Knowledge Marketplace
My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

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Discover and validate business ideas through direct customer research

Aspiring entrepreneurs looking for profitable niches with existing demand

3-6 months for research and validation

What Success Looks Like

Identified pain point with paying customers willing to pay premium for better solution

Steps to Execute

1

Join Facebook groups in industries that interest you

2

Spend time reading posts and identifying common complaints

3

Look for people mentioning they pay for solutions they hate

4

DM complainers offering to learn about their problem

5

Build MVP based on repeated pain points

6

Stay active in groups as helpful community member

7

Let people discover your solution organically through profile

Checklist

Joined 10+ active Facebook groups in target industry
Documented 20+ specific complaints about existing solutions
Conducted 10+ customer discovery conversations
Identified price points people currently pay
Built simple MVP addressing core complaint
Established helpful presence in community

Inputs Needed

  • Industry connection or interest
  • Time for community participation
  • Technical co-founder or development capability
  • Patience for relationship building

Outputs

  • Validated pain points with specific price sensitivity
  • Early customer base from research community
  • Organic distribution channel through community presence
  • Deep understanding of customer language and priorities

Example

“Follow-up Boss founder found real estate agent complaining about paying $500/month for lead tracking software he hated, built CRM specifically for that pain point”