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Apart from market size, it's the taste of market and its condition is something that is helping these young entrepreneurs to earn huge profits. One thing that w
by nitin_flanker 11y ago
Apart from market size, it's the taste of market and its condition is something that is helping these young entrepreneurs to earn huge profits. One thing that we all know is that in the Silicon Valley or the USA, in particular or most of the market, in general, an entrepreneur with limited budget can get to know about the market taste, its wants, conditions, etc. This makes any firm to enter there easily and any product from any part of the world to dominate and disrupt. On the other hands, this is not possible in Chinese market. An American entrepreneur, for example, can't expand his services to Chinese market. Thus, competition is way more less there. Which means whatever consumers are getting, they are loving it, using it, and making the founder bag profits. This, however, is not that much easy in other market where consumers have multiple choices.