The Side Hustle Show 650: 7 Proven Ways to Generate New Business Ideas, with Real-Life Examples
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Jan 9, 2025 Jonathan Stark, an expert in the 'probing for pain' method, shares valuable insights on how to generate new business ideas. He emphasizes the importance of asking the right questions to uncover unmet needs in the market. Stark discusses innovative strategies like the 'rip, pivot, and jam' framework and the 'sniper method' for niching down. He illustrates how recognizing trends and leveraging personal expertise can lead to successful entrepreneurial ventures. Real-life examples highlight the significance of community engagement and tailored marketing.
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Adult Consignment Success
- Sarah McCaffrey noticed adult clothing consignment events were lacking.
- She launched her own successful adult event after initial hesitation.
Food Tour Inspiration
- Chris Andrews' food tour business was inspired by a friend’s experience in Savannah.
- He identified a similar need in his own city, Mobile, and capitalized on the local history and food scene.
Rip, Pivot, Jam
- Look for interesting businesses and consider how their model could be pivoted.
- Apply the "rip, pivot, jam" method to different audiences, industries, or locations.