, Fresh from College, Trainee/Intern in New Age Startups | Mid-Level Managers in MNCs, Startups |
Location | Tier 1 Metros | Tier 1 Metros |
Lives with? | Parents/Friends/Flatmates | Rented House with Spouse |
Education Level | Still Pursuing or Graduates | Grads/Post Grads |
Income levels | 15000-45000 monthly | 120000-280000 monthly |
Tech Expertise | Moderate | Moderate |
Decision Maker | Self/Parent | Self/Spouse |
Risk Appetite | High- No resistance on trying new things in influence of friends | Moderate- No resistance on trying new things that makes more sense |
Most used apps | Instagram, Snapchat, Tinder, Whatsapp, Youtube, Swiggy | Instagram, Zepto, Blinkit Whatsapp, Youtube, Uber, Zerodha |
How do they spend time? | Hanging out in cafes, Meet-ups, Ordering Food, Watching Videos, Recommending the next series/film/game, Cafe/Bar outing and Weekend trips | Shopping, Buying Groceries, Investing & Budgeting, Maintenance work, Diner-Outing, Weekend trips, consuming OTTs and Youtube |
What do they spend their money on? | Budget Food, Travel & Experiences, Grooming, Workout, Shopping, Smart devices and gadgets | Food, Travel & Experiences, Grooming, Shopping, Wellness, Maintenance, Smart Apps, Devices and Gadgets |
What kind of content do they consume | Popular Series or Film on OTTs, Live Gaming, Insta Reels, Online Courses | Popular Series or Film on OTTs, Insta Reels, General catchup with news and updating with Industry, how-tos through courses, videos and articles |
Affinity to spend on Productivity Apps | Medium | High |
Value vs Spent | Looking for maximum value in purchase, Convenience and accessibility over small money | Convenience and accessibility, Looking for more Wholesome Deal, One family One Plan, Bundled Services |
Subscribed to | Barter of most big OTT services like Netflix, Prime, Hotstar between friends and friends of friends | Most big OTT services like Netflix, Prime, Hotstar |
Frequency of purchase | Monthly (Student Plan) | Discounted Annual Subscription |
Which features do they use most | Creating and Playing personalised playlist for various moments/occasions, Saving/Liking Songs | Mostly Playing radio (auto-suggestion) on smart connected devices in home and car, Saving/Liking Songs |
how frequently do they use these features | Almost Daily | Often |
Willingness to pay | Moderate | High |
Problem statement | wants to focus, boost productivity, workout with music.
ability to create, share, collaborate and tune-In to what friends are listening | wants to relax, commute, energise with music |
ICP-1 | |
Personal Goals | To Listen, Discover & Manage Music for different moods and occasions. |
Social Goals | Share newly discovered songs with friends, create and collaborate in music playlists, wants to share and flaunt their taste in music, Create or Tune-In to custom radio stations among friends. |
Functional Goals | Uninterrupted music streaming, Wants to focus, boost productivity, workout with music |
Financial Goals | NA |
Exploration | Consideration | Purchase |
Was looking for an app to play, discover and manage | At party/get together friend introduced it - by creating a jukebox, casting on a device, where we can play music together and add to that playlist | Subscribed to discounted Student Plan for convenience, pro-features and ads-free music and videos |
Has tried downloading and saving videos and songs on mobile storage | Took a free trial for a month and liked discovering to songs through auto-suggestions and playlists based on moods | |
Has even tried using some music apps like Gaana and Wynk | Explored pro features like Jukebox and Music Tuner - Custom Radio | |
Was looking for a trendy and chic app to keep up and flaunt among friends | Can play music ad-free, offline and with the screen locked | |
Got to know there is even a discounted student plan. |
ICP-2 | |
Personal Goals | To Listen, Discover & Manage Music for different moods and occasions, and has access to connected devices. |
Social Goals | Occasional sharing of hand-picked songs within their closed circle |
Functional Goals | Uninterrupted music streaming, Wants to relax, commute, energise with music |
Financial Goals | Better bundled deal for family with more added services and features |
Exploration | Consideration | Purchase |
Was looking for an app to play uninterrupted ads-free radio | Learned about the features of youtube premium and came across YT music app | Subscribed to Family Plan for convenience, accessibility, ads-free music and videos for all family members |
Mostly tried downloading and saving videos and songs on mobile storage or pen drive | Took a free trial for a month and enjoyed ads-free video on youtube and liked listening and discovering music through auto-suggestions and playlists based on moods | |
Clicked on an AD of youtube premium and explored | Enjoyed music in car with android auto, and casting to smart speaker at home | |
Got to know about a one bill one family plan that allowed to add more family members under one plan |
Hypothesis | Qualitative Metrics | Quantitative Metrics |
Number of searches/voice searches | DAU/MAU, D1, D7, and D30 retention | |
Number of times app was opened | User Cohorts | DAU/MAU, D1, D7, and D30 retention |
Average time spent per active session | DAU/MAU, D1, D7, and D30 retention | |
Number of hours music streamed in background | User Cohorts | Daily and Monthly engaged time spent per user |
Engagement with recommendations | User Cohorts | D1, D7, and D30 retention |
Willingness to stay (Probability score) | App reviews | Number of times clicked on upgrade |
Willigness to Subscribe | Subscription rate vs retention | Subscription Penetration |
Use of pro-features | User Cohorts | |
Friction:Conversion Relationship | No of New/Reactivated - Free/Sub per day/month | |
Number of times user has shared songs | App reviews | Daily and Monthly engaged time spent per user |