7 lessons from the book "12 Months to $1 Million" by Ryan Daniel Moran:
- Find a profitable product, look for products that solve a problem or fulfill a need in the market. Research what people want and are willing to pay for.
- Create a strong identity for your product. Build trust with customers by delivering high-quality goods and excellent customer service.
- Design your business so it can grow rapidly. Automate processes, delegate tasks, and use systems that allow you to handle more sales without increasing stress.
- Use social media, advertising, and partnerships to reach your target audience. Understand where your customers spend their time and how to engage with them effectively.
- Listen to your customers feedback and use it to improve your products and services. Happy customers are more likely to return and refer others.
- Keep track of your expenses and revenue. Understand your profit margins and cash flow to ensure your business remains sustainable and profitable.
- Entrepreneurship is a journey with ups and downs. Stay committed to your goals, adapt to challenges, and keep learning from your experiences.
More to read: