Thread: How many can there be?

I agree completely. And just to think, the "big guys" were once #30, #100, #4000. You have to start somewhere. These new top companies didn't start at the top. It doesn't take much to differentiate yourself! They just had a fire under their asses... worked and worked until they hit the pinnacle.

Originally Posted by theBiz

I see many people always complaining that there is too much competition, too much to compete, enough where it stops people from perusing their businesses.. Its really is strange to me why people worry so much about others and competition.

1st thing, competition is good, means there is some reason companies are doing it.

2nd thing, watch what they are doing and formulate a strategy around it.

3rd thing, many competitors that were funded 10 mil with equity diluting to 5%.... its not that impressive, anymore, dont worry about them worry about yourself.

And Lastly, many companies are making money doing the same thing as their competitors, and you've never heard of them.



For instance i have a friend with a dating website. The site makes hundreds of thousands per year, it looks like crap, works like crap, it is crap. Does he cry about match.com and christianmate? No, he just deals with it.


What do you do if competition is harsh and you can not compete in the high stakes of PPC or Television etc? Well find other niche channels to market your product where your competitors will not be in the beginning. My friend uses many affiliates to market his product, he has no competitors when others are sending him direct traffic.

Once you make alittle bit of money and keep getting your product better, then you can go up against the big guys. But please, people need to stop focusing on competitors out there, there are probably 500 construction companies in a town of 10,000.... 1 guy can do it cheaper than the other 9,999 and maybe better yet the other 9,999 are still in business. Even networking businesses, there are many social networks making millions that you have never heard of. I honestly believe the internet is similar. You do not have to be #1. If there are companies selling for hundreds of millions or billions that are #1 is it so bad being #20 or #10...?

It's nice to be #1 but if #10 or 20 gives me the ability to do what i want when I want then I will know I made it to the fastlane

This being my first post i just had to comment,

I think the never give up attitude is good, but we're forgetting what mj taught us which is the 5 commandments- N.E.C.S.T

what's your product or service? Does it agree with any or all the 5 commandments?

It's great to be the only one in the industry but what if you can't scale your product or service? than your stuck with just a job

Isn't that why we are here? to be on the fastlane?

I agree completely. And just to think, the "big guys" were once #30, #100, #4000. You have to start somewhere. These new top companies didn't start at the top. It doesn't take much to differentiate yourself! They just had a fire under their asses... worked and worked until they hit the pinnacle.

I couldent agree more.

It doesn't take much to differentiate yourself

I think that really is the key. Yes we do the same thing but i put a spin on it and 40% of the market likes my spin and the other 60 doesnt. Especially for online businesses you need to understand obviously you cant compete or it wil be extremely hard to compete with a competitor that got funded 10 million. First off that doesnt even mean they will make money. Those fail all the time people, these guys that try to swoop in and do things cheaper or free just to gain "critical mass" often forget a few things in the business plan or overall projection... how will we generate revenue?

If you can afford to play that game with someone elses money and it hits... thats great, but not everyone should aim for that goal.



Perfect example.... MJ has about 11k likes for this website right now.. i remember when there was almost no one here. Image how he felt with this site and a few members, then he would see other forums like richdad etc and see they were loaded with people, it didnt stop him, now look. There are so many websites like like this yet your here... why are you here and not there? MJ put his own spin on a forum, saw the pain going on else where... the false info and bull so he started his own and stood by his word. Also it took MJ years to get this site to this point but everyone thinks things happen in a flash, some are faster than others but regardless it takes hard work and i remember MJ was on here ALL the time in the beginning. Im only using MJ because im trying to use an example that everyone here can relate to.

I Google and usually if there is one or more people in that business I think to myself there is way to much competition, and move on.

I always try to reinvent the wheel.

Jack i would almost think that is backwards. Can you give an example of one business to start that you would but know you wont?

It seems most successful people tell you attack the popular markets, i mean who wants to convince people to try a new product.. that costs alot of money and is prone to failure. Also who wants to have the learning curve of marketing a new product/ trial and error process?

Again id love to hear one example.

Originally Posted by theBiz

Jack i would almost think that is backwards.

I think it's called sarcasm.

Originally Posted by theBiz

Jack i would almost think that is backwards. Can you give an example of one business to start that you would but know you wont?

It seems most successful people tell you attack the popular markets, i mean who wants to convince people to try a new product.. that costs alot of money and is prone to failure. Also who wants to have the learning curve of marketing a new product/ trial and error process?

Again id love to hear one example.

That was my try at a joke.. I say go after old boring markets.. That is the easiest way to make money. If most of the competition have been in the biz for 20 or 30 years. Then its good.

Well i guess that makes sense. Old companies may be stuck in there ways and happy with their current operation not willing to change. Along with old industries usually comes big barriers to entry which im sure you dont mind considering you have the capital. On one level though sometimes ROI wise it does not make sense. Sometimes companies own assets that take a long time to pay off. Considering they purchased them 20 years ago at such a price reduction, if you were to match their assets it would not make sense for you to compete ROI wise.

Lets say your competition has a piece of real estate worth 10 million they operate on, a concrete mixing business. There grandfather bought it 20 years ago for $400,000. I understand all things relevant but at this point its paid off and only paying taxes.

Lets say they are making 1 million per year.

Now you go to purchase the property and you need 10 million for the property alone in order to compete, 2 million in equipment your up to 12 million to make 1 million next year, that's less than 10% ROI... worth it?

I know you think about business different, i believe your more into the distribution side which has lower barriers to entry and more about strategy/sales but considering how much barriers to entry have lowered considering online trade how you are even successful in that field right now is beyond me.

I would like to add a quote to the thread which i read yesterday which i really liked:

“Don’t ever let anyone tell you that something is too competitive. Once you subtract the people who don’t work very hard, or the people who aren’t as good as you, your competition shrinks dramatically.” Maggie Mason, founder of Mighty Goods

I think that this i very true! If you are also able to differ from the competition in a positve way you are on your way to riches