Self-growth
Business & Career
Success
Communication
Healing
Relationships
Psychology
HappinessYou’ll learn
- How to identify winning products
- Why branding is crucial
- What customer strategies work
- How to launch successfully
Table of contents
first KEY POINT
Relentless entrepreneurs driven by spirit of change
It's amazing how everyone wants to be an entrepreneur these days. But if we were to go back in time to just a few decades ago, you'll see that not many people wanted to venture into the risky world of entrepreneurship. There was job security, and most people worked in one career all their active years, so there was no motivation to take the risk.Things have changed incredibly: multiple economic depressions and a global recession have forced millions out of their stable jobs. As such, the desire for freedom and control over the future has made entrepreneurship something to be desired. Everyone and their grandma want to own a business these days.The rise of global change-makers like Elon Musk, Jeff Bezos, and the like is also a contributing factor. The way these popular entrepreneurs are worshiped in the media is making people desire the kinds of feats they've achieved.Is entrepreneurship really something to be desired? Absolutely. And of course, this summary will teach you how to become a successful one. But before we go into all that, you must know something, and that will determine whether this summary is worth your time or not. The thing is, entrepreneurship is not for everyone.As glorious as creating businesses and selling them may be, that kind of stuff isn't for the entire population. Millions have failed in business but succeeded as enhancers, helping others grow their business. This goes to say some people will only find success and fulfillment working for others.You should know what side of the fence your unique wiring falls before leaping to start your first business. Are you ready to pay the price that entrepreneurship demands?The journey isn't as cozy as the media depicts. When you look past the glory, you'll see that entrepreneurs live mostly lonely lives. Confusion and uncertainties are also things they deal with consistently.
All successful entrepreneurs are risk-takers who refuse to settle for less until they achieve their lofty dreams.
Ask yourself if these are things you're willing to endure. If you're certain about giving it a shot, then let's dive into the proven strategies for building a seven-figure business from the ground up.
second KEY POINT
Audience research paves way for product selection
Aspiring entrepreneurs new to the startup process often get stuck deciding what products to sell. It can be especially tricky if you've never started a business before. However, it's important not to make the mistake of spending too much time at this stage. In this chapter, you'll learn how to select the right products that people are willing to pay for.First things first, don’t start selling randomly just because you've identified products that sell. That's what newbies do. They search the Internet for hot products and then get them at wholesale prices to sell. That's a short-term strategy. A competitor can knock you off any time, particularly because you're just selling on merchant sites and don't have real customers.
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first KEY POINT
Creating successful products is easy
second KEY POINT
Social media provides powerful leverage for business growth
third KEY POINT
Success in business requires making your product unique
fourth KEY POINT
Money is a double-edged sword; it can grow your business or kill it
fifth KEY POINT
Building a customer list
sixth KEY POINT
Conclusion
Related summaries
Frequently asked questions
What is 12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur about?
'12 Months to $1 Million' by Ryan Daniel Moran is a practical guide for aspiring entrepreneurs. It outlines a step-by-step approach to selecting profitable products, establishing a business framework, and scaling operations to achieve seven-figure income.
Is 12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur worth reading?
Yes, this book is highly regarded for its actionable advice and straightforward strategies, making it a valuable read for both new and seasoned entrepreneurs. Moran's insights can transform your approach to building a sustainable business.
What are the key takeaways from 12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur?
Key takeaways include the importance of market research to identify trending products, understanding customer needs, and leveraging online platforms for sales. Moran emphasizes the significance of a growth mindset and practical execution.
How many pages is 12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur and when was it published?
The book is approximately 220 pages long and was published in 2020. It's a concise yet comprehensive resource for those looking to make significant strides in entrepreneurship.
Who is the author of 12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur?
The author, Ryan Daniel Moran, is a successful entrepreneur and business strategist known for his expertise in e-commerce and product-based businesses. His proven track record lends credibility to the insights presented in the book.