Market Domination
A Photograph of the First Safety Razor Invented by King C Gillette, circa 1901. (Photo by Fotosearch/Getty Images)
Whenever a new invention comes out and becomes successful, copycats and competitors will do all they can to try and take a slice of that success. Gillette had a lot of rivals and competitors, but due to his shrewd business sense and the speed at which his company had grown, he was able to outmatch them all. He had to spend a lot of cash and effort in protecting his patents and even buying out his rivals, but by 1910, his brand was by far the dominant force in the razor business, and he had millions of dollars to his name.