Difference between revisions of "Competitive hypothesis"

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(Created page with "=Goal= Preliminary map the competitive environment. =Checklist= * Why will customers buy your product? ** Your product is something they need but they don't know it yet. ** Yo...")
 
(Replaced content with "Competitive hypothesis Category:mbi")
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=Goal=
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Competitive hypothesis
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Preliminary map the competitive environment.
 
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=Checklist=
 
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* Why will customers buy your product?
 
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** Your product is something they need but they don't know it yet.
 
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** Your product can do something they need and they can only get via multiple vendors
 
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** You solve a real, definable pain that cannot be solved any other way. If so, how?
 
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** Our product is faster / cheaper / better than anything else out there. If so, you believe your superiority will last multiple generations because...?
 
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** Our products allow them to do something they could never do before
 
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* Why are you different?
 
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** New market (selling to new users who have no comparable product)
 
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** Better Features?
 
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** Better Performance?
 
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** Better Channel?
 
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** Better Price?
 
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* If this were a grocery store, which products would be shelved next to it?
 
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* Who are your closest competitors today?
 
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** In Features?
 
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** In Performance?
 
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** In Channel?
 
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** In Price?
 
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* What do you like most about the competitors product?
 
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** What do your customers like most about the competitors product?
 
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** If you could change one thing in a competitors product, what would it be?
 
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* Who in a company uses the competitors products today?
 
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** By title? By function?
 
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* How do these competitive products get used?
 
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** Describe the work-flow / design flow for an end user
 
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** Describe how it affects the company
 
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** What percentages of their time is spent using the product?
 
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** How mission critical is it?
 
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=Exit deliverables=
 
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* A description of the competitive environment.
 
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Part of: [[Customer Development Checklist|Customer Development Checklist]] - [[Customer Discovery|Customer Discovery]]
 
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Part of book: [[The Four Steps to the Epiphany|The Four Steps to the Epiphany]]
 
 
[[Category:mbi]]
 
[[Category:mbi]]

Revision as of 19:18, 27 August 2020

Competitive hypothesis