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Dominating a market.
how long will it last?
thecleaner




msg:3569106
 11:45 pm on Feb 7, 2008 (gmt 0)

Lets say you find an untapped niche market to sell to. You are now selling your OWN product and you are dominating this niche.

In your experience's How long will this last before you start getting tough competition?

 

Tourz




msg:3569839
 6:08 pm on Feb 8, 2008 (gmt 0)

Depends on how long you stay under the radar. If everyone can see you, expect stiff competition in two years.

thecleaner




msg:3569849
 6:21 pm on Feb 8, 2008 (gmt 0)

how do you stay under the radar?

Tourz




msg:3570296
 7:57 am on Feb 9, 2008 (gmt 0)

how do you stay under the radar?

I dunno -- don't step on anyone's toes by advertising in the same places. The more you shout about your product the more potential competitors will notice. The catch22 is that most often you need to get the info out there to gain customers.

People talking about how well they are doing is a sure way to gather new competitors fast.

Don't worry about it, just go for it while it lasts and try to diversify in case marketshare loss starts to become an issue.

cornwall




msg:3571273
 7:35 am on Feb 11, 2008 (gmt 0)

How long will this last before you start getting tough competition?

Depends on whether the market is growing. A fast growing market will inevitably attract competitors. A static market, and in all likelihood you will be left alone.

davewray




msg:3578560
 6:10 am on Feb 19, 2008 (gmt 0)

TheCleaner...Well, you have the undoubted advantage of being the first in said niche, so do it the best you possibly can and even if competition comes along it'll take them so long to catch up you may be good for years and years.

However, stay static and it's likely you'll be taken over in two years time I'd say.

As already said, if it's a booming industry/vertical then keep an eye on competition...if it's a relatively stable industry then you'll probably be ok.

tigermedia ca




msg:3582126
 4:00 pm on Feb 22, 2008 (gmt 0)

Success always attracts copycats... depends how easy your product is to knock-off.

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