Let’s say you want to discover a new market. Well, the first thing you need to do is to follow the money. Follow the money. The first question that we need to answer, whenever we enter a market is, can I make money? Can I make money in that market? Right? If the answer is no, of course, we’re not gonna waste the time. So the answer needs to be yes. How do we do that?
Well, are other people making money? We want to see other people making money in that market. So that’s a good thing, right? And most people think that we should try to find a market where there’s nobody, and we are the first ones. That’s the mistake. That’s a red flag. I’m not gonna take that risk. I don’t want to take that risk. I’m not Apple that has all that money that can do all that research. No. I want to know, Okay, I see a lot of people are making money. That’s a great thing. That’s step one.
Step two is we want to model what works first by analyzing. Okay, we see those players. We know that they are making money or at least looks like they’re making money. Second question’s How are they making money?
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