Tambi Jalouqa’s Post

View profile for Tambi Jalouqa, graphic

Managing Partner | Looking for builders to join our movement

If you have a competitor that already owns the majority of the market for your product category. Don’t stop! Come up with a plan why your product will be 10x better, 10x faster or 10x cheaper and you have a shot at dethroning the king of that category. Just build the right team, the right product and figure out how to reach that market. It’s not easy, sure, but great things require great people.

When Google launched its search engine, there were already well-established companies like Yahoo, Microsoft (with MSN), and AltaVista in the market. One of the key reasons for Google's success was its simplicity and user-friendly interface. People found it easy to use, with a straightforward search input and a button, which eliminated the need for further instructions or help, unlike some of the more cluttered interfaces of its competitors at the time. This simplicity and ease of use contributed significantly to Google's rapid adoption and popularity.

Omar Dabbas

SEO Expert, Product & Digital Consultant 🇵🇸

1mo

Competing in a field just because you're 10x cheaper is probably a quick recipe to fail. This competitor can simply "kill" any startup that started getting traction by decreasing their prices, until the new player goes out of market, and they -since they are kings- have the cashflow to handle this.

Jafar Al-Badarneh

AI, Software and Startups

1mo

It'd be even great if you make it easy for your customers to migrate seamlessly from X to your product!

Habeeb •

revealing ways to Growth

1mo

I'd say it's not just about faster cheaper or better, but rather about #theBigWhy for which this target market needs to hire the product (the #jobstobedone)

Like
Reply

Netflix succeeded with a better model than Blockbuster because of its subscription model. There is another company now that wants to compete with Uber called Hovr, which has a different payment model for taxi drivers.

Like
Reply
Ghayath Abu Ghosh

We Turn Ideas Into Products @ Evotik.com || SaaS Builder || Digital Marketing Consultant || Follow + 🔔

1mo

So the startup just woke up and found out that the competitor owns majority of the market? Why to be in a red ocean in the first place?

Majd A.

3x Founder | Xoogler | Design Thinking | Follow for daily tips on how to launch, grow, fundraise for and steer your startup.

1mo

The 10x element is KEY. Only then can you be in a league of your own in your industry and compete with the bigger players.

Absolutely! Focusing on a clear value proposition is key.

Like
Reply
Tarek Nazzal

Co-Founder at MenuDelite

1mo

Preach! It’s all about the execution & the strategy to scale.

Like
Reply
⚛Mohamad Nimer

𝗙𝘂𝗹𝗹𝘀𝘁𝗮𝗰𝗸 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗘𝗻𝗴𝗶𝗻𝗲𝗲𝗿 𝗮𝘁 𝗜𝗞𝗘𝗔 | 𝗡𝗼𝗱𝗲𝗝𝗦 𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘀𝘁 | 𝗝𝗮𝘃𝗮𝗦𝗰𝗿𝗶𝗽𝘁 𝗘𝗻𝘁𝗵𝘂𝘀𝗶𝗮𝘀𝘁 | 𝗚𝗢 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿 | 𝗔𝗴𝗶𝗹𝗲

1mo

Unfortunately Tambi Jalouqa, hiring the right squad is not the #1 priority for the current CEOs!

Like
Reply
See more comments

To view or add a comment, sign in

Explore topics