Leveraging Monopoly business venture

Leveraging Monopoly business venture

Inspiring Forest Encircle Cities Strategy from the Movie the Billionaire

 

Have you tried selling products inside your community or in your village with the same products with your competitors whether it’s a part time or another source of income? 

I bet you had. I have started selling products when I was ten back in my city of origin, and what I always notice the most is that you are not the only one with the same type of product selling in a certain place. 

In my case, I started doing it at our school, I was studying at a public school in our province where vendors are allowed to sell food products and other stuff at a certain area of the school.

This is not the canteen but a permitted vendor area outside the school ground, although they allow students to buy from us, in exchange, we have to pay a few just to get a manifestation.

 

Until now I still love selling products in our province, specially when it comes to food. 

But now I felt over saturated when I see myself competing other people with the same products I have, it’s great when you are selling something and you're the only one that has the supply of it, doesn’t it? 

Right now I shifted all my business online and when you know it online market are vast and it’s hard to apply a monopoly context, you are sharing the same products with Thousands of Thousands of competitors who spend their time in front of their screen.

 

What is Monopoly? This is not about the game board this is part of an economic or market strategy. You were taught about this as early as in high school. 

A market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. 

This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market.

 

There you have it, this is what I’m trying to point out, isn’t it fascinating to have your own corporate business where you are the only one supplying it, of course it is. 

Although there's a chances that once somebody notice its potential you'll just be surprise you'll have a rising competitor one day, and there's nothing that you can’t do about it in this world of business.

But don’t mind it, the most important thing is you started it first that’s why you are in the first track to win the race, actually having competitors is not bad, after all it is some sort of advertising process,

 

Here’s another thing you can also leverage a line of business and follow the monopoly process in a certain geographic state. 

Wherein, someone is selling this product in the other city and you are the only selling the same type of product in a different city, got me? 

Have you watch the movie The Billionaire a Thailand movie inspired by a successful young entrepreneur "Itthipat Kulapongvanich." 

From Thailand who had taken the leap of entrepreneurship and set this idea into reality, as per the movie fried seaweed is his favorite snacks but he rarely got any since the supplier is way farther from his city. 

Which makes it a good chance of leveraging a monopoly strategy that made it more successful by utilizing Forest Encircle Cities Strategy.

What is Forest Encircle Cities Strategy?

This is a kind of idea wherein it solves the problem of where to get your customer, when you are an average seller your initial focus is your customer, how will you be able to look for customer to buy your product? 

In Forest Encircle Cities Strategy it’s the other way around you are having your customer to look for your product instead of you looking for them. 

How is that? Let me continue the story, for the young entrepreneur to find ease in selling his product, he took all the chances to make it to 7-eleven product bidding and obtain a ticket to supply various branches.

Business for supporting goods like malls, or 7-eleven have built their own crowd of customers where they don’t need to look for them like the market, of course not all can have their way to these kind of opportunity. 

But you can do alternatives like food truck going to somewhere crowded like in the park or in some concert grounds, events and more.

It’s not easy to run business small or big it all consumes time, patience and money. 

And It’s a hell of a ride if you wanted to become a successful entrepreneur, but if you are the one who envision your goal to succeed then you have to put on your belt and hold steady.