Are you considering creating or selling a product as part of your business or entrepreneurial venture?
If so, Ron Lynch (who has extensive experience doing exactly that) has 4 great suggestions for you.
Watch the video below (from the Revealed Films docu-cast Paycheck Solution) and hear what Ron has to say:
The 4 key things anyone should deeply look at when they’re deciding to sell or promote a product:
1. Are we providing an innovation to the world?
Is the product new and useful? Will it actually change someone’s life and bring value to the world?
2. Is there an audience for it?
Are there people who are looking for this product? Is there a true need for it? You want to approach this with empathy and innovation.
3. Is there margin in it?
This isn’t a question of how much money you can extract from someone. You need to know if there’s enough profit in it so that you can continue to propagate the system and provide the product long-term.
4. Can I communicate this?
There’s a story behind every product. Can you tell the story so that others understand? Can you explain why this product has value?
Answering these 4 important questions before you start is a vital step towards success!