Business Ideas Value Skew In Business Ideas

[moonchild]

When it comes to building a new business the most important thing is to actually skew the value of an already existing business, it is way easier to build a profitable business this way than creating a new one from scratch, because when a business is already successful you have a confirmed need in the market, you don't need to validate or test your idea anymore.

Value skewing is adding another element to already existing businesses, so think about what Facebook did to MySpace or what TikTok did to SnapChat and you can now reverse engineer that and think of how to apply it to your own business.

Value skew can be as simple as improved customer care or support.or improved branding

 

[Etini]

I really understand and love the Idea of value skewing to make your business stand out and make the market notice you. The challenge that people fail to understand is that every business sector has a gap that is yet to be completely filled in the industry. A creative and realistic look would expose that gap. Look what Tesla has done to the entire automobile industry to become the standard bearer in the EV sector.

They came into the industry and skewed the entire value of the industry and others are following suit. To stand out in business, add extra value to what is existent and make the entire industry to pay attention to the new value you have created.

 

[Activator230822]

Surely there is that surety in the already existing businesses especially the ones that are very much thriving in a such a great manner.
With that being said, l have seen so many businesses that have really found its peaks by using this kind of strategies.

There is one company that dealt with the supermarket business in my country which was overthrown by the other. That's was because the new one came with more appealing strategies that were liked by customers together with the great listening and speaking skills that it employed in its business.