Professional Documents
Culture Documents
Quiz 4.1. Competition Analysis-ASP
Quiz 4.1. Competition Analysis-ASP
● You must step out of the classroom and go and meet your potential customers to
complete this task.
● This task will help you identify and understand your competitors.
● You will also get to identify the product benefits that are most important to customers.
● You will understand how customers perceive the benefits that you are offering so that you can
further refine your value proposition.
Step 1: Identify 3 to 6 existing players who are likely to be your main competition. Be careful to correctly
identify those competitors who will be fighting for the same niche. In case you can identify many more
competitors, go for the ones who sell more in your niche.
Step 2: Identify the important product benefits (pain relievers or gain creators) that you are offering.
Shortlist from the list the 4 to 10 that are most important to customers. To do this, simply merge the lists
of gain creators and pain relievers you had worked on and prioritize the joint list. List them below:
Product Benefits:
We are on the needs of our customer and its benefits. Highly Accessible: Access our tutorials from the comfort of
your home or any location with an internet connection. Learn at your own pace, on your schedule. Expert Instructors:
Benefit from the expertise of our experienced instructors who are passionate about teaching and dedicated to your
success. Interactive Learning: Engage with our interactive learning modules, quizzes, and assignments to reinforce
your understanding of the subject matter. Hands-On Learning: Certain subjects or skills, such as laboratory
experiments, arts and crafts, or physical fitness, are best learned through hands-on experiences, which are
facilitated in online tutorials. Flexibility: Online tutorials offer flexibility in terms of scheduling and location. Students
can access materials and lectures at their convenience, making it easier to balance learning with other
commitments. Up-to-Date Content: Online tutorials can be quickly updated to reflect the latest developments and
advancements in a field, ensuring students receive current information
Astral Prime Solution
Milestone 2 Task Justado, Aldrin P.
Bustillo, Emmanuel P.
Competition Analysis Reyes, Marc Daniel P.
Amba, Gwen Crissan
B. Customer Interviews
It is recommended you interview at least 4 customers. Every team member must get an opportunity to
be a part of the interview process. You need to interview customers to:
To do this, show them your list of product benefits and add or remove them based on what the
customers say. Ask them how the competitors fare against those product benefits. Based on what the
customers say as well as your research, you need to tabulate your findings.
Use the tables below to capture your customer responses on the validation of your product benefits as
well as how they think competition is doing against those benefits.
Astral Prime Solution
Milestone 2 Task Justado, Aldrin P.
Bustillo, Emmanuel P.
Competition Analysis Reyes, Marc Daniel P.
Amba, Gwen Crissan
Customer 1:
Customer 2:
Customer 3:
Benefit 1 Benefit 2 Benefit 3 Benefit 4 Benefit 5
KIPPAP Online Expert Highly Interactive Hands-On Up-to-Date
Review Center Instructors Accessible Learning Learning Content
CE BOX Expert Highly Interactive Hands-On Up-to-Date
Instructors Accessible Learning Learning Content
Engineer’s Expert Highly Interactive Hands-On Up-to-Date
Insight Instructors Accessible Learning Learning Content
Expert Highly Interactive Hands-On Up-to-Date
Edukasyon.ph Instructors Accessible Learning Learning Content
Enginerdmath Expert Highly Interactive Hands-On Up-to-Date
Instructors Accessible Learning Learning Content
Astral Prime Solution
Milestone 2 Task Justado, Aldrin P.
Bustillo, Emmanuel P.
Competition Analysis Reyes, Marc Daniel P.
Amba, Gwen Crissan
Customer 4:
Benefit 1 Benefit 2 Benefit 3 Benefit 4 Benefit 5
KIPPAP Online Expert Highly Interactive Hands-On Up-to-Date
Review Center Instructors Accessible Learning Learning Content
CE BOX Expert Highly Interactive Hands-On Up-to-Date
Instructors Accessible Learning Learning Content
Engineer’s Expert Highly Interactive Hands-On Up-to-Date
Insight Instructors Accessible Learning Learning Content
Expert Highly Interactive Hands-On Up-to-Date
Edukasyon.ph
Foundational Course in Entrepreneurship
Tally Results:
Benefit 1 3 out of 4 choose KIPPAP Online Review Center
Benefit 2 Majority choose Engineer’s Insight
Benefit 3 3 out of 4 choose CE BOX
Benefit 4 All the respondent prefers KIPPAP Online Review Center
Benefit 5 3 out of 4 choose KIPPAP Online Review Center
C. Once you have filled these Customer interview tables, use the data to make a table like the one
on energy drinks to summarize your findings.
The rise of academics in YouTube tutorials reflects the changing landscape of education and
information dissemination. While competition is fierce, it ultimately benefits learners by pushing creators to
produce high-quality, accessible content. Based on findings summary above, it shows the various competitors in
the academic online tutorials. It shows the different benefits that they offer base on its features. Most of the
customers prefer KIPPAP Online Review Center as their alternative aids for the tutorials in online. Customers
prefer its professional instructors, hands-on learning, and the up-to-date content.
Lean Canvas
SOLUTION CUSTOMER SEGMENTS Business Model (Explain with a process
• Full video tutorial UNIQUE VALUE UNFAIR ADVANTAGE
PROBLEM • Existing Fame or Following • College students of TIP QC diagram)
• Difficulties to cope with their
concerning fundamental PROPOSITION • Niche Dominance • Civil Engineering students
engineering subjects We provide CE students of TIP QC a User Login
engineering subjects • Supportive Community or • 4th year CE students
• 24 hours availability of free yet profitable online tutorial of (YouTube thru gmail account)
• Medium to fast pace of Network • 22-24 years old college students
online learning tutorials engineering subjects via YouTube
discussion via YouTube
• Some students lack basic channel which can be accessed
• Provided with complete anytime in times of need. Subscribe YouTube Channel
knowledge in CE subjects formulas as well as its
• The professor’s approach to derivation for better
CE-related solutions is different • understanding
from what they are reviewing Browsing YouTube Content
from the outside source
• There is a dependable external KEY METRICS CHANNELS Content’s Feedback and Reviews
source that could aid students • Number of subscribers via comment section
in their learning, but it • YouTube channel
• Number of viewers
requires a payment to gain • Facebook page
• Average viewers per week • TikTok
access. and per month Accumulate many viewers and
• Instagram’s Reels subscription
• Average revenue gains
from the YouTube
EXISTING ALTERNATIVES advertisements
Monetization thru YouTube ads
• Access through the school’s • Average revenue gains
library from the monetization
Facebook and Instagram’s HIGH-LEVEL CONCEPT
• Access through online
websites Reels Like Khan Academy but focuses EARLY ADOPTERS
• Average revenue gains only on Civil Engineering related • TIP QC Civil Engineering
• Through peer-to-peer
from the monetization of subjects, with compiled formulas students
discussion
TikTok viewers and their derivations
COST STRUCTURE
• Utility bills This canvas
REVENUE STREAMS explains how the venture
• Equipment and Software
• Advertisement Revenue (Google Adsense) makes money (attracts,
• Marketing and Promotion
• Affiliate Marketing serves and keeps customers)
• Taxes and Permits
• Fan Funding and Donations