1. Section: Customer Segments
- Definition & Tips: Identify your target audience.
- Example: Uber's audience: Taxi drivers, city dwellers.
- Wording for Requirements Document: "Define the primary and secondary user personas for the product."
- Exact Wording for Requirements Document: "The primary user persona for the product is 'City Dwellers without a car', with a secondary persona of 'Taxi Drivers'."
2. Section: Problem Your Product Solves
- Definition & Tips: Identify main problems.
- Example: E-bike app in Vienna: Traffic jams, parking issues.
- Wording for Requirements Document: "Enumerate the primary pain points the product aims to address."
- Exact Wording for Requirements Document: "The product addresses primary pain points such as 'traffic jams' and 'difficulty in parking' in urban areas."
3. Section: Revenue Streams
- Definition & Tips: Determine monetization.
- Example: Uber: Subscription-based, one-time fee.
- Wording for Requirements Document: "Articulate the primary monetization strategies for the product."
- Exact Wording for Requirements Document: "The product will primarily adopt a 'subscription-based' monetization strategy with options for 'one-time fees'."
4. Section: Solution
- Definition & Tips: Propose solutions to identified problems.
- Example: Solutions for traffic jams and parking issues.
- Wording for Requirements Document: "Detail the proposed solutions that address the identified user pain points."
- Exact Wording for Requirements Document: "The product offers an 'e-bike renting system' as a solution to urban traffic and parking challenges."
5. Section: Unique Value Proposition (UVP)
- Definition & Tips: Understand why users choose you.
- Example: Uber: Convenience, cashless transactions.
- Wording for Requirements Document: "Craft a compelling Unique Value Proposition (UVP) for the product."
- Exact Wording for Requirements Document: "The product's UVP is 'Seamless urban commuting through cashless e-bike rentals'."
6. Section: Channels
- Definition & Tips: Identify promotion points.
- Example: 'Before Purchase': Social media, PR.
- Wording for Requirements Document: "Identify and prioritize the distribution channels for user engagement."
- Exact Wording for Requirements Document: "Primary distribution channels include 'Social Media platforms' and 'Public Relations campaigns'."
7. Section: Key Metrics
- Definition & Tips: Identify crucial business indicators.
- Example: Metrics: Downloads, sales.
- Wording for Requirements Document: "Define the Key Performance Indicators (KPIs) for product success."
- Exact Wording for Requirements Document: "Key KPIs for the product include 'Number of Downloads' and 'Sales Volume'."
8. Section: Cost Structure
- Definition & Tips: Outline resources and investments.
- Example: Fixed: Rent, taxes. Variable: Marketing, labor.
- Wording for Requirements Document: "Detail the anticipated fixed and variable costs for the product."
- Exact Wording for Requirements Document: "Anticipated fixed costs include 'Rent' and 'Taxes', while variable costs encompass 'Marketing' and 'Labor' expenses."
9. Section: Unfair Advantage
- Definition & Tips: Identify unique aspects.
- Example: Unique technology or exceptional team members.
- Wording for Requirements Document: "Highlight the product's unique differentiators in the market."
- Exact Wording for Requirements Document: "The product's unique market differentiator is its 'cutting-edge technology' and 'expert team'."