Do I Continue My Launch Plans When A Giant Competitor Releases Something Similar?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Pat Flynn

Business Advice, Marketing, Podcasting, Getting Started, Business Strategy, Business, Small Business, Passive Income, Online Entrepreneurship

4.9 • 638 Ratings

🗓️ 7 May 2015

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's question comes from Laura, who needs help deciding if she should continue with her launch plans, given that a Google-backed venture has just launched something incredibly similar. What should she do? I need you to weigh in using #AskPat338. Would you keep going? The Google-backed project is http://digit.co/. Uber (https://www.uber.com/) and Lyft (https://www.lyft.com/) come to mind. I also discuss Meerkat (http://meerkatapp.co/) and Periscope (http://www.periscope.com/), Vine (https://vine.co/) and Instagram (http://instagram.com/). Do you have a question about your launch plans? Record it at http://www.askpat.com/.

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Transcript

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0:00.0	Ask Pat.
0:04.0	Ask Pat.com.com.
0:10.9	What's up, everybody?
0:11.9	Pat Flynn here and welcome to episode 338 of Ask Pat.
0:16.0	Thank you so much for joining me today.
0:17.9	All right.
0:18.1	Now let's get to today's question from Laura.
0:20.2	And quick thing to mention before the question starts, you're going to have to chime in on this
0:25.0	one as well on Twitter. Hashtag Ask Pat 338. You'll see what I mean in a sec.
0:31.6	Hi, Pat. My name's Laura Miller. I'm an entrepreneur in Australia. I've been working on developing a business
0:39.0	that helps people to save money more easily, which I was going to launch later this year
0:44.5	in Australia. And I've only just discovered that another company over in America, which is
0:50.5	backed by Google Ventures, called Digit.com.
0:55.6	They've just launched,
0:56.8	and they're pretty much offering the exact same service as my own idea.
1:02.7	Should I still go ahead with my business idea?
1:05.7	That's my question.
1:07.2	I'd really love an answer to that
1:09.1	because I have absolutely no idea where I'm going from here on out.
1:13.1	Okay. Thanks, Pat.
1:16.4	All right, Laura, thank you so much for the question.
1:18.8	And I checked out the company that you mentioned, digit.co.
	...

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