Location, Location, Location!

Sounds like something a real estate agent would shout at you while selling you a house, right? Well, sort of.

Just like a grocer may perform a location survey to determine the best place for their store, i.e. the corner versus in a back alley, as an entrepreneur starting a business it is absolutely critical to choose your location. And I don’t mean your office location, I mean your niche. I hate calling it a niche, because it implies something small. Uber certainly didn’t find anything small when it chose to redefine how calling a taxi works!

We faced this hurdle at Malwarebytes early on. When we built the product almost eight years ago, antivirus companies had already saturated the market. There was no room for another antivirus, not that we wanted to be one anyway. From the very beginning, we decided to position ourselves as another layer of protection, one that focuses on the most aggressive and unknown threats and we left the rest to antivirus. It was one of the best decisions we had ever made.

At the time, we had no idea the position (location!) was so important. The revelation came to me recently while reading The Granularity of Growth where the author’s research found that “a company’s choice of where to compete is almost four times more important than outperforming within its market.” Had we positioned ourselves as another antivirus, who knows what Malwarebytes would be today.