Why is competition good?
It means there is a market, people already spending money
We are forced to consistently improve and have an USP (unique selling point)
Competitors might enlarge the market
WeWorkRemotely and RemoteOK
Pieter Levels runs RemoteOK as a Company of One
Low costs, high margin
Automated as much as possible
@RemoteOK started aggregating remote jobs from other websites
Gumroad and Buy Me a Coffee
Buy Me a Coffee started as a platform to earn from supporters
Now, Buy Me a Coffee’s users can sell ebooks, videos, books. This is where they compete with Gumroad
Scott’s Cheap Flights and Jack’s Flight Club
Scott’s is focused on the US market
Jack’s decided to focus on the UK market
They compete in the same industry (flight tickets offers) but for different locations
ConvertKit and Mailchimp
Almost 1/10th of Mailchimp’s traffic
$1.43mm MRR
Headspace and Calm
Little different in visits to each website
Space in the market for both apps
Arvid Kahl@arvidkahl
If you’re not excited to compete in your niche, pick another one. Competition will happen, and you have to be comfortable to consistently innovate and evolve.
7:54 PM · Jul 24, 2020
8 Reposts · 124 Likes
How do you differentiate from your competitors? Would you be happy naming a few of them?
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