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Market Too Saturated - I Quit!

Discussion in 'General Mindset, Motivation, Beliefs' started by Almantas, Aug 12, 2017 at 4:16 PM.

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  1. Almantas
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    Almantas Silver Contributor Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Hi folks! I have written this thread for guys who have just started sniffing around entrepreneurship. Most of you old, wise men will already be familiar with my case study and its findings - don't blame me for your time wasted if you decide to proceed! Thanks for your time and enjoy the read!

    Guys, all business ideas are already taken and market is too saturated. Forget entrepreneurship, dust your suit and go back to call centre. Every idea is already taken by hundreds of guys.

    However, if you are not obsessed about ideas per se, leave your suit hanging and let's go for a walk...

    Today I was in an entrepreneurship meeting. There were roughly 50 guys sitting in a room discussing what ideas are going to make money, what ideas are taken and how to find an idea that hasn't been claimed by anyone. Someone mentioned execution few times, but nobody seemed to care. Most of them were obsessed about some new, interstellar business idea that can make them billionaires overnight.

    It didn't take long for moaning to begin. Bunch of guys jumped on the stage and started moaning that most ideas are already taken and no matter how many books you read or how much money you invest, you ain't gonna build a long-term sustainable business, because someone will smell your success and steal your idea and start price wars...

    I was expecting a hot discussion about execution anytime soon, but it didn't happen. Most of the guys were from prestigious schools, had admirable careers and seemed to be professionals, yet nobody stepped on the stage to enlighten the rest of guys about the importance of execution. Most of them were too busy blaming the world for ideas already taken and market saturation, because of XYZ.

    My point is that there's a gazillion of opportunities if you know how to improve something. There'll always be people who want cheaper, faster, brighter, louder, softer, quicker items. If you concentrate on process/product improvement, instead of simply hunting for a legendary idea nobody has yet heard of, there's tons of money to be made and opportunities to improve peoples' lives at the same time.

    As Grant Cardone said, "We're all obsessed. Make sure you're obsessed about the right things."
     
    Last edited: Aug 12, 2017 at 4:24 PM
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  2. ZF Lee
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    ZF Lee Silver Contributor Read The Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Pioneers get shot, and settlers get rich. Hehehehe.
    I am going to be harsh...but if this continues, don't go back there. Ever.:rofl::eek::inpain:

    Please don't tell me that THAT was what they spent the entire time doing!

    Makes me rethink the pros of even prestigious schools...
     
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    View: https://m.youtube.com/watch?v=hhBDfJY-xZw

    Found this video comparing small and big businesses in South Africa. Brilliant video.

    You may think that big businesses have the bigger advantage, but you may be surprised...both the small and big businesses ran on similar ideas.

    It's the execution....not the idea.
     
  4. TheRegalMachine
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    Well as the Macho Man once said "The cream...rises to the top!"
    It doesn't go "Oh there are already too many curdles up there."
    People who whine about ideas and over saturation are either lazy twats: ignorant to the input needed to gain exemplary output or unrealistic twats: lulled into the mindset that all successful businesses were built on unique one of a kind magical ideas.
    Of course no one stood up and spoke about execution. They're all dreamy eyed naive ****s who only see the events not the brutal battle ground of process.
    I think the one positive to having people like this is they're weeding themselves out.
    Someone else who is willing to put in the 100% and not feed into the BS of "muh idea." will rise to the top.
     
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  5. AgainstAllOdds
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    I agree 100% with your post, but not with your title.

    What it comes down to is need. To make money, you need to be filling a need, and sometimes that need is already filled.

    The definition of saturated is:

    [​IMG]

    If a market's truly saturated, then there's no room for another business to solve the need. The need is already solved. You can only solve a need 100%, not 101% or anything more.

    If you enter that market, then you're creating a "me too" business. That's not a business you should pursue. True, if your execution is amazing then you'll make a lot of money, but your effort and ability to execute would likely better be served in a different market.

    However, if you're solving actual needs, and providing actual value on top of the existing competition, then you should pursue.

    For example: You should not be a musician because the market for musicians is saturated. However, if you create a new musical experience that is interactive and people want to pay for, then you should pursue.

    And most of these guys don't sound like entrepreneurs but employees. Their mindset is fixed on being a cog in the wheel. If there's competition, then they can't be that cog.
     
  6. GMSI7D
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    we are still in philosophy mode here.

    "if that... then the world is better !!! ". if santa claus execute his idea, then he will be rich



    this " that" has not been found to sustain society on a global scale with happiness for everybody

    there are millions of poor people in the so called " richest country on earth ".


    on a local scale, some people sustain their life. on a global scale, society won't survive the next hundred years


    because this fundamental unknow " that" has not been solved for the future of society.


    i don't care about me becoming rich. i care about intelligence.

    i care about a global goal and quest in life where intelligent people have dignity in their life.



    no past or actual ideologies have brought this thing and i know why now after years of research
     
    Last edited: Aug 13, 2017 at 7:12 AM
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  7. Almantas
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    Almantas Silver Contributor Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    It was my first time attending this event, but I am pretty sure they are coming together to moan about competition and IDEAS. Maybe they have intellect, but not wisdom. I was somewhat surprised and amused by their attitude and discussion topics, lol.
     
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    What if the 100% solves a problem but ineffectively?
    What if the solution doesn't need 100% but less than that, but the current market doesn't realize it?
    A person can't realize this if they never try because they're afraid of being a "me too business" or that others are already doing it.
    In my opinion that's avoiding action out of fear or making mistakes. Folks following "The wise man learns from the mistakes of others." sometimes cheat themselves out of valuable lessons.
    The McDonald's brothers went into the "me too" restaurant business and it failed. All of the carhop restaurants were the same solution of easy ordering, cute girls delivering your meals on skates, and wide variety menus. 100% solving the problem of the new automobile culture of hungry American. But the system was broken, blotted, erroneous. After failing at their "me too" endeavor they learned at lot of what doesn't work and went back at it with a new system. Barebone: only burgers, fries, drinks/shakes. And it was a brilliant idea that with the introduction of Ray Kroc (after he pushed them to franchise, then had to take it away from them to make it flourish) became a billion dollar business today.
    Maybe it's not the best bet to go into a business that already has it's solution but you will never know if you might improve on the industry or completely change the landscape if you never try.
    That's just my two cents.
     
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    Then the problem isn't 100% solved.

    And they didn't go into a "me too" business. They invented fast food. Completely different need being filled.

    The need wasn't "Oh, there's too many items on the menu, I wish there was less..." (me too business).

    The need was "I wish I could get tasty food fast and cheap."

    If you open a fast food burger joint now, then you're most likely going to fail. You shouldn't start businesses that already have someone dominating vs businesses where the supply has yet to meet the demand.

    The only time you should start a me too business is if you're confident you can take enough market share at break even and sell it back to the big guy.