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I usually get the idea from the comments on HN that competing on price alone just doesn't work. Do you think that's a myth or did you have special case at hand?
by patates 10y ago
I usually get the idea from the comments on HN that competing on price alone just doesn't work. Do you think that's a myth or did you have special case at hand?
- elorant 10y agoI guess that depends on the amount of competitors. If there are a lot of companies offering the same product then lowering prices wouldn’t do you any good long term. If on the other hand you’re competing against one or two, then you could easily drive them off the market. The latter worked in my case, I was only competing against one guy and like the OP I had a head start. I had the luxury of selling too cheap because I’ve already invested the time and money into building the product. He hadn’t.