{"id":81,"date":"2007-04-07T02:27:03","date_gmt":"2007-04-07T02:27:03","guid":{"rendered":"http:\/\/ebizz.wordpress.com\/2007\/04\/07\/is-being-first-always-better\/"},"modified":"2007-04-07T02:27:03","modified_gmt":"2007-04-07T02:27:03","slug":"is-being-first-always-better","status":"publish","type":"post","link":"https:\/\/www.chris-salazar.com\/blog\/is-being-first-always-better\/","title":{"rendered":"Is being first always better?"},"content":{"rendered":"<p>One of the main reasons why I like the Web industry is because its always changing!  New things are introduced everyday and old ideas fail everyday too.  Because the web is so scalable, there&#8217;s so much to do in such a big space.  The dynamic culture of the web allows for everyone to get a piece of the pie (some bigger than others), but in any case, everyone gets a chance to show what they got in their 15 minutes of fame.<\/p>\n<p>Despite all of this, I&#8217;ve often wondered if being the first in your market to introduce a new product\/service is an advantage or disadvantage?  I&#8217;m sure its a little of both, but whats the best strategy?  Better yet, is one better than the other, or is it just a flip of the coin?  To try and sort out all these questions, I&#8217;ve put together an advantage\/disadvantage list:<\/p>\n<p><strong>Advantages of being FIRST:<\/strong><\/p>\n<ul>\n<li>Have the opportunity to &#8220;WOW&#8221; users with something new and exciting<\/li>\n<li>No competition!<\/li>\n<li>Have the ability to create your own system, own way of doing things<\/li>\n<li>Set the industry standard &#8211; set the bar high<\/li>\n<li>Once you create a need for your product\/service, you can charge comfortably<\/li>\n<\/ul>\n<p><strong>Disadvantages of being FIRST:<\/strong><\/p>\n<ul>\n<li>Other people can copy your ideas and come out with something better\/easier<\/li>\n<li>You are the first one to make the mistakes<\/li>\n<li>Costs of production may be higher<\/li>\n<li>As competition comes in, your prices may have to drop (depending on your strategy)<\/li>\n<li>Making critical mistakes could be the end of your business<\/li>\n<\/ul>\n<p>These are just some ideas I&#8217;ve been thinking about, especially with YouTube and all the look-a-likes around.<\/p>\n<p>I&#8217;m still wondering which one is best though&#8230;launching first or waiting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the main reasons why I like the Web industry is because its always changing! New things are introduced everyday and old ideas fail everyday too. Because the web is so scalable, there&#8217;s so much to do in such a big space. The dynamic culture of the web allows for everyone to get a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is being first always better?  - Connecting Marketing Strategy and Digital Innovation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.chris-salazar.com\/blog\/is-being-first-always-better\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is being first always better?  - Connecting Marketing Strategy and Digital Innovation\" \/>\n<meta property=\"og:description\" content=\"One of the main reasons why I like the Web industry is because its always changing! 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\u00a0Is Apple still the biggest force in the industry? \u00a0Short answer for both questions: \u00a0not sure. \u00a0Now, more than ever, it's unclear who has the competitive advantage between Google and Apple. \u00a0Apple's iPhone used to be the \"coolest\" phone available--it became an\u2026","rel":"","context":"In &quot;Apple News &amp; Rumors&quot;","block_context":{"text":"Apple News &amp; Rumors","link":"https:\/\/www.chris-salazar.com\/blog\/category\/apple-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6,"url":"https:\/\/www.chris-salazar.com\/blog\/best-business-practices-ethics\/","url_meta":{"origin":81,"position":1},"title":"Best Business Practices: Ethics","author":"Chris Salazar","date":"27 September, 2005","format":false,"excerpt":"Today's theme is \"Business Ethics\" The study of ethics helps us study the goodness in human action or the good life. As a \"normative\" field of study, it helps us study how we \"ought\" to act. Applying this to business, we find that ethics helps decipher the ethical and unethical\u2026","rel":"","context":"In &quot;Business Best Practices &amp; How To&quot;","block_context":{"text":"Business Best Practices &amp; How To","link":"https:\/\/www.chris-salazar.com\/blog\/category\/business-best-practices\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18,"url":"https:\/\/www.chris-salazar.com\/blog\/library-20-web-20-library\/","url_meta":{"origin":81,"position":2},"title":"Library 2.0 = Web 2.0 + Library","author":"Chris Salazar","date":"23 January, 2006","format":false,"excerpt":"Library 2.0\u2026 \u201cThe Library Without Walls\u201d The internet has brought several innovations that were unheard of 25+ years ago, and they keep coming. From Web 1.0, to Web 2.0, and now to Library 2.0, the internet is vastly changing our everyday lives. With the popularity of Google and other search\u2026","rel":"","context":"In &quot;Digital Marketing&quot;","block_context":{"text":"Digital Marketing","link":"https:\/\/www.chris-salazar.com\/blog\/category\/digital-marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1403,"url":"https:\/\/www.chris-salazar.com\/blog\/detour-new-audio-tour-app-how-collaborative-economy-can-help\/","url_meta":{"origin":81,"position":3},"title":"Detour, New Audio Tour App &#8211; How Collaborative Economy Can Help","author":"Chris Salazar","date":"4 February, 2015","format":false,"excerpt":"Upwards of 3 million people travel each year with almost a quarter of all travelers relying on social media to help in one form or the other. \u00a0This number will likely increase as the Collaborative Economy has made traveling easier and more cost-effective. \u00a0Often, we find ourselves in new cities\u2026","rel":"","context":"In &quot;Digital Marketing&quot;","block_context":{"text":"Digital Marketing","link":"https:\/\/www.chris-salazar.com\/blog\/category\/digital-marketing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/farm9.staticflickr.com\/8594\/15924526432_f0d7016605_n.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":7,"url":"https:\/\/www.chris-salazar.com\/blog\/web-technology-refrigerators-tvs-internet-one\/","url_meta":{"origin":81,"position":4},"title":"Web Technology: Refrigerators + TVs + Internet = ONE","author":"Chris Salazar","date":"29 September, 2005","format":false,"excerpt":"Update: \u00a0Here's what I think in 2013...have my feelings changed?\u00a0\u00a0Find out now! >>> Some predict the web will soon be integrated in just about everything. 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