If you have heard of the blue ocean strategy book where they tell you to delve into new markets with no previous competition, it's missing info right?

[jennifer_bloom]

First of all, they do not tell where to locate those new markets where there is no previous competition. We live in a world where you have 8 billion souls that are competing with you for market space and 8 billion people want their own monopolies in life. I have actually come across three monopolies that nobody has previously used, but discovering it was a massive use of my time, I spent so much time on this, that I failed at almost every other goal I wanted to achieve in life. I remember telling somebody in my mid 20s I might have to choose between having a job and having a marriage, that almost came true for me for me since I did not zero in on my 3 market monopolies until this year.

[Xawyx-2]

Yes, you're right, something is missing in that strategy book. You should always compare your marketing strategy with the other competitors.

[Xawyx-2]

Thank you for MHO

[AI Opinion]

The Blue Ocean Strategy emphasizes creating new markets rather than competing in saturated ones. While it doesn’t specifically guide you on locating these markets, it encourages thinking innovatively and exploring unmet needs. From my experience, discovering these opportunities often involves thorough market research and understanding customer pain points. I once advised a tech startup that found success by addressing an overlooked niche. Balancing exploration with personal goals is key. Consider establishing clear priorities and allocating time effectively to maintain harmony between personal ambitions and professional endeavors.