MARKETING CANVAS 1) CHALLENGE 3) TARGET CUSTOMER 8) STATUS QUO www.marketing-canvas.de 2) CONSEQUENCE 4) SOLUTION 5) ALTERNATIVE SOLUTION 6) PROMISE 7) UNFAIR ADVANTAGE 9) GOAL © Susanne Trautmann MARKETING CANVAS 1) CHALLENGE What is the actual challenge your target customer is facing? Find out more about the reasons for the problem and identify the factors that influence it. Is the challenge more a problem or a need? Why does the problem or need occur? What are the causes of the problem or need? Which factors influence the problem or need? Is there more than one problem or need? If so, what are the top 3 problems/needs? Several problems/needs are the first indication that your target audience consists of several personas! 2) CONSEQUENCE What happens in the worst case, if your target customer will not get into action to solve the problem, but continues to do business as usual? What is the worst case scenario for your customer if they ignore the problem and do not look for a solution? What losses can they expect? What will it cost them (financially and emotionally) if they continue to do business as usual? What disadvantages will they suffer as a result? What feelings will this cause? This emotional trigger is a perfect starting point for the go-to-market strategy you create out of this canvas. 3) TARGET CUSTOMER Create a checklist of conditions that companies are likely to meet, that will benefit most from your product or service. Geographical location: How large is the radius where you wish to be active? Sector affiliation: Would you rather work with companies from industry, trade, commerce, or service sectors? Company phase: Are your target customers start-ups or established, traditional companies with a history going back many years? Number of employees: How many employees does your preferred customer employ? Starting points: What is special about the starting point, that your target customers share? Targets: What are your target customers' goals? Now implement the first communication measures to identify contact persons. www.marketing-canvas.de Identify key-contact persons: Who do you think could be the key contacts on the customers‘ side? What socio-demographic characteristics (gender, age, education, professional situation) describe these contacts? Who is currently experiencing the most significant pain that you want to relieve with your product, technology or service? Are they even aware of their problem? Is there a typical decision-making process? What exactly does the decision-making process look like and who is involved? Which decision makers do you have to convince during the sales process? What information and data do your target customers need to be able to decide in your favour? What types of content positively influence purchase decisions? The identification of suitable contacts is the starting point for the personas that will be defined later in the process. © Susanne Trautmann MARKETING CANVAS 4) SOLUTION Identify the specific step-by-step process that your customers have to go through and explain to them what information and activities are necessary to achieve the desired result. The solution is your customer's target status. It corresponds 1:1 to the problem you are solving. How many steps are necessary to explain how your solution works? What unique benefits are there in each phase? Are there partners that you work closely with? What added value do these partners contribute to which process steps? What is the crucial aspect of your product or service that will allow you to generate a maximum response? Describe as precisely as possible how your target customer will benefit from your solution and use this to formulate the title of your solution process. You can use technical terms, but only if you are sure that your target audience will understand them effortlessly. www.marketing-canvas.de 5) ALTERNATIVE SOLUTION What additional options are available to the consumer to solve the problem? What are the success or frustration factors of each solutions? What alternative solutions are the most important and influential? What alternative solution is most widespread overall? What do your preferred customers dislike when it comes to the solutions they currently use? What would they change if they could? What can you achieve with your solution that your competitors are unable to do? 6) PROMISE Develop a compelling and convincing argumentation that will motivate your target customers to test your solution. Prepare 3-5 promises that include: Added value: Describe precisely how your target customers will benefit from your solution. Emotion: Make a direct link to the losses that customers will avoid, because of your solution. Vision: Activate the imagination of your target customers and show them new ways you could help them in future which they have not yet considered. 7) UNFAIR ADVANTAGE Your unfair advantage is your individual experience and expertise, it's unique and cannot be copied by your competitors. If the unfair advantage is missing, all marketing and communication measures are more or less ineffective. Why can you help your target customers in a better way than your competitors? How do you differ from your main competitor? What is unique about your personal story? What values do you stand for? What is important to you? Where does your experience come from and how exactly do you leverage that experience? Can you achieve extra added value or an exclusive benefit for your target customers? Why are you an expert in your field? What extraordinary talents does your team have? What does your network look like? Do you create a special synergy with your partners? © Susanne Trautmann MARKETING CANVAS 8) STATUS QUO 9) GOAL It's time to construct a comprehensive overview of your situation to identify possible roadblocks early on. From this, you can derive how to equip your toolbox so that you can be truly successful. 3 steps are necessary: Assess your situation accurately and record all means and resources available to you: What skills have you already acquired? (Knowledge, experience, certificates and whatever comes to your mind) What resources or assets are available that will help you to create content? Identify all possible difficulties that you expect later in the process. What problems do you have to take into account? What decisions do you still have to make? What hurdles can you identify? Which technical, legal or economic trends influence your target customers or your competitors? Minimize the potential risks by filling the most critical gaps that you have identified. What is still missing on the way to the goal? Do you need additional resources? Which tasks have to be completed before a further step is possible? Host a Marketing Canvas workshop together with your team www.marketing-canvas.de Take your time and try to complete all boxes. Can you identify knowledge gaps? Now define a measurable goal that everyone in the team can work towards with enthusiasm. Formulate this goal in such a way that it describes the specific state that you want to achieve together with your team after you’ve completed the project. Questions about the result: What would you like to achieve or create by the end of the project? Formulate the result as clearly, simply and figuratively as possible and schedule a timeframe for achieving the goal. Why do you want to achieve this result? A strong why is a motivator that will give you the strength to carry on even when you have setbacks. Questions about the procedure: How will you achieve the result? Think about which specific milestones and sub-goals are necessary to achieve the goal. What are your priorities? In what order should the steps be completed? Always start with the steps that promise the most considerable progress. What do you want to achieve by when? How much time do you need for each milestone? Allow time for the unpredictable and stay flexible. Share the final canvas with your team and ask them to review the inforamation. Do more iteration loops, if needed. Try to condense the content as much as possible. The canvas should look simple in the end. © Susanne Trautmann Get in touch with me, if you need my help when you host your first marketing canvas workshop! MARKETING CANVAS www.marketing-canvas.de susanne@marketing-canvas.de www.linkedin.com/in/susanne-trautmann/