this post was submitted on 23 Nov 2023
1 points (100.0% liked)

Entrepreneur

0 readers
1 users here now

Rules

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 1 year ago
MODERATORS
 

everyone says to build a good business you have to find customers pain points and solve that, i agree but when i look at brands like coca cola, products like games, movies, all these dropshipping stores, expensive brands who outsource manufacturing and use the word luxury to price it way higher than market value of that product and still people buy it, what are they solving?

you are viewing a single comment's thread
view the rest of the comments
[–] SlappyWite@alien.top 1 points 11 months ago (12 children)

There are 3 types of products-

Painkillers: an immediate solution to a pressing problem.

Vitamins: not solving a pressing problem but something that can enhance your overall quality of life.

Candy: something that doesn’t solve a pressing problem, or enhance your overall quality of life, but is still enjoyable nonetheless.

The fastest line to success would be to sell a painkiller. But there are also vitamins and candy that always have a place in the market.

[–] Farkasok@alien.top 1 points 11 months ago (1 children)

Love this analogy, you come up with it?

[–] SlappyWite@alien.top 1 points 11 months ago

I read it somewhere a while back can’t remember where but it definitely helped me understand the whole “solve a problem” mantra.

Every business solves a problem but there are different degrees of problems so it’s great that anybody can do entrepreneurship and tackle the problems they are best suited for/inclined towards/knowledgeable about.

Wasted years not starting because I was looking for a painful problem to solve. Now focused on vitamins and candy as it’s a better fit for me.

load more comments (10 replies)