Low-Competition Business Ideas

Andy Cloke lays out a framework for finding low-competition business ideas…

1. Find a platform that is growing massively.
2. Look at successful tools for more mature platforms.
3. Build equivalent tool for the new platform.
4. 💰

Andy gives two examples of how he’s done this himself.

One was back in 2019, seeing something that worked well on Instagram and doing the same for TikTok. He apparently bootstrapped it to $3500/month before selling the business for five figures.

Related: 47 more ways to come up with a business idea

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