Episode #674
How First Mover Advantage Can Kill Your Business 
June 05, 2018

In episode #674, Eric and Neil discuss the First Mover Advantage. Tune in to hear why being first may not make you the best.

TIME-STAMPED SHOW NOTES:

  • [00:27] Today’s Topic:  How First Mover Advantage Can Kill Your Business
  • [00:50] Coca-Cola is the beverage king. They are the first mover.
  • [01:11] The first mover advantage helped Coke become the dominant brand.
  • [01:26] Peter Thiel has a concept that says whoever the first to market is, gets a huge advantage. However, you also end up with a lot of high costs and inefficiency.
  • [02:17] Last mover advantage is taking what has been done and improving upon it.
  • [02:31] Being the last in is a huge advantage.
  • [03:23] Moz was the first marketing tool out there, but other brands that came after have overtaken them.
  • [03:35] SEMRush and AHREFS are go-to’s and improved upon what Moz does.
  • [03:58] YouTube did really well at first, because they didn’t have to deal with the lawsuits other sites did.
  • [04:30] Napster was a great service, but they had to deal with lawsuits and they got destroyed.
  • [05:18] As tech evolves, it also gets cheaper.
  • [05:30] When Moz released their financial info, it was found that they spent hundreds of thousands on server costs.
  • [05:40] This is something you can spend a lot less on now.
  • [06:09] That’s it for today!
  • [06:13] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

Leave some feedback:

  • What should we talk about next? Please let us know in the comments below.
  • Did you enjoy this episode? If so, please leave a short review.

Connect with us:

Discover Latest Episodes

Episode
ChatGPT Quietly Switches From Bing to Google
July 14, 2025

In this episode #3004, Eric Siu and Neil Patel discuss the shift from Bing to Google and the Microsoft-OpenAI partnership’s impact on businesses. They cover how marketing agencies are evolving amid ...

Episode
MrBeast’s SaaS Decision – A Mistake?, Pay per Crawl Launches for AI, Listicles Are Back, Why You Need Them for LLMs, How LLMs Will Rank You in the Future, AI Content Farms Are the New Arbitrage?
July 10, 2025

In this episode #3003, Eric Siu and Neil Patel discuss MrBeast's ViewStats and the AI thumbnail backlash, Cloudflare's pay-to-play model, and how LLMs are shaping the future of SEO. They also cover th...

Episode
The Collapse of Jaguar, How Meta Is Buying OpenAI Right in Front of Us, AI Mode vs. Classic Search Data, ChatGPT 5 Will Be INSANE
July 09, 2025

In this episode #3002, Eric Siu and Neil Patel discuss the collapse of Jaguar due to marketing missteps and the importance of understanding core audiences. They dive into Meta's AI acquisitions, compa...