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Your ideas for discovering competitors are generally a nice standard way of identifying some of your competition. However, it completely depends on the niche/t
by itsprofitbaron 14y ago
Your ideas for discovering competitors are generally a nice standard way of identifying some of your competition.
However, it completely depends on the niche/topic - if you're building a Mobile App its completely different to if you're building E-Commerce Store etc.
Secondly, I believe that whilst there is some case to execute the idea better than your competition it’s actually more important to distribute much better than them.
I mean... does it really matter to know what they're doing?
There are 7 Billion people on Earth... you should assume at least 50 people are working on your idea.
You should be focusing on ensuring your distribution is the best it can be (I mean sure, there are advantages for using some competitor analysis especially if you're trying to take advantage of SEO etc)
The more you're focusing on your competition the less focus you're spending on your product & distribution and the less likely you’re going to fully exploit and maximize the opportunity.
- badassdon 14y agoI second itsprofitbaron's suggestion that a focus on product is definitely the path you want to take. Don't let competition deter you from an opportunity you believe is there. However, you should at least take the time to play around with what your competitors have to see what they're missing and get inspiration on what you can do to make a better product.