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AskGH: How To Grow A Business From $0 to $100,000/mth with $1,000
I'm not sharing my $100,000 per month business idea with you. Sorry.
The business model for what you're describing is the crowdfunding model like a Kickstarter campaign. You pitch an amazing idea to the general public and have them fund the development of the product. You use the $1,000 for promotional materials like a nice website and video to help spread the information. And lastly, you hustle your butt off.
Can you mention here in what filed you want to $0 to $1,00,000. Because first you should be focus on your field to grow your business.
I must say it depends on your idea and certain marketing techniques that might be helpful to grow business. As marketing plays an important role in the growth of any business. You need a strong hands on it as its the way to attract customers and to reach to the target audience and your niche market. On the other hand, if we talk about the people's interest, they need services that can be made accessible in their everyday routine. Since on-demand services fulfilling the requirement that's why though lately but it's getting favorite because it helps them in their daily routine.
So if you want to grow a business, you must know about the need of the target audience and requirement of the market so that people love to pay for it and helps you to grow a business.
Here I find an article about business trends to make you successful might be helpful.
Yeah, it is true that a new product/business needs to be 'customer-centric', else even with the best marketing techniques it would be close to impossible to find the success one is looking for
I believe it is a high time to invest in Bitcoin. The investors initial investment, is the token. It will stay in from project to project, but can be traded on exchanges. As projects reach certain benchmarks the currency will rise because the ROI will soon be realized therefore reducing the availability of the token. The token should never drop below the original price of $1 and will likely fluctuate between $2-$4 for the life of the currency. This ICO launches in Novemeber.
The currency has a hard cap of 1.07 million USD and is being conducted under an SEC waiver. Read more about a public vs private blockchain (https://blockchain.intellectsoft.net/blog/public-vs-private-blockchain/)
Sell first get the paying customers and spend 1k on delivering the product/service at the best possible level
I thins AI & ML development has a lot of potential for startups. You can ask these guys for advice https://spd.group/ai-development/
Here is the list of 6 proven business growth strategies for startups
#1. Expand the reach of your business by opening in another location
#2. Diversify your products and services
#3. Study the competition
#4. Keep tracking your results
#5. Promote your business online
#6. Offer Your Business for Franchising
This article will helps you for understanding these strategies in positive manners. Refer this link https://www.fatbit.com/fab/business-growth-strategies-for-startups/
Where's the article?
I agree that it was a bit misleading. It's actually an AskGH, so Shaun Ling is asking how to do it. It may trigger me to ask how to lose 20 pounds in a week without changing my eating or exercise :)
Your question is easy to answer - I keep eating food, not much exercise and yet I keep losing weight! There is a one word answer for that: Metabolism.
But it isn't going to work for you - because it isn't that easy to fix.
Coming back to the original question: When you have a small budget to play with and a large goal to achieve then it is best that you plan more and implement less. You will run out of your little budget very quickly and if you want to stop that burn, then start planning.
Your best choice is Crowd Funding - mentioned above already. The process however is going to be really tough. Start with these things:
1) Landing page - $200 (Custom Coded on WordPress)
2) Crowd Speaking - $200 (Try it on a few platforms: ThunderClap, GuestCrew, HeadTalker)
3) Email List - Catch your leads on the Landing page, drive traffic to it via. these Crowd Speaking site.
4) Build up your social media following (Free)
5) The process so far can take 3 to 6 months. Once you have done everything so far correctly and have a decent email lead building up - start your Crowd Funding campaign.
6) Once your Campaign is running, spend the rest of your funds in Facebook ads, services to push Crowd Funding campaigns up etc.
This will get you a decent chance to make something out of your $1k. This might not be enough to reach $100k but atleast you will have some customers around your product and services - you will get the start. From there on it is totally up to you on how best you scale.
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