Posts Tagged ‘first mover advantage’

$3m to $60m – Bringing An Offline Business Online

June 8th, 2010 by Rob

I’ve just read an interesting article in about a wine retail business in Springfield, New Jersey. It was inherited by Gary Vaynerchuk in 1987 when it was turning over $3m. By bringing the business online when competitors were still using fax machines/phone calls accelerated growth and today the business has revenue of $60m…..

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First Mover Advantage?

May 16th, 2010 by Rob

One recurring theme which I read about is the number of successful entrepreneurs who advise going into an established market rather than trying to come up with a brand new unique business idea.  Clearly, marketing a new product or entering a very immature market can be extremely profitable if you get it right and obtain […]

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