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Saturated Is a Word About Catalogues

“Saturated” usually describes a catalogue, not a market. Courses are not the unit of competition, and most of what you are counting has no audience.

Justin Allan, NP4 min read

A street of identical cluttered vendor stalls with no customers.

You found four courses on your topic and concluded the market is saturated.

I want to reject that word, because what you actually did was count a catalogue. Saturation is a statement about how many products exist. It tells you almost nothing about how many businesses are competing for the person you want to sell to, and those are different numbers — usually by a lot.

Work through the branches below and you will generally find the field is emptier than the search results suggested.

First: is what you teach actually proprietary?

Answer honestly, because most people get this wrong in the flattering direction.

In professional education, what you are teaching is almost certainly not proprietary. The information exists. It is in textbooks, in journals, in someone's course already, and increasingly it is available to anyone who asks a language model a well-formed question.

If you were counting on being the only source of the information — stop. That business does not exist any more and defending it is a losing position. You are not selling access to facts.

If you accept that — good, because it means you were never competing on information in the first place, and the rest of this becomes much easier. What you sell is organization, judgment, sequence, and the confidence of somebody who has actually done it. That is what a professional pays for and it is not what a search returns.

Second: who is actually in the four results?

Look properly at what you found, because the answer branches hard.

If they are large, legacy, generic continuing education companies: you are not really competing with them and you should stop feeling like you are. They tend to do well for one reason, which is that they established themselves decades ago and own distribution. Look for their value proposition and you will often find there isn't one — the catalogue exists to supply required hours, not to solve a particular problem for a particular person. They pump out courses. They do not have an audience, in the sense of people who would notice if they stopped publishing.

That is the gap. Not better courses — a relationship they structurally do not have.

If they are individual professionals like you, with real points of view: now you have genuine competition, and it deserves respect rather than avoidance. Buy their product. Actually buy it, go through it, and take notes on what it does not do. Read what they publish. You are looking for the question their approach cannot answer, because that is where your version lives.

Third: how narrow is your idea, really?

This branch matters more than any of the others.

Competition falls away sharply as you get more specific. Broad topics in a large profession are crowded. The particular problem faced by one subset of that profession, at one stage of their career, usually is not — and the more distinctive your angle, the less company you have, to the point where a genuinely unusual idea may have no direct competitor at all.

If your idea is broad and there are four courses on it: the field is not saturated, your idea is underspecified. Cut it down until you can name exactly who it is for and what specific situation it addresses, then search again. The result will look different.

If your idea is already narrow and there are still four courses on it: that is useful information rather than bad news. It means the problem is real and people pay to solve it. Now the question is depth, which is the last branch.

Fourth: could somebody assemble your course from a chatbot?

This is the version of the moat question that matters now, and I would take it seriously.

If your entire offering is a competent explanation of a topic — the kind of thing a well-prompted model produces in a minute — you have built something that was defensible five years ago and is not now. Nobody is going to pay several hundred dollars for a tidier version of something free.

What cannot be reproduced that way is depth and specificity. The thing that went wrong the third time you did the procedure. The reason the standard advice fails in a particular kind of practice. The order you actually do things in when the textbook order does not survive contact with a real week. Real numbers from your own work. The judgment that took you eleven years and cannot be inferred from published material because nobody published it.

So the test is: if somebody asked a model everything your course covers, what would they still not have? If the honest answer is "not much," go deeper before you go to market. If the answer is "most of the useful part," you have a moat, and it gets stronger every time you publish because the library accumulates into something no newcomer can assemble quickly.

What standing out actually consists of

Put the branches together and the answer is unglamorous.

You are not going to win by having a better catalogue than a company with a thirty-year head start, and you should not try. You win on the two things they structurally cannot copy: a specific point of view about a specific problem, and an audience that hears from you regularly and would notice if you stopped.

Both of those take a long time and neither can be bought, which is exactly why the field looks crowded and is not. Most of what you counted is inventory. Very little of it is competition.

Go and look at your four results one more time. Ask which of them has readers, and how many of them you would still choose if you already knew someone in your position who had solved this and was willing to explain it properly.

That person is the business. Not the course.

New to all of this? The free masterclass covers the ideas the library takes for granted. Watch it — thirty-seven minutes, on demand.