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Find a solution to a common problem (BUT HOW?)

Discussion in 'Planning Your Business' started by Tagging, Nov 3, 2014.

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  1. Tagging

    Tagging Member

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    So I was always told the simplest ideas are the best but I want to know how do you go about cleverly finding people problems without asking them directly?
     
  2. Pasha

    Pasha Member

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    First you would want to pick a niche, then google and find main forums related to that niche, then you can analyze the questions people are asking in these forums and find problems they are trying to solve. And it all would be much easier if you could write a software program which would automate this process. All you would have to do is enter a niche and the software would do the rest. And if you could make it in the form of SaS (software as service), it would solve one of the maine problems for entrepreneurs (How to find a problem, people want to solve).
    That's what I think. And if I knew how to code I would have done it already. May be someone else already did.
     
  3. Brian

    Brian Member

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    From an Internet marketing perspective, consider creating a survey funnel online. Ryan Levesque is one of the survey funnel specialists I know. See if you can find stuff from him.

    No guess work. Down the funnel, collect data, collect leads, call people, ask questions, then develop the products for the audience.
     
  4. Tagging

    Tagging Member

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    How do you establish a niche where there IS a need?
     
  5. Brian

    Brian Member

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    Manufacture demand. If you figure that out, you can begin building a business!
     
  6. Mr.Trep

    Mr.Trep Member

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    Lets break this down...

    You are correct that the best ideas come from people's problems. As an entrepreneur, you don't need ideas. Shocking, I know. You need to actually reach out and chat with people either over the phone or in person.

    Pick an industry and be very specific. For our example, I'll be using Real Estate Agents as my target customers. I have no idea what their problems are so I need to find them. I reach out and schedule either a phone call or an in person meeting over coffee.

    My goal of these conversations is to ask the right questions and listen carefully. I may ask questions to better understand what they do on a daily basis and then focus more on which tasks are the most painful. If 10+ people have a common, painful problem, I have my business idea.

    Now I want to validate that they will actually pay for a solution. I've already found a way to solve their problem (via SaaS app, Service etc..) so I ask them to pay for the solution. If it's painful enough, they will pay right there. If they won't, ask what it would take for them to pay you to solve their problem.

    Repeat this process as many times as possible to find at least three paying customers before building your product or service.

    Congratulations, you now have a profitable business!
     
    Michael007 and Phobia like this.
  7. webpreneur

    webpreneur Member

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    It depends partly on the niche and the type of products you want to create. If you want to create digital products, then researching online is good, as well as polling your email subscribers. Read forums in your niche and see what people are asking.
     
  8. Flintrock

    Flintrock Member

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    Good response.

    Just out of curiosity, how many cold calls do you make before someone agrees to meet? Or have you gotten into a group where you are pretty familiar with individuals that could use your services?
     

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