Hi there, we'll take this one step at a time!
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If you struggle with a blank canvas, use this boilerplate to start. Remember, this is a flexible resource—tweak it as needed. Some sections might not apply to your product and you might come up with great ideas not listed here, don't let be restricted.
This is not the only format, we would love to see you scope out a great format for your product!
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Go wild and dive deep—we love well-researched documents that cover all bases with depth and understanding.
Refer to the project brief and the additional resources before you begin this project!
(Go through them at least 3 times or till the time you don’t have a mind map in your brain)
It's time to kickstart the project by taking a crack at building your Elevator pitch.
(Think of this as an introduction to your product- make it remarkable!)
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Primus Living is redefining the way India’s seniors live, combining residential, recreational, hospitality, and healthcare excellence into one seamless experience. Positioned at the forefront of the booming silver economy, we’re creating communities where independence meets care, and every day feels like a celebration of life.
(Go and speak to different users of the product and the people in the chain: households buying the product, shopkeepers selling the product, churned users, and users using competitor's products. In the case of B2B products identify the decision makers, the influencer, the blocker, and the end-user)
(There are separate tables for both B2C and B2B products, put down your your ICP’s in a Table Format, use this as a reference.
This table makes it super clear for anyone to understand who your users are and what differentiates them)
B2C Table
Criteria | User 1 (Primary Resident - Senior Citizen) | User 2 (Influencer/Decision Maker - Family Member) |
---|---|---|
Name | Mr. Ramesh Mehta | Mrs. Meena Sharma (daughter) |
Age | 70 years old | 45 years old |
Demographics | Urban, Tier-1 city (Mumbai, Bengaluru, Delhi) | Urban, Tier-2 city (Pune, Jaipur, Kochi) |
Need | Comfortable and secure living with healthcare and recreational facilities. | Ensuring parents have a safe, engaging, and independent lifestyle. |
Pain Point | Loneliness, lack of engaging activities, healthcare access concerns. | Balancing work and caregiving responsibilities remotely. |
Solution | Integrated senior living with residential, healthcare, and recreational services. | Reliable, all-inclusive housing that offers peace of mind for the family. |
Behaviour | Prefers trusted, high-quality brands. Open to modern facilities if they are intuitive and easy to use. | Researches extensively online, consults friends/family, and compares options. |
Perceived Value of Brand | Premium and reliable brand ensuring care and comfort. | Trusted name with a focus on transparency and quality. |
Marketing Pitch | "Live independently, stay engaged, and access world-class care at Primus Living." | "Give your parents the care they deserve, without compromising their independence." |
Goals | To maintain an active, dignified, and comfortable lifestyle. | To find a solution that ensures their parents' well-being and peace of mind. |
Frequency of Use Case | Daily living | Monthly visits/check-ins. |
Average Spend on the Product | INR 30-60 lakh (upfront payment) or INR 60,000/month (subscription-based). | INR 30-60 lakh (investment for their parents). |
Value Accessibility to Product | Accessible via online platforms, brokers, or walk-ins. | Research via online platforms and consultations. |
Value Experience of the Product | Luxurious, hassle-free living with a strong sense of community. | Satisfaction from knowing their parents are cared for. |
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We have multiple users of a product and not all of them can be our ICP for whom we make our strategies, we need to prioritize.
(use this ICP prioritization table)
Criteria | ICP 1 (Senior Citizens as Residents) | ICP 2 (Family Members as Decision Makers) |
---|---|---|
Adoption Curve | High (Willingness to adapt to community living with proper care) | High (Readily accept solutions that ensure peace of mind for parents) |
Appetite to Pay | Low (Dependent on fixed income or family support) | High (Ready to invest in parents' comfort and safety) |
Frequency of Use Case | Medium (Daily users of the facilities and services) | Low (Occasional visitors, focused on overall satisfaction) |
Distribution Potential | High (Word-of-mouth recommendations among peers) | High (Influence other families within social circles) |
TAM (Total Addressable Market) | High (Growing senior population with increasing life expectancy) | High (Large urban middle-class families seeking senior care solutions) |
Sources for TAM
1. Rapid Growth of India's Elderly Population
2. Expansion of the Silver Economy
3. Urbanization and Nuclear Family Trends
4. Increased Life Expectancy
5. Growth in Senior Housing Market
6. Rising Disposable Income Among Seniors
7. Global Comparisons
(Before you begin, you need to know what your product is, what are its features, what is the problem being solved by your product?)​
(Build your core value proposition by exact what your product does and what problem are you solving)
"Primus Senior Living: Empowering seniors with a life of care, independence, and joy in their golden years."
