⛰️ What Does Your Product Replace?
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⛰️ What Does Your Product Replace?
Understand what a customer might replace you with in order to understand how they categorize your solution.
The best way to understand competitive alternatives is to answer the question, What would our best customers do if we didn’t exist? The answer could be that they would use another product that looks like a direct competitor with you. But often that’s not the case. For many new products, the answer is “use a pen and paper” or “hire an intern to do i
... See moreThe way to find the epicenter is to ask yourself this question: “If I took this away, would what I’m selling still exist?”
Even if you create a product that solves a meaningful problem, the solution needs to deliver so much value to the user that it compensates for the hassle of switching from their existing solution. Essentially, the delta between the value the current solution delivers and the value the new solution delivers needs to be significantly more than the co
... See moreSwitching from whatever product or solution they use today has a real cost, so your solution doesn’t just have to be better — it has to be so much better it’s worth the effort to switch.