You came up with an idea but that idea is already in the market, will you get discouraged?
Shubham Pratap Singh
3 replies
I believe having a competitor already is a good sign that your idea is validated, and there are users in need of this product.
Now you have to innovate more to be different from your competitors.
What's your view?
Replies
George Aleesu@rhexai
Of course, you're right. Technology continues evolving with time, and though organizations invest ton of resources to determine new trends in their industry, there would always be new and/or other organizations who find different ways to present same offering. This alone should be a salient confirmation of product/market fit. But then, when you continuously learn and apply the principles of blitzscaling, you're definitely ahead of the competition, trust me! :)
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I think you need to look towards the Why should people buy your product instead of your competitors? Finding the differentiator and segment for your product is a great starting point for a proper validation.