AI Content Chat (Beta) logo

Figure 4-5. Indirect competitor’s website: Gilt Gilt is an indirect competitor because it offers a partial solution to the Busy Man customer segment. With Gilt, the Busy Man could avoid annoying salespeople and get access to top brands. However, Gilt has a flash sales business model. That means that single products are only on sale for a brief period of time (perhaps just 24 hours). This makes it possible for Gilt to offer its targeted customer base deep discounts, but Paul’s intended customer base doesn’t want that at the expense of flexibility and time. Time limits and curated selections would actually prevent Paul’s intended customers from putting together the personalized wardrobe of their dreams. So, although customers of the Busy Man could solve some of their big fashion needs with Gilt, it wouldn’t be the their ideal solution. But no matter, whether the competition is direct or indirect, the Internet is an intense marketplace. Make sure that you consider all of your competitors because they will affect the overall success of your product. The reality is that people often use products or combinations of products in ways that the product makers do not expect. (Remember what Ena discovered about hosts for wedding venues on Airbnb!) Research everything because that is how you and your team will ensure that you have an edge over others in your industry.

UX Strategy: How to Devise Innovative Digital Products that People Want - Page 86 UX Strategy: How to Devise Innovative Digital Products that People Want Page 85 Page 87