The Martell Method w/ Dan Martell
The BEST Businesses To Start In 2024
Feb 4, 2024
Discover the best businesses to start in 2024 with high gross margins, including product, agency/service, coaching, and software. Get insights on building successful software by solving problems, targeting boring industries, improving first-time user experience, and prioritizing customer retention.
11:30
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Quick takeaways
- Launching a profitable product business requires pre-selling, direct-to-consumer sales, and investing in the brand.
- Successful agency or service businesses focus on market pain points, productized services, recurring revenue, and scaling with systems.
Deep dives
Best Businesses: Product Business
A profitable product business requires three key strategies. First, pre-selling through platforms like Kickstarter or Indiegogo to validate demand without losing money. Second, focusing on direct-to-consumer sales to bypass retailers and avoid cash flow issues. Third, investing in the brand by using premium products, leveraging word of mouth, generating positive reviews, and seeking press coverage to drive traffic.
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