How do you create a profitable business?
And while there are many answers, there are two basic models that all businesses follow.
The traditional method involves creating a product first and then finding customers to buy it.
As you might have guessed, the second model involves finding customers first and then building a product you know they’ll buy.
Synopsis of article:
- Find a customer in the right types of markets
- Product type #1 – Physical products:
- Product type #2 – Informational products
- Product type #3 – Software products
- The audience comes first in more ways than one…
- Start with demographics:
- Continue with psychographics
- (Positioning) How you can eliminate your competitors
- How to find your position
- Step #1 – Identify differentiators:
- Step #2 – Identify competitors
- Step #3 – Plot your competitors
- How to find your position
- Kickstart your audience
- High growth tactic #1 – Guest-posting
- High growth tactic #2 – Paid advertising
- How to grow your audience by 5-15% every month
- Part #1 – Come up with content ideas
- Part #2 – Create a sustainable content schedule
- Part #3 – Figure out how you’ll stay in touch
- Building products your audience begs you to buy
- Option #1 – Pitch product ideas to your list
- Option #2 – Survey your readers
- Option #3 – Pay attention to comments
- Turning readers into buyers
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If this post raised some questions feel free to ask me a question.