
"Start marketing" - Rob Walling (https://robwalling.com/assets/ebook.pdf) I recommend the article on "Why Startup Founders Should Stop Reading Business Books" ;)
(don't know where I got this...)
Ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.
Explanation:
AWFUL IDEA -1
WEAK IDEA 1
SO-SO IDEA 5
GOOD IDEA 10
GREAT IDEA 15
BRILLIANT IDEA 20
NO EXECUTION $1
WEAK EXECUTION $1000
SO-SO EXECUTION $10,000
GOOD EXECUTION $100,000
GREAT EXECUTION $1,000,000
BRILLIANT EXECUTION $10,000,000
To make a business, you need to multiply the two.The most brilliant idea, with no execution, is worth $20.
The most brilliant idea takes great execution to be worth $20,000,000.
That’s why I don’t want to hear people’s ideas.
I’m not interested until I see their execution.
All I can say is try to do a market analysis to see who the competition is and where there are opportunities within the space.
Pat Flynn's Will It Fly book covers this pretty well under the market map section.
Pat Flynn had this idea of making a market map in his book Will It Fly. I think this is similar to Amy Hoy's Sales Safari. The idea is to go around online forums and other places where users are having discussions. You look for pain points by certain keyword questions.
These method works great when there is a forum and a good number of people discussing a problem. But if you recall the 1% rule, there are 99% of the people not talking online and contributing content.
Rob Walling had another method where he used the Google Ad tools to gauge search volume. I am not sure if this really works anymore given changes to those tools.
This makes me wonder if finding product market is really just luck. What is your take on this? Is it luck or are there better methods?
I have built stuff that nobody wanted. I put in far too much time on these projects only to hear crickets at launch.
Here are a couple of books that I found helpful for getting me to approach things from a different perspective:
$100 Startup by Chris Guillebeau
Will It Fly by Pat Flynn
This is Marketing by Seth Godin
