distribution
by PVC Staff
Tuesday, May 06, 2008
The Myth of 1%
When making a business plan, don’t make any assumptions about market share.
There are many variations on this common trap, but the general outline goes like this: Someone hears a report about how much money there is being made in a market segment, such as podcasts or movie trailers or renting out RED One cameras. They then theorize that if they could capture just some small percentage of that market - say, 1% - that they would be rich. And thus, a business plan is born! After all, who can’t capture at least 1% of a given market?!?
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