What need does your product fill and who will buy it? How do you make money?

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  • December 9, 2013 at 1:47 pm #709
    nickbassill
    Keymaster

    You want to know how you will make money from your product or service?
    What assumptions are you making about your product/service and business?
    Will you be selling your product/service?
    What do you estimate it will cost to provide?
    How much can you sell it for?
    Will your proposed customers pay this price?
    How many will they buy in one year?
    Will this product/service generate enough income for you to live off of?
    Your assumptioms you make above are just guesses until you go out and talk to potential customer and get their feedback. Will they buy in the amount and at the price you need to make money?

    Check it out!

    • This topic was modified 10 years, 4 months ago by nickbassill.
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