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A Better Mousetrap


Conventional wisdom says find a niche. Don't go where the market is saturated. And that makes a lot of sense. But for every rule there are exceptions.

I remember when Google first came onto the scene. At the time Alta Vista was king. When you thought search engine you thought Alta Vista. And then, wham! Along came this search engine that was not only much easier to use but also gave much better results. You could type in anything and be confident you'd get the results you wanted each and everytime. And today Google is king. Why? Because they provided a much better product.

Back when I was growing up there was only one brand of yoghurt you could buy. And it was pretty awful. You'd be lucky if you got a small bit of strawberry in the strawberry yoghurt. Then this other brand of yoghurt came along. It was cheaper, delicious, and it was chock full of fruit. Let me tell you, it took off like a rocket.

So don't ignore a market just because it's not a niche. If you can make something that is a lot better than what's already out there then go for it. For example auction sites and dating sites are hot right now. But they're dominated by big boys like eBay and Date.com. Not only that, they all work in the same way. But if you can think of a much better way of doing a dating site or an auction site then go for it.

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Google News - Top Stories

FOXBusiness

Fed Sees Turmoil Persisting Deep Into Next Year
New York Times - 5 hours ago
Ben S. Bernanke spoke at a forum in Arlington, Va., on lending for low- and moderate-income households. By STEPHEN LABATON WASHINGTON - Federal policy makers have concluded that the turmoil plaguing the housing and financial markets is likely to spill ...
Fed ready to extend bank aid Financial Times
McCain says supports Fed move to extend lending Reuters
Bloomberg - CNNMoney.com - MarketWatch - Forbes
all 1,578 news articles


Boston Globe

Talks to Latinos contrast candidates' styles
San Francisco Chronicle - 1 hour ago
(07-08) 04:00 PDT Washington - -- Republican presidential candidate Sen. John McCain has called on his Democratic rival Barack Obama to meet him face to face in informal town hall-style debates across the country.
McCain, Obama court Latino group Los Angeles Times
Candidates talk up Latino connections Boston Globe
USA Today - New York Daily News - Houston Chronicle - Milwaukee Journal Sentinel
all 508 news articles


Calgary Herald

Global polluters agree need for cuts in emissions - but not how or ...
guardian.co.uk - 58 minutes ago
The G8 rich western nations and leading developing countries today papered over their differences on cutting greenhouse gases as they said they shared a "joint vision" for action to combat climate change.
G-8 leaders back off climate specifics CNN International
Rich, developing nation leaders tussle on climate AFP
Bloomberg - The Associated Press - International Herald Tribune - Reuters
all 1,253 news articles


ITV.com

Rice tweaks Russia on missiles, spat with Georgia
The Associated Press - 1 hour ago
PRAGUE, Czech Republic (AP) - A newly inked deal allowing the US to base a missile defense shield on Czech territory set off protests here and in Moscow, with the Russian government threatening that it may respond with military action.
Video: US, Czech Republic Sign Defense Agreement AssociatedPress
Russians warn over US-Czech missiles barrier Financial Times
Washington Post - BBC News - PRESS TV - Washington Times
all 1,142 news articles


Times Online

Bush Won't Back Setting Timeline for Troops in Iraq, Aide Says
Bloomberg - 1 hour ago
By Catherine Dodge and Roger Runningen July 9 (Bloomberg) -- The Bush administration rejects setting any ``arbitrary'' deadline to withdraw forces from Iraq, the president's spokeswoman said after an Iraqi official said his government wants a timeline ...
Video: Iraqi PM Calls for Withdrawal Date AssociatedPress
Maliki's Withdrawal Card Wall Street Journal
New York Times - Reuters UK - AFP - ABC Online
all 1,759 news articles

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