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Imagine the misery people went through for centuries prior to the discovery of pain killers. If you’ve ever had a tooth ache, I’m sure you can attest to the eff
by ayewo 4y ago
Imagine the misery people went through for centuries prior to the discovery of pain killers. If you’ve ever had a tooth ache, I’m sure you can attest to the efficacy of pain killers as a medical invention. They are an enormously important piece in the quality of life that most of us enjoy today.
The vitamin vs pain killer metaphor is about building a company with a defensible business model.
So, the metaphor is about arriving at an honest answer to this question: would the “quality of life” of your first customer improve significantly if they switched to your product?
If you answer is no, you have two options:
1. either make changes to your product to make it more attractive to your target customers or;
2. keep the product as-is but change your positioning so that the product can be marketed to a different set of target customers to which the answer to the question is yes.