How do I know there’s a market for my product?

Drop The Mic Show - Ask Russell Anything - Video (Russell Brunson - FunnelHackerTV)

DotComSecrets: The Underground Playbook For Growing Your Company Online…

:arrow_right: Get FREE Book Now!

“A simple process that ANY company can use to geometrically improve their traffic, conversion and sales online.” - Tony Robbins

YouTube Transcript: English (auto-generated)

00:00
we’re going to Mattoon hey Russell my
00:02
questions about whether or not there’s a
00:04
market for my product or course I was a
00:07
missionary down inhaling for the last
00:09
seven years and the last few years I
00:11
incorporated marketing into the
00:14
organization I was down there with now
00:16
back in the States
00:18
my passion really is helping
00:20
missionaries and small nonprofits with
00:23
their getting them up and running on a
00:25
website showing them email marketing
00:27
showing them offline marketing showing
00:29
them how to blog social media all that
00:32
stuff so my question is I want to make a
00:34
course that teaches missionaries
00:36
one-on-one marketing you know all the
00:38
aspects of marketing so my question is
00:41
how do I know whether there’s a market
00:43
for that how can I do some research
00:45
before spending the time and creating
00:47
the cause and the product before yeah
00:51
before making all this hell I know that
00:54
there’s a market for my product number
00:56
one the best way to find out if your
00:58
idea is going to work is go into a
01:00
market make sure somebody’s selling
01:01
something similar already okay we are in
01:03
a marketplace that is not brand new it’s
01:06
mature there are few markets that are
01:09
untapped and usually untapped ones
01:11
because there’s no money and so people
01:12
stop trying to tap into them so you
01:13
gotta understand that is if I can find
01:15
some of something that sometimes I’m not
01:17
the same product you read the expert
01:18
seekers book you know interesting read
01:19
ocean or blue ocean like you still need
01:20
to create your own blue ocean but are
01:22
there red oceans right now selling
01:23
something similar there’s not a red
01:24
ocean anywhere means the fish in the
01:26
shark had disappeared right so I need to
01:28
make sure I can find a red ocean and
01:29
then try to create my own blue ocean
01:30
side that’s number one number two I’ve
01:33
always told people like you need to make
01:34
sure you hit a market that has two
01:35
things number one they have to be
01:37
willing to give money okay so they’re
01:40
willing to do it number two they have to
01:41
be able so willing and able to things so
01:44
willing means I would love to give you
01:46
money okay does that market like to give
01:47
people money do nonprofits like to give
01:49
people money for education yeah do they
01:52
know I don’t know I’m not sure my guess
01:55
is the most nonprofit keep their profits
01:58
is that right so I don’t think they’re
01:59
there they’re willing not to spend my
02:02
especially for products that be my one
02:03
concern number two hours are they able
02:05
on if they’re broken on profit you’re
02:07
trying to tell them to raise money
02:08
they’re probably not able either so I
02:09
would be concerned about that but you
02:12
can take those same skills and
02:13
you could go and you could and you could
02:15
create something for a business that is
02:17
in profit make some money and then give
02:19
my tenth on profit
02:20
I don’t wait a couple of questions about
02:21
these or not be seeing about nonprofits
02:23
like anyway and I’m able to answer those
02:27
when we get there but the biggest thing
02:29
is just like a lot of times like I do
02:31
charity work and I give money to
02:32
different organizations and things like
02:33
that because I love them I care about
02:35
them I serve people for free I do lots
02:36
to fight that because I love it I care
02:38
about the market not so much because
02:39
I’ll make it in business I want to get
02:40
business I want to find a hot market ok
02:42
Stefan what’s the 3-step form if you
02:44
read experts secrets find a hot market
02:45
asking what they want and give it to him
02:46
so that’s what I’m looking for and then
02:48
I can donate the money I make parts of
02:49
it or I can serve give time people add
02:51
to charities and also I’m not sure if
02:53
this is true or not but I think it is if
02:55
you do charity work for people all times
02:56
that can be tax write-off like let’s say
02:57
you normally charge $10,000 an hour from
02:59
consulting you can go you can work for
03:00
free for a charity and then they can
03:01
actually write it off and you get that
03:03
as a thing I believe that true account
03:06
no I’m not counting return II don’t
03:07
trust me there’s not legal or financial
03:10
advice but if you’re wondering that’s
03:12
kind of it right so that works the good
03:15
guys I think I drop the mic one more
03:20
marketing secrets if so then go get your
03:22
copies on my two best-selling books book
03:24
number one is called expert secrets and
03:26
you get a free copy at expert stickers
03:28
calm and book number two is called calm
03:31
secret and you need your free copy at
03:32
dot-com secret calm inside these two
03:35
books you’ll find my top 35 speakers
03:37
believe you to become the
03:38
fastest-growing non vc-backed fast
03:41
startup company in the world

DotComSecrets: The Underground Playbook For Growing Your Company Online…

:arrow_right: Get FREE Book Now!

“A simple process that ANY company can use to geometrically improve their traffic, conversion and sales online.” - Tony Robbins