Summary
- I learned that focusing on large markets can bring huge opportunities for wealth. Think big, like Apple did with smartphones.
- A product that people need and use daily can lead to big profits. If your product solves a daily problem for someone, it has great potential.
- It's important to remember that the product doesn’t have to be for everyone. A product used daily by businesses can also be a big success.
- I see that creating something useful for a large group of people, or even a specific group that relies on it often, can be the key to building something massive.
Video
How To Take Action
I would suggest looking at the needs of a large market or a specific group of frequent users. This could mean creating something that people or businesses use every day. Just like how most people need a smartphone, think about what they use or need regularly and find a way to serve that need.
A good way of doing this is by starting small with your idea to test if it solves a daily problem or fills a gap. You don’t need to serve everyone, just enough people who need your product frequently. This could be an app, tool, or service, but make sure it’s something your chosen group can't do without.
You might also think about how to adapt everyday solutions to fit common problems. If your product helps them save time or money, they will likely use it often. Begin by asking potential users about their daily challenges. Use their answers to guide your product development.
Remember, the goal is to create something valuable that becomes a part of their routine. This way, it’s easier for your product to become a habit for them.
Finally, keep your costs low by using online platforms to reach users quickly. Social media, forums, or email newsletters can help you connect with the right audience without spending a lot of money. Use these tools to get feedback and improve your idea as you grow.
Full Transcript
wealthy individuals know that the bigger the market the bigger the opportunity for wealth just look at Apple they focus on the smartphone not everyone has a computer but most people have a smartphone and that's led to billions and billions in revenue why because their product works for the masses if you can create a product or service that someone needs to use each and every single day it has massive profit potential that's the key it doesn't have to be the whole world it could just be a product for businesses but if they had to use it each and every single day you're on to something that could be potentially really massive
