The Smart Passive Income Online Business and Blogging Podcast cover image

SPI 795: Thinking Small, Winning Big—the Unconventional Path of a Niche Software Company with Brenden Mulligan

The Smart Passive Income Online Business and Blogging Podcast

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Identifying Market Realities and Value Proposition in Business

Understanding the true market size and willingness to pay is crucial in building a successful business. Simply assuming a percentage of a large market will pay may not be realistic. Businesses should position themselves in the value cycle where they are essential for customers to make money, ensuring a clear value proposition and increasing the likelihood of charging for their product or service.

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