Why spy on competitors
Posted: Thu Jan 23, 2025 4:00 am
What are some examples?
Why fix your competitors' mistakes?
"Survivorship Bias"
If you want to create a quality product, you need to learn how to manage a team of designers, marketers, and developers. And in order for the product to be not only high-quality, but also popular and profitable, you need to understand what the needs of your potential customers are. In this case, competitors will come to your aid. You can see many useful and ready-made solutions from them that you can use to develop your own product.
Receive a grant covering 50% of your tuition fees
And learn a new profession online from anywhere in the world
Get a grant
What are some examples?
There was a time when Airbnb, Tinder, and Uber hong kong email list were creating a boom in the world of product development. At the same time, few people had heard of Postmates and GrubHub, whose capitalization now exceeds $1 billion. These services arose on the basis of Uber's solution.
Uber's ideas have been used not only by delivery companies, but also by dog walking services, English schools, and others. Therefore, even studying products not directly related to your area can help in creating an effective strategy. It is extremely important to study different product solutions. In some cases, you will be able to adopt individual parts of them or the entire model.
Why fix your competitors' mistakes?
You're probably familiar with the dating app Tinder. However, not everyone knows how many products have been created based on it.
Why fix your competitors' mistakes?
"Survivorship Bias"
If you want to create a quality product, you need to learn how to manage a team of designers, marketers, and developers. And in order for the product to be not only high-quality, but also popular and profitable, you need to understand what the needs of your potential customers are. In this case, competitors will come to your aid. You can see many useful and ready-made solutions from them that you can use to develop your own product.
Receive a grant covering 50% of your tuition fees
And learn a new profession online from anywhere in the world
Get a grant
What are some examples?
There was a time when Airbnb, Tinder, and Uber hong kong email list were creating a boom in the world of product development. At the same time, few people had heard of Postmates and GrubHub, whose capitalization now exceeds $1 billion. These services arose on the basis of Uber's solution.
Uber's ideas have been used not only by delivery companies, but also by dog walking services, English schools, and others. Therefore, even studying products not directly related to your area can help in creating an effective strategy. It is extremely important to study different product solutions. In some cases, you will be able to adopt individual parts of them or the entire model.
Why fix your competitors' mistakes?
You're probably familiar with the dating app Tinder. However, not everyone knows how many products have been created based on it.