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by Leftium
815 days ago
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https://startfromzero.com "Where Entrepreneurs Get Their Start When They Have No Ideas..." Dane Maxwell teaches/uses a concept called Idea Extraction: 1. Pick a niche. 2. Contact that niche and let them tell you the pains worth solving. Idea Extraction is a form of market research, which is important to ensure you don't build something no one wants to buy. However, I would argue marketing/sales is more important than the idea itself. You can make money selling products/services that already exist; no need to build something new! For example, one common mistake is to start marketing after your product is completed; you should start marketing even before you begin development! --- Amy Hoy teaches a similar concept, which she calls "Sales Safari:" https://shop.stackingthebricks.com/sales-safari-101 (Also take a look at the full course: https://30x500.com) |
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This implies you think selling something "new/different" will be easier to sell. But that might not be true.
- Competition is good because it validates the product/service. It means there is a market and people are buying already.
- "New" things will also have competition (in a different form). Your prospects will likely already have a product/method for accomplishing the thing your product/service provides. For example an air conditioner doesn't just compete with other air conditioners. They must also compete with other ways of cooling like fans or even water.