So, you got your product successfully launched? Fantastic!
A hundred users have already signed up, clicked around, and perhaps even paid. Huzzah! That is an achievement worth celebrating!
But– alas– it is not the time to rest, not yet! Why? Because what you saw was a mere mirage and not the fountain.
Many startup founders fall into the trap of believing that the first 100 customers prove demand and help achieve early traction to continue following the scale.
With your early adopters, a unique breed of customers who seek the thrill of the new, explorers who were eager to test uncharted waters but refuse to build a home there, the performance is unpredictable in terms of success, or quite predictable as they are bound to wither out eventually.
Who are Early Adopters?
Explorers. They are curious about the new wave, mostly tech-savvy, willing to take risks, and easily excited by novelty.
It is the thrill of being "the first" that excites them – be it to try or to break or to tell others about a product first.
The early customers are very crucial to help spread the word about your brand; they co-create, advocate, and even wear the hat of evangelists.
"The help that we got from the first ten clients was more important than the money we got from them. It helped us build something that customer now love to use." Harshdeep Rapal, CEO of Legitt AI remarks.
These customers can provide you with honest feedback while stepping up to try your first batch of cookies. They are thought leaders, and that would help pull the tide your way as their social network can be leveraged.
They may also help you discover bugs and become your means to uncover the chink in the otherwise-perfect armour.
Why Early Adopters May Not Be the Real Customers
The early adopters are not your real customers, unlike the next 1000 or 10,000 customers that follow. The latter follows your product specifically because it resolves a persistent problem in their life.
Early customers are willing to compromise on functionality and design aesthetics when it comes to trying out a new product. Less sensitive to price, they would be willing to pay a great money to try alternatives for the sake of exploring.
Here is Why it Gets Dicey:
- Conversion Rates: With higher conversion rates noticeable among the first 100, the false assumption is that the values could be transferred and reflected in the later stages.
- Retention Challenges: Although instrumental in the initial stages, their engagement could be fleeting and these customers would abandon a product as soon as the thrill for the novelty dies or with the introduction of a newer product in the market.
- Feedback Bias: Contrary to the general market expectations and needs, the early adopters could only provide feedback on niche use cases or cutting-edge features only.
- Pricing Sensitivity: When it comes to pricing, early adopters may be willing to accept a higher pricing fee but real customers would expect value aligned pricing and reliability.
How to Transition Early Adopters into Practical Users
For optimal management of the product, there are various means through which you can maximize results from early adopters.
- Gather Feedback Across All Ranges of Customers: Although early customers are the easiest to get signed up and most vocal, the assessment panel must include customers from across the spectrum of early majority, late majority, and even those who are technologically backward.
- Identify and Retain Only the Right Early Adopters: It is crucial to identify those whose needs align with the broader target market and be sure to offer them incentives to continue with the brand.
- Build with Scalability: The product is meant to grow with its users. The customer support systems should be built on stability, mobile readiness, and intuitive UX, which extends beyond technical skills that only the initial customers have.
- Leverage the Initial Network of Customers: Empowering the most active early adopters to become the flagbearers and onboarding mentors. Giving them permission to create content, answer questions, and conduct demos would attract more customers.
What is Your True Milestone?
Although the first 100 users mark a valuable benchmark, it does not indicate the market fit of the product.
As you celebrate your first 100, remember not to equate them with success.
Real customers look out for meaningful solutions. By bridging the gap from early adopters to real customers, companies can build sustainable products that deliver true value and gain loyal, engaged user bases.
The quiet, persistent ones are your real customers. Practical. The first hundred were emotional, unless you succeeded in transforming them to power your growth engine.
Edited by Harshajit Sarmah