A crowded market is better to begin with
If your business has many competitors already in the market, don't be afraid – your chance of getting a success is better. Competition is healthy for any industry. It means your product has significant need in the industry and more people are looking for similar solution. That's a good news.
Remember, unless it's Google or similar profile companies, it's almost impossible for a single company to cater all customers in the world. There will be people who will end up to your service finding it a better alternative. Small companies often create a difference by providing exceptional customer service which makes a difference altogether.
3D and Augmented Reality
If you're thinking about how to start a business with less technical headache and more popular service to provide to your customers, 3D and AR is a great place to start. This is already a massively growing industry. Goldman Sachs vouched for the market value growth up to $80 billion by 2025. More businesses in 2024 are ready to adopt AR and WebAR is a great start for business to try out at lower cost and with easy adoption.
How to start your business
It is better to start with a local market validation to see how potential customers are responding to AR as a service for their business. Instead of setting up everything from scratch, it's a good idea to build a MVP to solve a real world problem and reach out. You can pick any industry which you understand better – there's no harm. Even the smallest niche you can find can provide a great ROI.
Regarding MVP, Marvin XR is a great platform to begin with a free plan and test your product hypothesis quickly without investing a lot there. As you grow with time, you can choose various features from there to cater your customers. This is a neat way to begin your business and start generating revenue without a bigger tech deb.
If you want to learn more about which industry to focus with web augmented reality, this ebook can definitely help you to learn the basics about building business cases and how to help your customers to accelerate their own business with your procduct.
That's all for today. If you're looking for personalized consultancy, feel free to contact me. I'd be happy to guide you with a step by step approach.
See you next week.
Thanks for reading.
Cheers,
Swap