Don't Be the 'Next Big' Anything: 4 Tips for Creating Unique ValueCashing in on a fad is an alluring proposition, but creating a product that customers love has to go deeper.

ByQ Manning

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

Like a sitcom that claims to be the nextFriends, any move you make that sets high expectations is likely to lead to a letdown.

Related:Why the Investment Potential of the 'Internet of Things' May Be Overblown

The same goes for the hype behind the new entrepreneurism trend and theempty optimismof untested entrepreneurial consultants: Indeed, those people are sending more and more new companies crashing into the abyss.

Take, for example, the感知到的辉煌of the Internet of Things. Many companies have copied the success of Nest and Amazon Dash. However, hype dies quickly, and today's big fad will quickly change, causing a huge misallocation of resources and money.

The idea of cashing in on fads and excitement is alluring, but creating a product that customers love must go deeper than trending topics.

The perks of being a wallflower

Why would someone use your exact clone of Instagram or YikYak when folks can simply join all their friends and contacts on the original product? Trying to fit in with the cool kids makes your company invisible. Creating your own value and staying true to your goals is the only way to make a lasting impact.

Even if you put excess time into building a product inspired by a fad, you can't simply add one or two new features and call it done. If you do one thing differently from Instagram, what's to stop the big guys from adding that same feature and making you irrelevant yet again?

The history of the app market is littered with the corpses of apps that wanted to do the "one thing" a market leader didn't, only to be left in the dust with the leader's next update.

Creating a standout product

So what's the answer? Does everything need to be 100 percent original, with no inspiration from what's hot on the market? Of course not. Because, nothing is new under the sun, right? Here are a few ways to stop following trends -- and start leveraging them.

Related:Smart Startups Learn How to Create and Manage Hype

1. Survey the industry landscape.

Take a look at the market around you. What's working? What's failing? Get to know the landscape and practice predicting future movements. Over time, you will develop an innate sense of market expectations.

With this insight, you will have the upper hand to drive trends instead of blindly following along. Chatbots may be cool now, but Microsoft shot itself in the foot when its much-hyped bot Tay beganspewing racist garbage. Proper research and prep will help you avoid such major pitfalls.

2. Study problems, not solutions.

Don't fool yourself into thinking that apps like Instagram, Twitter or YikYak picked superfluous solutions devoid of real pain points. Look for problems that aren't being solved, and look for the simplest, most succinct way to solve that problem.

Focus onhow you solvethe problem -- rather than just creating a cool new toy. Instagram solved a problem for the visually inclined and created a community customers loved. It wasn't copying Facebook; it created a new landscape entirely.

3. Optimize for usefulness.

Be honest with yourself about whether your product is useful. Yes, you can make Instagram for dogs -- but is it an app that dog-lovers will feel the need to open every day? Your job is to build a destination product that people go to time and again.

Look atTheranos, the biomedical company that loomed large before a lawsuit left it mired in the muck. The Theranos team placed a higher priority on hype than on its product's actual viability, allowing a serious lawsuit to kill it before it ever hit the market.

When you find that spark of usefulness yourself, don'twaste your timecreating a fancy business plan or bloated PR pitch. Stick with documenting the most basic and essential elements of your business: the problem you're solving, the solution, the market and your goals. Then get to work.

4. Scratch an itch for a niche.

If you're going after a specific market segment, make sure that niche isn't already served by the market leader. Instagram for dog photos isn't really helpful when millions of people use Instagram to lookatphotos of dogs.

Find an interesting angle on the subject, whether conceptually or interface-wise. Tinder was like any other dating application but created a ground-breaking, simple interface that users loved.Never relyon a "unique brand" to set your product apart. That strategy takes years -- and millions of dollars -- to pan out.

Related:Don't Believe Your Own Hype. Instead, Watch for These 7 Indicators of Traction.

成为下一个史蒂夫•乔布斯(Steve Jobs)将是可怕的。谁doesn't look good in a black turtleneck? What's more, a world of Jobs-like leaders would be a sad world indeed. Stop cashing in on trends, and focus on bringing your unique skills, insight and solutions to the game. You can always go buy that black turtleneck later.

Q Manning

CEO, Rocksauce Studios

Q Manning is CEO of Rocksauce Studios, which crafts custom mobile apps for all platforms. Rocksauce Studios’ goal is to create an amazing user experience that can succeed in the marketplace when that experience is coupled with powerful, eye-catching app marketing.

Editor's Pick

Related Topics

领导

We Know Return to Office Mandates Backfire — So Why Are Tech Giants Like Amazon, IBM and Zoom Reinstating This Outdated Policy?

In a landscape where innovation is the ultimate currency, why are tech giants like Amazon, IBM and Zoom clinging to outdated mandates?

Business News

This Restaurant Will Charge You a Hefty $50 Fee If You Have One Too Many Mimosas

Kitchen Story in Oakland, California isn't playing around when it comes to bottomless brunch.

Marketing

This Powerful Marketing Strategy Will Help You Outshine Your Competitors and Make Your Brand More Memorable

Direct mail is stealing the show in the crowded marketing landscape. Here's why.

Business News

A United Airlines Passenger Was Overjoyed to be Upgraded to First Class — Then He Was Threatened to Be Put on a No-Fly List.

A traveler's journey went from serendipitous to unsettling when he requested a manicotti for the second leg of his trip, which was in economy seating.

Business News

Meta Is Paying the Celebrity Faces Behind Its AI Chatbots as Much as $5 Million for 6 Hours of Work, Report Says

One unnamed top creator was paid $5 million for six hours of work, according to The Information.