Goodevening all,
So I've gotten quite a setback. Just when I wanted to give the green light for the development of my SaaS idea, I suddenly found out about a company that already developed a solution which should solve exactly the same problem. Also with let's say 60% the additional features that I thought of.
I've already mailed some trustworthy testers who are experts in the field to hear their opinion on the competitor's service. Furthermore I will be interviewing them if there are features of value that would be improving the service.
There are some small differences in which my concept is better, but I am currently having doubts about abandoning it or get it over with and move it. However, my seemingly USP is part of the core of the competitor's service. So right now I am really disappointed in the situation and frustrated in how I missed this.
The competitor has set up the service in a way that it isn't fully fastlane, because of the long buying process instead of buying and setting it up in 5 minutes. And apparently their marketing isn't on point, because my testgroup with people from different backgrounds had never heard of it.
What would you recommend me to do? Abandon, start from scratch on a new idea? Or try to make some changes and adapt?
So I've gotten quite a setback. Just when I wanted to give the green light for the development of my SaaS idea, I suddenly found out about a company that already developed a solution which should solve exactly the same problem. Also with let's say 60% the additional features that I thought of.
I've already mailed some trustworthy testers who are experts in the field to hear their opinion on the competitor's service. Furthermore I will be interviewing them if there are features of value that would be improving the service.
There are some small differences in which my concept is better, but I am currently having doubts about abandoning it or get it over with and move it. However, my seemingly USP is part of the core of the competitor's service. So right now I am really disappointed in the situation and frustrated in how I missed this.
The competitor has set up the service in a way that it isn't fully fastlane, because of the long buying process instead of buying and setting it up in 5 minutes. And apparently their marketing isn't on point, because my testgroup with people from different backgrounds had never heard of it.
What would you recommend me to do? Abandon, start from scratch on a new idea? Or try to make some changes and adapt?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today