this post was submitted on 13 Nov 2023
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There is no such thing as competition. (Aside from commodities). I started a towel company several years ago. Sold the towels for $50/piece. I was always told, "Why would you start that if I can go to Walmart and get a towel for $4). Sold the company for millions. Its not about competition. I was not a towel company, I was a marketing company. As long as you pick a product that can be brandable, explain its benefits in a compelling way, and market it, it will sell. Starting a successful company is 90% marketing. Story telling. Branding. Advertising.