ZCP
Legendary Contributor
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
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Speedway Pass
What value do you provide?
If you cannot answer that question distinctly with something particular, go no further until you can.
Open up excel or a similar spreadsheet. Start listing items you need and estimating costs. Add links / to do lists for items as they come up. List out all your estimated costs for an item and all your fixed costs to get started. How much capital do you need? Then, based on the value you listed above, what would someone be willing to pay for that value. How often would they or someone new be willing to pay for that value? How many would you expect to sell in the first year. Are you profitable? If you increase your costs 10% and decrease your sales price 10%, are you still profitable?
If you cannot answer those questions, research and learn until you can.
If you have no idea if it will sell, come up with an MVP and decide if you are willing to invest that much to vet your idea. If you can, pull the trigger and learn.
Now go 'do' for 30 days and come back and report your results.
If you cannot answer that question distinctly with something particular, go no further until you can.
Open up excel or a similar spreadsheet. Start listing items you need and estimating costs. Add links / to do lists for items as they come up. List out all your estimated costs for an item and all your fixed costs to get started. How much capital do you need? Then, based on the value you listed above, what would someone be willing to pay for that value. How often would they or someone new be willing to pay for that value? How many would you expect to sell in the first year. Are you profitable? If you increase your costs 10% and decrease your sales price 10%, are you still profitable?
If you cannot answer those questions, research and learn until you can.
If you have no idea if it will sell, come up with an MVP and decide if you are willing to invest that much to vet your idea. If you can, pull the trigger and learn.
Now go 'do' for 30 days and come back and report your results.