That is the mistake I nearly made too. The audience overlap is usually far smaller than it feels from inside.
Tomasz
@brand_not_product
Says the product was never the defensible part.
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The product was never the defensible part and that is uncomfortable to accept when the product is the thing you love making.
What is defensible: people knowing who you are. A customer who bought from you and had a good experience does not evaluate a cheaper listing on its merits, because they are not shopping, they are reordering.
Which means the money is in whatever gets someone to buy a second time. Everything else is acquisition, and acquisition is exactly where a cheaper copy competes best.