It happens all the time. Actually you should be worried if it doesn't exist (it may mean there's no market for it - however another website doesn't imply that there's a market, but it's a clue). Also, you will know what to copy and what to do better!
It's funny you say that. I made a website last summer targeted to freshmen entering college. There was absolutely no market, so it did really well and got 150,000 visits in one summer. I got an offer to buy the site (for a couple thousand) and said no. The guy ended up creating his own site and out did mine in every way. That's partly why I decided to work on a new project mid-way through the summer.
yes, it can also happen you discover a new market. In that case, great :-) However, I think many developers make a mistake of doing something that has absolutely no market...
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It happens all the time. Actually you should be worried if it doesn't exist (it may mean there's no market for it - however another website doesn't imply that there's a market, but it's a clue). Also, you will know what to copy and what to do better!
It's funny you say that. I made a website last summer targeted to freshmen entering college. There was absolutely no market, so it did really well and got 150,000 visits in one summer. I got an offer to buy the site (for a couple thousand) and said no. The guy ended up creating his own site and out did mine in every way. That's partly why I decided to work on a new project mid-way through the summer.
yes, it can also happen you discover a new market. In that case, great :-) However, I think many developers make a mistake of doing something that has absolutely no market...