how do you create barriers to entry it’s a great question one that came in from
a great question one that came in from
a great question one that came in from one of my newsletter readers nazzer ki
one of my newsletter readers nazzer ki
one of my newsletter readers nazzer ki hope I pronounced that properly and it’s
hope I pronounced that properly and it’s
hope I pronounced that properly and it’s great because you need to have something
great because you need to have something
great because you need to have something different about your business right you
different about your business right you
different about your business right you gotta have some way to send out if
gotta have some way to send out if
gotta have some way to send out if you’re doing something different then
you’re doing something different then
you’re doing something different then everybody copies you if everybody’s
everybody copies you if everybody’s
everybody copies you if everybody’s doing the same thing then then it’s
doing the same thing then then it’s
doing the same thing then then it’s again hard to stand out it’s hard to get
again hard to stand out it’s hard to get
again hard to stand out it’s hard to get people talking about it’s hard to drive
people talking about it’s hard to drive
people talking about it’s hard to drive more traffic to your store to your
more traffic to your store to your
more traffic to your store to your website you has hard to get people to
website you has hard to get people to
website you has hard to get people to buy from you so the zhurqis wrote in
buy from you so the zhurqis wrote in
buy from you so the zhurqis wrote in saying you know he’s making a new
saying you know he’s making a new
saying you know he’s making a new product and besides licensing how can
product and besides licensing how can
product and besides licensing how can you create unfair competitive advantage
you create unfair competitive advantage
you create unfair competitive advantage for other companies not to copy you what
for other companies not to copy you what
for other companies not to copy you what barriers can we create for competitors
barriers can we create for competitors
barriers can we create for competitors into the market thanks a lot so there’s
into the market thanks a lot so there’s
into the market thanks a lot so there’s a couple main ways to create barriers to
a couple main ways to create barriers to
a couple main ways to create barriers to entry for your business and a lot of
entry for your business and a lot of
entry for your business and a lot of them are not as easy to achieve as
them are not as easy to achieve as
them are not as easy to achieve as others so let me go through them the
others so let me go through them the
others so let me go through them the first is a monopoly okay you own
first is a monopoly okay you own
first is a monopoly okay you own everything so if you own all the trees
everything so if you own all the trees
everything so if you own all the trees then somebody wants to buy trees they
then somebody wants to buy trees they
then somebody wants to buy trees they have to go from you right they have to
have to go from you right they have to
have to go from you right they have to buy from you that model is super hard to
buy from you that model is super hard to
buy from you that model is super hard to do nowadays right if you’re if you’re
do nowadays right if you’re if you’re
do nowadays right if you’re if you’re creating you know apps and smartphones
creating you know apps and smartphones
creating you know apps and smartphones and iPad apps how do you own the market
and iPad apps how do you own the market
and iPad apps how do you own the market you can’t the second thing is to have a
you can’t the second thing is to have a
you can’t the second thing is to have a patent so you’ve created some new
patent so you’ve created some new
patent so you’ve created some new technology and you patent it so that
technology and you patent it so that
technology and you patent it so that nobody else can copy it patents are
nobody else can copy it patents are
nobody else can copy it patents are great but it’s so easy especially with
great but it’s so easy especially with
great but it’s so easy especially with the technology patent it’s so easy to
the technology patent it’s so easy to
the technology patent it’s so easy to change one little thing and companies
change one little thing and companies
change one little thing and companies can skirt their way around the patent so
can skirt their way around the patent so
can skirt their way around the patent so they can still steal your ideas they can
they can still steal your ideas they can
they can still steal your ideas they can still copy and put it into their
still copy and put it into their
still copy and put it into their business it’s still great to have
business it’s still great to have
business it’s still great to have especially if you’re going for funding
especially if you’re going for funding
especially if you’re going for funding or such as you’re trying to get acquired
or such as you’re trying to get acquired
or such as you’re trying to get acquired with your business the patent can be
with your business the patent can be
with your business the patent can be really helpful for you it makes you look
really helpful for you it makes you look
really helpful for you it makes you look like you have some momentum with your
