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Ask HN: How to do market research for product?

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Re: Ask HN: How to do market research for product?

#81
I'm in the same boat right now, and the advice that's helped me is to focus on customer problems, not (yet) on solutions.

For example, you talk about "a problem with restaurants keeping their menus up to date." But is that a problem restaurant owners have? Or is it a problem you (as a customer) have? And regardless of whose problem it is, how big of a problem is it?

We can break it up into pieces:

1. Assume an up to date menu meant the restaurant had more customers. Would the restaurant be able to serve them? Obviously, if the restaurant is already full at peak hours, then more customers may not help. But what about restaurants that aren't full? Why do they not have enough customers? Is it because the menu is not up to date? Are there other possible reasons, and if so, could those lead to product ideas?

2. From the restaurant's customers perspective, what would they do to solve the problem? Would they switch restaurants if their favorite restaurant didn't have an up to date menu? How many customers would say, "I would eat at X more often if their menu was up to date"? What if all restaurant menus were always up to date? Would customers pay extra for that service?

3. One other entity to consider is the delivery app. Would they benefit from having up to date menus? Would people prefer a delivery app with up to date menus vs. competitors? Would that reduce churn for a delivery app? How much?

Of course, to get the answers to these questions you need to talk to restaurants, restaurant patrons, and delivery apps. But hopefully breaking it down can help guide the conversation.

Re: Ask HN: How to do market research for product?

#82
Having dealt with the very problem and market you’re thinking of penetrating I would actually walk away right now. Go talk to 5 engineers from POS, delivery, or QR companies. Restaurant owners will tell you whatever you need to hear. This is an exception industry, where I highly recommend talking to industry veterans over restaurant owners. This problem is a siren song to optimistic entrepreneurs and bright eyed engineers that haven’t had their hearts ripped out by one of the most hostile industries to startups.

The whole restaurant industry tech stack is built on closed APIs and POS systems that sometimes have no API. Plenty of POS and delivery services will not even consider granting API access until you have a substantial number of restaurants on your platform. Or charge you 10k-50k for a license to their sdk.

That’s just starting with access.

The next obstacle your product is going to have to deal with is a complete lack of standardization across products and platforms. Omnivore tried to solve this but ended up with a joke of a product.

Menus look easy right? Here are some of the nuances to consider. Does the menu support options or price variations? Variations are things like large medium small. Modifier groups are things like temperature, sides, etc. some POS systems support nested mods, Doordash for example let’s you have up to 7 mods in their API. Consolidating this with a POS that has no support for nested mods, will not be trivial. What about combos? Toast, and Square deliberately chose not to support combos due to the complexity but anyone coming from a Micros systems will demand combos. Are you going to support chits? If so do you have experience with esoteric kitchen printers to test kitchen and receipt printing with? Oh yeah, everyone writes their own proprietary drivers for printing shit, so good luck there. What about when restaurants have entirely different schedules for their delivery menu vs in house menu. How do you plan on handling things like deliberately out of sync holiday menus. Then you have the whole thing of access control. Some items are meant to only be orders by managers and not appear on digital menus. Are you thinking of doing enterprise? Great, you’re going to need to deal with inventory management systems too. Not only, you have to convince those players to integrate into you. These are small examples. If you try to build a universal machine for menus, you are going to have to come up with a generalized menu format that spans nearly 40 years and tens of millions of lives of code of feature creep. Then you’re going to have to deal with convincing everyone to work with you in an industry that’s main form of competitive advantage is anti-interoperability. If you crack this problem, let me know, I wanna invest.

The last thing you’re going to have to contend with is the user. Unless you are going extreme SMB (no margins). Who you sell your tech to will not be who uses your tech. This introduces a myriad of problems. Restaurants are revolving doors. The cost to retrain a new manager and not have your system ripped out by someone who hasn’t used it every 6 months is not a joke. Oh also, get ready to lose your nights and weekends to tech support.

I think so many tech people have walked into the restaurant space with a simple view of the space only to get burned. Myself included. I wish someone on the tech side had sat me down before I started one of these particular projects. The source of truth in a restaurant is whatever is in stock and whatever the manager feels like. Tech wise, it’s mostly the POS and they are extremely verticalized for a reason. Good luck! Hope this helps.

Re: Ask HN: How to do market research for product?

