Early entrants into a market has massive advantage.

[Min George]

Businesses that enter a market early enough always seem to make much more money from that market more than the ones that come later.

They establish themselves as an authority in that market and almost get the highest market share in the entire market.

 

[King Belieal]

Early entrants in a market always have big advantages. They can sell at good prices before competition comes in.

 

[Springtime]

Early entrants can sell their products at a good price and also gain a great portion of market share.

 

[eLdavis]

Yes early entrance does have it's own advantages, you tend to reach out to more persons with lesser competition.

 

[Kross]

With less competition, the businesses that enter the market earliest has the chance to build a reputation and capture the market.

 

[Augusta]

Yeah that's the truth. They establish themselves as an authority in that market and almost get the highest market share because they will be the well known people first

 

[Niyi Br]

Most businesses that are pioneers don't have to face much regulatory scrutiny as the ones that would enter later.

 

[Nomad]

It has two faces, the early entrants can capture customers but it also has to work hard to build products and also market products.

 

[Augusta]

Yes, early entrants into a market generally enjoy significant advantages. This can lead to higher market share, increased profitability, and potentially a stronger position in the long run.

 

[Trush Jodie]

Being a early entrant is not all there is to succeed in an industry. There are people that enter the industry late and still overtake the early entrants

 

[Fidelia]

That's why businesses have to be very creative enough to know markets that are yet to be served by their line of business and target such markets. They would make abnormal profits before others come in.

 

[Augusta]

This act allows new entrants to develop a stronger brand image and customer loyalty, which can be difficult for later entrants to replicate.