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Make $1,000,000 in 48 Hours | Noah Kagan
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- เผยแพร่เมื่อ 18 ส.ค. 2024
- Noah Kagan built AppSumo into a multi 9 figure company, but not before testing many ideas that failed. Today we dive into his process for rapidly validating winning ideas and making $1,000,000 in a weekend.
Pick up Million Dollar Weekend at milliondollarw...
Noah shares how he quickly pre-sold his new book to 1,000 fans, the power of focusing on problems over solutions, why success gets boring, and more counterintuitive startup advice.
He also tells crazy stories of trying various weekend businesses involving dogs, golf trips, lawncare sales, real estate, and other wacky ideas. Noah demystifies entrepreneurship - you don't need specialty skills, just start testing ideas now.
Start your road to $1M at capitalism.com...
Connect with me on Instagram at / ryandanielmoran
Timestamps:
0:00 Intro
2:35 Focusing on the problems, not solutions
5:38 Testing business ideas in 48 hours
10:13 When do you grow or quit an idea?
15:13 Embracing boring success
20:02 Launching a book to 1,000 fans
25:17 Can you pre-sell any business?
31:14 Afraid of success or failure?
36:19 When do you have a million dollar biz?
42:15 Getting the first dollar matters most
49:00 What if an idea takes years to grow?
55:38 Asking leads to everything
Noah's approach to focusing on problems is a game-changer. For entrepreneurs, remember that validating a business idea isn't just about having a great product; it's about ensuring there's a market need. One advanced tactic is to leverage existing online communities related to your niche to gather feedback and pre-sell your idea, which can save you time and resources before going all in.
Awesome takeaway Jay
"A lot of business is about receiving. You have to feel worthy to receive stuff...." this could not possibly be more spot-on. It's really interesting when a total stranger gets inside your head and pinpoints your exact issue. :) Another great conversation.
14:00 if you have to convince people to care about the problem, you’ve gone astray
15:20 once you’ve got something people are interested in,
21:30 a good product for a serious problem makes for easy sales
Love it!
Noah inspired me to re-start my entrepreneur journey back days (1-2 years ago), that is how I found Ryan. That is exactly the topic they raised in the video, it is soooo me - instead of easy experiments all this time, I just dreamed and postponed again and again... Without a start you can't learn and continue. That is why I am happy to learn from Ryan's course and Grind community right now.
One day I tell them story of my journey in person.
I love this! Excited to follow your journey.
Really really enjoyed this one, so I will actually listen to it again tomorrow. Got Noah's book as well and look forward to reading it. Thanks guys!!
Awesome, glad you liked it!
Great convo! Thanks gentlemen.
Everything is presold - hotel rooms, airline flights, concert tickets (I have JPB tickets for end of May that I paid $100 for months ago!). That’s actually revelatory. Thanks guys!!
p.s. Would watch more shows with Noah working one-on-one for a weekend, that’s a great (inspiring) show!
Started reading your book Ryan ✅
This is such a great video. I’m struggling with where to start myself and this video hits a lot of good points. A great eye-opener. Thank you for what you do, Ryan. Keep it up.
One of the best entrepreneur podcasts. Thanks guys.
New sub here! I needed this pod today.
Worst clickbait title ever.
Agreed, but they give valuable information that is more helpful to build a profitable business than many other videos. Totally worth watching, and then taking action.
Sorry you feel that way, hope you stuck around for the value Noah brought. What would you title the video?
Agree. Doing the content a disservice.
@@RyanDanielMoran$1 million dollars in 1 hour and 12 minutes
Its about the gems hes dropping your just looking for a quick fix youl never find it.
I had to watch this a couple times and going to watch it a few more times. A lot of key things I'm facing was brought up. This was very helpful in getting unstuck.
Glad it brought you value!
Incredible episode. Could not stop taking notes. RE: Urinal Cakes- I prefer them warmed with some freshly whipped cream. Just sayin'
35:00
So, I'm a small business owner. I provide a local service. I'm moderately successful at it, but I'm just one guy. The goal is to turn the service into an app, I've spent tens of thousands of dollars of my own money to try and get it developed to very very mediocre effect thus far. I've been teaching myself how to program, I've brought on contractors and I've hired employees, I'm not going from zero to one, I've already done that. I'm going from one to ten. What should I do? How do I actually build the organization?
Loved this podcast
Thank you for watching!
So Good!!!
Thanks Noah
Great video!
Love this video!!!❤
Thanks for watching!
I learned alot about idea validation
Noah is a genius at idea validation
Where is the best place to ask if people want something you think you have a solution for? Reddit? FB groups?
My recommendation is a small audience that you control, best done via an email list.
@@RyanDanielMoran Do you need to have the product/service ready to sell when testing? Ex. Noah's friend who built a golf trip experience for $5k, do you need to have ALL the details ironed out with the services before you ask for payment?
Nope - Everything is presold. Find the core of what you're doing ask people if they want it. @@bballa211
Clicked to see if this was Johnny depp
He is a handsome dude :)
Nah, this title ain't it chief
Sorry you feel that way Matthew. Hoping you were able to get some great takeaways from the video!
Warren Buffet started his investment business in the 1950s. It took a long time to compound. Zuckerberg absconded with the idea for Facebook (and had to pay the Winklevoss brothers in a court settlement for that deed). It's hard to understand how setting that latter behavior as a role model is good thing. It's much better to have role models who are fair-minded and compound, slowly, over time, like Buffet and Munger did
I agree, a longer timeline is better, and Noah has built App Sumo for 12 years to grow to the place it is now. The point of this show is to show you that it's possible to validate a million dollar business idea in one weekend and get the ball rolling to compound for years and years.
@@RyanDanielMoran It was a great episode. Thank you, Noah's ability to move past failures is huge imo, and I plan on getting his book, the testing method 'over a weekend' is valuable
I'm not going to watch it. I need to make 5M in 24 hours, go hard or go home!
“Analysis paralysis” that is and I’m guilty.
The thumbnail “1M in 48h is easy” is borderline insulting. Pure clickbait… No need to be a genius to recognize that. My natural reaction is to walk away from content that make those type of claims.
His book was so bad. 😂😂😂😂 and his challenges in the beginning was just to tell everybody on the street about his book.
I’m here just to shit on the title and be out. We know it’s bullshit. 😂
I’ll take it! :) appreciate you checking out the channel.
Of course! Love your book!@@RyanDanielMoran
Title is not realistic just sensational. Content is good, use integrity when making titles
Appreciate the feedback. Thank you for giving the video a chance.
You just lost a subscripts… clickbait title
Wow I actually been at the drawing board for an app like that. A lil twist and a way to add incentive to use. I would love to do grunt work for you and help bring this app to market! Lmk if interested Ryan. Appreciate your hardwork!