How do I connect what I can build with a way of living?
I know how to make an APP? how do I make a living out of it?
Best Answer
If you have some skills for building an incomplete product, you may consider joining a platform where your skills can be exchanged (like Fivrr). Or you can REBUILD an app or an electronics product that is already selling ... therefore you don't need to second guess if people need it or not.
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Startup Lingos To The Point
choice
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Bold is do the right thing that no one agrees and hard. Stupid is to do the wrong things that a few agrees and impossible.
business plan
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business plan
business plan and exit
The plan to reach the exit, including unknown uncertainties that will surely happen.
business model
business model
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value proposition
value proposition
How much do I have to give my audience so they can pay me something in return? What do they value? what problem do they search for answers on your own? I want to solve that problem.
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passion
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investment
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founder
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chance
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sales
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Marketing makes the first sale happen. The sales department work on the rest.
value
Largesse
A general or CEO or founder who is tolerant and generous. Someone who recognizes own mistakes. Someone with big heart for hiring people better than him.
brand
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Brand means name recognition. A lot of people knows what your company does and what you stand for. Brand is result of long campaign of consistent value provision and media cultivation. Brand helps a company reduce marketing cost.
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Whether there are buyer willing to pay or not. For that to happen you must provide extreme value. The entire startup process would be based on guess before the validation. Validation happens in a market, not on the street.
value
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Value is what you give customers beyond the price you charge. Value is effective solution to a problem. The price your customer pays reflects whether the problem is big for them and whether your solution is uniquely effective. Value stems from quality and detailed work.
marketing
Marketing
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invention
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A "MVP" wanna-be that is still at the widget stage. Lacking ability to demonstrate effects, only projected effects.
lean
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Minimally viable business, or MVC, minimally viable company. A company that scrapes by, full of guess and hope and no traction and sales. When you give your customers things for free they all take it. But they never pay and you can never rent a table at the market.
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mission
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Company culture is based on a company making money. Once your workers are paid, they need to have a mission and aspiration so they are not bored everyday and make trouble in the work place.
focus
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Tell people what you stand for, clearly and loudly, and those who like you will come to your stand. Others will walk by and shake their heads.
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Bold
Veterans do things their way, because they know all the naysayers are just beginners and by-standers.
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Onlyness
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Fame
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investment
Company valuation
A company valuation is cash investment divided by the percentage. As long as your story is good, the valuation will keep coming, and the investors will keeping falling into the line.
investment
Return on investment
Investors are either behind family fortune (never work with them) or for rich clients as investment vehicle. Both need returns 2-3 times better than stock market darlings.
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solopreneur
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traction
traction
Having found what people want, not just what people may need. Your offering and their acceptance is sure, no longer a guess. You can provide it for profit, and you can indeed making living on it. Traction is sometimes called validation. You are no longer a theater. You have touched nature, and found cash vein.
mission
mission
Things to make sure the founder will not fall into despair, boredom or get distracted during the long execution even in face of repeated setbacks.
disruption
Game changer
A new value provision that causes supply chain to move and customers getting more value for the same price.
mission
Mission
Mission is how to beat loneliness during startup, mission is why your employees get up in the morning.