what problems do you have that I can solve?
Since the best business ideas often come from solving a problem, it would be very helpful to hear about your everday problems or general frustrations.
Thx and stay save
I don't like to take showers but I want to be clean. :-)
You're getting nonsensical answers because it's kind of a nonsense question. I know it's the most basic thing that some book has said..... solve problems but all the basic problems are being solved have been solved we've got a million other problems that are too niche to be solved, or are just part of the hassle of doing business.
You've got to dig deep into a business to understand how it works and then have a vision to come up with new solutions that we don't even realize we need sport problems that we don't even realize we have. That's how you're successful.
unless you dig deep and I really in there and you really understand and feel the problems that we have, you aren't going to be the one to be able to solve them. You can't just fill an order from a list and expect it'll be an Elegant solution.
The key to get into the startup mind set is to identify 1 Whose love do you seek; 2. What value do you give them. Value means you give me what EXACTLY they need for nothing. Value is a strange word. Value means "extreme bargain", not "fair price".
Let me give you some examples:
For example, here is my list of problems/needs/wants/hidden desires what ever you call.
I want to go back in time to when I was your age.
I want to have fresh milk sent through faucets into my home, so when I click a button it dials between tap water and milk;
I want my salary to be twice as much and my problem is my boss does not appreciate me;
I don't like going to grocery store and spend all that money, I want price halved.
Ohm I some times lose track of my wallet and have to spend 30 seconds in agony finding them when I am about to get our of the door, so I really want my wallet to never lose.
I am kidding, but I hope you get it what it is. You never win by asking people what they need. If you give me a key tracker and leave it for free, I would throw into the garbage can the minute you leave. If you tell me you will get back to me in 2 days to check how this free thing go, I would pull a gun on you and ask you to leave. (again kidding just to get you to understand). I bet you would do the same thing.
Again, use dating analogy. Don't ask a girl what movie she likes to watch, what pizza flavor she likes, how many kids she likes to have and so on. Just buy a diamond and propose. If the answer is no, then move on.
It is a stupid analogy, but the only way to solve someone's problem is to provide the solution and wait for the verdict. Any pre-arranged interviews won't work. You need to know the art of walking in the dark.
I hope it clarify for you. I had the same question as you. After I lost a few times, you know there is no mystery. There is no light bulb moment. If you want your audience to love you enough to pay you some cash, then love them, really love them. Pick the people you want to love, and pour your heart out. Be you. That's it.
Question asked by
May 13, 2020, 6:38:28 PM
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How to turn an interest into a money maker. How to attract people, how to stimulate people to pay, how to make profit, how to make relations, how to keep relations.
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.
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.
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 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 means bring your product to the market and bring your message to your customer. Marketing is not salesmanship. Marketing is to penetrate the world of commerce through many barriers and existing networks.
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.
Minimal viable product. A full artifact of a real product. Something that works ALL THE TIME. You can demonstrate the real effect on real people - not to sell hope. The MVP may not have certain non-essential bells and whistles, but it needs to have appeal value.
Customer is king
A business lives at the mercy of its customers. You provide your customers 10 dollars worth of value and they pay you 1 dollar, not knowing that your company only costs 99 cents to provide the item. The value is not the item - the value is what is attached to the item.
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.
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.
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.
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.