marvin_etc
PARKED
User Power
Value/Post Ratio
0% - New User
- Mar 18, 2011
- 6
- 0
Change your mindset first.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.How do I find a business with little or no competition?
I'm looking to find a niche I can dominate.
Any suggestions?
This is the book I've read that was most relevant to this topic: Blue Ocean Strategy
The basic premise is that you can in fact try to create uncontested market space.
No competetition means no proven demand. Nobody knows to look for you.
If any of it is online then it automatically is in a competitive market (getting attention is hard)
Starting from square one means you likely only have a basic understanding of any industry. How would you understand an industry enough to know what products or services would be a good idea compared to someone who’s been in the same industry for years?
So, instead of doing something with NO competition...
Catch a trend early.
Get into an industry and learn about it, watch where things are going and make a move.
Do things better. Take a new approach to a common problem. Update an archaic system. Streamline a process using fast lane principals.
Needing to be the only person in an industry usually just means you’re afraid of competition because you’re sure you can’t go against someone else. That, or you think being the only one will mean you’ll make millions overnight. Usually it’s a short sighted mindset that says “I need a business with no competition”.
Join Fastlane Insiders.