- Joined
- Jan 28, 2014
- Messages
- 107
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?
. 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?
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