Why It Pays To Create Your Own Market

Posted by wdoutjah under Marketing
From http://www.herbertkikoy.info 4040 days ago
Made Hot by: techmedia on April 24, 2013 1:32 pm

Those who intend to join entrepreneurship may choose to be the one to create his own market or compete with the existing one. No one could exactly tell who can turn out successful in the endeavor with what one chooses to be. Both can fail and succeed regardless of whether there is an attempt to create a market or to consider the existing one

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Comments

Written by AngelBiz
4035 days ago

Excellent point and very true. If you look at wildly successful companies that have lion's share of market you can see that they invented the market and continued innovating to prevent new entrants from gaining ground. Google in Search advertising, Apple in iPod and iPad and so on. The key is to not to rest after you have created the market.

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Written by tiroberts
4036 days ago

I agree. If you can create your own market, go for it. You'll def come out better than competing with an existing market. Even if you can't create your own market, creating your own product to present to an existing market is the next best thing. Thanks for sharing your insights with us.

Ti

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