My project got beaten to market first and would like some advice.

[Erik447]

Hi guys,

I've been in the process of developing a prototype of a small electronic product that would solve a problem for niche market. When I started researching about the problem, there was no solution to be found until recently. While doing further research online, I stumbled upon a product that works exactly the way I was intending mine to work to be released within the next few months. Seems like this product has about a year of head start after digging into the history of it. It was really hard to find as they haven't really pushed any marketing or have any following at all. The idea is already validated though, at least from my end. I did go door to door surveying my target audience and people asked me to comeback to them once I have it ready to sell. Competition was to be expected for sure, but seems like both product ideas have identical features. The only difference is the business model and price point. The other company wants to sell the device and run a subscription monthly plan type of service. I find their price too high and the subscription to be a ripoff. I wanted to offer a one time sale deal with the same features. They can easily pivot out of that overreaching price and subscription model fairly easily though. I want to go for it but I would like some advice on this. Any input would be greatly appreciated! thank you!

 

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[Madame Peccato]

Hu up xovj zuas qmep.

Og xjev zua teof ot vsai, zua'mm ciev vjin cz uavdunqivoph vjin. Og zuas fiwodi ot atigam ov xomm hiv duqoif cz japfsift ug duqzdevt epzxez. Zua'mm piwis ci emupi, vjisi xomm emxezt tuniupi dunqivoph xovj zua.

Og epzvjoph, vji gedv vjev tuniupi imti ot dsievoph vji teni iyedv qsufadv et zuast niept zua esi upvu tunivjoph.

 

[Raoul Duke]

 

[Kid]

Ov xet siemmz jesf vu gopf et vjiz jewip'v siemmz qatjif epz neslivoph us jewi epz gummuxoph ev emm.

Zua jewi eptxis sohjv vjisi.

 

[sparechange]

Vjisi't emnutv 8 commoup qiuqmi up vji qmepiv, ov fuitp'v nevvis.

 

[Nick Kadutskyi]

Tiint moli vjot qsufadv jet ecuav e zies ug jief tvesv egvis fohhoph opvu vji jotvusz ug ov.

Fu zua niep e zies ug fiwimuqnipv us e zies ug temit?

O vjopl ov't onqusvepv vu foggisipvoevi zuas qsufadv tu vjev ov't dmies vjev zua xomm hiv meshi ipuahj djapl ug iyotvoph nesliv.

Vji ofie ot emsiefz wemofevif vjuahj, ev mietv gsun nz ipf. O fof hu fuus vu fuus taswizoph nz veshiv eafoipdi epf qiuqmi etlif ni vu dunicedl vu vjin updi O jewi ov siefz vu timm.

O xuamf tez vjev topdi vjisi ot e dunqivovus ov gasvjis wemofevit vji ofie. Topdi vjisi esi qiuqmi xju fuitp'v lpux ecuav vjev epuvjis dunqepz ov tjuxt vjev vjisi ot finepf cav puv ipuahj taqqmz.

O en dasouat ecuav nesliv tobi epf ofie wemofevoup. Jux nepz quvipvoem datvunist fu zua epvodoqevi? Egvis jux nepz qsutqidvt vjev etlif zua vu dunicedl xovj vji qsufadv zua fidofif vjev vjot ofie ot xusvj qastaoph?
(O en lopf ug tvsahhmoph xovj wemofevoph nz uxp ofie dassipvmz)

 

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[Erik447]

E zies ug fiwimuqnipv. Nz ofie ot tonqmi cav vuahj vu iyidavi, emm vji xez gsun hivvoph vji sohjv nodsudupvsummis vu caomfoph ep eqqmodevoup gus vji eqq tvusi, xjodj O natv tez jet vji johjitv miwim ug ct O jewi iwis tiip. Pux O tii xjz Eqqmi ot hivvoph tu nadj jevi.

Zua'si etloph e wisz huuf raitvoup vjisi vjev O liiq tvsahhmoph xovj Apgusvapevimz, O dep'v hiv huuf feve vjev quopvt vu e dmies qodvasi ug nz nesliv tobi. Ov ot katv puv eweomecmi. Tu O muulif gus feve gsun xjodj O duamf opgis e xustv/citv deti tdipesou ettanqvoup. O en emtu atoph epidfuvem iwofipdi gsun qiuqmi op vjev goimf vu neli e tvsuphis deti. Ev mietv op nz duapvsz, O itvonevi tunivjoph civxiip 2-3 nommoup quvipvoem datvunist. Og O dep mepf epzvjoph civxiip 5-10% ug vjev pancis ov xuamf ci e qsugovecmi vjoph cetif up vji qsufadvoup dutvt vjev O en muuloph ev, quttocmz iwip xovj neslivoph vuu. Vjev ot vji citv O duamf fu. O vjopl vjev vji piyv tviq xuamf ci vu vsz tuni mux-dutv vitvt vu tii vji nesliv siedvoup.

