"Si estás entrando en un mercado existente, contra competidores grandes y establecidos, entonces tu producto o servicio necesita ser mucho mejor que el de ellos. No puede ser un poco mejor, porque entonces te pones en los zapatos del consumidor... ellos pre"
— Elon Musk
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Simplified Meaning:
When you try to sell a new product or service in an industry where big companies are already successful, yours needs to stand out in a big way. Imagine you want to start a new soda company, but well-known brands like Coca-Cola and Pepsi are already popular. If your soda tastes just a little bit better than these famous brands, people probably won’t bother switching. They trust the brands they already know. But, if your soda tastes amazing, is much healthier, or much cheaper, then people will have a good reason to choose yours instead. So, if you’re creating something new in a crowded market, it must be significantly better to convince people to change their habits and try your product.
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Brand loyalty Business strategy Competition Competitive advantage Customer perception Disruptive innovation Entrepreneurship Innovation Market strategy Product developmentFEATURED QUOTES
