How First Mover Advantage Can Kill Your Business | Ep. #674

Nomzy Stholly

7 min

Investing & Markets

Description

In episode #674, Eric and Neil discuss the First Mover Advantage. Tune in to hear why being first may not make you the best. TIME-STAMPED SHOW NOTES: <ul> <li>[00:27] Today’s Topic: How First Mover Advantage Can Kill Your Business</li> <li>[00:50] Coca-Cola is the beverage king. They are the first mover.</li> <li>[01:11] The first mover advantage helped Coke become the dominant brand.</li> <li>[01:26] Peter Thiel has a concept that says whoever the first to market is, gets a huge advantage. However, you also end up with a lot of high costs and inefficiency.</li> <li>[02:17] Last mover advantage is taking what has been done and improving upon it.</li> <li>[02:31] Being the last in is a huge advantage.</li> <li>[03:23] <a href= "https://moz.com/">Moz</a> was the first marketing tool out there, but other brands that came after have overtaken them.</li> <li>[03:35] <a href= "https://www.semrush.com/">SEMRush</a> and <a href= "https://ahrefs.com/">AHREFS</a> are go-to’s and improved upon what Moz does.</li> <li>[03:58] <a href= "https://www.youtube.com/">YouTube</a> did really well at first, because they didn’t have to deal with the lawsuits other sites did.</li> <li>[04:30] <a href= "https://us.napster.com

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Episodes

How First Mover Advantage Can Kill Your Business | Ep. #674

Nomzy Stholly

7:07