Early Adopter

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Definition of 'Early Adopter'

An early adopter is a person or company that adopts a new technology, product, or service early in its life cycle. Early adopters are typically risk-takers and are willing to try new things. They are also often influential, and their adoption of new products can help to drive their adoption by others.

There are a number of reasons why people become early adopters. Some of the most common reasons include:

* They are interested in new technologies and want to be on the cutting edge.
* They are willing to take risks and try new things.
* They are influential and can help to drive the adoption of new products by others.
* They have a need for the new product or service.

Early adopters can play a significant role in the success of new products and services. Their adoption can help to create a critical mass of users, which can make it more difficult for competitors to enter the market. Early adopters can also provide valuable feedback to companies, which can help them to improve their products and services.

However, it is important to note that early adopters are not always right. They may adopt products or services that are not successful in the long run. They may also be more likely to experience problems with new products or services.

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