From childhood, everyone on earth, learn with the copycat. every human being learns from their parents, guardians, colleagues and from society. If we do not copy, how can we learn anything like language, expression, etiquette and living style?
Without copycat, we cannot communicate with others even know the next one’s thinking.
Innovation comes with a limited edition from the limited person. Then why not copycat a profitable business model to be successful.
Human being is a great aptitude for imitation
What’s innovative about copycat business?
Every entrepreneur is different from others. The only system can be a copy, not resources, not the setup and not the prospectus. If anyone knows about a successful business system and wanted to be successful, then speed and investment strategy can give the next level.
There is not required to re-invent the wheel again, the sum of efforts and passion makes you successful. The innovative part is the passion you have to do it successfully. Copycat should be an effective and sustainable strategy for entrepreneurs.
Why should you use copycat success business model?
Copycat business entrepreneurs are going fast, go strategic and replicate the business model. Copycat business is easy to start, fewer efforts needed and no need to struggle with hit and trials. chances of failures are almost none if exact business model copied and implementing a process in the same way.
Limitation of copycat business
When we talk about limitation, we should not forget about our objectives and goals in copycat business. Two entrepreneurs have different goals and objectives. Their actions depend on their personal experiences and vision. Copycat is good when you know about successful business model very well else you will ruin all your ethics due to lack of innovation. If you want to develop the unique concept, you should not go ahead with the copycat business model. You should not start copycat any business model without inspecting the proper system.
Business model where copycat appreciated
Direct selling is dependent on copycat business model. In this business, Product selling model is one to one and first use then serve basis. Leaders make a group and show how to sell the product in a particular way, selling process will be copied every time. followers do the same and get success in their life.
Trading business or distribution also work on copycat business strategy. Every small distributor network wants to become a wholesale distributor. they do better with their leader, they attend seminars, local meetings. They associate and make things happen.
Network marketing also based on replicate business. This business structure appreciates copycat business formula.
Franchise business model based to provide same quality product or services of their parent company. you need to follow your parent company guidelines.
How can you succeed with the copycat business model?
If you read this line, it means you are extremely interested to start a copycat business model. but how you can start is the biggest question in your mind. here I am going to reveal this.
1. Find a business model
At very first you should find a business model what you start to copycat.
2. Find a leader/mentor
Find the leader in that business and know how they work? you may know about their products and branding strategy via social media and other promotional activities.
3. Inspect their working style
How they actually did the things is most important and for that, you should inspect their working style. business setup and their revenue model are also the important factors when you are going to follow.
4. Start follow their guidelines
You must start to follow your leader and their guidelines. you may disagree with some of their terms but remember your vision is to be a success with a successful business model. you should take care of it. you may ask the reasons if you feel uncomfortable with the process.
5. Progress check
You have to check your progress in a timely manner. either in monthly or quarterly. this will put you on track. you should re-inspect your own business and compare with your ideal business model.
6. Discussion with your mentors or leader
Makes a list where you want to improve and healthy discussion with your leader to do better. ask process with them and update yourself.
7. Stay motivated
You should motivate when you copycat any business, listen to success stories in your business. Read books and meditate yourself. This will give you the inner strength to build your business faster and better way.
8. Enjoy Success with legal aspects
Do not execute anything which is illegal or beyond your objectives.
9. Make your own prospectus
If you develop some more prospectus leading to you, you will know more lacks in your business. help them to do better. you will know more if questions arise. you will develop your own network.
There is the universal law that things work, if you seed then you reap. 1 action is louder than 1000 words. you should do better in that manner.
Related Atricle: What is the Business Model? How does it work?
In conclusion, you should go with copycat formula when there is exist profitable business model and revenue model. do not play with anyone’s business ethics and do it in legal terms. If you have any more ideas or suggestion for the same, just comment and share this blog with your friends.