Graybeard
Well-Known Member
Step #1: Find a few offers that you think have possibilities
Step #2: Make a spreadsheet
Blank column for your scoring, append a page for each offer
Score |Question
0-10 | Would you buy it and use it yourself? << like this
total each offer or vertical's score
Chose the offer or vertical with the best score that you assign ...
You can adjust the why, can, do, would to apply better ...
compiled from Choosing a Product or Service to Sell
I tried it with a few verticals I am looking at -- this was insightful to say the least...
The worlds briefest and least spammy tutorial
*** the questions ***
What kinds of products do you like, enjoy, consume and benefit from?
Do you like the product or service you're planning to sell?
Can you see yourself getting excited about this product or service?
Would you buy it and use it yourself?
Would you sell it to your mother, your best friend, your next-door neighbor?
Can you see yourself selling this product or service for the next five to 10 years?
Is this a product or service that you intensely desire to bring to the marketplace?
What does the product achieve, avoid or preserve for the customer?
How does the product improve your customer's life or work?
What kind of customers will you be selling the product to?
Do you personally like the customers who'll be buying this product or service?
Is there a real demand for the product at the price you'll have to charge?
Is the demand large enough for you to make a profit?
Is the demand concentrated enough so you can advertise, sell and deliver the product at a reasonable expense?
What is to be sold, exactly? Describe the product in terms of what it does for the customer.
To whom is the product going to be sold? Describe your ideal customer.
What price will you have to charge for the product for it to be profitable?
Who's going to sell the product?
How is the product to be sold? What method of sales, or process of promotion, will you use?
How is the product or service to be manufactured or produced?
How is the product going to be paid for and by whom?
How is the product or service going to be delivered to the customer?
How is it going to be serviced, repaired, guaranteed or replaced?
Is there a real need for the product or service in today's market?
Is your new product or service better than anything else currently available?
What are the three ways that your product is superior to your competition?
Is your product lower priced or of better quality than anything else that is available?
Do you think you could become the number-one supplier in the market for this product or service?
Step #2: Make a spreadsheet
Blank column for your scoring, append a page for each offer
Score |Question
0-10 | Would you buy it and use it yourself? << like this
total each offer or vertical's score
Chose the offer or vertical with the best score that you assign ...
You can adjust the why, can, do, would to apply better ...
compiled from Choosing a Product or Service to Sell
I tried it with a few verticals I am looking at -- this was insightful to say the least...
The worlds briefest and least spammy tutorial
*** the questions ***
What kinds of products do you like, enjoy, consume and benefit from?
Do you like the product or service you're planning to sell?
Can you see yourself getting excited about this product or service?
Would you buy it and use it yourself?
Would you sell it to your mother, your best friend, your next-door neighbor?
Can you see yourself selling this product or service for the next five to 10 years?
Is this a product or service that you intensely desire to bring to the marketplace?
What does the product achieve, avoid or preserve for the customer?
How does the product improve your customer's life or work?
What kind of customers will you be selling the product to?
Do you personally like the customers who'll be buying this product or service?
Is there a real demand for the product at the price you'll have to charge?
Is the demand large enough for you to make a profit?
Is the demand concentrated enough so you can advertise, sell and deliver the product at a reasonable expense?
What is to be sold, exactly? Describe the product in terms of what it does for the customer.
To whom is the product going to be sold? Describe your ideal customer.
What price will you have to charge for the product for it to be profitable?
Who's going to sell the product?
How is the product to be sold? What method of sales, or process of promotion, will you use?
How is the product or service to be manufactured or produced?
How is the product going to be paid for and by whom?
How is the product or service going to be delivered to the customer?
How is it going to be serviced, repaired, guaranteed or replaced?
Is there a real need for the product or service in today's market?
Is your new product or service better than anything else currently available?
What are the three ways that your product is superior to your competition?
Is your product lower priced or of better quality than anything else that is available?
Do you think you could become the number-one supplier in the market for this product or service?