My Mind On Paper: Proven Formula To Create Products Under 3 Days (The Home Entrepreneur)
We need you to be wildly successful… it makes the economy happen. Thank you for this amazing list. It is giving us some great inspiration and ideas for our franchise. You are very welcome Deanna. Best of luck in your marketing efforts. Please tell me what marketing decisions you make and what the results are…. Excellent ideas Mike! Gives out thorough ideas on how to market your business further! Thanks for sharing! Thanks Erik. I hope you can use them in your business. I am just launching a business for the first time and marketing is without doubt the most confusing part about launching.
I do have a question though. Which of these would you start with? Obviously using all of them would be the ideal, but what do you think has the most impact in driving customers to your business when first launching? Good question. If you can do it quick and easily, with no cost — you can quickly measure the return.
If it fails you can then try the next. So there is no single one I suggest for everybody. I simply suggest that one that is easiest, fastest and cheapest for you. Start there. Would you mind keeping me posted on what you do? I would love to hear about the results. Obviously it takes time but google Adwords and leaflets should show some results quite quickly. I should be able to measure their impact within a month or so. Thanks for the consideration… but please DO share the link. Great ideas Mike!
Thanks for the note. I am happy you are on the constant look out for new ideas. You gotta grow or your gotta go, as they say. Mike this post is truly remarkable. You could do a book on the stuff in this post alone. I am still in the early stages of figuring out what business to start. These ideas are an awesome way to figure out where market opportunities are. Thanks for sharing. These are actually very helpful! Definitely open to trying out new things. The web series is awfully tempting! Found this page thru an internet search and love the content and overall feel of your site.
Especially the home page! The way it is working now I may not come back. We have become familiar with a number of excellent things the following. Undoubtedly value social bookmarking for returning to. My partner and i delight how much attempt you place to generate a real wonderful beneficial web page. Rise in popularity of any system grows fast when fueled with prevalent acceptance associated with masses. Admittedly they are doing this some more quickly compared to you may in a browser depending on your very own phone nonetheless they do not incorporate a great deal function whatsoever.
Another great article, Mike! Good list of marketing strategies to keep in mind. Going to put in practice everything I learned. Be Blessed!!! Excellent and comprehensive list. The challenge, I think, is helping businesses cherry pick from among the options as to where to focus their energies for their respective companies. Good stuff! Nice sumup, thanks. Another one of your masterpiece! This is important in your online business strategy, may I add that if you want to be more focus on the most important activities of your business, you can outsource your business to a virtual assistant from workunite, they bring to the table years of experience in online marketing and any other projects.
So, you can trust them to do the job better with their years of experience and understanding of the industry. You can be assure of increase in productivity. If you are going for finest contents like I do, simply go to see this web site every day for the reason that it offers quality contents, thanks. Provides excellent information about the best marketing strategies for the small business which helps the business people to handle the business. This was a great article with many useful strategies. I thought I would give you another idea to add to your list.
A marketing strategy that might be useful to businesses that offer a service would be a referral program. Either offering a discount or a reward for getting your company new clients. Great work, quite instructive and clearly explained. This is helping a whole lot of small entrepreneurs who is having challenges marketing their product and service. Thanks a lot. God bless you. I have been looking for ways to market my business, and am happy that today is the day things are turning around for goodness. I will post the here in future coz there is no way I can fail with 50 different ways.
Awesome information thank you so much. I am holding a workshop in May and this information is great for my marketing and networking segments. Great article! Formulating a marketing strategy should be one of the top priorities in a business, especially if you have a mid sized business and this is a good basis in which steps needs to be taken to build a strong business plan. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
February 11, Social Media Marketing Strategies Social media is about connecting with the people in your niche: customers, potential customers, people who are interested in what you do, or who share similar interests and circles or hubs with you. Traditional Marketing Strategies Blog Tour Blog tours are like book tours, but without all the flying and cheap hotels and fast food temptations.
Web Branding Marketing Strategies A web presence is more than just having a website. To get found for the good stuff, do this: Keywords Statistically, 3-out-of-4 Internet users live in North America, making exposure on the web critical. Join forces to create posters, contests and other things that benefit all companies involved.
PR Marketing Strategies Blog, blog, blog and blog some more. Mandatory Reading! Outstanding post Mike! This is going on my bookmarks immediately! Thanks for compiling. Very useful information here. Thanks for sharing the knowledge will be of great help. Happy it helps! Wishing you wonderful success in all your marketing efforts. Fantastic stratergies for new businessmen like us… hats off mike. Outstanding ideas Mike, I am going to implement as much as I can in my own business….
Awesome Mike! I am so happy you like it Rich. Please tell me what results it brings to you! Great tips! Thanks a lot, gonna utilize a lot of these ideas. Pingback: The Marketing Flywheel. Excellent article.
Pingback: Does the business improve the life? My Blog. Pingback: Concept Of Marketing Strategies. Fabulous, what a weblog it is! This idea can be applied throughout life. Another common one in the worlds of psychological and behavioural economy is confirmation bias. It hurts our ability to keep an open mind and shift our opinion. When we have a held belief, we typically look for information that confirms our opinion while ignoring data points that tell the opposite story.
That means we need to always look for conflicting evidence and, from there, make judgements based on more well-rounded information. When you have to make an important decision and happen to be in a bad mood, you should hold off. Instead, wait until you cool down and can think more clearly.
It will remove the outside influences and let you think more rationally. Instead, you want your brain to work automatically. That can be extremely problematic in situations that require effort. Through his first few weeks, John does a few things well at work, but he also does many things poorly. The halo effect — brought on by his wonderful interview persona — could cause me to ignore his poor attributes and emphasise his good traits. This can be detrimental to our ability to make judgements about others.
We have to realise our biases toward certain people and eliminate them. It gets easier over time and will, ultimately, make you a more effective decision-maker — personally and as a business owner. Here's why — and how you One of an organisation's biggest overheads is that of salaries and wages.
How to Create a Million-Dollar Business This Weekend (Examples: AppSumo, Mint, Chihuahuas)
And yet, if these are not processed on Connect with us. Share Tweet. Big companies have achieved even greater rewards by managing their risks. Liquidity Risk Liquidity risk is the danger of not having enough cash on hand to meet expenses and obligations as they fall due. Counterparty Risk Counterparty risk is the danger that another person or company fails to deliver an essential good or service to you on time.
Reputational Risk Other businesses and individuals are also worried about the counterparty risk you bring to their deals. This is reputational risk and making sure every customer is satisfied can reduce it. If you have time, go back to old customer issues and see if you can sort them out now. A better way than managing the outcome of a mistake is to prevent it in the first place. External Risks You could be the best entrepreneur in the world with the greatest idea, but it could all end tomorrow due to external risks.
Related Topics:. Michael Jordan. You may like. The Importance of Outsourcing Your Payroll. Thinking of Immigrating to America from SA? Now Is The Time. Click to comment. You must be logged in to post a comment Login Leave a Reply Cancel reply You must be logged in to post a comment. Published 7 months ago on Nov 28, By Higor Torchia. Who are your target customers? Instil this information in your staff. Include details on personnel conduct, pay and scheduling, store access, conditions of employment, store policies, etc.
Include information on conduct, customer service standards, lost and found procedures, and dealing with difficult customers. Also, provide detailed instructions on how to handle theft and shoplifters. These tools likely come with their own manuals, so make sure that employees know where those documents are and how to contact the vendor if required. Include the contact details for the individuals or entities that your store deals with, including vendors, suppliers, business partners, contractors, etc.
Also have a list of emergency contacts, such as the local police and fire department, as well as medical facilities in the area. Appoint a second-in-command Pick a second-in-command or 2IC to take charge of the store in your absence. Do a test run When should you start planning for your absence? Continue Reading. Business Survival Stop Surviving And Start Thriving In Business It will inform your operations, which will inform your human and asset capital and lastly, the financial investments you make. Published 8 months ago on Oct 22, By Betsy Ings. Market Penetration: Market penetration has the least risk of the four options.
Fantastic post Tim and great words from Noah. Been following him ever since. Maybe this weekend will be the big one! Thank you very much for this blog entry!
Business Idea Generator - Great Business Ideas
I am definitely a wantrepreneur with, what I feel is, a great idea for a new product. Is some type of provisional patent my only protection? Am I missing something very simple here? Any input from you guys or your readers would be greatly appreciated. Hey Chris! One of the comments above mentioned a book by Stephen Keys. Save yourself 10K and buy this book. Stephen and Tim are buddies. Enough said.
If you really believe in your idea, just go for it in small iterative steps — prototype and keep building it. That way your investment is not wasted and you learn early. Good luck! All right Tim you got me. I was laughing so much, it took about an hour before continuing the article!
Really amazing and inspiring post!
