This is a cool piece of advice that finding something people ALREADY BUY is a strong signal they want that product, pay for that product, and there's demand for that product.
This X post reads:
Simplest path to making money:
1) Find a service people already buy
2) Do it in half the time, make it twice as easy for the customer, or remove all risk
3) Ask everyone you know if they know anybody who wants it
4) Charge more than everyone else
5) Don't stop when u get bored
Interesting way to approach things!
Image Description
The image is a screenshot of a social media post by Alex Hormozi. It outlines a five-step approach to making money, emphasizing finding services people already buy and improving them.
Positive Aspects
The image effectively captures a concise, actionable strategy for business success. It provides a clear, step-by-step guide that aligns well with the blog post's theme of improving existing products or services. The directness of the message makes it easy for readers to grasp and apply.
Key Takeaways
- Identify products or services with existing demand as a starting point for business ideas.
- Improve these services by making them faster, easier, or less risky for customers.
- Leverage personal networks to find potential customers.
- Consider charging a premium by offering superior value.
- Persistence is key—don’t abandon the effort at the first sign of boredom.
Additional Insights
Finding an existing market with proven demand is like having a cheat code in business. You're not guessing if people want what you're offering; you're simply improving on what's already there. It's like taking a hit song and doing a remix that everyone ends up loving even more. Also, charging more might sound counterintuitive, but if you’re delivering twice the value, people will happily pay the premium. Keep pushing even when the novelty wears off—success often requires enduring past the initial excitement.
