The Startup Ideas Podcast

How To Find MILLION DOLLAR Business Ideas That WORK | Noah Kagan

44 snips
Jan 25, 2024
In this conversation with Noah Kagan, CEO of AppSumo and a leading voice in entrepreneurship, he shares insights on discovering million-dollar business ideas by truly understanding customer needs. Noah outlines how he lost $1M for neglecting customer feedback and emphasizes the importance of testing your ideas. He also discusses leveraging AI for hiring, the significance of brand differentiation, and the best opportunities for entrepreneurs in 2024. Listeners will gain practical strategies for building successful products and navigating the SaaS landscape.
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ADVICE

Software Opportunities

  • Look for tools that can replace existing teams or outdated software.
  • Consider alternatives for expensive, non-locked-in software like Google Analytics or DocuSign.
INSIGHT

Customer-Centric SaaS

  • Focus on customer problems, not just new tech solutions.
  • Sell to an audience you understand and can easily reach.
ANECDOTE

TidyCal Success

  • Noah Kagan launched TidyCal, a Calendly competitor, priced at $29 for life.
  • It now generates $3,000 in daily profit, demonstrating the potential of affordable alternatives.
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