Herd Mentality And Market Saturation...
Talk about history repeating! The more things progress, the more they stay the same. This isn't a negative whinge about the WF so stay with me...
I am referring to the types of threads started and the type of problems encountered by members... the challenges they face in business.
There is a recurring cycle of the same challenges and problems on any given time period.
So it begs the question: With so much information, feedback, advice and access to resources, why do people have the same challenges as others who went before them a few years ago?
Ok, so that's a pretty big, open ended question because there are so many factors which I am sure you can list... mindset, procrastination and shiny new object syndrome just to name a few.
But I want to touch on one that is seldom mentioned: Herd Mentality.
First up, I define this is blindly doing what everyone else does because you think that if everyone else is doing it, then it must be working.
But here's the thing...
If this were the case, then why is there such a huge fail rate in the IM business? Surely if it works because everyone else is doing it, then everyone would be successful, yes?
And so the obvious downside to this approach is that if you follow the herd, and the herd is marching towards a cliff, then you are destined to fall off the cliff as well.
Another downside of the Herd Mentality - as I see it - is another topic which seems almost impossible online, and yet I believe that in certain areas, it does exist: Market saturation.
I would hazard a guess that the majority (my opinion only) follow the herd and jump blindly as they see the next, new money-making opportunity.
Let's take a look at a few obvious examples here... WSO's, Article writing, Fiverr gigs. Then you have SEo and beating Google.
Is this a case of everyone jumping on the band wagon and causing saturation to the point where it no longer becomes profitable? I think it does. In the event of Google, no matter what people come up with, Google shuts them down.
Maybe, just maybe, we have to stop following the herd and get back to basics?
You know... find a market, research it, and carve out a unique place for yourself. I suspect that the most successful Warriors have done just that.
Sheesh, but that takes work doesn't it? Sure does, but suck it up because chances are that if it takes work, effort and dedication, then the Herd won't be doing it. Are you catching my drift yet?
Can you see where the massive, real opportunities are for you?
For the more observant, it means that if you do the exact opposite of the Herd, then the chances are that you will make a ton of money.
The reality is that the MMO market relies on the influx of newbies. This means that every day there are more and more new competitors coming into your market. More Lemmings to the herd.
The trick is to be the market leader and not the herd follower.
Discuss.
Sal
You Won't See The Light Until You Open Your Eyes.
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You Won't See The Light Until You Open Your Eyes.
You Won't See The Light Until You Open Your Eyes.
You Won't See The Light Until You Open Your Eyes.
You Won't See The Light Until You Open Your Eyes.