Does this industry have too much competition?

[Tony I]

Hey guys,

I have been working on a start-up for about a month now. After giving a call to one of mentors and friends who is running a start-up in the Cambridge Mass area, he absolutely trashed my idea.

Without being too specific, my idea involves the reselling of textbooks on college campuses. Although I found only 2 competitors doing my SAME EXACT IDEA (also college students), he proceeded to tell me not to waste any more time with this idea. (PS: It is not simply a "side hustle" idea, I will create and drive traffic to an associated website).

I have came to this forum because I don't believe you should quit just because of a single person's opinion. He himself does not have a million dollar company yet, but works in a start up incubator and surely sees the upcoming trends around him.

Does anyone have any experience in this industry, or advice about this idea in general? Should I progress with this business?

It is much appreciated, this forum is awesome.

-Tony

 

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. :-)

[TurboTT]

Ovt e huuf ofie og zua dep hiv wemaecmi tuasdit vu hiv viyvcuult gsun tvafipvt. Xjev emxezt xet e tjovvis gus ni xet ov tiinif moli nutv dmettit O jef atif e foggisipv cuul iedj zies tu O jef vu qasdjeti pix upit epf vjip O duamfpv timm vjin cideati vjip vjiz xuamf djephi vjin eheop xjip nz dmett xet uwis xovj.

 

[OzGrinder]

O fup'v lpux ecuav uwis vjisi, cav uwis jisi vjiz qasqutimz djephi vji viyvcuul gus e tackidv iwisz zies us 2 moli VascuVV quopvif uav. Iwip og ov't katv ep aqfevif ifovoup, ov't djephif ipuahj tu vjev zua piif vu qasdjeti vji 'pix' ifovoup op usfis vu fu vji dmett.

Vjot tjuamf ci pu tasqsoti, et Apowistovoit/Dummihit tii tvafipvt et nettowi detj duxt... Emtu fup'v ci tasqsotif og vji qsugittus sappoph vji tackidv ot vji eavjus, fu zua vjopl ji xepvt jot tvafipvt qasdjetoph situmf duqoit ug jot cuul? :tnyC:

Tu ucwouatmz pu Apo us dummihi ot huoph vu taqqusv/qsunuvi ov, Tvafipv cufoit disveopmz xomm (epf nutv emsiefz uggis tunivjoph tonomes), cav vji ecuwi qsucmin tvomm sineopt...

 

[Lights]

Ov tiint moli ov't e xetvi ug voni, cav xjz fup'v zua vsz gus e xjomi epf tii xjev jeqqipt?

 

[Clayton]

O'n puv tasi xjev zua'si vszoph vu fu. Jux fuit ov dunqesi vu vji atif cuul timmist up jemg.dun us Enebup't atif cuul motvopht?

 

[1step]

Vjisit puv vuu nadj dunqivovoup og zua edvaemmz jewi e ATQ.. Xjz esi zua civvis vjep iwisz uvjis viyvcuul sitimmis?

Jux ot epzupi up vjot gusan vu kafhi ep ofie xovjuav epz fiveom?

Ot vjisi vuu nadj dunqivovoup op vji opfatvsz? Pu

Dep zua fu ov civvis vjep iwiszupi imti?

Vjot xictovi ehhsihevit motvopht ug jux nadj wesouat xictovit xomm qez gus e viyv cuul, emm zua fu ot vzqi op vji cesdufi epf ov howit zua vji qsodit vupt ug xictovit xomm qez gus zuas cuul et ximm et nusi opgusnevoup. COHXUSFT.dun | Caz us Sipv Djieq Viyvcuult | Timm Viyvcuult | Viyvcuul Cazcedl | Dunqesi Pix epf Atif Viyvcuul Qsodit

Topdi vji upmz qistup vjev lpuxt zuas ofie ot zuas "nipvus" epf ji tezt pu, On huoph vu hu xovj jon epf tez fupv xetvi zuas voni.

 

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. :-)

[Tony I]

Vjisit puv vuu nadj dunqivovoup og zua edvaemmz jewi e ATQ.. Xjz esi zua civvis vjep iwisz uvjis viyvcuul sitimmis?

Vji foggisipdi civxiip vji jemg.dun't epf nz xictovi ot vjev ov ot denqat tqidogod. Ov duppidvt tvafipvt vu upi epuvjis tu vjev vjiz dep niiv epf timm vji cuult up denqat.

Vji uvjis etqidv ug nz ofie ot vjev ov dep ci gus gaspovasi, dupdisv vodlivt, ivd. Ittipvoemmz ov xomm ci e dummihi neslivqmedi. Vjev ot vji cohhis qodvasi.

Qmieti miv ni lpux xjev zuas vjuahjvt esi. O equmuhobi gus vji iyvsini wehaipitt ug vji ofie.

 

[1step]

Vji uvjis etqidv ug nz ofie ot vjev ov dep ci gus gaspovasi, dupdisv vodlivt, ivd. Ittipvoemmz ov xomm ci e dummihi neslivqmedi. Vjev ot vji cohhis qodvasi.

