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Hah hah, yeah that really worked for Lycos and Excite being a web search engine site before Google. It also really worked for Friendster and Myspace being a soc
by orionblastar 14y ago
Hah hah, yeah that really worked for Lycos and Excite being a web search engine site before Google. It also really worked for Friendster and Myspace being a social network site before Facebook. It really worked great for Qualcom having a PalmOS based smart phone and RIM with the Blackberry smartphone and Microsoft's Windows CE smart phones before Apple's iPhone and Google's Android came out?
First mover advantage, sometimes you show the Johnny-come-latelys all the mistakes they can avoid, and how they can improve upon your product by examining your weaknesses and flaws because you rushed it to market.
If you are a first mover, consider having in your business plan what you do when the 'heavy hitters' decide to copy your product and do it better. They most likely will so plan on it. Do a total quality management on your product and improve on it every chance you get before the copycats do it better.