Buying out the competition
Buying out the competition. Have you ever thought about buying out your competitors and introducing their features onto your virtual pet site? It might be costly but if its done right, the buy out may be worth it. You could even keep your competitor’s pet site running and let it run without updates - while running your site’s advertisements on the pet site itself. It can be a risky investment, but if its done right we think we have an answer for you.
If your competitor’s site lacks the content, then introduce new content to it - while having it include unique features for its game, also; update its current content and make it better. Think to yourself is the content weak? Will users come back for me? If that’s a “no” to both of the questions, then you should try improving your new pet site because it’s your investment. Don’t you want to make the money back and hope that you can buy out more competitors? Well if you continue to buy out your competitors, you may one day not have any competitors and is that a good a thing? Well, yes, you can create something that we’d love to call a monoply - which is running your current industry without anyone trying to compete against you.
Ask yourself another question - if I own two pet sites can I keep both of them updated? The answer is no unless you have staff running both of your pet sites. Our favorite thing to do is buying out the competition, merging the content, and bringing their staff on over. If you can’t merge the two pet sites because of them having two different databases, then you’ll have to run them seperate and see how that goes.
Let’s take Marapets as an example for this one. TheTeen recently posted on virtual pet list with the thought of “What if Neopets bought out Marapets?”. Well, Marapets runs differently than Neopets - and I’m sure if Neopets bought them out, they’ll continue running Marapets and introduce new features, new games and new staff members. Why merge a big pet site with an even bigger one? There isn’t a point to that, however; if you run both of them at the same time - you can double your revenue and make your investment back. It’s a risk, but working on the internet is a risk. It’s all about making money and seeing what can become a success. If Neopets thought Marapets could be a worthy investment, then I’m sure they’ll upgrade Marapets by introducing new programmers, new staff members and new features that’ll make Marapets even better. There’s a reason why Neopets is better than Marapets.
All pet sites all the same. Many users believe that all pet sites are the same and that there’s not an industry for them, however; most pet sites sometimes have unique features that other pet sites don’t have. Sure they have the “create a pet” feature, shops, forums, message boards, restocks and various other features, but they’re not all the same. If all pet sites are the same, then aren’t all the search engines the same? Wrong; Google works differently than Yahoo does and has different features. So, if a pet site has different features than its competitor, then they’re not the same.