Imagine earning side income from a smart business idea that doesn’t require much investment while you sit in front of the TV and have a bowl of cereal. Sounds too good to be true, doesn’t it? In reality, this incredible money-making opportunity does exist and you can make the most of it to earn a target monthly income. According to ‘The Four Hour Workweek’ author Tim Ferriss, a muse business is an automated business that gets you a target monthly income without making a huge investment and requires minimal effort. With that being said, are you ready to get on the entrepreneurial roller coaster? In this blog, we will discuss in detail how to discover your muse and successfully start up your very own muse business Think Of What People Want, Not What You Want Generic products are dime a dozen and the profit margin for creating such products is significantly lower than niche products. Discovering your muse has got nothing to do with finding your passion or doing something that interests you. Your muse business idea requires extensive research so you can tap into a niche opportunity and create a product that appeals to the people i.e. your target audience. A smart trick to discover your muse is to find out what’s trending on Kickstarter and which products are people willing to spend their money on. Focus on creating a solution to a real problem and you’ll have a solid muse business idea to work on. Don’t Jump To Conclusions Just Yet Don’t quit your job as soon as you find a great muse business idea. Create a prototype of your product and test it with real users before you launch it. The last thing you want is to create a product that people are not willing to buy. Learn from your customers and the reviews you get on Kickstarter to make adjustments to your product before launching the perfect product. Take The Plunge The future is uncertain and you cannot afford to miss out on the window of opportunity so launch your product once you’ve completed your survey and research and then listen to what your customers have to say. Once the product is launched and you realize one aspect of the product is more desired by the customer, take this as a learning opportunity and make necessary adjustments accordingly. Remember, you cannot force your will on the market, you will have to go with the flow as you learn more about the niche market. Design Is The Key To Success
Initially, entrepreneurs don’t focus on the design and that is one of the factors that inevitably lead to product failure. We’re humans and we’re hardwired to judge a book by its cover so it is important to make your product look awesome. Design your product in a way it is minimalist, sleek and modern without any compromise on quality and you have a winner. Being an entrepreneur is all about taking the leap before the window of opportunity is slammed shut. Follow these steps, think of an idea and start working on your muse to make easy side income. To learn more about starting a muse business, refer to Tim Ferriss’ ‘The Four Hour Work Week’.
0 Comments
The traditional office setting is becoming obsolete as more and more people give up their 9-5 jobs to earn money while travelling or in the comfort of their own homes. Just because you’ve bid adieu to your corporate job doesn’t have to mean you’ll have to compromise on efficiency and productivity. The use of technology has tremendously changed the way we live, work and most importantly, do business. Whether you’re running your small online business or freelancing, read on to know all about the 5 incredibly amazing tools every digital nomad should try. Trello Managing projects was never this easy! A great new alternative to conventional project management softwares, Trello lets you create several boards and notes to keep your ongoing projects on track. This app is compatible with iOS and Android, so you can stay connected on the go. From collaborating with your clients to maintaining files, comments and exchanging ideas, Trello has got it all. Slack Managing multiple applications for communicating with clients and team members can be a daunting task but Slack makes this time consuming process a breeze. This clever messaging platform integrates with your existing communication channels so you can send instant messages, have group discussions and share files - all in one place. The best part yet, you can download the Slack app on your iPhone or Android device so you can communicate with your team effortlessly, no matter where you are. Rescue Time The one common problem that all digital nomads face is keeping up with deadlines. Proper time management often becomes a struggle and that’s where Rescue Time steps in to solve all your time management woes. With Rescue Time, you will be able to set more realistic deadlines for completing all your tasks of the day. All you have to do is install it on your laptop or mobile device and it will tell you exactly how much time you spend on the internet doing certain activities such as browsing, reading articles, etc. Schedule Once You’ll never be late for your conference calls and Skype sessions once you start using Schedule Once. Create your very own sleek, pre-set calendar and prepare to be amazed. With this amazing app, you can schedule online meetings and conferences in an interactive manner by sending a link of your schedule to your team members or clients to select a suitable time to connect. Spaxtel When your Skype calls keep dropping and there’s no other way to connect, use Spaxtel. What’s even more surprising is, you don’t need have internet access or download any software to use this cool service. You can make landline quality calls with crystal clear sound via callback. Also, the rates are quite Skype-affordable for an overall better calling experience. These 5 tools are designed especially for digital nomads. Once you start using them, you’ll be amazed at how it will increase your productivity and help you manage time better than before.
|
Categories
All
|