Step 1: Identify who has the problem you are trying to solve
HINT: Think bigger than where the current market is. Qualtrics WAS solving a market research problem, but NOW they’re solving a CEO problem (realizing returns in an experience economy!)
Step 2: Figure out what problem they have, can’t solve, but REALLY want to if they could
This is hard work, because if the problem was obvious somebody else would have realized it. In the Qualtrics example, it took recognizing that this wasn’t about the lower order problem of generating high quality data, this was the higher order issue of being successful in an experience economy. High quality data is important, but table stakes. Solving the experience gap needs high quality data, but more importantly, it needs the application of that data to manage experience..
Step 3: Architect the solution
This is the part where most people start marshaling existing products into a new kind of solution. That’s important, but not sufficient (notice a theme yet?). In this step, you have to think deeply about what it would take to SOLVE THE PROBLEM, sketch out the solution and then figure out how all the existing products fit with it, what’s missing, and what’s no longer needed.
Step 4: Name it!
People want to solve single minded problems with single minded solutions, and that’s exactly what the category name does. But don’t overthink it, you’re going to fill the category name with meaning over time, it’s unlikely it will be perfect from day one.
Step 5: Put it all together in a POV
Congratulations, you’ve got the raw ingredients for a new category. Now you need to mix it all up into a unified POV that: sets the context; frames the problem and its costs; outlines the solution, how the components work together and what it’s called; and delivers positive outcomes for a customer.
Step 6: Let your category FLY
We call this the lightning strike and mobilization phase at Play Bigger. The idea is to get the company you work for aligned behind the category, and then bring that category to your core audiences in an inescapable “lightning strike” moment. Forget about peanut butter marketing with budgets spread thin throughout the year, you’re going to demand attention with a short but inescapable burst of marketing, sales, events and product news. Your audience will hear about the problem over and over until they realize they’d be fools not to solve it.