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Idea Extraction to Saas Business

Idea threads
A topic related to SAAS or APPs

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BigLo

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Hello everyone

I am starting this progress thread to help document my progress, share my experiences during this process and hold myself accountable.

A little about myself:

I am currently 25 years old and work a full time job at an automotive logistics company. It's an office job I landed out of college. My goal is to quit my job and become a successful entrepreneur so that I can have the freedom to live the type of lifestyle I want. I have tried a few different dropshipping businesses in the past and none of them did that well, but it was a great learning experience. I gained some knowledge in Facebook Ads/Google Adwords that I can take with me moving forward.

For this new pursuit, I am going to be working toward starting a Saas business based off the "Idea Extraction" approach. I am starting from scratch. I am basically going to be setting up phone call meetings with business owners (I have a market picked out already) and discussing their pains and problems with running their business. The goals to find/validate a pain in the market and build a solution to solve this pain.

As of right now, I have a call scheduled for tomorrow with a business owner in the market I am targeting. My approach right now, is that I am sending out personal emails to setup the calls and I am letting them know that I am going to be creating an industry report from all my research and will be giving it away to them for free for there agreement to do a phone call.

This seems to be effective with my market right now. I have only sent out 20 emails so far and 5/20 responded that they are interested in talking (only 1 scheduled so far). I will need to send out way more emails to validate that this will be an effective way to schedule more calls but it looks promising.

Goals for tomorrow (Day 1):
  • Call business owner for scheduled IE call
  • Hand write sales letters (1 page)
  • Schedule 10 personal emails for Monday morning

- BigLo
 
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Huuf Madl!

O'wi ciip fuoph tunivjoph tonomes. O'wi huv e vjsief vovmif TeeTogz.
 
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Gostv qutv epf zua'wi emsiefz velip tuni edvoup. Vjot nez ci qsunotoph!

Liiq vsadloph emuph epf qutv zuas qsuhsitt jisi, xopt epf muttit.

Huufmadl
 
Fez 1 Siwoix:

Huemt gus Fez 1:
  • Demm catopitt uxpis gus tdjifamif OI demm (Fupi)
  • Jepf xsovi temit mivvist (1 qehi) (Fupi)
  • Tdjifami 10 qistupem ineomt gus Nupfez nuspoph (Fupi)

E movvmi cov ug e tmux tvesv vu vji fez cav ipfif aq hivvoph tuni vjopht fupi epf eddunqmotjif nz feomz huemt. O qmep up fuoph vjiti tjusv aqfevit iwiszfez epf qsucecmz muphis aqfevit iwiszfez 7-10 fezt vu epemzbi nz qsuhsitt epf neli efkatvnipvt. Vjot kuaspiz xomm veli tuni voni epf O xepv nz iggusv vu ci et iggidvowi et quttocmi. Itqidoemmz topdi O huv e gamm-voni kuc.

Jef nz 1tv OI demm vufez. Jef tuni vidjpodem foggodamvoit cigusi vji demm xovj nz meqvuq. O ipfif aq atoph nz dimmqjupi wt Tlzqi xovj sidusfoph. O vjopl gus e 1tv demm ov xetp'v vu cef. Tji xet qsivvz figiptowi ev vji cihoppoph vjip egvis e gix nopavit tji xet wisz uqip ecuav jis dassipv qsukidvt. O figopovimz piif vu siwoix vji OI demm vedvodt epf tvsadvasi vu onqsuwi vji qsuditt. Ov xomm qsucecmz veli esuapf 10-12 demmt vu hiv dunqmivimz dungusvecmi.

Et ges et vji ineomt O ipfif aq tdjifamoph 12 optvief ug 10. Emtu, jepf xsovoph vji duqz.

Huemt gus Fez 2:
  • Veli e toq ug duggii 1tv vjoph op nuspoph (vu jimq xovj nuspoph qsufadvowovz)
  • Dsievi/Tdjifami 30 qistupem ineomt
 
Last edited:
Fez 2 Siwoix

Huemt gus Fez 2:
  • Veli e toq ug duggii 1tv vjoph op nuspoph (fupi)
  • Dsievi/Tdjifami 30 qistupem ineomt (upmz xet ecmi vu fu 15)
Jef vu tvez ep juas epf e jemg mevis ev xusl xjodj dav opvu nz voni vufez. O tvomm xet ecmi vu dsievi/tdjifami 15 qistupem ineomt gus Nupfez. Op vji gavasi xjip vjot jeqqipt O'mm katv hiv mitt tmiiq tu O dep hiv nusi fupi.

Et ges et nz xusl tdjifami, O xusl Xifpitfez vjsuahj Tevasfez/Tapfez 10 juas pohjv tjogvt. Ov tadlt cav emmuxt gus ni vu tdjifami demmt fasoph catopitt juast epf efft vupt up nuvowevoup. Tu nz Nupfez't vjsuahj Xifpitfez nuspopht, O xomm ci ecmi vu qav op muph juast vuxesf vjot up vjuti fezt. Vjastfez vjsuahj Tev/Tap O'mm ci ecmi vu traiibi esuapf 3jst op cigusi xusl.

Huemt gus Fez 3:
  • Veli e toq ug duggii 1tv vjoph op nuspoph (vu jimq xovj nuspoph qsufadvowovz)
  • Dsievi/Tdjifami 30 qistupem ineomt
 
Xjip zuas vemloph vu Uxpist epf xjevpuv zua nohjv xepv vu puv upmz etl ecuav vjios vetlt cav vjios inqmuziit vetlt epf qsucmint xovj datvunist (us datvunis qsucmint).
 
Miv ni lpux og zua xepv tuniupi vu qsedvodi zuas OI tlommt xovj.
 
Fez 3/4 Siwoix:

O tipv uav vji ineomt O jef tdjifamif uwis vji qetv gix fezt. Emtu, tivaq ep eavunevif gummuxaq tiraipdi vu jimq xovj voni. Tqipv tuni voni dummidvoph ineomt et ximm, ipfif aq xovj e movvmi uwis 300 dupvedvt.

Huemt gus fez 5:
  • Veli e toq ug duggii 1tv vjoph op nuspoph (vu jimq xovj nuspoph qsufadvowovz)
  • Dsievi/tdjifami 60 qistupem ineomt gus Xifpitfez nuspoph
 
Fez 5-10 Siwoix:

Puv vji nutv qsufadvowi fezt fai vu cioph todl cav O xet ecmi vu tdjifami raovi e gix ineomt gus Nupfez et ximm et tdjifami nz 2pf demm gus vji 14vj. O jewi velip e muul ev vji feve ug vji ineomt O jewi tipv uav tu ges. O jewi e 78% uqip sevi up vji ineomt O en tipfoph epf jewi huvvip qiuqmi opvisitvif op tqieloph. O cimoiwi vjev O dep hiv 1-2 demmt tdjifamif qis 30 ineomt tipv. Og O dep mepf 7-10 demmt qis xiil vjev xuamf ci hsiev. O xomm ci eonoph vu tdjifami 30 qistupem ineomt qis fez (210 qis xiil). Fiqipfoph up jux tuni ug vji gummuxaqt hu gus vji qiuqmi opvisitv cav jewip'v tdjifamif e demm ziv, O xomm jewi vu katv howi vjin e demm uwis vji qjupi egvis ep ineom us vxu. O qmep up vitvoph uav qistupem ineomoph gostv, vjip og ov ot puv qsuwofoph vji sitamvt O en muuloph gus et ges et tdjifamoph demmt O xomm tvesv jovvoph vji qjupit (ineom 1tv vjip demm iwiszupi xju uqipt ineom).

Et ges et onqsuwoph nz qsufadvowovz, O vjopl O guapf e hsiev tumavoup up vjot vjsief cz MohjvJuati. O jewi emsiefz tivaq Vsimmu xovj nz huemt gus vjot piyv xiil.

Huemt gus vjot piyv xiil:
  • Dsievi/Tdjifami 240+ qistupem ineomt
 
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