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Being afraid of a crowded market is one of those counter-intuitive mistakes most people make. It's much easier to find a niche within a crowded market than to
by sixQuarks 9y ago
Being afraid of a crowded market is one of those counter-intuitive mistakes most people make. It's much easier to find a niche within a crowded market than to try to build something within a small market.
I entered a huge market as a solo founder with no industry experience and now get about 1% of the traffic that the big players with thousands of employees get, and I make a very decent income from it.
- incendiary 9y agoCare to add a bit more detail about what market? I am curious
- samstave 9y ago+1
- ggg9990 9y agoWhy would he say? Zero chance of more customers and nonzero chance of more competitors.
- sixQuarks 9y agoAll I'll say is it's a huge consumer market, tons of competition, tons of consumers. When I told friends what market I was going into, their most common response was "but there's already huge players in that market, how can you compete?"
- ernsheong 9y agoTask/project management is one of them I suppose
- DanielLawhon 9y agoThis is a great point. A crowded market means there's lots of space for new entrants and that no one has quite figured out how to win the whole thing. Good opportunity to steal and borrow from the best currently in the market and try to consolidate.