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’.