3min snip

My First Million cover image

The $600M Protein Bar Founder is Back Again | Peter Rahal Interview

My First Million

ADVICE

Find Uncompetitive Markets Within Competitive Ones

  • Look for markets that appear saturated but have a few dominant players and a long tail.
  • Ask those who claim the market is competitive to explain why and which competitors pose a threat.
  • If they can't articulate specific competitive dynamics, there may be an opportunity.
  • Look for categories where people aren't currently consumers because the existing offerings don't meet their needs.
  • Bring something innovative and fresh to cater to the unmet desires in those markets.
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