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    Revenue sharing programs for customers

    MARKETING 
    In the previous post refer a friend programs were presented (see [1]). The second type of programs which can be used to increase purchasing powers of consumers and keep them loyal is revenue sharing programs for customers (RSPs). This type of programs is similar to RFPs, but instead of one-time...
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    Closing my company – Post-mortem analysis so you can learn from my mistakes

    EXECUTION 
    "I am going for a need, a "medicine" business more than a "vitamin" one." This type of business is strongly regulated by governments and require some good connections. "they still don't fix the the key point of the issue, that is we were not solving an actual need, we were solving a nice to...
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    Should I get a job?

    "I felt that getting a job means I gave up and a loser." Think about a job as an entry ticket to more opportunities. If you find a painful problem to solve, offer the best solution to a problem to help people, then they pay you for your solution and you will not need a job anymore.
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    Building a Home Services Business

    EXECUTION 
    If your customers are happy with your services try referral marketing to grow your business.
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    Closing my company – Post-mortem analysis so you can learn from my mistakes

    EXECUTION 
    This type of business does not solve painful problems to consumers so strong competition can kill such business. Standard advertising and marketing methods work well in normal economy, but not well in bad economical conditions. Modern methods like referral marketing, profit sharing programs...
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    Seeking a Way Out of the Inertia I am. Trying to Find Something to Create Value

    SIDE HUSTLE EXECUTION 
    It seems you was inspired and motivated by the books and people on this forum (Andy Black). You also have some experience with starting side hustle businesses on your ideas. Try to find some painful to consumers or businesses problem and find the best solution to the problem.
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    Starting my journey to 1 million$ in less than 2 years by following these principles.

    INTRO 
    ". i will concentrate and find an actionable goal." See the links below about problems that people have now. This small business is feeling the pain of a potential nationwide recession Small business owners say inflation is crushing their business: ‘Out of control’ Ask local businesses if they...
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    Starting my journey to 1 million$ in less than 2 years by following these principles.

    INTRO 
    "One thing lately ive been hearing is that if your at the bottom, the only way is up." You are on the right track! About parallel thinking: Search for painful problems businesses (or consumers) have and how you can help to solve them. Concentrate on problems, for solutions you can ask on this...
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    26 years old loser ..

    HOT! IDEA BOOKS MINDSET 
    Here is my practical suggestion. If you had success in affiliate marketing you definitely will have it in referral marketing. There are many businesses that want to solve the following problems: -How to attract new customers in bad economic conditions? -How to keep customers loyal in recession...
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    9 Questions to Ask Yourself for a Complete Marketing Plan

    MARKETING 
    "What value can I provide to him to show him my product/service works?" What painful (to her/him) problems your product/service solve?
  11. P

    Hardware and Software Engineer

    INTRO 
    "I have tons of ideas but need a way to vet them against a market need before executing." Customers and businesses have a lot of painful problems now. Select a painful problem, develop the best solution and you will have a market.
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    Refer a friend programs

    MARKETING 
    In the previous post (see [1]) the three necessary conditions for a sale to happen were presented. It was pointed out that traditional advertising and marketing methods target only condition 1, they can not be applied to conditions 2 and 3. Refer a friend programs can be used by some businesses...
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    High entry barrier, low capital to start with.

    IDEA 
    "Those are not mentors. Those people more likely to tell you you're crazy than to be able to provide you with any solid business advice." Statistically, you are right. In majority of cases this is the most likely scenario. But, if someone is lucky enough and have a friend or relative who had...
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    High entry barrier, low capital to start with.

    IDEA 
    "1. How do I find a mentor, someone that can guide me on the execution and during the startup phase and not getting screwed or being left out of my own business?" Search among relatives, friends, people you trust. "What are the first steps on presenting my idea and business model to an...
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    To distribute or to make it yourself

    QUESTION 
    "Thank you! " You are welcome, Stepan! Wish you good luck!
  16. P

    To distribute or to make it yourself

    QUESTION 
    "What do you think is better option here? " Try to improve significantly the product of the company to avoid ethical and legal issues. Think what other problems that exist can be solved if some modification would be implemented.
  17. P

    24 year lad looking for Advice form Fastlaners & Unscriptee , What you would do If you are at my Situation

    MINDSET EXECUTION 
    "Thanks for sharing your thought on this @Practic it helped me," You are welcome! "I leased out the land a month ago" You are entrepreneur now. My congratulations!
  18. P

    24 year lad looking for Advice form Fastlaners & Unscriptee , What you would do If you are at my Situation

    MINDSET EXECUTION 
    Here are some more suggestions: If you are going to be employee then go with choice 1, because a proof of formal education (diploma) is required by employers, otherwise go with options 2,3. Here is what I would do in your situation. I would use the land as an asset and build recession proof...
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    24 year lad looking for Advice form Fastlaners & Unscriptee , What you would do If you are at my Situation

    MINDSET EXECUTION 
    If you read the books you should know that the right questions to ask are: What painful (to consumers or businesses) problem exists? Can I deliver the best solutions to these problems. After you will find solutions to these problems you should think about how you will do it.
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    Hello from Erwin

    INTRO 
    In the ideas section of this forum there are a lot of ideas. I have a post also. You can look at them as well. Good luck in your search!

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