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[QUOTE="Jasmine, post: 268514, member: 49159"] Monopoly or even duopoly can be a business strategy for big companies, however, for small and medium enterprises, this is quite not possible. Therefore, small and medium businesses need to produce the same product that big businesses are selling, improve the quality of the product, offer unique selling proposition, use good marketing strategies and mange to stay afloat in the market. There is one interesting strategy that small businesses, basically start-ups, can use to grow big. They will have to create unique product and then try to sell the product to big businesses. For example, Minecraft was not created by Microsoft, but today Minecraft game is under Microsoft. Youtube was not created by Google but today youtube brings a lot of revenue for Google. Likewise, Instagram and Whatsapp are not Facebook's original product, facebook acquired these products. Big businesses are always looking forward to take over small companies, you can try that. [/QUOTE]
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