3 Steps for Turning Your Passion Into a Profitable Startup
Curated from: inc.com
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Inspiration for a business idea
It can come from anything: a unique personal experience, witnessing a problem and seeing the possibility for a better solution, even walking down the street.Â
Everyone harbors inner creativity, but the question is: How do I nurture that inspiration and take the next step?
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Nurture your creativity
- Write your ideas down. Document ideas as they form so they become less siloed, and consequently, you can see connections between those ideas and other pieces of outside information.
- Turn to the people around you. By using your community to reiterate and refine your creative ideas, it can make those ideas (and your content) even better.
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Find your niche
- What differentiates your ideas and content from others in the space? The more specific the content, the more opportunity to build the business.Â
- How can you find your niche? Use platforms like Twitter, Instagram and Reddit: Engage with shared content enthusiasts and discover subcommunities through hashtags, explore pages, liked posts and more. By leveraging these enthusiast groups, you can identify what direction to take your ideas to create the most value for the right people.
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Leverage the right tech
- Identify the right tools that will help you share your content with your audience. Whatever the platform, make sure it's helping you get more eyeballs on your content.
- Your last and critical step is to identify the platform that will help you monetize, whether it's through ads, subscriptions, individual sales, patronage, commerce, or another channel.
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