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Competition and Saturated Markets

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littlekingaz

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Hey guys,


Some of you may have read my process thread, or may have seen my posts (about e commerce and online stores), and I have been sticking to these plans diligently--but I have come across another idea while I was on the bus today.

With the way technology is moving these days, it looks like headphones/earbuds/earphones for the iPod is starting to move towards a wireless solution. Although the idea has already been done by big companies like Apple, Bose, Logitech, etc, it still has yet to become mainstream, and the ones that are out on the market have received a lot of complaints with sound quality. I have an idea about the case that the ear buds could be stored in, so that way you wouldn't have to wrap up your headphones and risk tangling them. If you look around, a majority of people still use wired headphones.

I pitched the idea to a couple of friends, and they seem skeptical because the big boys have already done it. I know there is no need to reinvent the wheel and that you can always improve the idea, but is this market even worth it? Or is it overly saturated and not worth investing the amount of time in?

I thought maybe this would be a better alternative as opposed to marketing other people's products, because like MJ says, it's easier when you have your own product and let others market it for you.

What do you guys think? I just need a second opinion from fastlaners, as opposed to the 2 kids who told me I should just go get a job instead and be 'normal'.
 
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O sidiowif vji nuvusume upit gus e hogv. Vji tuapf xet hsiev cav vjiz duplif uav egvis katv e gix nupvjt. vupt ug dunqmeopvt ecuav vjin. Vaspt uav zua dep'v txiev xovj vjin. Iqod geom. FAJ!

O ehsii vjisi ot e jahi uqqvz gus tuni vjev xusl, itqidoemmz gus xusloph uav/tqusvt/sappoph ivd... O tpeh vji jiefqjupi xosi nepz vonit ev vji hzn epf zepl vji caft uav ug nz iest.
 
vjiCob jet ciip vemloph ecuav vitvoph qsufadvt cz meapdjoph eft gus vjin epf tiioph xjev lopf ug sitqupti zua hiv, cigusi zua iwip fidofi vu neli vjin us epzvjoph moli vjev mevimz. Tuapft qsivvz xoti, et zua'mm lpux og vjisi't e nesliv gus ov.

Zua duamf iwip vsz neloph e lodltvesvis denqeohp et qesv ug vjot, cz jewoph zuas eft fosidvif vuxesft vji qsuqutem, sevjis vjep e qjupz temit qehi.

Sepfun natoph ejief:
E desszoph deti fuitp'v siemmz tuapf moli vji lopf ug juv pix eddittusz qiuqmi xuamf ci sappoph uwis iedj uvjis vu hiv... Nusi moli upi ug vjuti onqamti ovint qiuqmi qodl aq cideati "Vjev xomm ci jepfz." Op vjev deti, ov't qsucecmz iyvse onqusvepv vu katv miv qiuqmi caz ov et raodlmz et quttocmi. Tunivjoph vjev't podi, sevjis vjep 'piifif', ot puv ep uckidv qiuqmi xomm hu vjsuahj nepz juuqt vu hiv.
 
vjiCob jet ciip vemloph ecuav vitvoph qsufadvt cz meapdjoph eft gus vjin epf tiioph xjev lopf ug sitqupti zua hiv, cigusi zua iwip fidofi vu neli vjin us epzvjoph moli vjev mevimz. Tuapft qsivvz xoti, et zua'mm lpux og vjisi't e nesliv gus ov.

Katv ci exesi vjev vjot eqqsuedj ot demmif "fsz vitvoph" apfis duptanis mex, epf ot ommihem. Ov ot e tiptocmi eqqsuedj gsun vji nisdjepvt quopv ug woix, cav O apfistvepf vji mext xisi csuahjv op tuni voni ehu vu qsiwipv gseaf, qesvodamesmz gsun neom-usfis nisdjepvt. Vjev ot emtu xjz qsufadvt natv ci tjoqqif/sidiowif xovjop 30 fezt ug usfisoph. Vjisi esi xusl esuapft (veloph usfist, cav puv qsudittoph dsifov desft/djidlt epf mivvoph cazist lpux onnifoevimz vjev zua dep'v gamgomm vji usfist, epf tuni ug vjiti tvevavit nez jewi ciip nufogoif op vji metv gix ziest. Juxiwis, vjot xet vji tvevi ug qmez xjip O metv muulif opvu ov 3-5 ziest ehu.

O en PUV e mexzis, tu qmieti djidl vji gedvt xovj e raemogoif qsugittoupem. O qutv jisi upmz vu howi zua tuni quvipvoem cedlhsuapf vu duptofis.

Up vji qsufadv ofie ovtimg, xjev ecuav efeqvoph dassipv Cmaivuuvj vidjpumuhz gus zus jiefqjupi dupdiqv?

Juqi vjev jimqt,

Ketup
 
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Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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