The best way to choose a fast-spreading project idea, the best idea is to have a lot of ideas and then choose one and go, the market does not care about you and the idea does not need to be the best (a very general concept) it needs to solve a problem that people will actually spend money on fixing it. You get advice like “Ask the market what it wants and sell it to them.” But this is not entirely correct because what people say they will buy and what they open their wallets for are two different things, so in this article, we will talk about the best way to pick a fast-spreading business idea.
The best way to choose a project idea
Not all ideas are monetized, not all monetized ideas can be scaled up, and not all monetized ideas develop into real businesses and sell at great multiples.
So you have to narrow down some personal goals for yourself in order to know what is the best idea for you.
Would you like a commercial lifestyle or a stock company?
This will determine a large amount of strategy that you want to deploy.
But if we go back on track for a moment and assume the reason you ask for the best idea is because you might be afraid of having the wrong idea which is the entrepreneur’s harmful thinking.
All ideas that become successful are incorrectly floated and modified to alleviate the pain that people cannot live without.
You can’t, you can’t know what your idea will be like without telling it! So that others can try, test, repeat, and offer criticism and feedback.
Some methods to help you take this step
Minimum applicable product
Free 10% copy quickly. As in the next 30 days, you can have something so that others can see what it’s going on around it and whether it can be “fixed”
Don’t waste money and time creating a 100% “perfect” copy before you get it for someone. This is the ego and so is fear. Microsoft allowed the market to iterate on their behalf. The first versions of everything you use daily are still getting better.
Minimum successful audience
You often never talk about it but your goal is not to get 10,000 people to sign up for your gadget tomorrow. It’s finding 10 RAVING LOVERS about your product as much as they want and without any coercion – share it. It is the Holy Grail!
Find 10 people, if your product dies tomorrow, they will be truly crushed and pissed off. It’s very difficult to do, but this is how you generate winning business ideas.
This is how the gamification works and the social engagement/proof is part of the strategy
It will take longer than you think
It will be harder than you think
Your results will be much lower than you think for a long time
So keep your idea up so you know when to stop or hit the accelerator (yes, stop quick or switch quickly if not that good) – the market will tell you!
Don’t bother trying to get financing, if your idea has legs, you should be able to grow your business organically from just a little of your startup capital, anywhere from $ 500 to $ 10,000 should go.
The illusion of needing more money at first will prevent you from being creative with solving the real problem: What do people want, what are they saying they want, what will they actually buy?
Do not be deceived, Steve Jobs, Elon Musk, Colonel Sanders, Howard Schultz, Tony Robbins and others are the best marketers in the world, then their skills are second. They know how to penetrate hearts and minds with arrogant thoughts.
Start by reading and understanding how marketing and advertising works.
All marketing is making money, you get a return on the money you spend, advertising is not limited to brands, and when you have a billion dollars, you can worry about billboards with one sentence selling the dream, until then, learn about direct marketing and copywriting to help Put your idea there.