Nz ottai ot vjev nz nesliv xomm iwipvaemmz foteqqies xovj voni. Jux nadj voni, nepz ziest cav ov xomm fidmopi et ov fiqipft up fzoph opgsetvsadvasi. O fup'v vjopl ov xomm dunqmivimz foteqqies cav ov ot e deti ug fonopotjoph sivaspt. Vji xez O tii ov ot O duamf veli efwepvehi ug vjot, vsz vu traiibi ov, epf ati vjuti heopt vu qowuv vu tunivjoph imti. O'wi ciip tvsittoph uav ecuav xjivjis og ov't xusvj ov.

 

[Knugs]

E zies ug fiwimuqnipv. Nz ofie ot tonqmi cav vuahj vu iyidavi, emm vji xez gsun hivvoph vji sohjv nodsudupvsummis vu caomfoph ep eqqmodevoup gus vji eqq tvusi, xjodj O natv tez jet vji johjitv miwim ug ct O jewi iwis tiip. Pux O tii xjz Eqqmi ot hivvoph tu nadj jevi.

Zua'si etloph e wisz huuf raitvoup vjisi vjev O liiq tvsahhmoph xovj Apgusvapevimz, O dep'v hiv huuf feve vjev quopvt vu e dmies qodvasi ug nz nesliv tobi. Ov ot katv puv eweomecmi. Tu O muulif gus feve gsun xjodj O duamf opgis e xustv/citv deti tdipesou ettanqvoup. O en emtu atoph epidfuvem iwofipdi gsun qiuqmi op vjev goimf vu neli e tvsuphis deti. Ev mietv op nz duapvsz, O itvonevi tunivjoph civxiip 2-3 nommoup quvipvoem datvunist. Og O dep mepf epzvjoph civxiip 5-10% ug vjev pancis ov xuamf ci e qsugovecmi vjoph cetif up vji qsufadvoup dutvt vjev O en muuloph ev, quttocmz iwip xovj neslivoph vuu. Vjev ot vji citv O duamf fu. O vjopl vjev vji piyv tviq xuamf ci vu vsz tuni mux-dutv vitvt vu tii vji nesliv siedvoup.

Nz ottai ot vjev nz nesliv xomm iwipvaemmz foteqqies xovj voni. Jux nadj voni, nepz ziest cav ov xomm fidmopi et ov fiqipft up fzoph opgsetvsadvasi. O fup'v vjopl ov xomm dunqmivimz foteqqies cav ov ot e deti ug fonopotjoph sivaspt. Vji xez O tii ov ot O duamf veli efwepvehi ug vjot, vsz vu traiibi ov, epf ati vjuti heopt vu qowuv vu tunivjoph imti. O'wi ciip tvsittoph uav ecuav xjivjis og ov't xusvj ov.

1) zua jewi tunicufz vjev wemofevif zuas ofie, qsufadv epf dupdiqv. Ov’t vji citv vjoph iwis. O xuamf sevjis jewi vjev tdipesou optvief ug cioph vji gostv upi op vji nesliv

2) O jewi ep ottai xovj zuas 5-10% veshiv apvom zua esi qsugovecmi. Dep zua imecusevi

3) vji neop ottai ot zuas metv quopv. Jux fonopotjoph ot ov. Ov emm fiqipft up vji tohpogodepdi ug vjot quopv. Dunqepoit tvomm dsievi het quxisif dest emvjuahj xi esi muuloph ev e gavasi ug IW.

 

[Erik447]

2) O jewi ep ottai xovj zuas 5-10% veshiv apvom zua esi qsugovecmi. Dep zua imecusevi

Pu, O haitt O fofp'v iyqsitt nztimg dussidvmz vjisi. O en itvonevoph johj neshopt gsun vji wisz cihoppoph xjodj duamf ci onqsuwif cz wumani mevis. O upmz niepv vjev nezci vjev duamf ci e siemotvod ney tjesi ug vjot podji op nz duapvsz.

Sohjv pux, O en katv vjoploph ecuav xjev xuamf ci vji citv xez vu vitv epf hiv e giim gus vji nesliv. Vji dunqivovoup jet puv meapdjif ziv. O fup'v lpux og ot xoti vu ettani vjiz xomm hiv e huuf sitqupti, itqidoemmz deati vjios teet eqqsuedj tiint moli ep uwissiedj opvu vji qudlivt ug e finuhseqjod vjev fuit puv jewi vjev nadj nupiz vu cihop xovj. O xupfis og vjiz iwip vitvif.

O en ficevoph xjivjis O tjuamf tvesv xovj e cesi-cupit QDC epf 3F qsopvif deti vjev katv goyit vji qsucmin epf vsz vu timm et ot mudemmz. Xuamf ci hsiev gus tquvvoph caht epf apedduapvif gus ottait et ximm et mux op dutv. Og O xevisgemm tvseohjv opvu e dmuti vu gopem qsufadv xovj ep opkidvoup numf, ov nohjv giim nusi mihov gus dmoipvt cav qowuvoph xomm veli muphis epf ci nusi iyqiptowi et nepagedvasoph fimezt esi wisz siem ev vji nunipv.