If look at the process it looks something like this:
First concept
Concept gets changed for saleability
Concept gets adjusted for packaging
You research similar items that are offered by drop
shippers to see availability and to size up
what competitor sells
You readjust concept to compete with competitors
offering better features and marketing
You build steps to creating the system for
manufacturing the product.
You may not take all these steps exactly, but the excercise is to show you how to get into the mindset of building or creating a better widget. Using competition is like getting a leg up on them. You can analyze weaknesses and use them to your advantage. If you are entering a market where a lot of sellers sell the same thing, bringing something fresh will help the entire market sector and stimulate demand all on its own.
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