You’ll end up adjusting and customizing your product to death to make it fit for every individual purchase. In order to convince your target segment you’re selling a holistic, well-supported product with good references and establish yourself as the market leader, you have to strictly sell to only your target group.ĭon’t expand too early or sell to outsiders, just because you have the chance to. Think of it as first securing a beachhead in an invasion, to take a stand and then build from there. Then you can expand into other niches later on until you cross the critical threshold. Pick a very targeted and specific niche of customers inside the early majority to focus on. So how do you overcome that vast chasm between the two groups? You start small. Lesson 2: You can only cross the chasm by targeting a specific niche first. This dilemma is what Geoffrey Moore calls “The Chasm” and it’s something all high tech companies must overcome, if they ever want to see their product become successful and reach the majority of the population. The majority wants to buy from established brands and companies, but without having the majority buy your product, you can’t become an established brand. Therefore, most arguments visionaries make to get the majority to buy aren’t appealing. They don’t want big changes and huge innovations, but rather incremental improvements based on using proven products and solutions. People in the early majority are much more pragmatic though. The visionary early adopters want huge changes and are willing to bet on them against the odds. The reason is that the motivations for buying a product are vastly different. The chasm is the huge gap that lies between the early adopters and the early majority, when a product is very disruptive and requires behavioral changes. Innovators jump on the product at first, followed by early adopters, the early and late majority, to finally reach the laggards (the people who only got a Facebook account when their Mum had already joined 6 months before). The main idea of the book is based on the technology adoption life cycle, which states that new technology makes its way through the population in a bell curve distribution.
#Chasm in a sentence pdf#
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