#83

I built a tool that lets you chat with 375k user software reviews and ask about user pain points. I put in a version of your question: What should I build for restaurant owners to help them ease some of their operations? And here is the first part of the answer it gave back: 1. One of the major pain points that restaurant owners face is the difficulty in managing and tracking orders from multiple delivery platforms.…

I asked the following question - “What should I build to help consultants who know AWS to people who are willing to pay to dollar”. How is the answer I got from your service different than the answer I got from ChatGPT? Since anyone can enter the same question for both, I won’t bother posting the replies.

The difference is in the reviews. If some of the scraped user reviews that are included in Painfinder speak directly to the question, the answer will be more specific and higher quality. If none of the reviews are relevant, it will give about the same answer as ChatGPT.

Re: Ask HN: How to do market research for product?

#84
post #17

Be very careful about how you ask questions because some forms of question solicit "approval" answers. It's culturally informed, some cultures try very very hard NOT to have to deliver a negative. Thats why some UX uses matched-pair questions which have two approaches to the issue at hand, boolean opposites, so you can see if they move sliders, weight or answer both the "correct" way to align the response. Separately…

And don't ask friends or family.

Elicit feedback by starting with the premise of "How does this suck right now?"

Re: Ask HN: How to do market research for product?

#85

I built a tool that lets you chat with 375k user software reviews and ask about user pain points. I put in a version of your question: What should I build for restaurant owners to help them ease some of their operations? And here is the first part of the answer it gave back: 1. One of the major pain points that restaurant owners face is the difficulty in managing and tracking orders from multiple delivery platforms.…

Reviews from where? All I’m getting are hallucinations

Software review sites -- TrustRadius and TrustPilot

Re: Ask HN: How to do market research for product?

#86
post #44

I was is in a similar position some time ago (albeit with a very different product). Long story short: Understanding the complexities of why a certain problem remains under-addressed was difficult in our case. As a result, we ended up pivoting into the direction of helping (potential) founders validate ideas through a specialized search engine of startups. We just launched a beta version of this on https://www.symond…

How is this different than searching crunchbase or pitchbook for a list of companies?

Our goal is to help people discover, test and validate startup ideas. We believe that a powerful free-text search engine is the best way to achieve this.

At this time, we focus on helping people find companies via their product and service offerings and not so much on 'who they are' (i.e. company characteristics, investors etc..). This is a fundamental difference to those platforms you mention.

Re: Ask HN: How to do market research for product?

#87
This is less of an answer to your how question and more of a validation/market research to the restaurant idea you have.

I went to techstars with the cofounders of Nextbite (ordermark at the time) and they did very well in consolidating orders from all the online platforms for the restaurants. I don't know if they ever took on menus, but I do know that restaurants struggle with keep up to date with all the food apps. So, seems like your idea has some market validation! Good luck.

Re: Ask HN: How to do market research for product?

#88
In your particular case, you have identified a problem (restaurant owners finding it difficult to keep their online menu's up-to-date).

Is the problem real? How did you find out? Talking to a few restaurant owners (who are keen to discuss) is the starting point. This will also give you insights into other adjacent problems (eg. why should I have to update my menu on my internal database and web portal?).

Is the problem worth solving? How often the restaurant owners need it? Is it important enough that they will pay for it? Do you believe you need to bill for it, or give it out for free to build the base for a future paying product?

As pointed out in the comments, go-to-market is really important. In your particular case, you have the opportunity for self-service acquisition, or via affiliates, or via partnership with Uber Eats, Yelp etc. to simplify on-boarding for restaurants. Go-to-market becomes a deal breaker as soon as you have a good product-market-fit.

Re: Ask HN: How to do market research for product?

#89
My best advice is to research competing products and what people have to say about them.

If it's a physical product, Amazon reviews are an incredible resource. If it's a digital/software product, use Google to search for "Alternatives to X", and then research each alternative. Again, look at what people are saying about the product.

What you're looking for is a gap in the market that your product can serve. If everyone is complaining about price, is your product cheaper? If everyone is complaining about complexity, is your product easier to use? If everyone is complaining about a lack of features, does your product have those missing features?

You don't need a product that solves every problem for every person. You're looking for a few key problems that you can solve better than anyone else.

If your product doesn't solve any problems better than the competition, move onto the next idea.

Re: Ask HN: How to do market research for product?

#90
First, forget about whatever thing you're planning on building. It's almost certainly the wrong thing. Second, get a job at a restaurant that deals with delivery apps. Third, observe restaurant owners and think about how you might sell to them. Fourth, based on your time at the restaurant, consider what product you might build to sell to them. Last, build a product.

Source: Me, having wasted years and countless thousands getting it wrong before starting to get it right.

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