Give yourself room to be creative when competing.
One of the easiest ways to make money is to do what other people are doing. Most people know this method which is why when they want to ask you for help concerning their financial life they will tell you to tell them what you are doing to make money, which makes a lot of sense, it is easy to learn from people experience and this way, if you make a big mistake they can easily correct you but the main reason why most people choose to follow what other people are doing is that they don’t want to start fresh, most people want to jump into things that are already working without having to think too much or expose themselves to things that might not work.
this is the main reason why people read a lot of books because it is easy for you to learn from 40 years of experience within two days depending on how big the book is and it has been working for generations. This is where people create the mindset that they have to focus on other people's products or how they produce for them to make their own successful, this is how people create competitions in their mind. That is why some people are always ahead simply because their competitors are only copying them in the field instead of focusing on themselves.
Most people are only copying to create competition and not dominating.
at the beginning of every business or at the beginning of our lives as a young boy, we always have somebody that we look up to and sometimes we have a business model that we look up to and are directly copying this business model. Sometimes we copy so much that we can’t do anything on our own without copying somebody or a Business we look up to which sometimes can be very wrong because it makes us less productive. We have to wait for our competitors to make something before we can do something. It is a bad way to create or build a business.
Unfortunately, this is how some people see business without being creative or innovative. They cannot do anything on their own. They are daily copying somebody else. don’t get me wrong This might  make you a lot of money but it will never take you to the next level because your customer might even be seeing you as a second option. Most people know that the idea that you are selling is not your own and you can control the price because the price also has to come from the owner of the idea that you are copying. sometimes what big companies do is they make your idea their own simply because they want to have the dominating factor in the market.
There is nothing bad in learning
instead of directly copying someone big in the industry, you can learn a lot from them. there is nothing bad in learning new ideas because learning never ends, when you are in business you don’t want to be outdated. People will be coming up with brilliant ideas that you know might even take your own business forward, but you must always leave room for yourself to be able to develop on your own to be creative on your own to make yourself better.
it is better to dominate instead of competing because what competition brings about is totally focusing on someone else and also forgetting yourself in the process. Some people even forget why they started the business in the first place, instead of that don’t compete with anybody, let people compete with you and dominate the market. let every new idea that is coming to the market come from you. It is easy to grow this way by being creative rather than focusing on another person and leaving room for you to develop.
Thanks for your time.
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very informative, Thanks mate
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I think copying isn't a bad idea but the market can get easily saturated once everyone jumps in. So it really depends on the market and whether or not you get in early or not. I do agree that being creative will give you better returns but I think it's also risky as you don't know whether or not your idea or timing is correct.