There is only one problem when it comes to competition: can you make money without competition? If you have not figured out how you are going to do this, then

There is only one problem when it comes to competition: can you make money without competition? If you have not figured out how you are going to do this, then moneyed competitors will beat you. If you have figured it out, then my experience shows that you will continue to make money, even if the competition matches you feature-for-feature.