The Operators discuss the topic of competition and how entrepreneurs think about their competitors. They explore the importance of understanding the competitive landscape and share their thoughts on spending time and energy on competitors. The conversation also touches on the concept of red ocean industries and the benefits of being in a growing category. The Operators emphasize the need to focus on running your own race and the dangers of imitating competitors without understanding their context. They also discuss the timing of expanding into new markets and the challenges of measuring success. The episode concludes with insights on learning from aspirational competitors and the importance of taking big swings in business.
00:56 Thinking About Competition
07:51 Competition in Red Ocean Industries
09:24 Learning from Competitors
11:41 Competing in Growing Categories
15:49 Share of Wallet and Running Your Own Race
20:14 Avoiding the Trap of Imitation
23:46 Understanding Competitors' Strategies
28:31 Competitors as a Tailwind
32:20 Disruptive Growth and Timing
36:50 Expanding into New Markets
38:43 Specialization and Omni-Channel Approach
43:11 The Challenge of Measuring Success
45:41 The Importance of Product Innovation
49:35 The Combination of Competitive Advantages
54:05 Learning from Aspirational Competitors
56:36 Paid Ads and Focusing on A-Plus Projects
59:02 Avoiding Busyness and Taking Big Swings
Operators Exclusive Slack:https://join.slack.com/t/9operators/s...
In the world of eCommerce, a legendary WhatsApp group is rumored to hold the secrets to unimaginable success. The catch? You must have nine figures in revenue to gain entry. The world's biggest brands have denied its existence for years, until now. Four titans known as "Operators" are leaking the secret contents in an effort to share their wealth of knowledge with people like you.
The Only Cloud ERP Designed to Efficiently Scale 8 and 9-Figure Brands.
Visit Our Website:
https://www.9operators.com/--- Send in a voice message: https://podcasters.spotify.com/pod/show/9operators/message