From idea to profit
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Discover how to move from an idea into making profits without high investments and covering many costs. Close client deals before building your product.
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From idea to profit
- 1. FROM IDEA TO PROFIT BY WOUTER NUYTTEN
- 2. FROM IDEA TO PROFIT WWW.WOUTERNUYTTEN.COM About me Wouter Nuytten Belgium’s top 50 Entrepreneurs Future architect of the Belgian economy Keynote Speaker Entrepreneur | Secondary school Dropout | Tech guy Disendo
- 3. FROM IDEA TO PROFIT WWW.WOUTERNUYTTEN.COM So you have an idea? GREAT!
- 4. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT SET UP THE DREAM Keep costs low REACH OUT Contact potential clients until you have 5 meetings CLOSE BEFORE BUILDING Collaborate with your customer to build the product Let them pay a small amount. JUST ASK USE YOUR NEW PARTNERSHIP TO CONVINCE OTHERS TO JOIN Reach out again
- 5. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT HOLDYOUR HORSES!
- 6. FROM IDEA TO PROFIT WWW.WOUTERNUYTTEN.COM You might think you need to build a car step-by-step before you can sell Instead, sell the easiest-to-produce element first. Once you have paying customers, you can build the car.
- 7. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT SELL THE VISION START WITH A SMALL PRODUCT
- 8. FROM IDEA TO PROFIT WWW.WOUTERNUYTTEN.COM LOOK FOR A GREAT NAME
- 9. FROM IDEA TO PROFIT WWW.WOUTERNUYTTEN.COM BUILD A QUICK & CHEAP ONE PAGE WEBSITE
- 10. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT VISUALIZE YOUR IDEA
- 11. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT DO NOT INCORPORATE TO EARLY INCORPORATE WHEN YOU CAN SEND OUT INVOICES
- 12. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT SET UP THE DREAM Keep costs low REACH OUT Contact potential clients until you have 5 meetings CLOSE BEFORE BUILDING Collaborate with your customer to build the product Let them pay a small amount. JUST ASK USE YOUR NEW PARTNERSHIP TO CONVINCE OTHERS TO JOIN Reach out again
- 13. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT info@company.com, try it. Contact potential clients
- 14. FROM IDEA TO PROFIT WWW.WOUTERNUYTTEN.COM If you solve their pain they will answer NO REPLY? Follow up, send a reminder OR Try another person in the organization OR NO ONE NEEDS IT
- 15. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT SET UP THE DREAM Keep costs low REACH OUT Contact potential clients until you have 5 meetings CLOSE BEFORE BUILDING Collaborate with your customer to build the product Let them pay a small amount. JUST ASK USE YOUR NEW PARTNERSHIP TO CONVINCE OTHERS TO JOIN Reach out again
- 16. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT Ask questions Design the product together with the potential customer. Ask questions about their problems, brainstorm about solutions, listen and learn.
- 17. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT SEE THEM AS PARTNERS NOT CUSTOMERS
- 18. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT ASK FOR COMMITMENT “Work for free/cheaper the first X hours” “Commit to more meetups as to how the product should look” “Receive exclusivity for X months in return for Y” “Get discounts in the future if we can collaborate” “Pay for development, receive co-ownership of the IP” “Do X for < 3 % of company shares”
- 19. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT ASK FOR COMMITMENT Read again!
- 20. FROM IDEA TO PROFIT WWW.WOUTERNUYTTEN.COM PLAY STARTUP Look professional and show them you know what you are doing. Be honest if you don’t know something. Show them you want to collaborate to find a solution for their problems.
- 21. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT ASK MONEY COVERYOUR EXPENSES
- 22. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT ASK MONEY COVERYOUR EXPENSES Read again! (you have nothing to lose; don’t work for free)
- 23. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT SETUP THE DREAM Keep costs low REACH OUT Contact potential clients until you have 5 meetings CLOSE BEFORE BUILDING Collaborate with your customer to build the product Let them pay a small amount. JUST ASK USE YOUR NEW PARTNERSHIP TO CONVINCE OTHERS TO JOIN Reach out again
- 24. FROM IDEA TO PROFIT WWW.WOUTERNUYTTEN.COM PLAY THEM OFF EACH OTHER CONNECT WITH COMPETITORS
- 25. FROM IDEA TO PROFIT WWW.WOUTERNUYTTEN.COM Big CEO (target) ME Name existing partner/ big competitor REPLY: intro to right person KEEP IT SIMPLE, STUPID
- 26. FROM IDEA TO PROFIT WWW.WOUTERNUYTTEN.COM Repeat.. Close deals..
- 27. WWW.WOUTERNUYTTEN.COMFROM IDEA TO PROFIT SETUP THE DREAM Keep costs low REACH OUT Contact potential clients until you have 5 meetings CLOSE BEFORE BUILDING Collaborate with your customer to build the product Let them pay a small amount. JUST ASK USE YOUR NEW PARTNERSHIP TO CONVINCE OTHERS TO JOIN Reach out again