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SBP 094: How To Start A Business In A Crowded Or Competitive Market

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Manage episode 329145292 series 2871315
Content provided by John-Paul Iwuoha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John-Paul Iwuoha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

99.99% of businesses sell a version of a product or service that already exists.

This means that if you plan to start a new business or launch a new product, you will likely be facing a crowded or competitive market.

Crowded markets can be a big advantage and a huge opportunity for newcomers. However, they also come with dangers and risks you need to watch out for.

In this episode of the Smallstarter Business Podcast, I explore the nature of crowded markets, their upsides, and their risks.

I also explore 5 specific strategies you can deploy to increase your chances of success when you enter a crowded or competitive market.

Happy learning!

  continue reading

101 episodes

Artwork
iconShare
 
Manage episode 329145292 series 2871315
Content provided by John-Paul Iwuoha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John-Paul Iwuoha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

99.99% of businesses sell a version of a product or service that already exists.

This means that if you plan to start a new business or launch a new product, you will likely be facing a crowded or competitive market.

Crowded markets can be a big advantage and a huge opportunity for newcomers. However, they also come with dangers and risks you need to watch out for.

In this episode of the Smallstarter Business Podcast, I explore the nature of crowded markets, their upsides, and their risks.

I also explore 5 specific strategies you can deploy to increase your chances of success when you enter a crowded or competitive market.

Happy learning!

  continue reading

101 episodes

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