Reddit Reacts EP 8: Dealing with Competitors as a Founder
Автор: Dr. Miles Aron
Загружено: 2024-03-17
Просмотров: 31
Today, we're diving into a Reddit post that hits close to home for many entrepreneurs—dealing with the gut punch of finding out someone else is already running with your million-dollar idea.
In this reaction video, we explore a Reddit post by user special_abrocoma4641, who shares their struggle with stumbling upon existing solutions to their ideas.
🔍 Key Takeaways:
Ideas Are Not Everything: It's not about having a completely original idea; it's about execution.
Google Around, But Watch Your Vocabulary: Sometimes, it's not the lack of competitors, but the use of different terms in the industry that makes it seem like your idea is unique.
Competitors Can Be Your Best Teachers: Rather than being discouraged, competitors offer valuable insights into market research, strategies, and customer personas.
Disruption vs. Luxury Service: Learn when to disrupt an overserved segment or provide a luxury experience for an underserved one. Understanding your customer is key!
Ever been in a similar spot? Share your stories in the comments. Let's keep it real and learn from each other.
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