Primus Senior Living offers a comprehensive solution tailored to the unique needs of India's senior citizens, addressing key challenges they face in their golden years.
Core Value Proposition
Primus Senior Living provides a holistic environment where seniors can lead independent, active, and fulfilling lives, free from daily hassles and safety concerns.
Key Features and Services
Problems Addressed
Factors | Competitor 1: Columbia Pacific Communities | Competitor 2: Ashiana Housing | Competitor 3: Antara Senior Living | Competitor 4: Brigade Orchards |
---|---|---|---|---|
What is the core problem being solved? | Providing seniors with a premium and holistic living environment. | Offering affordable and community-oriented senior living. | Delivering ultra-luxury senior living tailored to high-net-worth individuals. | Offering integrated senior-friendly townships with multi-generational appeal. |
What are the products/features/services being offered? | Luxury senior living with healthcare, recreation, wellness, and concierge services. | Affordable housing with basic amenities, community activities, and healthcare. | High-end senior living with advanced healthcare, luxury homes, and curated experiences. | Townships with senior-friendly homes, green spaces, and recreational amenities. |
Who are the users? | Affluent senior citizens (SEC A) seeking luxury and comfort. | Middle-class senior citizens (SEC B/C) seeking affordability and security. | Ultra-affluent seniors (SEC A1) expecting bespoke living standards. | Seniors looking for a community lifestyle with family integration. |
GTM Strategy | Focused on building brand equity in Tier 1 cities with premium offerings. | Expanding in Tier 2/3 cities with cost-effective solutions for seniors. | Targeting metro cities with exclusive offerings and personalized services. | Marketing integrated townships to seniors and families, emphasizing community living. |
What channels do they use? | Website, social media campaigns, real estate brokers, PR campaigns. | Direct sales through brokers, local print ads, regional events. | Website, high-profile events, exclusive partnerships, and high-net-worth PR campaigns. | Online marketing, real estate expos, and local partnerships. |
What pricing model do they operate on? | High upfront cost or rental-based model. | Affordable purchase or rental options with EMI flexibility. | Purchase-only model with ultra-premium pricing. | Mixed pricing: purchase or rental models for senior-friendly homes. |
How have they raised funding? | Backed by Columbia Pacific Group, leveraging international expertise and funding. | Public funding and real estate development profits. | Part of Max Group, leveraging their healthcare and insurance synergies. | Funded via real estate profits and integrated project revenues. |
Brand Positioning | Ultra-premium senior living with global standards. | Affordable housing that prioritizes community living. | Redefining luxury and personalized care for seniors. | Community-driven lifestyle with senior-friendly amenities. |
UX Evaluation | User-friendly website and app with virtual tours and online consultations. | Basic online presence; limited user interactivity on digital platforms. | Premium digital experience with curated virtual walkthroughs. | Functional website with basic booking and consultation options. |
What is your product’s Right to Win? | Strong differentiation through luxury, concierge services, and global expertise. | Wide accessibility through affordable housing and community-driven focus. | Unmatched luxury and attention to detail for affluent seniors. | Integrated living that caters to multi-generational families, including seniors. |
What can you learn from them? | Focus on luxury and seamless experiences to build aspiration. | Create affordable models to expand market reach in Tier 2/3 cities. | Establish ultra-luxury positioning with niche targeting. | Highlight multi-generational appeal and townships for family inclusivity. |
Metric | Calculation/Estimation | Value |
---|---|---|
TAM (Total Addressable Market) | Projected to be 173.2 million by 2026. | 173.2 million seniors |
SAM (Serviceable Addressable Market) | Assuming 30% of seniors reside in urban areas: 173.2 million Ă— 30% = 51.96 million. Estimating 20% are SEC A: 51.96 million Ă— 20% = 10.392 million. | 10.392 million seniors |
SOM (Serviceable Obtainable Market) | Targeting 5% market penetration: 10.392 million Ă— 5% = 0.5196 million. | Approximately 520,000 seniors |
(keep in mind the stage of your company before choosing your channels for acquisition.)
