Many business start ups are based on a hobby or because friends and family have said ‘someone will pay good money for that!’ It makes sense to follow your dreams demonstrating your passion and hobbies are often a good way to start.
But, just because you, your friends and family love the idea, it really doesn’t mean that everyone else will also be raving fans. Nor does it mean that there will be enough people interested, never mind willing to part with their hard earned cash to generate a good enough revenue for you.
If you are just trying to earn a little extra cash, then selling your goods and services to your friends and family will work just fine. That famous phrase, of ‘selling to a warm market’ just will not work if you want to start a business if your ‘warm’ list too small.
The real work begins when you have to start selling to people and/or businesses that do not know you, are not related and have plenty of other options. Instead of just listing what your products and services are (the features) you absolutely must show what the benefits are. We are not