I just finished the 4HWW and set a 30 day goal. Might as well set 14 day goal as well! Tim that was an amazing article by Noah and certainly does deserve a round of applause. Quickly correcting course I found it useful to take notes on elimination to get me to destination automation. Suggestions for an app developer? I had my own iPhone app outsourced. I found them on Elance. If you want to know who I used, contact me through my blog. Can help answer your questions via email.
What a great post you cover all the angles from coming up with the idea through pricing to final validation of the offer. Have tweeted this and if technology is behaving this should now be safely stored in my hootsuite library. The Google Insights and Facebook Ad data is invaluable. I feel like i should be paying for all this great content.
Time to start thinking. Did I miss something here? Was imgur. PJ — Appsumo is like Groupon. Companies in this example imgur. Pure Gold, here guys. Thank you! This is like a master class in actionable brainstorming! How that leap was made from idea to reality is the stuff of new businesses, I think. Thanks Tim and Noah for a great post! I know my online dating business can and will work but just needs more conversions.
What were they paid to do? Build a basic prototype? Hoping you and maybe some readers can help:. D: To be the boss instead of the employee; to be in charge. NR: To be neither the boss nor the employee, but the owner. To own the trains and have someone else ensure they run on time. These also tend to be the best employees.
If you want to help just make sure you create a secure business model that will also provide them with security. As a female business owner, I have struggled with this myself. I have great relationships with my employees, and I have their best interests at heart. My housekeeper for instance is trying to grow her housekeeping business which I am helping her with. My virtual assistant just had a baby, and she is able to stay at home with the baby while working for me. It really is a win, win for everyone I employ- even the people I hire for a quick freelance gig here and there.
You have to understand that there are a lot of people who are not cut out for small business ownership. It takes a lot of determination and dedication to make things happen, and there are plenty of folks that want to show up, earn a paycheck and go home. It might help you to start out hiring an established company first before hiring an individual. Start small, figure out what you are getting yourself into, and make it work.
I feel like this is essentially a services-only competition. If you get people paying you through Paypal, you can just issue them a refund, if you cannot build the product in time. It just needs to make money and, hopefully fulfill the muse in you. Sure you could. What incredible insights, and a million dollar blueprint revealed here… So a huge thanks for sharing! Now, to stop reading and start working on my idea! Not to be a downer, but I found a bit of a flaw with the chihuahua example Noah used. Most of the trends are from the city of Chihuahua, not exactly related to the dog, the market for pet owners of may be much smaller than initially thought.
It almost sounds too good to be true. The person doing the research has to validate the results. You figured it out quickly, however, someone else might have not been as sharp and only discovered this little fact later. If they followed all of the steps they still would have discovered what you found and, maybe, not moved forward. The latter three, which I picked from the list at random, get 27,, and 5, monthly searches exact match, which is much more conservative than the global match Noah used for the chihuahua root keyword ; chihuahua mexico only gets 9, searches—much more than chihuahua breeder, but far less than chihuahua trainer, and in the same order of magnitude as chihuahua for sale.
Another place to look for ideas to create products or services is eLance or similar sites. Got some ideas from there myself. Awesome read! I love all your muse articles and feel extremely inspired everytime I read an article like that. I just picked up your book again. First bought it in 07 when it got published. Have there been any major changes to the book Tim? Or does anyone know? Hoping that the 4HWW book from 07 is still relevant for my reading now. Hi Tim and all Wantrepreneurs. Great post from Noah, woke up again the 4HWW spirit.
I have some analitical info for you guys, hope you find this useful. I tried to do everything according to the book, step by step. I did the 3 pages myself, I outsourced the 3D visualisations on Elance. So here are some statistics:. The only WRONG thing I did was to assume that searches for my term taken from google keyword tool would be enough to make this profitable. I hope this will help you guys. Cause to be honest I would love to read more comments like the one I just wrote:. Thanks for the correction. The card case concept you came up with is super cool. Could I ask something though, how did you source for a manufacturer for a product like that?
And also, did you launch the website before the final product was made? Or was your entire product line out before you launched the website? Daniel, I did not arrange the phisical product. If you read the book first you should test the idea, and thats what I did. And as you can see making real product would be a waste of resources and time. You have a different problem—you based your search traffic on the wrong match type. But getting to 1 in the serps would take a lot of link building, and PPC would probably wipe out your gross earnings. Yes, I know it now.
