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One for the Price of Three?

by Stuart Foster on October 29, 2009

Filling the ice house

Would you like to invest in a product that serves a singular purpose? Why worry about devices that can do thousands of things when you can have a larger device that just does one?

Then I have an amazing opportunity for you:

Three products have come out in the last couple of years that fill this "niche" in the market: The Kindle, The Nook and The Peek.

Seriously?

Now some people will tell me that there is a market for these products and that one can even be leveraged effectively through ad networks. True, these products could potentially serve as a massive ad platform but they won't. Why? You can have the functionality of each of these AND call people with the current generation of smart phones.

The business model behind these products seems to be this: "I hope none of them know about the Iphone yet." That isn't a business model, it's a prayer.

The first two products were designed to compete with a book. Unfortunately for them, they've been preempted by a tsunami of superior products that fill the "good enough" mold that has revolutionized how businesses create products via crowdsourcing and social media.

The Peek doesn't really justify a full conversation. It has been covered in enough detail here: "However, the new TwitterPeek seems...well...sort of crazy, to be honest. Who's so addicted to Twitter that they're going to purchase this device instead of using Twitter's SMS service or just breaking down and buying a device capable of running apps or surfing the web? We know Twitter is a lot of fun, but is it really so essential that we need a standalone device?"

This all comes back to utility. Your product, campaign or call to action needs to provide value to the customer. It also has to maintain said value for a reasonable amount of time. Otherwise you run into the classic ice cutting problem (Escalation of techniques to do do one thing being eclipsed by a game changer called refrigeration.) and your technology will become obsolete before it has a chance to catch on.

Simplicity, utility and clear need. That's how you can create an effective product. What's your take?

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  • JStolarcyk
    Except that the Kindle and the Nook are less about being devices that do a specific thing and more about being totems of brand loyalty. You're not going to get a Nook unless you're a dedicated B&N customer. The big reason to get a Kindle? That you can shop Amazon from anywhere on a (debatably) sexy device that has an Amazon logo on it. Targeting early adopters and the people that already love you (and the venn between those two isn't 100% so you're not going to capture all of your loyalists nor all of your early adopters) is not a sustainable business model.
  • Plus, everyone wants to have a bookshelf at home where you can show off all of the books you (supposedly) read. A kindle sitting on the shelf doesn't really have the same effect. Moving on...

    Something else that's similar are GPS devices. With Droid having navigation integrated for free and iPhone possibly having this on the way (there's an app for that already, you just have to pay for it). So, in a few years when smart phones have even deeper market penetration than today, why would you ever buy an actual GPS?

    Good stuff, Stu!
  • But you can get software like Delicious Library, catalog your various media (electronic or physical), and post it on the web for all to see.
  • Ha, I've never seen that specific software. Problem solved...for your online friends.
  • I'm very much in the "multipurpose device" school, although I am willing to make sacrifices in openness in exchange for usability (c.f. iPhone). I don't own a TV or a DVD player, I run all my media through my computer (with livingroom display + audio). I don't have an organizer, notepad, PSP/DS, etc.; I have an iPhone.

    While the Kindle is nifty as a tech demonstrator (eInk), I agree that my other devices are "good enough" when it comes to reading on the screen.
  • Good post. It sure is hard to create lasting products in this globally competitive market. I like the new layout of TheLostJacket.
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