Channel Name | Cost | Flexibility | Effort | Speed | Scale |
---|---|---|---|---|---|
Organic | Low (SEO-driven, minimal costs) | High (content updates are quick and easy) | High (requires consistent effort to build content) | Slow (takes time to see traction) | Medium (scales gradually with time) |
Paid Ads | Medium-High (CPC can be competitive in real estate/luxury) | High (easy to tweak campaigns in real-time) | Medium (requires expertise to manage campaigns) | Fast (generates quick results) | High (broad reach with investment) |
Referral Program | Medium (incentive costs per referral) | Medium (adjust incentives or structures easily) | Medium (needs a strong program setup and monitoring) | Medium (depends on word-of-mouth spread) | High (scales well with successful referrals) |
Product Integration | Medium-High (integration setup costs) | Low (requires long-term partnerships) | High (requires collaboration with partners) | Medium (depends on partner adoption) | High (amplifies via partner networks) |
Content Loops | Low-Medium (cost of creating engaging content) | Medium (can repurpose content quickly) | High (needs creativity and regular posting) | Medium (viral content can accelerate) | Medium-High (scales well over time) |
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(Understand the existing organic channel strategy for your product and highlight the success and failure thereon.
Provide your suggestions and devise new strategies.)
Step 1 → Conduct keyword research on Google, Amazon, Youtube, Quora etc.
Step 2 → Collate all your insights from all your searches.
Tool Access NOT available
(Keep it simple and get the basics right)
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Step 1 → Nail down your content creator, content distributor and your channel of distribution
Step 2 → Decide which type of loop you want to build out.
Step 3 → Create a simple flow diagram to represent the content loop.
(Understand what is already being done, what is working out well and what needs to be stopped)
Step 1 → Define the CAC: LTV ratio. If your product has a healthy CAC:LTV ratio, proceed with paid ads.
Step 2 → Choose an ICP
Step 3 → Select advertising channels
Step 4 → Write a Marketing Pitch
Step 5 → Customize your message for different customer segments to ensure relevance
Step 6 → Design at least two ad creatives (e.g., images, sketches, videos, text ads) that reflect your marketing pitch.
Ideal Customer Persona (ICP):
Primary Pitch:
"Primus Senior Living is where seniors find independence, care, and comfort, and families find peace of mind. Luxury homes with 24/7 healthcare, vibrant communities, and thoughtful services—all designed to make life fulfilling."
Headline:
"Your parents gave you the best life. Let us give them the same."
Carousel Slides:
Script:
Opening Scene (A senior enjoying yoga outdoors):
Voiceover:
"At Primus, every day begins with care and ends with comfort."
Cut to (Modern interiors and residents laughing together at an event):
Voiceover:
"It’s not just a place to live—it’s a place to thrive."
Closing Scene (A family hugging a smiling senior):
Voiceover:
"Because your parents deserve a life as extraordinary as the one they gave you."
CTA (On Screen):
"Visit Primus Senior Living today and see how we make every moment count."
Headline 1:
"Luxury Living for Seniors in India"
Headline 2:
"Safe, Secure, and Fulfilling Homes"
Description:
"At Primus Senior Living, we combine care, comfort, and community to create the perfect home for seniors. Visit us today to experience it yourself."
CTA:
"Explore Primus →"
(Understand, where does organic intent for your product begins?)
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Complementary Services for Seniors and HNIs:
Product/Service | Frequency of Use | Importance to ICP | Can Primus Add Value? | Score (Out of 5) |
---|---|---|---|---|
Axis Reserve Credit Card | Low-Medium | High | Yes | 4 |
BigBasket | High | High | Yes | 5 |
Tata 1mg | High | High | Yes | 5 |
Uber Assist | Medium | High | Yes | 4 |
Portea | Medium-High | High | Yes | 4 |
Example: Credit Card Weekend Trial
Example: Wellness Integration (Cult.fit & Portea)
Brand Name | Feature Offered | Time to Go Live | Tech Effort | New Users (Monthly) | Month 1 Users | Month 2 Users | Month 3 Users |
---|---|---|---|---|---|---|---|
Axis Reserve Credit Card | Weekend trial stays | 2 months | Medium | TBD | TBD | TBD | TBD |
BigBasket | Grocery delivery | 1 month | Low | TBD | TBD | TBD | TBD |
Tata 1mg | Medicine delivery | 2 months | Medium | TBD | TBD | TBD | TBD |
Uber Assist | Senior-friendly rides | 3 months | Medium | TBD | TBD | TBD | TBD |
Portea | Physiotherapy and wellness | 2 months | Medium | TBD | TBD | TBD | TBD |
(For B2B companies, if referral does not make sense you'll take a crack at a partner program for your product)
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Step 1 → Flesh out the referral/partner program
Step 2 → Draw raw frames on a piece of paper to get the gist.​
(Don't spend a lot of time on design. This is for you to communicate how the referral hook will look)​
​we hope this helped you break the cold start problem!
Reminder: This is not the only format to follow, feel free to edit it as you wish!
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