I have a really good idea along the lines of MJ's lead generation for a very niche market. I have the entire plan on how to set it in motion (as a matter of fact I have set things in motion already) and it is going good. I have a super neat idea how to execute it and it will take me roughly a month to execute and launch it. A month of intense work that is.
On the weekend I setup a landing page where I drove targeted traffic to it by ads (google ads and some other method), 5% showed interest have signed up to my email list and 1% have emailed me and let me know how great my idea is and when I launch my site I should give them a shout.
I also created a group for my idea on my Facebook, invited all my friends and told them to invite all of their friends, the group now has hundreds of people in it. I also set a poll on the group and asked about my idea, IF I implement would they use it and about 10% of people voted, more than 9% said YES, less than 1% said NO and the rest didn't vote (bastards!).
I'm stuck with few questions, if ANYONE could shed some light on them (in ANY way shape or form), I'd greatly appreciate it:
(1) In what ways I could use all the people who liked my idea (through Facebook POLL) or subscribed to my email list to uncover what they really want, so I don't waste my time doing 1 month of intense work then find out...shit! no one is using the damn thing!
(2) In general what are some ways to truly uncover what my niche market wants. Cold calling? Emailing? Surveying?etc?..what is the best way other than what I've already tried (from above) to find out what people want or are interested in what I'm building, so when I build my product I won't be rejected horribly...
(3) My idea is actually a bigger idea than what I am launching with, but to enter that market & then expand I chose to enter it as a lead generation entry; initially completely free until I build enough user base and traffic then I will try to monetize it "somehow".
NOW my issue is how can I monetize a lead generation business which was initially freely sending leads to people, how can I work on the transition to a true business system where I say, "Hey customer1, I'm sending you 50 leads a day, I will take you off my site unless you pay..." <--- This is not the best strategy. What is the right transitory strategy. MJ if you are reading this, how did you transition? What was the process like starting off, transitioning to a paid model, how it happened? what did you do? I can't figure that part out quiet yet! (BTW This question is from everyone not just MJ)
Please speak/write from YOUR past experience if relevant.
On the weekend I setup a landing page where I drove targeted traffic to it by ads (google ads and some other method), 5% showed interest have signed up to my email list and 1% have emailed me and let me know how great my idea is and when I launch my site I should give them a shout.
I also created a group for my idea on my Facebook, invited all my friends and told them to invite all of their friends, the group now has hundreds of people in it. I also set a poll on the group and asked about my idea, IF I implement would they use it and about 10% of people voted, more than 9% said YES, less than 1% said NO and the rest didn't vote (bastards!).
I'm stuck with few questions, if ANYONE could shed some light on them (in ANY way shape or form), I'd greatly appreciate it:
(1) In what ways I could use all the people who liked my idea (through Facebook POLL) or subscribed to my email list to uncover what they really want, so I don't waste my time doing 1 month of intense work then find out...shit! no one is using the damn thing!
(2) In general what are some ways to truly uncover what my niche market wants. Cold calling? Emailing? Surveying?etc?..what is the best way other than what I've already tried (from above) to find out what people want or are interested in what I'm building, so when I build my product I won't be rejected horribly...
(3) My idea is actually a bigger idea than what I am launching with, but to enter that market & then expand I chose to enter it as a lead generation entry; initially completely free until I build enough user base and traffic then I will try to monetize it "somehow".
NOW my issue is how can I monetize a lead generation business which was initially freely sending leads to people, how can I work on the transition to a true business system where I say, "Hey customer1, I'm sending you 50 leads a day, I will take you off my site unless you pay..." <--- This is not the best strategy. What is the right transitory strategy. MJ if you are reading this, how did you transition? What was the process like starting off, transitioning to a paid model, how it happened? what did you do? I can't figure that part out quiet yet! (BTW This question is from everyone not just MJ)
Please speak/write from YOUR past experience if relevant.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
