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biophase
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I'm know I'm late to the party but just a quick bit of personal experience on this.
I had a friend who I helped set up a website for at almost the exact same time I set up my website. I helped him get advertising running taught him how to add products the entire bit. The friend decided his niche just wasn't working out so he copied every product I had and started competing directly with me. To top it all off he was charging $10 less per item on every single product so he would take sales away from me. There was one thing that I did differently than him... I reinvested everything into adding more products, marketing, etc. He used his business to live on barely reinvesting anything. Fast forward to December 2016. I closed the year out grossing nearly 2 million in sales. He closed the year out going back to a job because his business had dwindled to almost nothing. Yes, reinvesting the profit back into the business is vital!
What an a**hole. I'm sure there was also a huge disparity in skills and intelligence that accounted for the success difference.
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