I'm in the process of starting a website and while doing my homework discovered that the idea for this website already exists. It's a nice little niche and the website I found seems to be relatively successful with 200,000+ members. My question to you is should this be a deterrent? On one hand it seems like a good sign because it proves that there ARE people out there who are interested. On the other hand, the preexisting site has a head start on me and I'd have to find some way to 'convert' their members. In my case, I'm a rookie, so in your opinions is overtaking a project with competition already in place a good place for someone to start or is this too much of an obstacle to overcome for a beginner? I do believe I have a catchier domain name than the aformentioned site and I also believe I could bring in a lot of traffic with some interesting marketing techniques I've thought of...but what do you think?
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