Beauty is Truth
- Jan 1, 2015
Problem isn't the competitors. Problem is you don't take action.
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Maybe you can launch a MVP and see what kind of feedback you get before going all in?
So i finally found my opportunity to serve a need. It literally screams in my face to be fulfilled. It perfectly fills all CENTS Business Commandments. Almost. I found a competitor afterwards who does kind of the same. I just see huge flaws and opportunities for improvement. Now comes my question. The barrier of entry is somewhat low so i have some questions to people who stuck to the same problem on how to deal with it.
I need to find out if its already patented. And see if my changes would comply with the law. (I guess thats where a lawyer will be needed).
But my concern still stands. Lets say i manage to research, create and publish my online-business (subscription/revenue-sharing). And most importantly market it aggressively, correctly and successfully. Lets pretend its now making a decent revenue and the future looks bright. What is keeping the multi-billion corporations away from simply creating an imitation and take advantage of their throwaway millions (pennies for them).
My only chance would be to establish dominance early in the market and build my own brand. Im pretty sure my model is not patentable because of one: it doesn't comply with patent requirements. and two: it already exist (even if not exactly as mine).
I guess that's the challenge. Be good. Be better. Be faster. Be smarter. All of these could be accelerated with money. Which i don't currently have. And making it would cost me more valuable time. It really feels like this journey is predestined to fail. But only because i dont have enough experience and somewhat don't know what to do.
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