I recently saw a job posted on a web developer recruiting website. It involved some people looking for coders to make a copy of my web business and livelihood www.rentoid.com. What was interesting was the lack decorum shown in the coder recruiting process where the person said – build me a replica of this website. Here’s a screen print of it below.
I was a bit annoyed at first. and sent out a tweet to assess the mood of my army of advisers on twitter. I tweeted the following:
Not sure what to think of this? http://bit.ly/cYR5FI A compliment or IP rip off with me and @rentoid as the victims? Help! Thoughts?
The responses were varied, but all were within the theme of this person clearly does not get what it takes. Here’s some verbatim of the tweet responses:
I pretty much knew this before I tweeted the issue, but it did force me to think about web marketing success, and the success of rentoid to date and I came to the following conclusion. It’s not about the tech. In fact, the tech is pretty low down on the list of things needed for any website to succeed. And if i had to give my nemesis some advice on how to succeed in copying me it would be to do these two things:
Populate and Promote.
This is what needs to be done with any classified style website to succeed, and it takes a lot of time and investment. Investment in financial and human capital. The problem with being 2nd, 3rd or later is that all the easy promotional opportunities like this are taken by the market innovator. And populating your website to make it meaningful takes a lot of boot leather, which is something many web entrepreneurs are afraid of.
Very few second-to-markets ever make it [yes kids don’t choke on your java….i have heard of that thing known as an ipod]. Most ‘seconds’ aren’t Apple.
You are an unusual cat Samma, I still think kneecap first when i see copy cats scouting around.
Sleep easy [with half an eye open anyway]
I’ve given given advice to competitors. To do so generally means you’re ahead in the first place, so why not? Quoting Buffet “We don’t have to be smarter than the rest, we have to be more disciplined than the rest”
Tim Lovitt (@timlovitt via twitter)
It’s a compliment!
Sure, they may rip off your website, but remember what you have today is what you’ve already done – and it’s in the public domain.
The important stuff is what you’ve learnt, the infrastructure you’ve put in place, and what you will do next. That can’t be just ripped off.
…and I nearly forgot, your customers. The most important of all.
Sam.
Yeh, cool… I also subscribe to the concept that it is easy to know what to do, much harder to be able to do it. #ideasarefree
Steve Sammartino
Love it.
Someone said that once – I think @rexter praps? A million ideas come along every day, very very few ever get the “guts” behind ’em.
Sam,
@samotage
It’s not crazy since they aren’t really a threat. If they had a bunch of money/resources it would be a diff story!
Luke (@lukedvp via twitter)
It’s a classy move Stevie! And you are a classy guy. I would always endorse doing the unexpected and telling the truth. You’re great at both. Besides we all know that the public face of our businesses reflects years of thinking, ideas and understanding from the past. You’re already light years ahead.
I wouldn’t want to take on a break dancer of your calibre.
I think it’s quite alright that you’re sharing this information with the competitor.
At the end of the day if they were serious about trying to compete with rentoid and if they put in the time and effort equal to or greater than what you have to get rentoid off the ground then kudos to them.
You know you’re on a good thing when you have someone trying to emulate it so take it as a complement! 🙂
Jonathan
@jonathanlai
The idea is the easy bit. Discipline,passion, ability, timing, strength, endurance, capital, connections, and probably a few more should gave been added to the $750 brief!
It’s a good post, I like your approach with it.
Michael (@mmmichaelfox via twitter)
Scott, the data on this issue is very, very weak. The jury is well and truly out on first-mover vs second-mover (and, indeed, late-mover) in terms of ultimate success.
One of the biggest problems with the “first to market” is that often the public perception of who was first is merely reflective of who survived (i.e. the actual second, third or 4th to market was the first to get any traction and pioneers are thrown in the trashcan of history… think C.Columbus vs Leif Ericson)…
Actually the data is a lot stronger than you think Andre. The thing you both forget was teh second law of marketing (22 laws) which says first to ‘mind’ beats first to market…
Stevie.
You’re funnny Steve… “Laws of Marketing”… comedy gold… there are no “laws” of human behaviour…
(sorry, you don’t allow 4th tier comments, so I can’t reply to your reply above)
it’s about as funny as economics thinking it’s a maths discipline 🙂
Which is why i don’t call myself an economist… and you’re underestimating what economists think of themselves and their capabilities… they are “everything”