Knowledge Marketplace
My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

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they became a category of one we're the only energy drink that's a shot size
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What It Means

Instead of competing directly, create a new category where you have no competition

Why It Matters

Shows how changing form factor can completely change competitive dynamics

When It's True

When you can deliver core value in a fundamentally different format

When It's Risky

When the new category is too small or when customers don't understand it

How to Apply

1

Analyze what aspects of your business model can be fundamentally changed

2

Look for underserved distribution channels or formats

3

Test new category before fully committing

Example Scenario

Software company creates mobile-first version of desktop tool, becoming the only player in mobile category rather than 10th player in desktop