Overcoming Market Saturation Is More About You Than The Market
In this podcast, Manuel Suarez will teach you about the vastness of the market, recognizing the value of customization in product branding, dispelling misconceptions about competition and saturation, and adopting a perspective that views market saturation as an indication of a substantial and accommodating market space.
🔷 Market Size Understanding: Learn about the expansive market with over 300 million people in the U.S. and a global online population of 4 billion. Sellers can grasp the enormity of the market before expressing concerns about saturation, emphasizing the vast potential customer base.
🔷 Customization Adds Value: Manuel stresses the significance of customization in product branding. He advocates for personalization, such as adding initials or unique themes, as a means to distinguish businesses and enhance product value.
🔷 Competition and Saturation Misconception: Receive tips on the common misconception about competition and market saturation. Manuel argues that a high level of saturation, where multiple sellers offer similar products, doesn't necessarily lead to increased competition; instead, it suggests a vast market where everyone can potentially thrive.
🔷 Pie Analogy for Market Size: Manuel draws an analogy between the market and a pie, framing it as a vast space. Encourages sellers to see the market as expansive, likening it to a pie with enough slices for numerous sellers. The message is to view saturation not as a hindrance but as an indicator of a substantial market.
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