Would my Big Business Idea work?
When you think of a new business idea, it is very common to get excited, tell everyone about it and jump right in.
However, it can feel pretty devastating when you put a lot of heart and soul (not to mention time and money) into starting a new business, only to find out it’s not going to work the way you envisioned.
Here’s is my thought process so that you can figure out if your idea is likely to succeed without going through the frustration of not seeing it working as you hoped.
NOTES FROM THE VIDEO:
Above I discuss that it’s not about
- The product/service
- Growing your list
- Having authority (not becoming an influencer)
- Not even about the positioning
After 20 years a Business Owner and Strategic Consultant, the thought process to decide on the right idea boil down to:
(1) Figuring out the market size – do a research. I suggest going to youtube and google and search for
- Hot topics, the how to’, where is the pain
- Find out where the ideal customer is hanging out
- Top channels or websites and what’s the user experience
(2) What are the sticky topics – where are the main problems
- You’ll find this likely in forums
(3) What are the revenue channels
- How key players are making money
- Subscribe to their list and look at what they are doing
(4) What relative marketing skills do key players have
GOAL: Before getting in any market, you need to know
- how the playfield works
- How do you make money
- What does the community expect, want and ultimately what do they really need
Want to dig deeper and bring the right #Idea2Profit?
On Wednesday, June 6, 2018, I will share with you my 7-steps process to decide & capitalize on your most profitable idea so that you can have a profitable business and impactful life.
In the free FREE MASTERCLASS #Idea2Profit next week, I will guide you through my process and challenge you to turn your most profitable idea into an offer ready to launch with confidence (no overwhelm here).
👉You will learn all the moving pieces that are required so that you know what to focus on next.
Because I will share with you
➡ Secret #1: The #1 Thing creative entrepreneurs MISS when choosing the right idea
➡ Secret #2: The 7 Most Talked About Topics in Business that will help you stay focus on the idea you select to bring to life as I use it in my step-by-step strategy
➡ Secret #3: The EXACT steps you need to follow, using my PROVEN system for Turning Your Idea into an Offer
Register here http://bit.ly/2kmOCPd and get the juicy details right away including a step-by-step workbook.
Your Productivity Coach,