like you have some momentum with your
like you have some momentum with your company but at the end of the day
company but at the end of the day
company but at the end of the day competitors are still going to get in
competitors are still going to get in
competitors are still going to get in cup what you’re doing the best way the
cup what you’re doing the best way the
cup what you’re doing the best way the third way in my opinion to the create
third way in my opinion to the create
third way in my opinion to the create this art affaire advantage is to pour
this art affaire advantage is to pour
this art affaire advantage is to pour yourself into your business you think
yourself into your business you think
yourself into your business you think about what makes you different think
about what makes you different think
about what makes you different think about why you’re starting this business
about why you’re starting this business
about why you’re starting this business so the business here is apps for
so the business here is apps for
so the business here is apps for disabled kids to make their studies
disabled kids to make their studies
disabled kids to make their studies simple and fun
simple and fun
simple and fun why do you want to do this do you have a
why do you want to do this do you have a
why do you want to do this do you have a disabled kid were you disabled when you
disabled kid were you disabled when you
disabled kid were you disabled when you were a child what is driving this
were a child what is driving this
were a child what is driving this passion to help disabled kids I think
passion to help disabled kids I think
passion to help disabled kids I think it’s noble cause I think it’s great I
it’s noble cause I think it’s great I
it’s noble cause I think it’s great I think there’s a lot of opportunity but
think there’s a lot of opportunity but
think there’s a lot of opportunity but why are you doing this you need to pour
why are you doing this you need to pour
why are you doing this you need to pour yourself into your business you need to
yourself into your business you need to
yourself into your business you need to make people want to buy from you and the
make people want to buy from you and the
make people want to buy from you and the experience that they get buying from
experience that they get buying from
experience that they get buying from your business what’s the reason behind
your business what’s the reason behind
your business what’s the reason behind this thing how can you make your
this thing how can you make your
this thing how can you make your creativity shine through and what you’re
creativity shine through and what you’re
creativity shine through and what you’re doing that’s something nobody else can
doing that’s something nobody else can
doing that’s something nobody else can copy because nobody else is you nobody
copy because nobody else is you nobody
copy because nobody else is you nobody else can make it personal the way you
else can make it personal the way you
else can make it personal the way you can because that’s your unique
can because that’s your unique
can because that’s your unique experience that’s the way to send out
experience that’s the way to send out
experience that’s the way to send out especially in a competitive market right
especially in a competitive market right
especially in a competitive market right how many iPad iPhone apps are out there
how many iPad iPhone apps are out there
how many iPad iPhone apps are out there tons is get it’s growing by the second
tons is get it’s growing by the second
tons is get it’s growing by the second it’s crazy how do you stand out most of
it’s crazy how do you stand out most of
it’s crazy how do you stand out most of the apps are coming out or me – they’re
the apps are coming out or me – they’re
the apps are coming out or me – they’re copycats are not unique they’re not
copycats are not unique they’re not
copycats are not unique they’re not creative they’re not original and as a
creative they’re not original and as a
creative they’re not original and as a result nobody downloads them nobody buys
result nobody downloads them nobody buys
result nobody downloads them nobody buys it nobody upgrades on them the way to be
it nobody upgrades on them the way to be
it nobody upgrades on them the way to be unique be different have a sustainable
unique be different have a sustainable
unique be different have a sustainable competitive advantage is to pour
competitive advantage is to pour
competitive advantage is to pour yourself your heart your passion into
yourself your heart your passion into
yourself your heart your passion into your business because nobody can copy
your business because nobody can copy
your business because nobody can copy you for those you’re watching if you’re
you for those you’re watching if you’re
you for those you’re watching if you’re in a competitive business and most
in a competitive business and most
in a competitive business and most people are if you’re real estate agent
people are if you’re real estate agent
people are if you’re real estate agent if you’re a life insurance agent if
if you’re a life insurance agent if
if you’re a life insurance agent if you’re a technology developer you have
you’re a technology developer you have
you’re a technology developer you have tons of competition your real estate
