Q&A: I’d like to sell a toolkit to sole proprietors … what do you think?

Notes from Chris

Episode 1218

Today’s listener has an idea to sell a toolkit to help sole proprietors become more efficient. What are the pros and cons of this idea?

As a reminder, I too can fall into the habit of asking if something is a “good” idea, and generally speaking I don’t think that’s the most important characteristic when considering ideas.

First, you don’t just want a good idea, you want a great idea. You want the best possible idea for you at this time. There are lots of good ideas … in fact, there’s a surplus of them.

Second, “good” is a little generic. When you’re considering side hustle ideas, you want to focus on feasible, profitable ones. Do you see a clear path for where you are now and how this idea could make money in a relatively short period of time? That’s what you want to consider.

"Hi, Chris. This is Jair from Portland, Oregon. I love your show, even though I've just been listening to it recently. I'm thinking about starting a side hustle to help sole proprietors become more efficient in operating their business by providing them with a toolkit of templates and easy steps to improve their processes. I think it would be valuable to them, but since I don't know yet how to reach them. Do you think it is a good idea?"

Listen to today's episode to learn more...

 

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SEE ALSO:

• NYC Jazz Musician Builds $40,000/Year Blog: A musician finds financial freedom by growing a blog and starting an e-course teaching other people how to play jazz.
• Australian Hacker Creates Passive Income Anatomy Course: A web developer develops an audio system that helps medical students memorize human anatomy. Seven years later, it still produces $800/month in profit.
• Former Construction Inspector Earns $200,000 Helping Students Pass Exams: A teacher-turned-construction inspector aces his exams and creates a series of courses to help others entering the field.

Yours in the revolution,