I'm in the process of starting a website and while doing my homework discovered that the idea for this website already exists. It's a nice little niche and the website I found seems to be relatively successful with 200,000+ members. My question to you is should this be a deterrent? On one hand it seems like a good sign because it proves that there ARE people out there who are interested. On the other hand, the preexisting site has a head start on me and I'd have to find some way to 'convert' their members. In my case, I'm a rookie, so in your opinions is overtaking a project with competition already in place a good place for someone to start or is this too much of an obstacle to overcome for a beginner? I do believe I have a catchier domain name than the aformentioned site and I also believe I could bring in a lot of traffic with some interesting marketing techniques I've thought of...but what do you think?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
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?