tons of competition your real estate
tons of competition your real estate agent think how many real estate agents
agent think how many real estate agents
agent think how many real estate agents are out there why should I hire you
are out there why should I hire you
are out there why should I hire you versus somebody else you have to pour
versus somebody else you have to pour
versus somebody else you have to pour yourself into it what do you stand for
yourself into it what do you stand for
yourself into it what do you stand for what do you believe why are you doing
what do you believe why are you doing
what do you believe why are you doing this because it’s not to make money
this because it’s not to make money
this because it’s not to make money money comes but there’s something else
money comes but there’s something else
money comes but there’s something else that some reason that’s driving you and
that some reason that’s driving you and
that some reason that’s driving you and that’s got to come through think about
that’s got to come through think about
that’s got to come through think about my business help entrepreneurs how many
my business help entrepreneurs how many
my business help entrepreneurs how many people help entrepreneurs tons of people
people help entrepreneurs tons of people
people help entrepreneurs tons of people help entrepreneurs what’s different
help entrepreneurs what’s different
help entrepreneurs what’s different about me why do you guys come and watch
about me why do you guys come and watch
about me why do you guys come and watch my videos why do you subscribe to my
my videos why do you subscribe to my
my videos why do you subscribe to my newsletter subscribe to my youtube
newsletter subscribe to my youtube
newsletter subscribe to my youtube channel on Twitter on Facebook
channel on Twitter on Facebook
channel on Twitter on Facebook buy my worksheets why are you involved
buy my worksheets why are you involved
buy my worksheets why are you involved in what I’m doing because it’s me you’d
in what I’m doing because it’s me you’d
in what I’m doing because it’s me you’d like what I share I share my personal
like what I share I share my personal
like what I share I share my personal stories
stories
stories I add my Evan touch to everything that
I add my Evan touch to everything that
I add my Evan touch to everything that I’m doing if I tried to be exactly like
I’m doing if I tried to be exactly like
I’m doing if I tried to be exactly like somebody else it’s not going to work
somebody else it’s not going to work
somebody else it’s not going to work somebody can’t be me if you wanted to
somebody can’t be me if you wanted to
somebody can’t be me if you wanted to help entrepreneurs you couldn’t do
help entrepreneurs you couldn’t do
help entrepreneurs you couldn’t do exactly what I do you could
exactly what I do you could
exactly what I do you could be ever you have to be you you’d have to
be ever you have to be you you’d have to
be ever you have to be you you’d have to find your own way to do it that’s where
find your own way to do it that’s where
find your own way to do it that’s where your success will come I have a
your success will come I have a
your success will come I have a long-term sustainable competitive
long-term sustainable competitive
long-term sustainable competitive advantage unfair advantage huge barriers
advantage unfair advantage huge barriers
advantage unfair advantage huge barriers to entry because nobody else can be Evan
to entry because nobody else can be Evan
to entry because nobody else can be Evan Carmichael and that’s the same thing you
Carmichael and that’s the same thing you
Carmichael and that’s the same thing you need to bring to your business you’re
need to bring to your business you’re
need to bring to your business you’re not just making apps you’re throwing
not just making apps you’re throwing
not just making apps you’re throwing yourself into it and nobody else can be
yourself into it and nobody else can be
yourself into it and nobody else can be you that’s your long term advantage
you that’s your long term advantage
you that’s your long term advantage believe those you’re watching liked the
believe those you’re watching liked the
believe those you’re watching liked the video please give a thumbs up below it
video please give a thumbs up below it
video please give a thumbs up below it always makes me want to do more for you
always makes me want to do more for you
always makes me want to do more for you and please leave a comment below let me
and please leave a comment below let me
and please leave a comment below let me know what you think your comments drive
know what you think your comments drive
know what you think your comments drive me every day to want to do more to help
me every day to want to do more to help
me every day to want to do more to help entrepreneurs you get me motivated every
entrepreneurs you get me motivated every
entrepreneurs you get me motivated every day when I wake up and read so please
day when I wake up and read so please
day when I wake up and read so please leave it below leave a question let me
leave it below leave a question let me
leave it below leave a question let me know below – I make a video response
know below – I make a video response
know below – I make a video response thank you so much and I’ll see you soon
”
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