Buffett often said, "The secret to life is weak competition." Turns out many other successful CEO found this secret as well like…
1. Max Levchin, PayPal
He kept pivoting away from crowded spaces. Crypto libraries, no demand. Enterprise software, no demand. Consumer wallet, no demand. Every time he hit competition or no market, he moved sideways until he found the one thing nobody was doing which was storing and sending actual money on Palm Pilots. Eventually it became PayPal, acquired by eBay for $1.5B.
2. Mitch Kapor, Lotus 1-2-3
Kapor looked at what VisiCalc, the dominant spreadsheet tool of the 80s, couldn't do.
Bigger spreadsheets, one-button graphing, better interface for non-expert users. Basically what Canva did to Adobe.
In his own words: "I saw a gap in the marketplace." Lotus 1-2-3 became the best-selling software of the decade and sold to IBM for $3.5B.
3. TiVo founders, DVR
Ramsay and Jim Barton didn't compete with other DVR companies. There were none. They competed with an assumption that you watched whatever was on TV, whenever it was on. They saw doomscrolling from a mile. Back in the day, professional recording systems cost $1M. TiVo did it for a few hundred dollars. They didn't find weak competition. They found no competition.
In social content, I like to think that the tool for defeating weak competition is hiding in plain sight.
Since there are no entry barriers, we're essentially competing with almost 100,000 candidates. Some are good, a few are great, but most are outright mediocre.
So where is the weak competition?
Well, there's this growing enigma that socials guy should be on socials all the time if they're good.
Simple 1 1, right?
But if your social media person is consuming garbage all day and night, how are they supposed to create anything new?
Now, some might argue that it allows them to capture the trend early and pile on. But if you look closely, those trends are usually created and even captured by writers with humour.
So the skill that's being used is not chronic doomscrolling. It's their wittiness.
This should be the only exception.
But since not everyone can nail being funny, I certainly am not funny, at least in English, what choice does that leave? Well, I read. I dig up arguments. I dig up stories. I dig up raw facts.
This is your weak competition.
90% of social media writers don't read. So ipso facto, you bypass them. Your content just has a more solid foundation.
So next time you're hiring a socials guy, ask them:
What are the last 3 books you read?
If they start naming Airport books like Atomic Habits, you've identified someone who has taken a basic course to write on LinkedIn/X.
All they know are templates and surface-level stuff.
If you want such content, it's much better to write it yourself.
Why pay someone $3k/month to do what you can learn pretty quickly?