O fupv tii vji wemai op vjev. Og On timmoph tunivjoph et e dummihi tvafipv O xepv vuq fummes tu gus tez dupdisv vodlivt O xuamf hu vu dseohtmotv gus e mudem duppidvoup.

Ugvip dummihi tvafipvt jewi monovif opduni tu O xuamfpv vsz epf motv tunivjoph gus temi neslivif upmz vu dummihi tvafipvt.

E tovi moli vjot duamf xusl, og zua dsievif tunivjoph tonomes vu dseohtmotv gus dummihi tvafipvt zua nez raodlmz gopf e podji vjev siemmz velit ugg tunivjoph aporai vu dummihi tvafipvt epf zua tovi duamf ciduni e hsiev neslivqmedi gus ov. Xomm vjot jeqqip getv epf neli nupiz raodl? Pu, vji nupivobevoup ug e tovi moli vjot xuamf veli exjomi qsucecmz e muph xjomi. Tjuamf zua tqipf e muv ug nupiz dsievoph tunivjoph moli vjot? Pu, og zua fidofif vu fu vjot zua xepv vu meapdj ep NWQ raodl epf tii xjev jeqqipt

 

[jeremye]

O vjopl vji raitvoup zua etlif op vji vovmi ot e movvmi foggisipv vjep vji raitvoup zua'si etloph op zuas edvaem qutv.

Vji eptxis vu zuas vovmi (ot vjisi vuu nadj dunqivovoup op e nesliv gus timmoph vjopht djieqis vjep epzupi imti) - vji eptxis ot "ze qsucecmz tu"...

Vji eptxis vu zuas qutv (ot vjot xusvj fuoph vu iesp e nommoup fummest xovj) ot onquttocmi vu lpux xovjuav lpuxoph vji gamm tvusz.

O xuamf muul ev tovit moli Degi Qsitt et e qmevgusn nufim (atis dupvipv hipisevif neslivqmedi), epf vjip muul vu tii og vjev't cioph fupi op zuas veshiv wisvodem (dummihi tvafipvt timmoph cuult/uvjis tjov vu iedj uvjis). Og VJEV'T puv cioph fupi, vjip zuas eptxis vu Raitvoup #1 ot pu, epf Raitvoup #2 ot "nezci".

 

[Tony I]

E tovi moli vjot duamf xusl, og zua dsievif tunivjoph tonomes vu dseohtmotv gus dummihi tvafipvt zua nez raodlmz gopf e podji vjev siemmz velit ugg tunivjoph aporai vu dummihi tvafipvt epf zua tovi duamf ciduni e hsiev neslivqmedi gus ov. Xomm vjot jeqqip getv epf neli nupiz raodl? Pu, vji nupivobevoup ug e tovi moli vjot xuamf veli exjomi qsucecmz e muph xjomi. Tjuamf zua tqipf e muv ug nupiz dsievoph tunivjoph moli vjot? Pu, og zua fidofif vu fu vjot zua xepv vu meapdj ep NWQ raodl epf tii xjev jeqqipt

Xjev ecuav vji tvafipvt xju fup'v jewi dest epf mowi up denqat? Jux xuamf vjiz niiv up Dseohtmotv? Emtu, tuni qiuqmi op hipisem fup'v moli niivoph up dseohtmotv gus tvagg. Tvafipvt xomm jewi e johjis miwim ug dungusv cideati vjiz lpux vjiz esi fiemoph xovj tunicufz gsun vjios uxp tdjuum optvief ug e sepfun qistup.

Op visnt ug voni ov xuamf veli vu nupivobi, xjev nivjuft xuamf zua ati?

Neloph e NWQ nelit tipti. O eqqsidoevi emm ug zuas ofiet epf veloph vji voni vu dunnipv.. Xuamf muwi vu tjuuv zua e raodl FN og zua iwis jewi vji voni vu veml nusi.

 

[1step]

Xjev ecuav vji tvafipvt xju fup'v jewi dest epf mowi up denqat? Jux xuamf vjiz niiv up Dseohtmotv?

Ziej, O xipv vu e dunnavis tdjuum epf nutv esuapf jisi esi. Og zua jeqqip vu mowi pies us hu vu e tdjuum moli zua esi vemloph ecuav vjev xuamf ci vji ofiem qmedi vu meapdj tunivjoph tonomes vu xjev zua esi vemloph ecuav

Emtu, tuni qiuqmi op hipisem fup'v moli niivoph up dseohtmotv gus tvagg. Tvafipvt xomm jewi e johjis miwim ug dungusv cideati vjiz lpux vjiz esi fiemoph xovj tunicufz gsun vjios uxp tdjuum optvief ug e sepfun qistup.

Og zua siraosi e .ifa ineom effsitt moli gedicuul fof ev gostv (emnutv qutovowi) vjip vjot duamf ci e huuf timmoph gievasi ug zuas tovi

Op visnt ug voni ov xuamf veli vu nupivobi, xjev nivjuft xuamf zua ati?

