Do you want to succeed in your startup?
Pricing Your Product
A lot of startups treat pricing as a math problem or, worse, an afterthought. Pricing is as much an art as it is a science, one that relies as much on marketing and psychology as it does on classical economics.
The most valuable form of marketing , you can’t buy it. You can only deliver it. Aside from the product you are offering, if for example you’re deciding about merch pieces, t-shirts or hats or stickers, they have to be weill designed and cool enough for somebody to want to buy it or the wear it, walk around advertising the brand of your startup.
Creating Questions for Foodpreneurs
With this in mind, your first step is creating questions to get experiential information from anyone operating a similar or identical food business as yours.
For instance, if you dream of opening a restaurant, you’ll create specific questions for this type of business and interview restaurant owners.
Based on the type of food business you’d like to start; the questions you create should be specific.
Growth vs. fixed mindset: SOLOMON TIMOTHY
The mindset every entrepreneur must master is a growth versus fixed mindset.
A growth mindset views the opportunities ahead as limitless.
A fixed mindset is limited by the current state of things.
Successful entrepreneurs largely focus on a growth mindset, as it allows them to think big and push forward.
Take Precautions to Protect Your Idea Before showing It Around- Stephen Key
The value of your network goes well beyond providing insights into the market.
Your contacts can open doors to money, customers, vendors, and high-level employees.
Geri Stengel-president of Ventureneer
Whether we are helping you develop a menu, design a logo, website or marketing piece, or advising on how to solve employee issues, we believe that it is better, and more profitable, to keep things simple.
The simpler your plan is, the more likely you will be to follow through on it and succeed.
When a plan is simple, it requires less
time, less labor, less supervision, less planning and less money.
Believes providing good food and service is only a 1/3 of the battle for restaurant owners – the other 2/3 is effectively marketing and managing your restaurant.
Pearls of Wisdom Series for Startups on Blogging
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Success in demand generation is like cooking: It’s the just-right combination of careful planning, meticulous measurement, and making sure the oven is always set to the right temperature. - Oracle Blog
Neil Patel’s Words of Wisdom for Aspiring Entrepreneurs
Tips on How to Deliver a Pitch Investors Simply Can't Turn Down -–Part 2
3. Be laser-focused.
Investors' time is their most valuable asset. If you convey a respect for their time, they will interpret that respect as your ability to treat their funding with respect.
4. Explain exactly what your product or service is.
Show your potential investors a picture of, or give them the actual product to handle.
Tips on How to Deliver a Pitch Investors Simply Can't Turn Down
v1. Take only ten minutes.
Timing is critical. The less time your pitch takes, the better.
v2. Turn your pitch into a story.
Storytelling is a scientifically-proven way to capture a listener’s attention and hold it. Besides, it makes your pitch unforgettable.
For an E-commerce site, not only reaching out to new customers but also to make them return to your site is important..
The chances of buying a product by a recurring customer are very much than a new client.
üReceiving Customer Feedback Too Late
üAssessing How Much It Costs to
Acquire a Customer Too Late
üOwning and running a Restaurant Business requires technical and business skills very specific to that industry
üOn top of that you need the motivation to get into that trade
üNo one is born a star or a successful chef and everyone starts with the basics that form backbone of a star kitchen.
üNo matter how fancy, good looking and tasty a dish is, its core depends upon the basic preparation and if it is not delicious, no one will have it.
üSo cooking a tasty meal is what is most important as a chef.
üStart-up firms, small & medium businesses, Digital Marketing is one way that can provide these businesses the chance to compete and attract their share of targeted traffic.
üThese small firms and the start-ups have very less resources as well as capitalization to explore.
üHenceforth, it is Digital Marketing that provides them with a cost-effective marketing platform that delivers best results and Business goals.
ü “I asked my 8 year old son and 10 year old daughter, who have had me working from home since their toddler years, how they would like to encourage other moms.
ü Their response was, ‘Stick to what you're doing. Do what is healthy for you and your kids.’ As I began typing, I left out the ‘you’ part. My son immediately said, ‘That's important. You have to remind the moms to do what's best for them, too.’ He's right.
are often so worried about everyone else, that we forget to take care of
My visits to Kuala Lumpur and Jakarta spotted an idea- Arunabh Sinha
More than 3000 in each City
U- Clean- A self-service Laundromat
My frequent Vacations spotted an idea- Aditi Balbir
V.Resorts an online portal platform to book experiential stays
Concept: Leisure Business
üThe key word here is "social."
üUsing social media (SM) is a great way to open two-way communication with your audience.
ü SM allows you to talk with people in a way that's more difficult to achieve on your website -- to tell your story in a more informal way.
vHigh fit means low customer acquisition cost, high loyalty, and high lifetime customer value.
vLow fit means high customer churn, high customer acquisition costs, and low loyalty.
v It really is like a magnet: in one polarity it attracts customers, and in the other, it repels them.
WoW Series #31
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