Your business description is an explanation of what your company does, the industry your business is operating in, and what differentiates your business from others.
Written by Tim Ferriss Topics: Entrepreneurship Noah Kagan built three multi-million dollar online businesses before turning He also looks great in green. We were both in hoodies, had a shared penchant for the F-bomb and burritos, all of which led to a caffeine-infused mindmeld.
It would be the first of many.
The matchmaker then introducing us was the prophetic and profane Dave McClure, General Partner of Start-upswhich is now headquartered just down the street from Red Rock. Noah has quite the start-up resume.
The purpose of this post is simple: We made the original product for Gambit in a weekend. Same deal for AppSumo.
Find your profitable idea. At this stage, you are simply looking for something that people are already willing to spend money on. So grab a seat and write down a list of ideas that you think might be profitable.
Review top sellers on Amazon. Find products that already have guaranteed customers, then build something complementary.
Think of all the things you do on a daily basis. Anything done more than once has potential for a product or service to improve the process. For me, one of those products was a mirror I could hang in the shower.
Be cognizant of products you use and frequently complain about. Before Gambit, we were constantly asking our payment tool partners for certain features, yet our requests were always rejected. That was the impetus for us to create Gambit for our own games.
Check completed listings on eBay. This allows you to see how well certain products are selling. Look for frequent requests on Craigslist gigs. These listings are from people actively searching for someone to give their money to in exchange for particular services. Try searching for certain keywords e.
Evaluate the most popular keywords and see if you can create a product or service around those requests. Explore popular backed projects on on Kickstarter.
People are already raising their hand for things they are interested in. See what people are wanting on Reddit. So many times in the DIY sub-redditI see people asking to buy what someone just made.
There arehundreds of potential customers asking to give you money. Listen here to help come up with more business ideas.
With Google Trends you are just looking for relative significance. If you are targeting dogs this will show you which type of dogs are the most popular. You can do this in other verticals like should you build for Android or iPhone or should you put your software on Shopify or BigCommerce.
Alternatively try out the keyword on SEMrush to see how the search volume looks. Lastly, look at the total number of people available on Facebook for dogs: Not bad, not bad. Some other groups you can think of targeting: Local cities Austin, Boulder, San Jose Narrow interest groups disc golf, fat tire mountain bike Demographics Jewish people who live in South America, Indian people who live in Sydney You can also see if there is a large property that you can piggyback on, and funnel traffic from.
Macheist shares their sales revenue publiclybut you can use your own business acumen on the CrunchBase or Angel.Here is the comprehensive guide on how to write a business plan in Nigeria or Africa to start, run, and grow a successful business anywhere in the world.
Anyone can have a great idea. But turning an idea into a viable business is a different ballgame. You may. Interested in starting a Medical Marijuana Business? We don’t blame you. The retail pharmacy industry can be incredibly lucrative.
In fact, over a quarter of U.S. medical marijuana dispensaries report earnings of a million or more per year.. Dispensaries at the top end of the earnings spectrum have thousands of loyal patients, professional . Noah Kagan built three multi-million dollar online businesses before turning He also looks great in green.
(Photo: Brandon Wells) I first met Noah Kagan over rain and strong espressos at Red Rock Coffee in Mountain View, CA. It was The Republican tax reform plan leaves many tax-avoidance schemes untouched.
Inside the cottage industry that’s cashing in on one of them. Download FREE Industry Information when you join the Million Dollar Newsletter.