What Is a First Mover and First Mover Advantages?

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Today, we will talk about what it means to be a first mover and the advantages and disadvantages that come with it. Being a first mover in the market can bring both benefits and challenges, and companies like Amazon and eBay have seen great success as first movers. From developing strong brand recognition to facing the risk of having products copied by competitors, being a first mover has its pros and cons.
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