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:
[00:27] Today’s Topic:  How First Mover Advantage Can Kill Your Business
[00:50] Coca-Cola is the beverage king. They are the first mover.
[01:11] The first mover advantage helped Coke become the dominant brand.
[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.
[02:17] Last mover advantage is taking what has been done and improving upon it.
[02:31] Being the last in is a huge advantage.
[03:23] Moz was the first marketing tool out there, but other brands that came after have overtaken them.
[03:35] SEMRush and AHREFS are go-to’s and improved upon what Moz does.
[03:58] YouTube did really well at first, because they didn’t have to deal with the lawsuits other sites did.
[04:30] Napster was a great service, but they had to deal with lawsuits and they got destroyed.
[05:18] As tech evolves, it also gets cheaper.
[05:30] When Moz released their financial info, it was found that they spent hundreds of thousands on server costs.
[05:40] This is something you can spend a lot less on now.
[06:09] That’s it for today!
[06:13] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

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Did you enjoy this episode? If so, please leave a short review.

Connect with us:
NeilPatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



Learn more about your ad choices. Visit megaphone.fm/adchoices

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/">Napster</a> was a great service, but they had to deal with lawsuits and they got destroyed.</li> <li>[05:18] As tech evolves, it also gets cheaper.</li> <li>[05:30] When Moz released their financial info, it was found that they spent hundreds of thousands on server costs.</li> <li>[05:40] This is something you can spend a lot less on now.</li> <li>[06:09] That’s it for today!</li> <li>[06:13] Go to <a href="http://www.singlegrain.com/giveaway">Singlegrain.com/Giveway</a> for a special marketing tool giveaway!</li> </ul> Leave some feedback: <ul> <li>What should we talk about next? Please let us know in the comments below.</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul> Connect with us: <ul> <li><a href="http://neilpatel.com/">NeilPatel.com</a></li> <li><a href="https://www.quicksprout.com/">Quick Sprout</a></li> <li><a href="http://growtheverywhere.com/">Growth Everywhere</a></li> <li><a href="http://www.singlegrain.com/">Single Grain</a></li> <li><a href="https://twitter.com/neilpatel">Twitter @neilpatel</a></li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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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:  [00:27] Today’s Topic:  How First Mover Advantage Can Kill Your Business [00:50] Coca-Cola is...

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

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