Is it wise for a startup to produce similar product to the ones in market?

[Heatman]

Somewhere you need to show your product is better than the earlier. Either you can make it cheap, but I think by producing better quality, people will recognise it better.

Are you really sure that it's something possible to make your business products and services be of higher quality and still cheaper than the ones already in the market?

 

[Lens]

If he can cope with the highly competitive market , startup can venture into an already existing product. His motive will just to make add something new to the product. Something that commands attention and eye catching. If startup can get this correctly, definitely he will make waves.

 

[Josemendez]

Seriously, a new product may give you an edge if it's the same service and quality with what's already in the market but cheaper. It's the only way customers will buy it.

Sometimes when a new product start by lowering their price , people starts to view the product as inferior a d it might affect them in the market

 

[Setfragil]

There is nothing bad if a start-up company introduce similar products to the already saturated markets. The quality of the products and how affordable it is will determine how it will be accepted in the markets.

 

[Bousine123]

Firstly you should focus on offering what that product in the market does not offer, then you can also consider dropping the price.

 

[Hena101]

Yeah it's good if that's the products that is in high demand in the marker but when starting it up try and come with some innovation that are in the market before.

 

[Chibson]

There is nothing wrong for startups to produce products that are similar to the ones in the market but it is always very good to be creative and unique.

 

[tyrim88]

the issue of coming up with a product should arise as a result of a genuine need,not just on what is actually in high demand in the market.The product or services you render should be able to add some value,no matter how small,there should be a distint difference.

 

[Sotherefore]

Every business organisation that is coming up have their own goal and what they have to offer to the society, you should just start your own and make it a unique from what the society is doing

 

[Setho]

It might end up being a very good idea for a startup to do like this but then the most important thing is for you to add some innovations that will make your product superior.

 

[Mayox25]

For a start up who is trying to break into the market, you should try and look at existing products in the Market you want to compete with and look at the flaws in it and improve on it in your products. There are some products that are out of reach of consumers you can create a mini size of such product of your own to target those who can't afford your competitors own.

 

[jeff87]

In my opinion, it isn't wise creating a product similar to the one in the market as a startup. Your product should be better than the one in the market if you hope on penetrating the market and displacing similar existing product. When your product is exactly similar to the one in the market, it would be hard to penetrate the market and get customers because your brand is yet to build credibility.

You got it right. That is also my sentiment regarding this matter. You have to be different. Do not be a copy cat. I believe everyone is unique. So in creating products you have to choose your own style of product.

 

[joy101]

I don't think is really bad to produce the same product similar to someone in the market because it is good to create a product similar to other in the market.

 

[Tracee]

There has to be a unique feature even though it's similar to others, so it can have a little advantage over the already existing products

 

[joy101]

In a business it is possible to setup a similar product in the market because is not bad to sell similar product in business with other people I the market.

 

[Richard92]

The human mind has been created to showcase one thing in diverse ways. It mignt be a similar product but you can turn up your wn products. Let there be something unique about that particular product, something peeople has never seen before.

Yes it is wise for you to produce the same product in the market if the product is monopolistic in the market or you that products enjoying Monopoly you can produce similar products for cause competition.

 

[Ralphjoe]

If you have to produce same product that is already in the market, you have to consider the market competition because if it's too much, it may affect your business.

We really don't have a choice or producing product weather if the product are in the market or not because in this world there are always going to be high demand for some product so if you know that the product that you want to start producing as and high demand you should go ahead in producing it regarded as if the product is already in the market or not the only thing that you can make your own product to be quite unique with a feature that is not in another similar product.

 

[Heatman]

Well as far as I'm concerned I believe that the most important thing when it comes to business product and services is for you to look for what customers are demanding in the market and produce it.

 

[Alexandoy]

Well as far as I'm concerned I believe that the most important thing when it comes to business product and services is for you to look for what customers are demanding in the market and produce it.

It is all right to produce the same product that is already in the market. We can see the pizza stores here that share in the market base. As long as there is demand then there is business.

 

[Richard92]

The human mind has been created to showcase one thing in diverse ways. It mignt be a similar product but you can turn up your wn products. Let there be something unique about that particular product, something peeople has never seen before.

It is wise for a start-up to produce similar products but he or she must make that product very unique and so that he can be able to get patronage in the market.