So I have an idea that I believe is really good, viable, and helps people. It is something I would use, and I believe many other people would be interested in using.
Of course, I dont want to say what that is, but it would save people $, and time.
Let's just say I create a website with this new feature to save money, and a big dog in the industry comes along and sees what I am doing. I cant see anything patent-able in the idea, so they could easily add the same feature to their website, and potentially crush me.
To start it will not be cheap. It will require building a fairly complex website, and a lot of marketing. But I can also see a very good upside to it, especially if I can scalp their customers. I think that would be possible as their fees seem very high. So once well established, I could perhaps undercut them even if they do, but if they acted before I was established. . . it might be lights out.
So my question is how much do you worry about putting your time/money into a business knowing they 1000lb gorilla could rip your arms off?
I have a smaller but related lead generation idea that I could do that would keep me under the radar, but also a much lower income potential, and probably more day-to-day work. If I create the right processes, though, maybe both would be options I could do simultaneously. This option would probably be much faster to implement though.
Any thoughts?
Thx!
Of course, I dont want to say what that is, but it would save people $, and time.
Let's just say I create a website with this new feature to save money, and a big dog in the industry comes along and sees what I am doing. I cant see anything patent-able in the idea, so they could easily add the same feature to their website, and potentially crush me.
To start it will not be cheap. It will require building a fairly complex website, and a lot of marketing. But I can also see a very good upside to it, especially if I can scalp their customers. I think that would be possible as their fees seem very high. So once well established, I could perhaps undercut them even if they do, but if they acted before I was established. . . it might be lights out.
So my question is how much do you worry about putting your time/money into a business knowing they 1000lb gorilla could rip your arms off?
I have a smaller but related lead generation idea that I could do that would keep me under the radar, but also a much lower income potential, and probably more day-to-day work. If I create the right processes, though, maybe both would be options I could do simultaneously. This option would probably be much faster to implement though.
Any thoughts?
Thx!
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