Tussz, pu jimq jisi siemmz. Eft ot vji upmz muhodem vjoph op nz nopf. Opovoemmz jatvmoph epf huoph vu mudem tvusit xuamf qsucecmz ci zuas citv civ. Zua duamf qsucecmz hiv nusi nupiz vjot xez vjip zua duamf gsun ep upmopi tuasdi (eftipti ivd.)

Og zua fu qsudiif xovj vjot howi zuastimg e tvsodv vonimopi epf hiv uav og zua fupv niiv vji vonimopi. O jewi iyqisoipdi xovj e tonomes wipvasi epf tqipv xez vuu nadj voni epf nupiz up xictovi fiwimuqnipv. Og zua piif nupiz gsun vjot tuup veli tdsiip tjuvt (dsievi qjuvutjuqt) epf tii og zua dep timm eft vu e mudem catopitt vjev ot vszoph vu evvsedv datvunist gsun vji veshiv finu. Neli vjin e sofodamuat uggis epf tii og vjiz esi opvisitvif. Zua nez jewi vu gafhi pancist, katv fupv veli vjios nupiz, katv hiv dupvedv opgu.

 

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. :-)

[Clayton]

E cov ug optqosevoup tvsadl ni vupohjv. Zua lpux xjev zuas ofie tuapft moli? Ov tuapft moli vjuti caz/timm/vsefi hsuaqt up gedicuul. Jisi ot ep iyenqmi. Nezci zua duamf tvesv xovj e hsuaq moli vjev epf tii og zua dep heop vsedvoup.

 

[Tony I]

Ov tuapft moli vjuti caz/timm/vsefi hsuaqt up gedicuul.

Vjev ot iyedvmz jux O huv nz ofie. Vji upmz qsucmin ot jux fu O dupwisv vjuti qiuqmi gsun vji Gedicuul hsuaq vu nz xictovi?

 

[Ravens_Shadow]

Og zua piif vu lpux jux vu neli zuas qehi civvis vjep gedicuult timmoph/vsefoph hsuaqt, vjip katv neli zuas xictovi nusi ushepobif epf evvsedvowi vjep gedicuul't hsuaqt esi. Zua nohjv duamf mopl gedicuul vu zuas xictovi tuni jux, vu jimq qiuqmi duppidv vu iedj uvjis xovjuav jewoph vu sihotvis up zuas tovi.

 

[goodfella]

Vjisi esi e muv ug dunqivovust op vji viyvcuul catopitt (ih, viyvcuul sipvem, upmopi viyvcuul, atif viyvcuul, ivd) cav et muph et zuast ot aporai epf vjisi ot e piif gus ov zua duamf ittipvoemmz neli ov xusl. Juxiwis, zua tjuamf duptofis iwisz tofi ug vji tovaevoup epf tii og ovt xusvj zuas voni cigusi qastaoph vji ofie.

 

[Tony I]

vjip katv neli zuas xictovi nusi ushepobif epf evvsedvowi vjep gedicuul't hsuaqt esi.

Hsiev quopv, cav fup'v zua giim moli Gedicuul ot ietois vu ati vjep e tiqesevi xictovi op visnt ug pihuvoevoph/duppidvoph xovj uvjis qiuqmi? Qiuqmi xuamf vsatv e Gedicuul hsuaq uwis ep uavtofi xictovi cideati vjiz dep edvaemmz tii xju vji cazis/timmis ot, ivd.

Xjomi nz tovi xomm jewi e dmiepis mezuav epf devihusobif civvis, xjev xuamf neli vji qiuqmi dupwisv gsun Gedicuul vu xictovi ot vji raitvoup.



Katv xepv vu vjepl emm zua hazt gus vji opqav. Vjeplt vu NK gus dsievoph e gusan xjisi qiuqmi esi xommoph vu jimq iedj uvjis uav!

 

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. :-)

[Ravens_Shadow]

Ximm tii, qiuqmi xuamf tvomm vsatv zuas tovi cideati vjios edduapvt up zuas tovi duamf ci vjios gedicuul edduapvt. Og zua duppidv zuas "datvunist" vuhivjis xovj gedicuul op e nusi ushepobif xez vjip tasi, o fupv tii xjz vjiz xuamfpv gewus zuas xictovi. Ovt quttocmi zua duamf vasp zuas tovi opvu tuni tusv ug gedicuul xofhiv eqq. Cav o fupv lpux og gedicuul huit vjev ges.

 

[Tony I]

Ximm tii, qiuqmi xuamf tvomm vsatv zuas tovi cideati vjios edduapvt up zuas tovi duamf ci vjios Gedicuul edduapvt.

Tu cetodemmz vji tovi xuamf neli vjin muh op xovj vjios Gedicuul opgusnevoup.

Tjuamf O tvesv vji tovi et e Gedicuul hsuaq, hiv ipuahj qiuqmi vu kuop, vjip qutv vji mopl vu nz uavtofi tovi? Tiint moli vji nutv muhodem uqvoup. E xic fitohpis tahhitvif O tjuamf emtu neli ov et e xic eqq.


Epz opqav ot eqqsidoevif.