Categories Videos How to find Multi-Million dollar business ideas Post author By Admin Post date August 30, 2018 No Comments on How to find Multi-Million dollar business ideas https://www.youtube.com/watch?v=T1x__ImnOsA Transcript 0:01 What’s up YouTube? 0:02 This is Steve with the Dukes of Startup. 0:05 Today we’re going to talk about 4 skills to create multi-million dollar business ideas, 0:11 but stay tuned to the end because we will give you a bonus fifth skill, for free. 0:21 Two important mindsets to keep in mind while using these skills to create multi-million 0:32 dollar business ideas. 0:34 First, customer validation is key. 0:38 When you’re building a business you have got to keep your customers in mind. 0:42 If you’re customers don’t want it, ain’t no one gonna want it. 0:45 Keep talking to them, keep them in the loop, and know, most of all, know what they want. 0:52 And the most important mindset to have is to “Just Start.” 0:57 There are too many people that want to start a business, and have a good idea, but they 1:03 never do anything about it, and guess what that makes them? 1:06 Zero dollars! 1:07 You don’t make any money on a failed business, or a business that never gets off the ground. 1:14 The first skill to finding your multi-million dollar business idea is just write it down. 1:20 Keep a notepad with you, I don’t care if it’s on your phone, or if you tattoo it across 1:24 your chest, doesn’t bother me. 1:26 Just make sure you have it somewhere where you can review it. 1:30 Skill number 2 is to just look for freaking trouble. 1:33 How many times do people tell you to stay out of trouble? 1:36 No, NO! 1:37 That’s not going to make you money. 1:40 Look for something that irritates or annoys people. 1:42 When you find that, chances are, people will empty their bank accounts on you. 1:49 I’m serious, it works! 1:51 It works a lot. 1:55 Skill 3 to find a multi-million dollar business idea. 1:58 Look for customer’s complaints. 2:00 It goes along with skill two “looking for touble.” 2:04 Two great places to look for customer’s complaints are Amazon customer reviews, and the Better 2:10 Business Bureau(BBB). 2:11 These are places where customers congregate to tell you the problems or the greatnesses 2:17 they’re seeing. 2:18 If there are enough customers complaining about one thing I think that means you found 2:22 a pretty good business idea. 2:24 Skill 4, Facebook negative keyword search. 2:27 People are always complaining about things in their lives. 2:30 If you go to Facebook it acts as a search engine for negative complaints. 2:34 If you go to the search bar, and type in negative key words like “annoy” or “hate” or “I’m pissed.” 2:41 You are going to find people complaining about companies, items, ideas, products. 2:48 If you find enough people complaining about one thing, you have it, a good business idea, 2:56 and you validated the customers. 3:00 Bonus round, fight! 3:03 What happens when you combine two proven business ideas? 3:06 You mix and match them, and see what you can find. 3:09 Let’s say that you take Blockbuster video, and you combine it with vending machines! 3:16 Two very separate ideas, but you get redbox, and we all know that redbox is awesome. 3:21 I’ll bet you guys have used redbox within the last week. 3:25 What if you combined libraries with ebay.com, that’s right, you get amazon.com that is a 3:31 sweet website everyone goes on, I’ve even mentioned it earlier in this video. 3:35 If those companies are able to mix and match and create multi-million dollar ideas, why 3:39 can’t you? 3:40 I’m going to start you off on the right foot. 3:42 Combine potato chips and khaki pants, go! 3:47 Just start writing it down, I’m not going to tell you the answers. 3:50 Thanks so much for watching our video today, make sure to subscribe to our channel if you 3:54 want to see more videos like this, leave a comment in the comment section below if you 3:58 have any questions or you want to see us make a video about something specific. 4:02 Also, check out the links in the description, they are links from the video to give you 4:06 more information. 4:07 Also, you can sign up for our email newsletter if you want more information regularly 4:21 about this.