But it was still great learning expierience. I have few more ideas lined up, will keep you posted with some more stats. Because statistics is what we all need to stop dreaming and start doing some work with the good ideas we all have in our heads. Well then, fantastic job with the design!
Do you have any other websites you designed I could take a look at? When we originally tested the product, we had probably a third of that number due to low AdWords budget, but were still averaging a sale a day as measured by inputs into the shipping info field on the price page at 40 bucks — the same price we have now. It seems like your multi-step checkout process would be great for customer trust.
Is that a 3rd party checkout cart or something that you set up yourself? All my card games these days are either on the machines or online.. You can find this info by setting up a Facebook Ad campaign. Go ahead and create an Ad. At that point you can either save the ad for later use or just delete it.
Facebook collects all kinds of demographics, that Facebook users willingly provide, that you can explore. Just play around. Does that make sense?
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So long as they are proficient in one area thats the main thing. I think with a social networking site you want to look at the quality of design, style, graphics, so same as before, go to their portfolio, test out their sites for real. If you are creating a social network in the usual sense there are sites where you can pay per month and use their existing software and customise it for your own brand. Just do a search for Social Network Software i.
It sounds like you have done a couple of social networks. I am currently working on getting one built. I have a couple of questions about this as it is my first time building one. Could I pick your brain? According to my understanding, AppSumo and Imgur. But those two services are different! Why will he assume the result from Imgur. By the end of the campaign, we had sold more than Imgur pro accounts. It took me a second to figure out what he was talking about, too. AppSumo is similar to groupon, they need a service to sell. Noah promised to pay him for sending him paying customers because people were going to pay upfront like groupon for discounted pro memberships.
Noah just needed permission to do this. Great article by Noah. Tim, obviously you are passionate about fitness and sports performance as am I. I have an idea that will make training using exercises such as Rear Foot Elevated Split Squats, Step ups, Box Squats, Dips, Push ups, and more, much easier to set up and more precise and effective for any individual. I would like to stress that,. Regardless what you want to do success is denoted by motivation.
Simple as that. And of course if you increase your knowledge, experience, and read a lot. Nevertheless, having motivation is by far key. Getting up and accepting the blows of life,. As well as being emotionally competent. And actually just getting a little bit angry with life and grabbing it by the collar, so you can achieve what you want. Great presentation from Noah Kagan! I am so intrigued by his wit and intelligence that I did a search on YouTube. By the way, is this presentation video taped?
I wish it was as I am a visual person I absorb better with help of pictures or videos. A suggestion, I m just saying. This is a great article. Thanks to Noah for all the great info! I believe he was only validating the idea of users buying software on a time constraint, saving him future time and money on product development.
So he was basically just an affiliate?
Business Idea Generator – How to Come Up with a List of Business Ideas
Is that it? What confuses me, is why Imgur would see this as a really good deal on their part. Surely it would be more worthwhile to do their own discount and keep a higher profit? This got me thinking too. He probably convinced imgur to be able to reach a wider audience and if he reached a certain number of sales imgur would offer a discount to his customers. This, then validates the idea.
In which case it would negate the idea he is trying to validate. This is all fine and good for people trying to make a buck off the internet by riding coatttails, but its Greek to everyone else. True innovation often seems to get swamped by people who are so eager to jump at the the latest development for personal gain…. What makes this post great is that it is actionable, which is quite hard to find.
Thanks for providing useful content. Everytime I see wantapreneur, I see wank-apreneur — which I guess amounts to the same thing right? But yesterday I had my best sales day since I opened up shop not including day 1 because I had pre-sold. Several weeks ago, I got the random idea to put together an ebook to help noobs do what we were doing with the 2nd muse.
Thanks for posting this blog, it was the kick in the rear I needed to get going. Loved that post… exactly what I needed at the right time so happy I came across it.. This is a fantastic read. Go boys and girls! I agree, that is a great post. Should I still try to sell my idea? Finding the initial idea is definitely the hardest part, I know once I have my muse everything else will fall into place.
As of Friday I got the go ahead to work remotely from Australia dialling into the UK and a pay rise to boot. This is an exceptional post with concrete tips and steps for developing a muse. Your best point in the post is that a new product need not be comprehensive, but instead start with the essence of the product and build from there.
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This mindset helps me take action. Awesome article! Thanks for sharing! Great post guys, I am moving forward with my idea. Tim, I need an actual product manufactured and at some point shipped etc so any help for support on that end would be greatly appreciated.
Never saw such an actionable post from such an experienced and well known person.