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Anonymous

Hey I am on Medial • 1y

How important is a problem statement? If you can deliver a better product than the competition ,if it's quicker delivery or cheaper prices. Will it be a issue if there is not a huge problem? For example in the fashion industry if delivery speed is not a real issue could you still build a business out of getting faster delivery?

3 Replies

Replies (3)

Anonymous 3

Hey I am on Medial • 1y

The real question is: Is the improvement significant enough to drive customer acquisition and retention? If faster delivery in fashion can give you a competitive edge and keep customers coming back, it could be a solid business model. Just be prepared to defend your moat when competitors inevitably try to catch up.

Anonymous 2

Hey I am on Medial • 1y

In your fashion delivery case, you could potentially create a "problem" by highlighting the frustration of waiting for clothes to arrive. "Why wait a week when you could have it tomorrow?" It's all about perception and positioning.

Anonymous 1

Hey I am on Medial • 1y

Problem statements are crucial, but they don't always have to be about solving massive issues. In your fashion delivery example, even if speed isn't a "huge" problem, it can still be a differentiator. Look at Amazon Prime - they turned 2-day shipping into a standard when most people were fine with longer waits. It's about creating value, even if it's solving a "nice to have" problem rather than a "need to have" one. That said, the smaller the problem, the harder you'll have to work on your marketing and positioning. You'll need to convince people that faster delivery is something they want, even if they didn't realize it before.

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Jigar Khalpada

Hey I am on Medial • 12m

I am developing Simple mvp (App) which can compare prices between different products and services eg:grocery, cab service, food delivery, pharmacy, fashion etc But the problem is API since the only api available to integrate is for Ola and Uber

continue

it’s not feasible

Votes: 14

1 Reply

Anonymous

Hey I am on Medial • 1y

Q-commerce is slowly taking shares from all parts E-commerce in india expanding beyond simple grocerys,into toys ,essentials and other FMCG departments.So why not try to implement it in Fast fashion,with fast fashion where AOV is already higher than

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I have done registeration in sih , bcz my professor told me I should , but am not getting any attractive statement or so , can someone help me , with any idea or problem statement

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Shashwat Srivastava

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What Problems do you guys face in use of internet on a day to day basis? This statement is to find out if there is a problem that actually hasn't been solved and we could technically build a product around it!

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Piyush Goswami

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Just read a post on medial regarding Myntra entering the doorstep delivery market although it is currently confined to only fashion and a few more things. But why is there so much scuffle in the doorstep delivery market??

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How to get start up support guys Iam in beginning I have a problem statement If we post our idea here how it will be safe

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Hi Everyone. I m participating in a hackathon competition so anyone can suggest me a problem statement?

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