Comment by ben_w
18 days ago
> there are just too many competitors
This ought to be a signal that the market is already being served, that it is unlikely to be a big opportunity to make more money.
Even with advertising, what you have in such a market is an all-pay auction: https://en.wikipedia.org/wiki/All-pay_auction
The end point is nobody makes any profit on apps, because all the money that ought to be profit goes to paying for a bidding war on ad slots.
"The market" is no longer your local neighborhood, it's often the entire globe.
I know that.
In fact, more than know, I assumed the only category under discussion were at a minimum nation-scale, what with local knowledge not requiring online advertising as a sign on a building is enough for local neighbourhoods.