Answered step by step
Verified Expert Solution
Question
1 Approved Answer
* * Context * * App X main focus is to create webcomics of diverse genres for the US market. There are some competitors in
Context
App X main focus is to create webcomics of diverse genres for the US market. There are some competitors in the space like A B C etc. The POD Point of Differentiation of X is the speed of upload of episodes and reduced production cost because of our AI technology. The competition publishes or episodes per week but X publishes, one episode per day and the cost of production is th of the traditional production process.
Problem Statement
A is the biggest competitor in this space. What would be your strategy to acquire existing users of A and other competitors
Breakdown your strategy between organic growth and inorganic growth
What would be your strategy to acquire users who have never consumed webcomics to X thus resulting in increasing TAM Total Addressable Market
Breakdown your strategy between organic growth and inorganic growth
Some Context for Question Number :
The Japanese Comic market is billion dollars but the American Comic market is only billion dollars. The main reason behind this gap is the censorship of American comics in the s for years, which led to a reduction in the diversity of content. Most comics that exist in the US market are superhero comics or children's comics. There is no depth of genres and tropes in the comic industry of the US which limits the TAM.
There is a white space in the American comic market which X aims to fill by providing American content with diverse genres and tropes.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started