How To Get Business Ideas (Step-By-Step Guide & Tips From 8-Figure CEO)

Work sucks, start a company, it’ll be fun. We invest up to $100k and build with you for 4 months. Apply at www.athena.vc — Step-by-step guide with screenshare on how to come out with business ideas that are actually good using the same methods I used to grow my own business, ContactOut to over $10 million in revenue. How to get business ideas: We'll go through how to study 100s of companies in an industry in order to become an expert I'll do a screen share were I go through dozens of competitor products break down what I learnt from them, and how I incorporated different ideas in ContactOut's final product. We'll study the marketing channels that different firms are using and how to reverse engineer them in order to get traffic, via SEO, paid ads, partnerships and social media. I go over developing a sales process by booking sales demos with dozens of competitor companies, recording all of them and taking the best parts. And taking all the sales collateral and pitch decks as inspiration. Then I'll share what I learn from hundreds of conversations with users, ex-employees of competitors, founders and industry experts in the space. Finally we'll cover the grit and perseverance needed for success. Grit is the most important factor. 00:00 Introduction and Course Overview 00:37 Choosing the Right Industry 02:11 Evaluating Startup Ideas 03:00 Learning from Top Investors 04:03 Exploring Emerging Technologies 05:18 Identifying Market Gaps 07:20 Studying Competitors and Market Research 10:36 Building a Better Product 14:08 Sales and Marketing Strategies 17:26 Learning from Industry Experts 22:50 User Feedback and Iteration 24:55 Final Thoughts and Motivation — Connect with Rob on: → LinkedIn   / robliu   → Instagram   / robliuliu   → TikTok   / rob.liu   → X/Twitter   / robliuliu