{"id":118320,"date":"2025-02-01T22:18:17","date_gmt":"2025-02-02T02:18:17","guid":{"rendered":"https:\/\/www.iwillteachyoutoberich.com\/?p=118320"},"modified":"2025-05-14T19:52:59","modified_gmt":"2025-05-14T23:52:59","slug":"how-to-come-up-with-a-business-idea","status":"publish","type":"post","link":"https:\/\/www.iwillteachyoutoberich.com\/how-to-come-up-with-a-business-idea\/","title":{"rendered":"How To Come Up With A Business Idea With The \u201cDemand Matrix\u201d"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"118320\" class=\"elementor elementor-118320\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-26ab31a elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"26ab31a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ce5e970\" data-id=\"ce5e970\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0a53b64 elementor-widget elementor-widget-text-editor\" data-id=\"0a53b64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Most people believe they have a great business idea, but many fail before they even start. The problem is not effort or motivation\u2014it&#8217;s the idea itself. In this article, you\u2019ll learn how to use my Demand Matrix to filter out weak ideas and focus on those with real potential.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ac79cb elementor-widget elementor-widget-heading\" data-id=\"7ac79cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Crucial Factors You Need To Know<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cf4f4b elementor-widget elementor-widget-text-editor\" data-id=\"4cf4f4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Most people get stuck because they have not found the right business idea. It\u2019s not just about coming up with something that sounds good, the idea needs to have real potential.<\/span><\/p><p><a href=\"https:\/\/www.iwillteachyoutoberich.com\/best-online-business-ideas\/\"><span style=\"font-weight: 400;\">Searching online for business ideas<\/span><\/a><span style=\"font-weight: 400;\"> will give you millions of results, but most aren&#8217;t practical. They fail to consider personal skills, interests, or what people are willing to pay for. A generic list doesn\u2019t provide a path to a sustainable business.<\/span><\/p><p><span style=\"font-weight: 400;\">A successful business needs to be both profitable and realistic. Without demand, even the best idea will struggle. A poor choice can lead to wasted time and energy with little to show.<\/span><\/p><p><span style=\"font-weight: 400;\">Ask yourself these questions:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Is this something people are already paying for?<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Is there a market for it?<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do you actually care about it enough to stick with it when things get tough?<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">The best approach is to look at what is already working\u2014people who succeed in business focus on solving real problems in a way that makes financial sense. Finding the right idea means identifying opportunities where skills, experience, and demand overlap.<\/span><\/p><p><span style=\"font-weight: 400;\">This guide will walk you through a three-step process designed to uncover your strongest business ideas. The goal is to find something that aligns with your existing strengths, has clear market demand, and can be built into a profitable venture.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17cd7d2 elementor-widget elementor-widget-heading\" data-id=\"17cd7d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 1: Feel Free to Come up With Ideas That Suck<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c66f284 elementor-widget elementor-widget-text-editor\" data-id=\"c66f284\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">There are no bad ideas in the early stages. The key is identifying which ones will not work as quickly as possible.<\/span><\/p><p><span style=\"font-weight: 400;\">Most people put too much pressure on themselves to <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/no-idea-to-6-figure-business\/\"><span style=\"font-weight: 400;\">come up with the perfect business idea<\/span><\/a><span style=\"font-weight: 400;\"> right away. That mindset leads to overthinking, hesitation, and, ultimately, getting stuck. Instead of creating a flawless idea from the start, give yourself permission to develop ideas that might fail.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-618c43d elementor-widget elementor-widget-heading\" data-id=\"618c43d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Why bad ideas are useful<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b1e7984 elementor-widget elementor-widget-text-editor\" data-id=\"b1e7984\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Coming up with business ideas is a skill. Like any skill, it improves with practice. The first few ideas may not be great, but they often lead to better ones. The more ideas you generate, the easier it becomes to recognize patterns, identify opportunities, and refine concepts into something viable.<\/span><\/p><p><a href=\"https:\/\/www.iwillteachyoutoberich.com\/become-entrepreneur\/\"><span style=\"font-weight: 400;\">Successful entrepreneurs<\/span><\/a><span style=\"font-weight: 400;\"> don\u2019t wait for the perfect idea. They take action, test concepts, and adjust based on feedback. That\u2019s the difference between someone who builds a profitable business and spends years waiting for inspiration.<\/span><\/p><p><span style=\"font-weight: 400;\">The best way to move forward is to start writing down every idea that comes to mind. Don\u2019t filter or judge them too soon. Some might be terrible, but there could be the foundation of something great hidden inside. The sooner you get bad ideas out of the way, the faster you can focus on the ones with real potential.<\/span><\/p><p><span style=\"font-weight: 400;\">Once you have a list, the next step is to start filtering them.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4d302b elementor-widget elementor-widget-heading\" data-id=\"a4d302b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 2: Ask Yourself These 4 Questions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae61bf9 elementor-widget elementor-widget-text-editor\" data-id=\"ae61bf9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Coming up with random business ideas is easy, but without a solid way to screen them, you\u2019re just spinning your wheels. To cut through the BS, these four questions will help narrow down ideas and reveal real opportunities.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d190cc elementor-widget elementor-widget-heading\" data-id=\"1d190cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. What do I already pay for?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39a0e43 elementor-widget elementor-widget-text-editor\" data-id=\"39a0e43\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you&#8217;re paying for something, others probably are too. Cleaning, meal prep, fitness coaching, and online courses exist because people value convenience and expertise. Instead of reinventing the wheel, look at where money is already being spent.<\/span><\/p><p><span style=\"font-weight: 400;\">Start by listing three to five things you pay for regularly. This simple exercise will highlight industries where demand already exists, making it easier to spot profitable business ideas.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64be395 elementor-widget elementor-widget-heading\" data-id=\"64be395\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. What skills do I have?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60bea77 elementor-widget elementor-widget-text-editor\" data-id=\"60bea77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Your <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/skills-to-put-on-a-resume\/\"><span style=\"font-weight: 400;\">practical and soft skills<\/span><\/a><span style=\"font-weight: 400;\"> can be turned into a business. Some are obvious, like playing an instrument, public speaking, or coding. Others, like being highly organized, explaining things well, or making people laugh, are just as valuable.<\/span><\/p><p><span style=\"font-weight: 400;\">Write down at least ten skills, no matter how small they seem. The key is recognizing what comes naturally and considering if someone would pay for it.<\/span><\/p><p><span style=\"font-weight: 400;\">If you\u2019re fluent in a second language, you could offer tutoring services to students or professionals looking to improve their communication skills. This could mean one-on-one lessons, group classes, or online courses. Language skills are always in demand, especially for business professionals, travelers, or students preparing for exams.<\/span><\/p><p><span style=\"font-weight: 400;\">If you\u2019re passionate about fitness and could build an effective workout routine, you could become a personal trainer or start an online fitness coaching business. Many people struggle to exercise and need expert guidance to reach their goals. Offering structured workout plans or accountability coaching could turn your fitness knowledge into a profitable business.<\/span><\/p><p><span style=\"font-weight: 400;\">The more you explore your skills, the more opportunities will surface. Even skills that seem ordinary could be valuable when positioned the right way.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b43399 elementor-widget elementor-widget-heading\" data-id=\"8b43399\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. What do my friends say I\u2019m great at?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51d6724 elementor-widget elementor-widget-text-editor\" data-id=\"51d6724\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Sometimes, other people see your talents more clearly than you do. Ask a few friends what they think you&#8217;re great at. Their answers might surprise you.<\/span><\/p><p><span style=\"font-weight: 400;\">They might say, \u201cYou always put together great outfits,\u201d or \u201cYour cooking is amazing.\u201d These casual compliments are clues to potential business ideas. If you&#8217;re struggling to come up with ideas, this step will give you at least three to five new ones.<\/span><\/p><p><span style=\"font-weight: 400;\">If your friends constantly ask you for fashion advice, styling could be a great business idea. That could mean personal shopping services, an online styling consultation, or even creating content around fashion tips and trends. If they rave about your cooking, you might explore options like meal prep services, cooking classes, or writing a digital cookbook with your best recipes.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d75022c elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"d75022c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a3e9fd2\" data-id=\"a3e9fd2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70d5f20 elementor-widget elementor-widget-heading\" data-id=\"70d5f20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. What do I do on a Saturday morning?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c0a2d7 elementor-widget elementor-widget-text-editor\" data-id=\"6c0a2d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">What you do in your free time, when no one is telling you what to do, can reveal your strongest interests.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do you spend hours researching skincare, tweaking home d\u00e9cor, or experimenting with recipes?<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Could you talk about fitness, gaming, or personal finance for hours?<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">These are signals of things you naturally enjoy. If you already love doing something, imagine how much better it would be to get paid for it.<\/span><\/p><p><span style=\"font-weight: 400;\">If you spend your Saturday mornings deep-diving into personal finance strategies, you might consider turning that into a business helping others manage their money. That could mean financial coaching, budgeting workshops, or writing content on smart money habits.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If home d\u00e9cor is your thing, interior styling, DIY home improvement guides, or a social media brand sharing design inspiration could be viable business paths.<\/span><\/p><p><span style=\"font-weight: 400;\">You\u2019ll generate at least twenty business ideas based on your skills, interests, and real-world demand by answering these four questions. If you don&#8217;t hit twenty, revisit the questions and dig deeper.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2096087 elementor-widget elementor-widget-heading\" data-id=\"2096087\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">You should also consider:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-207f40d elementor-widget elementor-widget-text-editor\" data-id=\"207f40d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once you have gone through the four main questions, a few additional factors can help refine your list. These elements can make the difference between an idea that remains theoretical and turns into a profitable business.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Personality:<\/b><span style=\"font-weight: 400;\"> Are you a people person or more introverted? Do you prefer hands-on work or something analytical?<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lived experiences:<\/b><span style=\"font-weight: 400;\"> Have you traveled, studied something unique, or been part of a specific culture or industry?<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>What you already have access to:<\/b><span style=\"font-weight: 400;\"> Equipment, professional networks, or even a niche community can give you a head start.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">These factors will help refine your ideas and make them more realistic. The next step is to evaluate these ideas using the <\/span><b>Demand Matrix<\/b><span style=\"font-weight: 400;\"> to ensure they have profit potential.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afbb4d5 elementor-widget elementor-widget-heading\" data-id=\"afbb4d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 3: Use the Demand Matrix to Guarantee Your Success<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a57e365 elementor-widget elementor-widget-text-editor\" data-id=\"a57e365\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Not every business idea is worth pursuing. Some ideas might sound great but have no market demand, while others might be profitable but require too much work for too little reward. The <\/span><b>Demand Matrix<\/b><span style=\"font-weight: 400;\"> helps sort ideas based on two key factors: how many people want the product and how much they are willing to pay.<\/span><\/p><p><span style=\"font-weight: 400;\">The Demand Matrix divides business ideas into four categories:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Top right: Golden Goose (high price, many customers)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Top left: Mass Market (low price, many customers)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bottom right: High End (high price, few customers)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bottom left: Labor of Love (low price, few customers)<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Let\u2019s expand on each of these quadrants now:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee989c1 elementor-widget elementor-widget-image\" data-id=\"ee989c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"792\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2025\/02\/unnamed-13-1024x792.jpg\" class=\"attachment-large size-large wp-image-118323\" alt=\"\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2025\/02\/unnamed-13-1024x792.jpg 1024w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2025\/02\/unnamed-13-300x232.jpg 300w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2025\/02\/unnamed-13-768x594.jpg 768w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2025\/02\/unnamed-13.jpg 1136w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85ca511 elementor-widget elementor-widget-heading\" data-id=\"85ca511\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Golden Goose (high price, many customers)\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0fc8e25 elementor-widget elementor-widget-text-editor\" data-id=\"0fc8e25\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This is the best-case scenario. Many people need the product or service and are willing to pay a high price. These ideas have strong demand and high-profit potential.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apple\u2019s iPhones are a classic example. Millions of people want them, and they pay premium prices.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Certain online courses, like career coaching or investment training, attract a large audience and justify higher prices.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High-end software like Adobe Creative Suite serves professionals who need the tools to do their jobs and are willing to pay for them.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">If your idea falls into this category, it has the potential to become a highly profitable business.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db6d80a elementor-widget elementor-widget-heading\" data-id=\"db6d80a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Mass Market (low price, many customers)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a9cfd1 elementor-widget elementor-widget-text-editor\" data-id=\"5a9cfd1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">These products or services appeal to a wide audience but must be affordable. Businesses in this category rely on high sales volume rather than large profit margins per sale.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Books like <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/books\/\"><i><span style=\"font-weight: 400;\">I Will Teach You to Be Rich<\/span><\/i><\/a><span style=\"font-weight: 400;\"> are priced low but sell in high numbers.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Subscription services, like Netflix or Spotify, keep prices low but serve millions of people.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Everyday products, such as coffee or phone accessories, sell for a small profit per unit but make money through repeat purchases.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">If your idea lands in this category, the key is reaching a big enough audience to make the lower price sustainable.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58b3b5b elementor-widget elementor-widget-heading\" data-id=\"58b3b5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">High End (high price, few customers)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d26d29a elementor-widget elementor-widget-text-editor\" data-id=\"d26d29a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">These businesses cater to a smaller, more exclusive group of customers but charge high prices. Rather than mass appeal, the focus is on quality, exclusivity, or luxury.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Luxury brands like Rolex or Louis Vuitton sell expensive products to a niche audience.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High-ticket coaching programs or consulting services work with a limited number of clients but charge premium fees.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">My \u201c6-Figure Consulting Program\u201d helps <\/span><i><span style=\"font-weight: 400;\">already successful<\/span><\/i><span style=\"font-weight: 400;\"> business owners make more money.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">This model can be successful if your product offers enough value to justify the price.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc1f86e elementor-widget elementor-widget-heading\" data-id=\"fc1f86e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Labor of Love (low price, few customers)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db7465e elementor-widget elementor-widget-text-editor\" data-id=\"db7465e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This is the weakest category. The audience is small, and the price is too low to make real money. These ideas often start as passion projects but struggle to turn into profitable businesses.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Teaching people niche hobbies, like yo-yo tricks or calligraphy, may have limited demand.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Handmade crafts that take hours to create but sell for low prices often fall into this category.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Charity-based ideas where people expect free or low-cost access are difficult to scale.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Many people get stuck in this category because they are passionate about their ideas. However, unless there is a way to increase demand or charge higher prices, these ideas are difficult to turn into sustainable businesses.<\/span><\/p><p><span style=\"font-weight: 400;\">The Demand Matrix makes it easy to spot which ideas have real potential. If an idea falls into the <\/span><b>Golden Goose<\/b><span style=\"font-weight: 400;\"> or <\/span><b>High-End<\/b><span style=\"font-weight: 400;\"> category, it has a strong chance of success. If it lands in the <\/span><b>Mass Market<\/b><span style=\"font-weight: 400;\">, it can work if the audience is large enough. But if an idea sits in <\/span><b>Labor of Love<\/b><span style=\"font-weight: 400;\">, it&#8217;s better suited as a hobby unless there is a way to shift it into a more profitable category.<\/span><\/p><p><span style=\"font-weight: 400;\">You should now be able to identify your strongest ideas, but first, make sure you won\u2019t fall victim to any of these mistakes.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ec51933 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"ec51933\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9dbea7b\" data-id=\"9dbea7b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62b5562 elementor-widget elementor-widget-heading\" data-id=\"62b5562\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">6 Brutal Mistakes That'll Kill Your Business Before It Starts<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64da353 elementor-widget elementor-widget-text-editor\" data-id=\"64da353\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Many people fail before they even start, not because their idea was terrible, but because they made one of these avoidable errors.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e85c83 elementor-widget elementor-widget-heading\" data-id=\"1e85c83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Thinking your idea needs to be completely original\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b405219 elementor-widget elementor-widget-text-editor\" data-id=\"b405219\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A lot of people believe they need a brand-new, never-before-seen idea to be successful. That is not true. Some of the biggest companies in the world were not the first to do what they did. Facebook was not the first social network. Apple did not invent the smartphone. Netflix was not the first company to rent movies.<\/span><\/p><p><span style=\"font-weight: 400;\">What made these businesses succeed was execution. They took existing ideas and improved them. The real key is not coming up with something new but finding a way to stand out through better marketing, improved customer service, or a unique angle.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ac0214 elementor-widget elementor-widget-heading\" data-id=\"0ac0214\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Getting stuck in \"research mode\" forever<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8a308a elementor-widget elementor-widget-text-editor\" data-id=\"e8a308a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Reading business books, watching YouTube videos, and analyzing every possible outcome feels productive. However, if research does not lead to action, it&#8217;s just procrastination. Many people convince themselves they are \u201cnot ready yet\u201d and delay taking the first step.<\/span><\/p><p><span style=\"font-weight: 400;\">Spending months planning instead of testing an idea means missing real opportunities. The best way to know if an idea will work is to test it in the real world, not in a notebook. Set a deadline. If research is necessary, give it a time limit, then move forward. Businesses are built by doing, not just learning.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa430a9 elementor-widget elementor-widget-heading\" data-id=\"aa430a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Trying to serve everyone<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2afaded elementor-widget elementor-widget-text-editor\" data-id=\"2afaded\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A business that tries to be \u201cperfect for everyone\u201d usually appeals to no one. The best companies target a specific audience and focus on solving their problems better than anyone else.<\/span><\/p><p><span style=\"font-weight: 400;\">Instead of offering general fitness coaching, someone who helps busy professionals build efficient workout routines will attract more clients. A bakery specializing in gluten and dairy free desserts will stand out more than one selling a little of everything. A marketing agency working exclusively with real estate agents will be seen as an expert, while a generalist agency will struggle to get noticed.<\/span><\/p><p><span style=\"font-weight: 400;\">The more specific the audience, the easier it is to market, sell, and grow the business. If an idea tries to reach everyone, it risks being too broad to stand out.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-465ee58 elementor-widget elementor-widget-heading\" data-id=\"465ee58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Building something nobody asked for<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60f3da1 elementor-widget elementor-widget-text-editor\" data-id=\"60f3da1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Many businesses fail because they create a product first and try to force demand instead of checking if people need it. Startups have burned millions, developing apps nobody wanted. Restaurants have opened in locations without enough foot traffic to survive. Entrepreneurs have spent months on online courses that nobody was willing to buy.<\/span><\/p><p><span style=\"font-weight: 400;\">The best businesses solve real problems. Before investing time or money, talk to potential customers. Ask what they struggle with and see if they would pay for a solution. If the answer is no, the idea needs adjusting.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd3d87f elementor-widget elementor-widget-heading\" data-id=\"dd3d87f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Letting perfectionism paralyze you<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b04b401 elementor-widget elementor-widget-text-editor\" data-id=\"b04b401\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A common mistake is waiting for everything to be \u201cperfect\u201d before launching. The first version of any business will always need improvement.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The first Apple computer was built in a garage.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Amazon started by selling only books.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Airbnb\u2019s founders launched their idea by renting out air mattresses in their apartment.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">The earliest versions of most successful products were simple and flawed.<\/span><\/p><p><span style=\"font-weight: 400;\">Progress is more important than perfection. Instead of waiting, launch with what is ready and improve based on honest feedback. The faster something is tested in the market, the quicker it can be adjusted and optimized.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd412fa elementor-widget elementor-widget-heading\" data-id=\"bd412fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ignoring the numbers<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a041155 elementor-widget elementor-widget-text-editor\" data-id=\"a041155\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Passion is important, but numbers decide whether a business survives. Without tracking expenses, revenue, and profit margins, businesses risk failure before getting off the ground.<\/span><\/p><p><span style=\"font-weight: 400;\">For example, a restaurant that does not calculate food costs might sell dishes at a loss without realizing it. A freelancer charging too little might struggle to cover taxes, software, and marketing expenses. An online store offering free shipping might lose money on every sale if the pricing is not right.<\/span><\/p><p><span style=\"font-weight: 400;\">Knowing the numbers means knowing how much is needed to break even, make a profit, and grow. If an idea cannot financially support itself, it&#8217;s not a business but a hobby.<\/span><\/p><p><span style=\"font-weight: 400;\">Mistakes happen, but these six are avoidable with the right mindset and approach. Now that the most significant pitfalls are clear, the next step is picking the winning business idea from the list.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-49d38b3 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"49d38b3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c531bdf\" data-id=\"c531bdf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-714679f elementor-widget elementor-widget-heading\" data-id=\"714679f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to Choose Your Winning Idea<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56525bc elementor-widget elementor-widget-text-editor\" data-id=\"56525bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">At this point, you have a solid list of potential business ideas, but now comes the hard part: choosing the best one.<\/span><\/p><p><span style=\"font-weight: 400;\">Start by eliminating anything in the Labor of Love category unless money is not a concern. These ideas might be enjoyable but challenging to turn into profitable businesses. If the goal is to build something sustainable, focus on ideas that fit into the Golden Goose, Mass Market, or High-End categories.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15479e6 elementor-widget elementor-widget-heading\" data-id=\"15479e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Narrow down your list further with these questions\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e4d361 elementor-widget elementor-widget-text-editor\" data-id=\"4e4d361\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once you have removed weak ideas, ask yourself these questions to refine your choices.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Do you actually care about this idea?<\/b><span style=\"font-weight: 400;\"> Running a business takes time and effort. If you don&#8217;t have at least some interest in what you&#8217;re building, staying motivated will be tough when challenges come up.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Do people already pay for something like this?<\/b><span style=\"font-weight: 400;\"> If similar businesses exist, that\u2019s a good sign. It means there is demand. If nobody is offering something similar, it could mean there is no market for it.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Do you have an advantage in this area?<\/b><span style=\"font-weight: 400;\"> Maybe you have experience, a strong network, or access to resources that make getting started easier. Choosing something where you already have an edge increases the chances of success.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">You want to try to get your list down to just two ideas.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ec164e elementor-widget elementor-widget-heading\" data-id=\"2ec164e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Test before you commit<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fdd923 elementor-widget elementor-widget-text-editor\" data-id=\"7fdd923\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once you have narrowed the list to one or two ideas, test them with real people. At this stage, don&#8217;t ask friends or family since they will likely tell you what you want to hear (of course, you can run ideas by them earlier). Instead, find five potential customers and ask if they would pay for your solution. Their response will be more valuable than months of research.<\/span><\/p><p><span style=\"font-weight: 400;\">Your first business idea does not have to be your last. Most successful entrepreneurs pivot or adjust their approach along the way.<\/span><\/p><p><span style=\"font-weight: 400;\">The most crucial step is to get started. Choose the most promising idea and take action today. That could mean reaching out to potential customers, registering a domain name, or outlining your first offer. Whatever it is, get started, gain experience, and adjust accordingly.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-875c904 elementor-widget elementor-widget-shortcode\" data-id=\"875c904\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<section data-elementor-type=\"section\" data-elementor-id=\"106480\" class=\"elementor elementor-106480\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-51156e1 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"51156e1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e992b0\" data-id=\"4e992b0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1b51f67 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"1b51f67\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fa237b9\" data-id=\"fa237b9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b341c44 elementor-widget elementor-widget-heading\" data-id=\"b341c44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\">If you like this post, you'd love my Ultimate Guide to Profitable Business Ideas<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccbe91b elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"ccbe91b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"193\" height=\"300\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Business-Ideas-ts-193x300.png\" class=\"attachment-medium size-medium wp-image-106733\" alt=\"UG to Business Ideas\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Business-Ideas-ts-193x300.png 193w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Business-Ideas-ts.png 610w\" sizes=\"(max-width: 193px) 100vw, 193px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5130b32 elementor-widget elementor-widget-text-editor\" data-id=\"5130b32\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It&#8217;s one of the best things I&#8217;ve published (and 100% free), just tell me where to send it:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85bbeee elementor-widget elementor-widget-qi_addons_for_elementor_wp_forms\" data-id=\"85bbeee\" 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id=\"wpforms-96398-field_20\"><strong>If you like this post, you'd love my Ultimate Guide to Profitable Business Ideas<\/strong><\/div><\/div><div id=\"wpforms-96398-field_21-container\" class=\"wpforms-field wpforms-field-html\" data-field-type=\"html\" data-field-id=\"21\"><div id=\"wpforms-96398-field_21\">It\u2019s one of the best things I\u2019ve published (and 100% free), just tell me where to send it:<\/div><\/div><div id=\"wpforms-96398-field_10-container\" class=\"wpforms-field wpforms-field-name\" data-field-type=\"name\" data-field-id=\"10\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-96398-field_10\">First Name <span class=\"wpforms-required-label\">*<\/span><\/label><input type=\"text\" id=\"wpforms-96398-field_10\" class=\"wpforms-field-medium wpforms-field-required\" name=\"wpforms[fields][10]\" placeholder=\"First Name\" required><\/div><div id=\"wpforms-96398-field_11-container\" class=\"wpforms-field wpforms-field-email\" data-field-type=\"email\" data-field-id=\"11\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-96398-field_11\">Email <span class=\"wpforms-required-label\">*<\/span><\/label><input type=\"email\" id=\"wpforms-96398-field_11\" class=\"wpforms-field-medium wpforms-field-required\" data-rule-restricted-email=\"1\" name=\"wpforms[fields][11]\" placeholder=\"Email Address\" spellcheck=\"false\" required><\/div><div id=\"wpforms-96398-field_19-container\" class=\"wpforms-field wpforms-field-html\" data-field-type=\"html\" data-field-id=\"19\"><div id=\"wpforms-96398-field_19\">Along with the guide, I'll also send you my Insiders newsletter where I share other exclusive content that's not on the blog.<\/div><\/div><\/div><!-- .wpforms-field-container --><div class=\"wpforms-submit-container\" ><input type=\"hidden\" name=\"wpforms[id]\" value=\"96398\"><input type=\"hidden\" name=\"page_title\" value=\"\"><input type=\"hidden\" name=\"page_url\" value=\"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/118320\"><input type=\"hidden\" name=\"url_referer\" value=\"http:\/\/www.iwillteachyoutoberich.com\/how-to-come-up-with-a-business-idea\/\"><button type=\"submit\" name=\"wpforms[submit]\" id=\"wpforms-submit-96398\" class=\"wpforms-submit button2\" data-alt-text=\"Sending...\" data-submit-text=\"Send me the guide!\" aria-live=\"assertive\" value=\"wpforms-submit\">Send me the guide!<\/button><\/div><\/form><\/div>  <!-- .wpforms-container --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fd482ad elementor-hidden-mobile\" data-id=\"fd482ad\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cb86639 elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"cb86639\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"610\" height=\"950\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Business-Ideas-ts.png\" class=\"attachment-medium_large size-medium_large wp-image-106733\" alt=\"UG to Business Ideas\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Business-Ideas-ts.png 610w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Business-Ideas-ts-193x300.png 193w\" sizes=\"(max-width: 610px) 100vw, 610px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/section>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Most people believe they have a great business idea, but many fail before they even start. The problem is not effort or motivation\u2014it&#8217;s the idea itself. In this article, you\u2019ll learn how to use my Demand Matrix to filter out weak ideas and focus on those with real potential. Crucial Factors You Need To Know [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":118321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"","_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[223],"class_list":["post-118320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-start-a-business"],"acf":[],"aioseo_notices":[],"modified_by":"ljknoll95@gmail.com","_links":{"self":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/118320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/comments?post=118320"}],"version-history":[{"count":0,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/118320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media\/118321"}],"wp:attachment":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media?parent=118320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/categories?post=118320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}