Finding Needs/Wants

[LittleWolfie]

Okay, so this is where I'm stuck. I purchased the INSIDERS subscriptions manly in the hope that it would give me some good ideas needing execution. There is nothing immediately viable though. Although I really want needs rather than solutions.

So whats the ideal need? It is:

A problem or item that frustrates or annoys you personally; (or a consumer you know personally)

Where you have looked for a solution in the last three months;

Have not been able to find a satisfactory problem;

Where there is an easily identifiable group with the same problem (All lambo drivers, all entomological photographers, etc)

What is the value add? Well an attempt at a solution to the problem, if I can find 100 people who fit into the same niche, I will do a detailed INSIDERS thread covering the whole process form start to end. I can' t promise it will be the main or only item I can follow right now though, as I'm still looking for something I can progress on.


I also thought of offering some sort of small raffle to respondents, however I thought that might not go down so well here. If you can think of a way that soemone could value add to your daily life, it would be great to see it. Either here or in the INSIDERS.

 

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[LeoistheSun]

It is a problem, ideally something that 5-10%+ of the populace has. Your solution would be something that they would be disappointed if you took it away.

 

[LittleWolfie]

It is a problem, ideally something that 5-10%+ of the populace has..

It doesn't have to be anywhere near 5 to 10 percent of the population, especially if it is monthly chargeable.

Let's say 100 people willing to pay 30 a month that give me 3k monthly. If expenses take up as much as half of that, I'm looking at 1.5k profit a month, which puts me 0.5k a month short of going full time on the project. I'd only need to slightly decrease costs. If it can be delivered as ebook, software a more reasonable 30% cogs gives me just over 2k MRR. Basically breakeven with 10% of revenue reinvested.

1000 customers would be 30k monthly gross.

I could live on 30k for a year, and 1000 is way less than 5%. I only need a really small niche, and I can build a lifestyle type company, which can then fund my fastlane company.