Back to feeds

If someone wants to start a business, but the idea already exists, how can they create an alternative and outcompete the existing one?

Abhay Pratap Singh

Stealth • 3d

Success in an existing business idea comes from differentiation. You can either improve efficiency, enhance customer experience, introduce a unique business model, or focus on an underserved market. The key is understanding what the existing solutions lack and providing a better alternative.

1 replies
Replies (1)

More like this

Recommendations from Medial

Image Description
Image Description

Raghav Srivastav

Stealth • 3d

If someone wants to start a business, but the idea already exists, how can they create an alternative and outcompete the existing one?

17 replies15 likes
4

Sahil Shaikh

Stealth • 10m

Most individuals should actively seek to enhance their existing practices by learning to operate more efficiently. Efficiency plays a crucial role and positively impacts our economy, whether we are working on a small or large scale. Strive for eff

See More
0 replies6 likes

Chamarti Sreekar

Stealth • 4m

Delhivery has partnered with Truecaller to enhance customer communication and safety by integrating Truecaller’s Verified Business Caller ID solution. This collaboration aims to reduce missed calls and improve transparency during interactions. Delhiv

See More
0 replies6 likes
Image Description

Shreyal Shah

Stealth • 18h

Is it better to buy a an existing business or start from scratch?

2 replies5 likes
Image Description

AKS

Stealth • 6m

I need an experienced business mentor to help improve my idea and turn it into a business.

1 replies6 likes

AKS

Stealth • 6m

I need an experienced business mentor to help improve my idea and turn it into a business.

0 replies4 likes
Image Description
Image Description

Aarihant Aaryan

Stealth • 3m

The winner of quick commerce, will be companies that launch independent apps for different categories. It's a bad idea, to introduce fashion in an existing app. Electronics, fashion, and groceries have to be different apps.

6 replies13 likes
1
Anonymous
Image Description
Image Description

Cab hailing startups could introduce a regular pickup and drop-off service for office goers, with fixed routes and schedules. This would eliminate the need for daily bookings, offering a more convenient and cost-effective solution for commuters.

See More
3 replies6 likes
Anonymous
Image Description
Image Description

Dear All, As the owner of a fuel station business, I am seeking suggestions on how to improve sales and enhance our marketing strategies. Your insights would be greatly appreciated. Thank you.

10 replies9 likes
1
Image Description
Image Description

bhardwaj Pankaj

Stealth • 2m

Project Report for Investment in Steel Supply Expansion 1. Executive Summary • Company Name: KRSKARA Steel • Authorized Person: Pankaj Rajbhar • Project Name: Expansion of Steel Supply Network • Investment Required: ₹1 crore • Purpose: To enhance dis

See More
2 replies5 likes

Download the medial app to read full posts, comements and news.