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12 Months to $1Million - Coggle Diagram
12 Months to $1Million
Getting Customer
First step of building business is finding your customer not product
Second stop is answering the question of your Ideal customer
Things to know before you start knowing about successful business blueprint
This is harder than you think- It's like parenting we have to nurture our business every day and night to have successful outcome
It’s not about what you can get, but what you can create.- Stop thinking about what you can take, and start recognizing the value you can create
Growth is like interest: It compounds over time- Success doesn't come in the short term like you didn't become fat by overeating in one day you have to work for long term to be very successful
Your business impacts more than your bank account- Your business/affect peoples life's and inspire them more than it effects your bank balance
Having a partner can be a blessing or a curse (if done wrong) - Visionaries are great at selling and making big, bold decisions. Builders are fantastic at managing details and ensuring that nothing falls through the cracks. A Visionary needs a Builder to get anything done, and a Builder needs a Visionary to build something that matters.
No matter what, the chips stay on the table- Think long term not for short term
Why Old companies buy new companies? Why facebook bought Instagram?
Because for new companies it is easy to adapt new changes but not for old companies because they can’t innovate as fast as new companies. They’re too big and unwieldy. It’s kind of like when Facebook bought Instagram, or Twitter bought Periscope.Facebook bought Instagram for $1 billion when it was just nine months old.Why? Because Instagram grew so quickly, it was easier for Facebook to just buy it.
In this new marketplace, instead of building a product and trying to sell it to a business, you’re cornering a market for that business to swallow. Small
businesses can innovate a lot faster than major brands. They can product-test via social media engagement. They can make targeted changes to their products according to what their audience is telling them.
with the right combination of online audience and audience targeted brand, success is a matter of course.
Step 1: Choose Your Customer
Focus on people not product
your business can never be successful
unless you’re doing something that benefits other people
Scratch your own itch then you will build a real business and not just money making machine
Who do you serve
A brand is trust. A brand is an expectation that the customer will be happy with his or her purchase. A brand is something built by creating a group of products that all serve the same person.
find the person and then their pain point and what products I can sell them ex: if person do yoga what things he will need
Target Audience>3-5Products to sell>One product that will be gateway means first product to sell
Keep first product that solve simple problem ex: Yogi need yoga mat
People buy products that say something about themselves.