Find Ideas ThatMake You $$
IdeasPlaybook delivers a complete blueprint for starting, building, scaling and sustaining a profitable online business.
90% of startups fail because the idea didn't have a market
Finding an idea, validating it, building it, and then marketing it is a long and arduous process. So you want to make sure you're on the right track.
12 hrs find idea
2 weeks to build MVP
No one buys
Last Updated: 2023-05-15
Idea Playbook: How to Find Ideas That Will Make You Money
This is a preview of the outlined document I started writing. These sections are not final in any way and will be updated constantly.
Table of Contents
- Introduction
- Step 1: Identify Pain Points and Problems
- Step 2: Validate Market Demand
- Step 3: Focus on Profitable Niches
- Step 4: Validate Willingness to Pay
- Step 5: Prototype and Iterate
- Step 6: Monetization Strategy
- Step 7: Scale and Grow
- Conclusion
- FAQs
- Resources - A list of materials/guides/books/courses that i find helpful when i find them. Can be a tweet, a blog post
Step 1: Identify Pain Points and Problems
Objective: Find problems that are significant enough to warrant a solution people are willing to pay for.
Customer Feedback
Actions:
- Platforms to Explore: Amazon, Google Play, App Store, Trustpilot!
- How to Analyze: Look for reviews that frequently mention unmet needs or frustration with a lack of features.
Real-Life Example:
Product: Audible - Customer reviews often mentioned that there was no easy way to return audiobooks they didn't like. This pain point led to Audible implementing a generous return policy, allowing users to swap books. Solving a key customer frustration improved loyalty and engagement.
Forum Discussions
Actions:
- Platforms to Explore: Reddit, Quora
- Keywords to Search: "How do I…" or "Is there a tool for…"
Real-Life Example:
On a Reddit thread discussing the frustration of finding good writing prompts, a developer created "Daily Prompt Generator", which now has thousands of users.
Personal Pain Points
Reflect on issues you've encountered in your career or daily life. Solving your own problems can yield highly targeted solutions.
Real-Life Example:
The founder of Buffer built the app to schedule social media posts because he struggled with managing multiple platforms efficiently. The solution addressed his need and eventually resonated with millions of users.
Step 7: Scale and Grow
Objective: Once your MVP is successful, scale the product to a broader audience.
Actions:
- SEO & Content Marketing: Invest in SEO to attract organic traffic. Write content that educates potential customers about their problem and how your solution can help.
- Paid Advertising: Use paid ads (Google Ads, Facebook Ads) to scale awareness. Start with small, targeted campaigns to ensure the ROI is worth it.
- Partnerships: Collaborate with influencers or industry partners to reach a larger audience.
- Customer Referrals: Implement a referral program to encourage word-of-mouth marketing.
Outcome: A growing user base and increased revenue, allowing for reinvestment into the business.
Pricing
Learn how to Find Ideas that will turn you a profit and not waste your time
Ideas Playbook
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