.st0{fill:#FFFFFF;}

Reply To: Should You Consider the Competition When Starting a New Business? 

 

By  Matthew King

Reading time:

minutes

Share this

Remaining reading time:

minutes

#5022
Avatar of Matthew KingMatthew King
Keymaster
  • Total Post: 171
Points: 2,216
Business Consultant 1

In the two business arenas I choose to carve a niche in I honestly had an vastly different competition amounts. In the 1st business, there were already larger types of of the same business but I wanted to offer a special niche on what was already out there. For that we measured our idea and it was similar enough to what was already laid out as a service but just different enough to entice a new type of customer! For the 2nd business, it was retail matched with veteran support, while there are a few out that do this the demand honestly wasn’t high enough now that I look back at it. I also didn’t have the support I had with the first business or even my third business. I learned a lot during this and ended up closing the second one due to debt and just not being an effective business model. However, about six months later that enabled me to launch my 3rd and final business at a much more researched rate, competition is honestly everywhere, but each with their own unique twist so it again allowed me to fit in with my own niche of customers. Another standing matter is the need for coders, designers, developers, and business help is always growing!

Join & Connect

Link up with others just like you.

Loved this? Spread the word


Related posts

Reply To: Hi world Melvin here!!!

Read More

Reply To: hi everyone

Read More

Reply To: Hello Everyone

Read More

Reply To: hello world!

Read More
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
>