- Joined
- Jan 28, 2014
- Messages
- 107
Rep Bank
$855
$855
User Power: 239%
I am a huge fan of infographs, especially ones like these which help explain how to start a million dollar business 😀. The guys from "A Better Lemonade Stand" have really broken this down for the rest of us. I just found another blog I am addicted to! A lot of content in the infograph talks about TMF mathematics like in the book. Check it out yourself friends.
Here is a summary of the questions:
1. Q. What is the potential market size?
2. Q. What does the competitive landscape look like?
3. Q. Is this product/niche a trend, a fad, growing, or flat market?
4. Q. Does this product/niche have local availability?
5. Q. Who are my target consumers?
6. Q. What is the potential markup?
7. Q. What is the potential selling price?
8. Q. How many different SKUs do I need to manage?
9. Q. Can I re-sell to the same customers with a subscription?
10. Q. What is the size and weight of my products?
11. Q. How durable or fragile is my product?
12. Q. Will my niche suffer from seasonality?
13. Q. Does my product/niche solve a pain point or serve a passion?
14. Q. What will my product/market/niche obsolescence look like?
15. Q. Is my product consumable or disposable?
16. Q. Does my product have a shelf life, what is its perishability?
17. Q. Do my products or market have any restriction or regulations?
18. Q. Will I be able to scale this product/niche/business?
19. Q. Can I sell/position this product better than my competitors?
20. Q. Am I passionate about this product/market/niche?
Here is a summary of the questions:
1. Q. What is the potential market size?
2. Q. What does the competitive landscape look like?
3. Q. Is this product/niche a trend, a fad, growing, or flat market?
4. Q. Does this product/niche have local availability?
5. Q. Who are my target consumers?
6. Q. What is the potential markup?
7. Q. What is the potential selling price?
8. Q. How many different SKUs do I need to manage?
9. Q. Can I re-sell to the same customers with a subscription?
10. Q. What is the size and weight of my products?
11. Q. How durable or fragile is my product?
12. Q. Will my niche suffer from seasonality?
13. Q. Does my product/niche solve a pain point or serve a passion?
14. Q. What will my product/market/niche obsolescence look like?
15. Q. Is my product consumable or disposable?
16. Q. Does my product have a shelf life, what is its perishability?
17. Q. Do my products or market have any restriction or regulations?
18. Q. Will I be able to scale this product/niche/business?
19. Q. Can I sell/position this product better than my competitors?
20. Q. Am I passionate about this product/market/niche?
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
