3 Secret Ways to Generate $1M SaaS Ideas

you're sitting down trying to come up with that startup idea that'll take your life to the next level and finally allow you to leave your 9 to-5 job but then this happens so many entrepreneurs face this exact same problem however over the past couple decades in Silicon Valley methodologies have been developed to come up with ideas that can completely change your life in a short period of time want to know how well in today's video I'll be teaching you three proven strategies to come up with million-dollar ideas that my student have used to raise tens of millions of dollars over the last couple years let's Jump Right In a very successful entrepreneur called J samit said that if you use this next strategy over the next 30 days you'll have more million dooll ideas than most investors in Silicon Valley so what's this approach and how can you use it this is Drew Houston and he was traveling on a bus going from Boston to New York for work when he realized that he had forgotten his thumb drive with all of his work on it now incredibly frustrated over having to choose whether he would arrive late to work or come completely unprepared at that moment he promised himself that he never wanted to face this issue again and that my friends was the birth story of Dropbox a cloud storage company that solved that problem and is now worth $8 billion now the point of this story is that people hate problems in fact they're happily willing to pay to have problems disappear and I don't mean in that Tony Soprano Mafia kind of way I mean where there's a problem there's usually a startup idea or opportunity to solve it and that my friends means dollar bills where my money gun when I need it what I don't have a money gun oh who am I kidding I'm talking to myself here anyway here are three steps to implement this problem-based approach to coming up with million-dollar startup ideas step one over the next 30 days every single day you just take 15 minutes and write down a problem that you faced or that you've seen in the world maybe you lost your keys or maybe your lawnmower broke down or maybe you had to listen to your mother-in-law for an hour tell you how to run your life now three problems a day doesn't seem like too much but trust me after day 20 it's going to be really difficult and you're going to have to dig deep to find these problems in the world but after 30 days you should have 30 problems written down step two is going to be to rate each problem from 0 to 10 on three criteria how often does it happen how severe or painful is that problem and are they actively looking to solve this problem so now each one of your problems is going to have a rating between 0 and 30 and you want to put them in order from the highest to the lowest and step three is that for those top 10 problems that you have that rank the highest you're going to come up with three ideas of products that could solve that problem and Tada just like that you have 30 ideas problem equals startup idea lost your keys well there's a product called tile that helps with that your lawnmower broke down task rabbit mother-in-laws trying to tell you how to run your life well not all problems have Solutions Okay Christian but I had actually already heard about this problem based approach okay fine but I bet you haven't heard about this next strategy the secret around this next method is in this fish that my friends is called a rora fish also known as the sucker of the sea whoa sorry buddy it's not me it's the internet saying that but why are they called like that and frankly why should you care well you see these fish have a suction pad on the top of their head that allows them to attach to larger sea creatures like whales sharks Turtles allowing them to Hitch a longdistance free ride but they aren't just in it for the Free Ride they also get a free meal with sharks they get to eat clouds of flesh after an attack takes place and with whales they feed off parasite inside their teeth and on their skin so why am I suddenly going all National Geographic on you well because this is the perfect analogy for the next strategy that I call the Remora strategy this is where you find a large and growing company and choose to build products for their customers but the goal here is not to compete directly it's to create complimentary services and goods that can service the exact same Target customer so if you chose Airbnb for example you could for hosts create a subscription for small shampoo bottles and soap or you could create a property management startup for people who have airbnbs but don't want to go through the hassle of managing them now this strategy is amazing for three key reasons number one is that you get to ride the existing demand that is created by this larger company just like the fish rides the shark number two is that you can let them go out there and find the customers and then you can just identify those customers and go and sell to them free lunch and number three most of these massive companies don't care about the million dooll scraps left on the side so for this idea come up with 10 companies and for each one of those come up with three ideas of complimentary products that these individuals would have just by knowing that they use this specific service and by the way if you're looking for a structured approach to come up with these business ideas instead of just sitting on your couch and waiting for that light bulb moment then check out our course called idea generation and prioritization where we teach you several strategies to come up with a list of startup ideas and then how to determine which one to build out first you'll get templates and worksheets and you can find all of that in the description box now for this next strategy I want you to go out and buy a crystal ball because I'm going to teach you how to predict the future okay not really but hear me out here Windows of opportunities constantly open as the world changes and if we're able to predict some of these Trends we're able to identify businesses that are not being built today to address tomorrow's needs and so there are many types of trends that we can look at about 10 years ago a legislation was passed that allowed individuals to invest in startups and to be able to own a piece of that startup's Equity now as a result of that there was a boom of crowdfunding startups like Republic that generates millions and millions of dollars every year so political Trends or changes can give way to huge opportunities economic trends like the recession can give way to companies like Groupon which actually was born in the middle of the 2008 recession technological advances like the release of the Apple Vision Pro for example which is a headset that gives access to an entire world of new apps built in that ecosystem and this has been going on forever and ever the internet gave way to e-commerce electricity gave way to the light bulb and if there's one thing we can count on is that things will constantly change so sit down and figure out which Trends you can identify in the market you can read articles research the internet find forums then for each one of those ideas I want you to come up with 5 to 10 startup ideas that would Target that change so you have a startup up idea what next now most importantly my friends remember that ideas are a dollar a dozen they do not matter at all so everything I just taught you right now is completely useless unless you actually take action with that idea and that's why I created this video to teach you how to test and validate your startup idea in 24 hours or less so definitely check it out and I'll see you guys soon and if you're not subscribed you're going to miss out cuz I have some exciting new videos I'm about to release

Channel: WeAreNoCode

Views: 12,363

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Id: yo8LXUr2Uuc

Length: 6min 24sec (384 seconds)

Published: Thu Mar 28 2024