Competitors Are Not Bad!

Golden information about competitors for sole entrepreneurship!

When I first started in the industry, I thought I should never have competitors. If every idea I came up with had already been thought of before, I would abandon it. But today I see that this is not the case. No! In some areas, ideas can be very powerful.

First of all, competition is good because it increases the number of customers. If you’ve noticed, there are other soda vending machines next to soda vending machines. Likewise, there are other hamburger joints next to every hamburger joint. Jewelers deliberately open shops next to each other. If a customer doesn’t like something, they can go to another one.

Let’s also look at the process from the opposite angle.

Let’s say you’re the first person in the world to come up with an idea. No one else has thought of it before. This can be very risky. The first thing I would ask is, “How much money do you have?” Because in an uncompetitive environment, you build the market, and people don’t easily give up their habits.

That’s why having other competitors in the market puts your mind at ease when developing your ideas. Especially if you’re new to this sector.

Listen carefully. In the blue ocean, the blue ocean will drown you (two blue oceans intertwined). Water won’t drown you. Loneliness will drown you. But in the red ocean, you truly drown in the water (only the red ocean). What you seek should be the blue ocean within the red ocean (a blue ocean within the red ocean). That is the path leading to the golden steps.

Ugur KILCI said it, you say. 😉😏

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