7 lessons from the book “12 Months to $1 Million” by Ryan Daniel Moran:
1. 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.
2. Create a strong identity for your product. Build trust with customers by delivering high-quality goods and excellent customer service.
3. 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.
4. 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.
5. Listen to your customers feedback and use it to improve your products and services. Happy customers are more likely to return and refer others.
6. Keep track of your expenses and revenue. Understand your profit margins and cash flow to ensure your business remains sustainable and profitable.
7. Entrepreneurship is a journey with ups and downs. Stay committed to your goals, adapt to challenges, and keep learning from your experiences.
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