When you Google something, the top results usually contain some links that are terribly out of date. If you want to seal the deal and get your share of 68% online experiences, then you need to take a long and hard look at the situation. The second-mover advantage is something that is very prevalent in the world of SEO and economics. It can be defined as the benefits you reap by moving into an existing market and the following suit.
First movers usually have a tremendous amount of influence in the market. They are the main innovators and they are the ones who are defining the field. But they also have to face a lot of risks and uncertainty. The second-mover advantage will allow you to enter a tapped market and build a niche for yourself while leveraging all of the available data to your benefit.
Here are some of the main advantages of being a proper second mover.
1. Product Management:
Being a second-mover allows you to have a handle on the product management process. Since product optimization has already been carried out by the first movers, all you have to do is enter the market and do the same thing with your very own unique twist.
This is a second-mover advantage as it will allow you to save a tremendous amount of money and time. You can take in all of the user onboarding flows, successful calls to action, and more. Leverage all of this information and carve a large piece of the market yourself.
2. Customer Development:
Being the second mover implies that there is a real demand for the services you are providing. While first movers have to deal with the risks and uncertainty of the market, the second mover advantage will ensure that you can develop customers in the easiest possible way.
By analyzing your competitors and the existing market situation, you can easily figure out what it is that the customers want from you. If a competitor is doing well, it means that there is a lot of demand for your solution in the market. You can work much confidently also.
3. Take the Alternative Opportunities:
Being a second-mover will also permit you to take all of the opportunities and chances that the first mover wouldn’t. In the world of SEO, many firms are quick to dismiss low-volume keywords as not having any value. However, the second mover advantage means that you don’t have the same inflexible requirements as first movers do.
As your situation is significantly more variable and flexible, you can afford to be experimental and take all of the flighty small alternatives that a first-mover typically wouldn’t risk. They can indeed pay off rather handsomely.
These are all of the reasons that encapsulate the essence of the second mover advantage. You will be able to leverage existing information/analysis – and provide the market with products and services that are highly in demand. Being the second mover will give you a lot of freedom and leeway.
