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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“historically you built a company by building the product and then going and looking for customers now you can find the customers and then build the product”
business_modelaudience_buildingstrategy
What It Means
The internet enables audience-first business building instead of product-first approaches
Why It Matters
Represents fundamental shift in how businesses can be built in the digital age
When It's True
When you can build and maintain audience relationships through content and social media
When It's Risky
In industries where product innovation is more important than audience relationships
How to Apply
1
Build audience before building products
2
Validate product ideas with existing audience
3
Use content to understand customer needs first
Example Scenario
“Finance content creator builds large audience, then creates research and job board products specifically for that audience”