Starting a similar business online?

When it comes to starting a business, a lot of people tend to play safe either it is online or offline. These groups of people will choose the type of businesses which is popular and tend to have the most customers at the time. Examples of businesses are usually related to computer or smartphone. I’m sure you have seen a lot of computer or smartphone shops blooming when these technology starting to grow initially. Is this really a good business strategy? i wouldn’t say the risk is low because at the end of the day, it is the way you run the business matters. Your business still has the risk of being out number by competitors. Regardless of the type of business which you are trying to run, you need to have a unique way of attracting customers in order to stay alive. Of cause the risk is definitely lower than starting a new business which nobody has try before. You don’t even know if there is a big enough demand for the product or service that you are trying to sell. But if you are hoping to make a lot of money, you have to be the pioneer of running business which nobody has tries before. The risk is definitely greater but the reward will obviously be good. I suppose this is what we call no risk no gain. It is a big challenge because you have nothing to refer to and there are no examples which you can study. It is all depending on your instinct and judgement.



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