is a product worth if there is competition?

Competition isn't always bad if you can bring a better angle or offer its still worth testing the product
 
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If your product is not as professional as your competitors, you have to spend more money than them to be able to crush them.
 
The fact that there is a competitor means that the market already exists. The question is not whether to compete, but how you compete. If you can find a unique angle or a clear reason for customers to choose you, then go for it.
 
One competitor isn’t a bad thing — it could mean an opportunity. The real question is whether the demand and profit margins justify entering the market.
 
If the product is good and there is only 1 competitor, you should still test it . The important thing is that you are different in advertising angle, content or offer. The market is rarely completely empty, so sometimes 1-2 people competing is a good sign because it proves there is real demand.
 
slowrumors said:
I found a decent prod worth testing, but it already has 1 competitor, should I compete? it's not super niched down. so its not specific af to 1 angle
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Whatever it is, there must be competition to develop. So don't worry.
 
It is definitely worth it, to me the more the competition, the more you will appreciate it that is why most times you get to see more participate in the trading competitions like the one of onchain trading competition phase 63 and 64 where i have the opportunity to trade the likes of XPL, ASTER, TROLL, and at the end of the competition i get to share in huge maximum bgb reward, so you see that competition makes you value something.
 
What matters is how you position it - different angles, creatives, or targeting can make you stand out.
 
slowrumors said:
I found a decent prod worth testing, but it already has 1 competitor, should I compete? it's not super niched down. so its not specific af to 1 angle
Click to expand...
well, if your product is superior you will overcome your competition.

make sure your stuff is on par with the competition at least
 
slowrumors said:
I found a decent prod worth testing, but it already has 1 competitor, should I compete? it's not super niched down. so its not specific af to 1 angle
Click to expand...
If your product doesn't have many competitors, you should keep trying, the market still has a lot of potential for you.
 
If the niche isn’t oversaturated and you can offer a slightly different angle, better value, or improved marketing, it can still be worth testing.
 
In business, competition always goes hand in hand, this is inevitable. When you research a new product, to survive, you need to carefully research the product, competitors and do better than them.
 
slowrumors said:
I found a decent prod worth testing, but it already has 1 competitor, should I compete? it's not super niched down. so its not specific af to 1 angle
Click to expand...
There's money in the competition. You have to do your own research to be sure that it's worth it.
 
slowrumors said:
I found a decent prod worth testing, but it already has 1 competitor, should I compete? it's not super niched down. so its not specific af to 1 angle
Click to expand...
It's a niche with zero competition maybe. Yes, it’s still worth try.
 
If the product has demand, 1 competitor isn’t a problem sometimes it even proves the offer works. The key is testing with a fresh angle, better creatives, or a stronger funnel. Unless the niche is tiny, you can still carve out space if you differentiate.
 
Competition will make it more interesting and easier. Copy the good and right their wrongs
 
Competition means high demand. Instead of fearing it, take it as a sign to create a better offer, a more innovative advertising idea, or a clearer positioning message. As long as the market isn't too narrow, you can still try a variety of approaches to grab attention.
 
Not so big competition if you can make the product better or at a lower price. You should be worried if there no competition
 
Only with competition can there be growth. Just launch a small test campaign to see how the market reacts. If the product performs well, then scale it up
 
slowrumors said:
I found a decent prod worth testing, but it already has 1 competitor, should I compete? it's not super niched down. so its not specific af to 1 angle
Click to expand...
Competition isn't always bad. If there's demand and you can bring a better offer or unique angle, it can still be worth testing.
 
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