Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Small profitable business ideas | Solving problems CUSTOMERS CARE ABOUT | How to find startup ideas?. That video is uploaded by Walid Elleuch at 2021-02-15T04:42:20-08:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [BbURXvqYmZI]
| Name | Small profitable business ideas | Solving problems CUSTOMERS CARE ABOUT | How to find startup ideas? |
| Video Uploader | Video From Walid Elleuch |
| Upload Date | This Video Uploaded At 15-02-2021 12:42:20 |
| Video Discription | Just focusing on solving a problem to start a new business or launch a new product will make you for sure build sth to solve that problem but probably you will not make profit from it. It is actually crucial to find out as soon as possible that the potential customer wants his problem to be solved and is willing to buy the solution. f.e. People complaining about their overweight have options like going to the gym or doing bodyweight exercises at home following FREE youtube tutorials, but they don’t buy into those solutions. You see that building the solution doesn’t ensure to get it sold. Build profitable products and services that solve a problem. Do not just solve any problem and wish to make profit. Slightly different approach but different outcomes. Finding those profit making problems is not easy and googling “what are the problems of XYZ industry or company” will not help you. No company will publicly talk about weaknesses or problems to keep a good reputation in front of the stakeholders like employees, customers and investors. It requires a deep understanding of the customer segment or being one of them. For example you are a consultant for several companies from the same industry and you discover a common burning problem, that they want to be solved or you work for one of those companies. And as you discover that problem, ask yourself first, why it is not yet solved because companies generally have enough resources to hire experts to do that job. They are laser focused on a 5 to 10 years plan with a well defined and prioritized list of goals to achieve and problems to solve. That means If you come up with a perfect solution for a problem that is planned to be worked on in the first quarter of 2025 and the other guy offers a half baked solution that is needed in 2022, Your solution will probably be put on hold, until you make a really remarkable offer. Let's make it clear. Every Company wants to go from point A to point B. If you can help them to do that with significantly less effort, less money and faster, you will catch the attention of decision makers and make them reprioritize their agenda. So iInstead of relying completely on finding the problem, try to improve an existing solution because “problem” is relative. Two colleagues in the same team could define a situation differently, the first as a problem the second as a daily business. The significant improvement is also known as the last mover advantage that the german american investor Peter Thiel has mentioned in his book zero to one. Examples for last movers are google, youtube and facebook, which made advertising more targeted and measurable than tv and radio and SpaceX, which manufactures not only cheaper but also reusable rockets. So if you want to start something new, focus either on urgent problems that the companies want to solve and pay for in the near future or learn from the flaws the existing solutions and create really much better ones. Thank you for interacting with and telling me about your experinece :D BbURXvqYmZI |
| Category | Science & Technology |
| Tags | businesses ideas | small business ideas | business opportunities | solving problem | new business ideas | top business ideas | businesses to start | problem solving skills | best business ideas | startup ideas | good business ideas | best business to start | starting a small business | startup business ideas | innovative business ideas | small profitable business ideas | easy business ideas |
