“You have to make sure they show up, make sure you're compensating them sufficiently. This is something where I'm not giving 20 dollar Starbucks cards because somebody's gonna blow you off. Like when I have those five sessions and the whole team queued up to watch, I want people to show up.”
quote is from the automated transcript, cleaned for reading:
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More from Michael Margolis
Insight
Margolis: Five qualitative customer interviews reach data saturation
“And that idea of just doing five of them
You hit what's called data saturation. And so this is the thing in qualitative research where the kind of the common version of this is everybody after four or five is like, oh, for God's sakes, please don't let me sit …”
Michael MargolisDec 1, 2024▶ 16:25Identify your bullseye customer in one day | Michael Margolis (UX Research Partner at GV)
Insight
Margolis: Teams should take manual notes instead of using AI during research
“We have people manually taking notes and not using AI to take notes. The reason for this is what we found is we want people to lean in to this experience. We want you to focus and engage and pay a lot of attention. And if you know somebody else is taking notes…”
Michael MargolisDec 1, 2024▶ 1:10:01Identify your bullseye customer in one day | Michael Margolis (UX Research Partner at GV)
Insight
Margolis: Deep expertise leads founders to overestimate customer knowledge and willingness to pay
“And when somebody has deep expertise, it's very difficult to imagine that other people don't know what you know. It's very hard to kind of put yourself in their shoes, right? And you just think, well, doesn't everybody know this? Or maybe even, you know, yeah,…”
Michael MargolisDec 1, 2024▶ 1:17:07Identify your bullseye customer in one day | Michael Margolis (UX Research Partner at GV)
Insight
Margolis: Successful product building requires starting with a hyper-focused initial customer subset
“Every ambitious founder wants to build a product for everybody and we're investors. So at GV, we want them to be successful and to have these huge markets. But it doesn't start there. So to build successfully, usually you have to be much more focused and much …”
Michael MargolisDec 1, 2024▶ 9:51Identify your bullseye customer in one day | Michael Margolis (UX Research Partner at GV)
Insight
Margolis: Batching customer interviews in one day makes patterns obvious
“If you do them in a clump like that, then the patterns are just much more obvious. You have to, at the end of the day, it's just really clear what were the big takeaways.”
Michael MargolisDec 1, 2024▶ 16:00Identify your bullseye customer in one day | Michael Margolis (UX Research Partner at GV)
Insight
Margolis: Testing multiple prototypes stops teams overcommitting to one idea
“The other big benefit of having multiple prototypes is it helps teams avoid getting too wed to one specific idea. And so you can get a little over committed. There's a risk that you get over committed to one idea.
You're polishing that you're working on it. Yo…”
Michael MargolisDec 1, 2024▶ 18:00Identify your bullseye customer in one day | Michael Margolis (UX Research Partner at GV)
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