In an increasingly digital world, products and services are constantly evolving. As technology intertwines with every nook and cranny of the real world, some businesses change and adapt till they may perhaps even become unrecognizable to traditionalists. Retail services are a great example of how digital disruption can change the landscape of businesses in a few quick decades. Giants such as Walmart and Sears are struggling to keep up in a space dominated by Amazon.
The real challenge is in identifying key pain points in a sector and coming up with innovative solutions that challenge or upend the status quo. The aim is to move fast and to have a product that fits the needs of the market as soon as possible. The early mover advantage has proven to be the kingmaker in many industries. Any delay in being the first out the door with a working solution can mean the difference between barely surviving and thriving. Being the first to market lets a company set an example for the quality of service. It becomes the barometer with which to judge all future entries in the space.
The key obstacle in the way of being the early mover is having a solid approach to solving the problem. Though companies are aware of the problem that needs to be solved, precious time is wasted in trying and failing at different approaches to solving the core problem. Customer feedback can prove to be very effective in speeding up this process. A company can benefit from using an agile approach to solving the problem even if it means accepting that sometimes the direction will need a course correction.
The EarlyBirds Marketplace is a Business to Business (B2B) marketplace for Innovators and Innovations (startups, scaleups, and mature companies) and Early Adopters (private and public sector organisations), and Subject matter Expert (SME) consultants to exchange value early on.
The EarlyBirds Marketplace is the most efficient way for each of the three pillars of the marketplace - Innovators, Early Adopters and SMEs - to connect, collaborate and share value in an open ecosystem. Early Adopters are able to search and buy innovations based on their industry business functions, business outcomes Early Adopters are also able to list Challenges in the marketplace to request potential solutions from Innovators. The marketplace provides escrow capability to reduce the risk for both sides as well as the capability to provide feedback.
The EarlyBirds offerings include self-service platform subscriptions and SME-assisted innovation program.There are 4 tiers for the self-service subscriptions - basic, entrepreneur, explorer, and enterprise.
The SME assisted program has two tiers - Explorer and Challenger.
EarlyBirds encourages all businesses that are looking for innovative solutions or needing assistance with their innovation programs to register for its services at https://earlybirds.io/ or contact them to discuss your needs.