If you both solve exactly the same problem, why would you sell it for just $10 when he can sell it for $199?

From experience, it’s easier to find 1 customer at $100 than 10 customers at $10. Also, I have noticed that customers who pay a cheap price require more support (questions, complaints, feature requests) than those paying a high price.

Go for it! If there’s truly a market for this, it’ll be good to have multiple options available. I wouldn’t undercut the price so much though.

Look at it as inspiration , I can’t imagine how our mind can invent something without being inspired by something else or other things.

Yes. This is common. The idea is nothing. Marketing and execution is everything.

So you’re going to charge 20 times less. He made 10k. It means you’re hoping to make $500?

Marketing is everything. Are you talking about shipfa. st, right?

That’s basically what Chinese do

Do it without a second thought.

After talking to numerous SaaS founders, here’s how I think about,

In B2B SaaS world, it’s much easier to succeed in a proven market category with 100s of competitors. Infact the earlier you start, you will need work a lot on PMF & you need to lots of funding to educate the market.

Of course if you’re too late, it means that,

• VCs might not fund you
• You can’t build a billion dollar business

But if you’re looking at building a stable 5-10 MN revenue business, it’s much better to stick to established markets. You will know what product to build on day 1 with minimal experimentation. Once you figure out your unique positioning & niches, your focus will always be on finding out those 1-2 effective growth channels that work for you.

Here’s an example of how Karsten is doing it in a highly competitive space,

How we are growing our SaaS in a highly competitive space

Ideas are meaningless, execution is everything and competition is good