First-Mover Advantage is a market entry term introduced by Marvin Lieberman, UCLA's Anderson School of Management and by David Montgomery in 1988, who describe the benefit being the first in the market. But will Pinkberry be strong enough to compete against a growing competition? In a short photo story, I like to illustrate the fast growing frozen yogurt market in summer 2007 in the Westwood Village, Los Angeles, California.
Pinkberry rented in Westwood a popular spot next to Subway restaurant and close to Peet's Coffee. The customers lined up to get the pink frozen yogurt. Established ice cream and frozen yogurt places closed down their business in Westwood.
The competitors copy the brand name concept. White (snow) or red come after pink and mango replaces berry. Who will be the strong second in the market.
I have spotted a third in Westwood, who has not much to offer than being white instead of pink, the name is Snowberry. But isn't it supposed to be called Whiteberry, or Snowball. The name is confusing and who in the world is attracted by snow in Los Angeles, aren't we living in Southern California because it is warm, sunny and dry all year long. I doubt that this business will flourish in the Westwood Village, also because of its hidden location. We probably stay better with the Mountain Snowberry's botanical description by the University of Utah: "Although not highly nutritious or palatable, mountain snowberry is frequently one of the first species to leaf out, making it a highly sought after food in the early spring. Use by livestock and big game is moderate throughout the summer and declines in fall." Will Snowberry decline already this fall?
I am sure, blueberries or pink apples will fight for market share in Westwood pretty soon and the yogurt war will continue. Newcomers might benefit from Red Mango's future negative publicity. Fact is, they do not serve mango flavored yogurt, just the traditional white one and a green colored green tea flavored one. Of course they offer mango pieces as one of their toppings. But as we all know mango fruit pieces are orange not red. Only Redo Mango's raspberry and strawberry toppings are red.