A playbook for Generating Business Ideas
Different Problem, Same Solution
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- Different Markets
2. Different Problem, Same Solution
“Different problem, same solution” means taking a product that some group of customers wants in order to solve some problem, and supplying it to a different group of customers, or to solve a different problem. The examples described below will help you understand what that means in practice, and how you can apply this strategy when coming up with your next big idea. Different Markets Different customer markets have different needs. For example, the needs of people living in Austin, Texas, are different to the needs of people living in Antarctica as it pertains to controlling indoor temperatures. Many companies have become successful through providing a product that people want to solve a different problem, or to a different customer segment. Below are two examples. a. Supermarkets There are probably hundreds, if not thousands, of different grocery store companies. What the success of many of these companies validates is that people want to walk into a physical store, pick out their groceries, pay for them, and take them home. Different supermarket companies serve different customer segments. For example, Whole Foods serves people who like organic food because they think it won’t make them fat. Walmart serves people who find low cost to be the most valuable aspect of shopping. Another grocery store company might serve certain ethnicities by providing more relevant food options. And the list goes on. b. Online Dating While online dating is still in its relative infancy, several online dating companies have a lot of customers and are, by most definitions, “successful.” The success of these companies validates that people want to use the Internet to find their next boyfriend, girlfriend, husband, wife, and/or “friend with benefits.” Several companies have taken the online dating product that has been supplied by some of the most successful online dating companies, such as Match, and differentiated it to meet the needs of different customer segments. JDate is online dating for Jewish people. Christian Mingle is online dating for Christian people. Tinder is online dating based on physical location. Grinder is online dating for gay people. And the list goes on. Download 0.85 Mb. Do'stlaringiz bilan baham: |
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