As I get older and have suffered the bumps & bruises of trying to develop products for markets that didn't have much in the way of competition I've come to appreciate the advantages of being in a market that has many competitors.

AND I'll say right now that I think if you want to make big money as an entrepreneur it's going to be in a more mature market with at least several competitors in it-- trying to make money from some of these incredibly narrow niches that don't have many competitors is just too difficult IMO.

Hey if you want to create an ebook for people interested in basket weaving, that have one arm and live in the state of George go for it if you just want something to do-- but if you want to make money I'd drop it like a hot potato. The fact is I read a lot of posts on several marketing/business opportunity boards where that's exactly the opportunity newbies are looking for because they're scared to death of competition.

The fact is that many profitable niches are filled with competitors that do not know how to market and this is where you can really make some good money.

Great post Duane!