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In this example, we’ll use an ecomm company that specializes in selling premium keto products like snacks, supplements, and protein powder. They’re a new company that launched one year ago and are trying to find a consistent scalable channel.
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Part 1: Define your Five Fits
Estimated time: 25-40 mins.
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Reading: The Five Fits Framework →
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Try to keep your answers as short as possible, writing 1-2 sentences where necessary.
1. Your market:
Describe whom you choose to serve in 1-2 sentences:
- Heath-conscious people between the ages of 22-45 that are looking for keto-friendly products. They don’t mind paying a premium for products as long as the quality is there, and are happy to back a brand that can reflect their values around health and fitness.
Estimated market size (e.g. 3M people, 100K companies):
- While a hard number is hard to pin down, the keto market is projected to be worth $1.2 billion by 2024. In addition, a recent poll has showed that 26% of people in the US have either tried keto or are interested in trying in.
- Link to your personas project: [ ]
2. Your product:
Outline some of the defining traits of your product.
- Simple or complex:
- Is it inherently social or shareable?:
- Broad vs narrow market appeal:
- Do users generate content using your product?:
- Are people actively searching for your solution?
Link to your value props project: [ ]
3. Your brand: