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How to get start-up ideas that make money

Really excited about this post so i'm just gonna get right into it.

How to get a good start-up ideas

Two main methods:

  1. Organic
  2. Brute force

By organic, i mean simply working on projects (or your 9-5 job) and coming up with ideas from personal problems that arise. This is the "safest" approach to getting start-up ideas, as they inherently have a degree of validation.

Now my favorite :D
The other way is to brute force getting a start-up idea. Most people when talking about finding a start-up idea are referring to gathering data, maybe doing keyword research to find market gaps, or going to G2, Quora, Reddit etc. Although thats an okay approach and it does have it's place, it's not where you should start.

The "correct" and most "optimised" way to do it is by following these steps:

  1. Pick an industry that is already established, has competition and is growing right now locally to you, so you have easy access to knowledge (Remember, you probably don't know the industry), customers and there's room for you to make money (For this example let's say we chose HR professionals).
  2. After we have picked our industry, depending on what it is, you choose a channel where the companies of that industry organically communicate. Might be facebook, linkedin or simply phone numbers, emails etc. (For sake of example, lets say LInkedIn)
  3. After you have an industry and you have 1 channel you think you can talk to them from, you create a google sheets with 5 columns (A check box (Connected or not connected), Full name, Company Name, LinkedIn, Call Notes). Then you are going to go and feel out this google sheet with exactly 50 contacts. Different companies if possible and ONLY decision makers, that means ONLY CEOs, Managing DIrectors, C-Suites in general. Those are the people that if you were to go and sell your product or service to would give the "Yes" to buy it.
  4. Then you are going to send connections to every single one of them, no need to write any message, just send a connection (Yes that's fine, it's not weird).
  5. The ones that accept your connection, you send them this exact message after a day or two.

Hey mr./mrs. {Name}!

"""
Really admire the {executive/entrepreneurial} work you have done in {Company name or industry}. I mean, i don't think it's easy to see a resume more impressive than {#1 Achievement}, {#2 Achievement}, {#3 Achievement}.

Being a founder of a start-up in the {Market/Industry} myself i would absolutely love to talk to you about the industry to get to know it a little better and see how i could help.

Hope we get to talk!
"""

  1. The ones that respond, you schedule a call or video call where you are going to ask open-ended questions about problems they have as a company in general. ! IMPORTANT !, when you try to schedule a call don't say "when are you available" or something similar. Say:
    Here are a few different options for a time and date, which one works better for you?
    Date + Specific Time (Better to be around 10:00-14:00)
    Date + Specific Time (Better to be around 10:00-14:00)
    Date + Specific Time (Better to be around 10:00-14:00)

If you want to get better at asking the questions on the actual call, just remember... There is LITERALLY no pressure, you don't even have an idea yet, you aren't selling anything. You. Don't. Have. To. Make. A. Good. Impression. Just be curious, if something sounds weird ask about it.
7) After you are done, write down in your google sheets everything you learned.
8) Do this until you have 15-20 calls
9) Try to find patterns. Is there a repeating problem most of them have that you can solve?
10) No? Go to a different industry and try again
11) Yes? Amazing. You have a start-up idea, validated for the most part. Best thing about this approach? You can go back and ask the people you talked with about either being your first customers and getting an early adopter discount so you have REAL validation OR asking them to fund your venture.

Cool, now go get started. If you get good at this proccess it can be done in 3 days. Image being able to validate start-up ideas in 3 days.

If you have any questions, comment them. Or find me at X.com @Start2Fund

posted to Icon for group Growth
Growth
on July 5, 2024
Trending on Indie Hackers
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