Lean Testing should be the lifeblood of all companies. We know that 9 out of 10 business ideas fail; we know that in 42% of these cases, the failure is due to a misreading of the market demand. Sprints provide you with the keys to ongoing and efficient testing, leading your business towards the ideas that will become successful.
The client in this Lean Innovation Sprint had initially reached out for opportunities to grow their business. Alongside this, the sprint would act as a consultation and training program to allow their team to implement its mindset and methods. The company was established and fairly traditional; as with all successful businesses, they recognised the need for internal growth and development, allowing Bonanza Design to guide them through this phase of readjustment. The company engaged in active learning, experiencing the tasks and workshops whilst also learning how to facilitate and apply them.
The outcome was more than just a validated business idea: the client walked away with a step-by-step guidebook for lean testing.
Before starting the sprint, we always want to get to know our clients and understand their requirements. During this time we learned about their backgrounds, found out where their strengths lie, and talked about what they can expect from working with us. In these first meetings, we wanted to find our common ground or even set a shared goal. This way, we could design the upcoming sprint and adjust our methods to their needs and expectations.
In order to gain a better understanding of the opportunity space that we chose for this sprint, we prepared a variety of exercises. These included: opportunity statements and different kinds of canvases to get a clear overview of what we already know about the opportunity as well as the areas we need to do further research on.
In the second workshop, we thought about the opportunity through the eyes of the potential customer. We weren't interested in a solution yet, but rather wanted to understand the customer's problems and the emotional outcome they would achieve by finding a better solution. This process led to 3 different potential customer segments that we could target during our first sprint together. All things considered, we strategically chose one of them to focus on within the first sprint.
We started off our research by collecting the most relevant core assumptions from the first two workshops and chose suitable research methods to further explore or even validate the assumptions.
The research was split into two phases:
The purpose of the first phase was to generate more knowledge and insights about the topic, as well as to learn more about the opportunity at hand. We used common methods such as keyword and a competitive analysis. We then held customer interviews with 5 representatives of our target group.
The second phase was mainly concerned with validating key core assumptions and new insights that we gained from phase one. Using surveys, we successfully validated assumptions backed up by a representative number of participants.
After all we had learned about our opportunity by this point, it was time to rewrite the opportunity statement and see how it had changed. We used an ideation workshop method called “Brainwriting”, to come up with as many ideas as possible. While doing so, we kept the personas from the user interviews in mind. Compared to other brainstorming methods, this one lets you work on the ideas as a team, rather than having them compete against each other.
After prioritizing 3 ideas through voting, we used our Bonanza Design Lean Canvas to formulate the value proposition and design the details of the experiment. At this point, we are translating the process into a tangible business idea.
Having assessed the details, we built one landing page per idea. The purpose of these landing pages is to expose the idea to an audience in a realistic setting. This way, we will have access to data about how desirable the idea is in the current market, all by using as few resources as possible.
We used Google Ads to exhibit the 3 Landing Pages to an audience. By creating campaigns and linking them with relevant keywords, we could make a decision on the best bidding strategy, given the set budget. We allowed the experiments run simultaneously for about 5-7 days, depending on their respective performance. Once we were satisfied with the amount of data we recieved, a report was created on informative metrics such as clicks, impressions, CPC, conversion, keyword performance, etc.
By determining the performance of the 3 experiments, we were finally able to gauge how the second sprint could be designed. To ensure our clients could easily follow the thought process, we created an exclusive decision-making flowchart for them. With this, they would be able to make these decisions themselves in the future.
This sprint did not only have the purpose of exploring new business ideas. We also took the time to educate and console our clients throughout the whole process, so they would be able to implement these innovation sprints and mindsets into their company. To capture all of the knowledge that we shared over the sprint, we collaboratively created a 25-page guidebook that would function as a blueprint for lean innovation to be shared with other stakeholders within the company.
Bonanza Design helped an insurance company to speed up their product innovation process by implementing a dummy lean innovation sprint. They also built and tested landing pages with varied value propositions. The client was impressed with Bonanza Design's exceptional lean innovation sprint and testing capabilities. The team's excellent market-oriented practices and ability to develop custom requirements also ensured the engagement's success. Overall, the team fostered a strong collaboration.
The internal team was delighted with the project's outcome and the insights that Bonanza Design provided throughout the engagement. The team fostered a culture of rapid iteration and delivery, which not only streamlined their workflow but positively affected the client's internal processes as well. The Bonanza Design process has set the basis for almost all our work going forward and accelerated us through several sticky, difficult product decisions to the point where we are now scrambling to catch up
Our clients were already fully operational in a number of countries and were looking to expand into the German market.
The first sprints with this company focused on discovering a product for them to launch. Through Bonanza Design’s trademarked Design Sprints, the client was able to see the relative performances of 11 different products and received detailed and numbers-based reports on their success. Together we alighted on a product that stood out; from there, we needed to detail the appearance of the product and its price point. The Bonanza Design team constructed an A/B/C/D test to experiment with four different price points.
