My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
People buy value not price
Evidence
Even at very low prices, products without genuine value won't sell (laser discs at 5 cents example)
Implication
Focus on creating genuine value rather than competing on price
Counter Belief
In commodity markets, price is the primary differentiator
Example Application
Premium newsletter can charge $600/year because it provides genuine trading edge, while free alternatives don't get adoption
Related Knowledge
Wait for Your Pitch Strategy
Like Ted Williams mapping his batting average by strike zone, identify your 'sweet spot' opportunities and only swing at
Transparent vs Opaque Opportunity Assessment
Opportunities are either 'windows' (transparent, can see outcome clearly) or 'doors' (opaque, unknown what's behind).
Value vs Uniqueness Business Matrix
A 2x2 matrix plotting business opportunities on axes of total value (y-axis) and uniqueness (x-axis) to determine strate
Light User vs Heavy User Funnel Strategy
Strategic positioning framework where businesses deliberately avoid heavy users who demand low margins and instead focus
Systematically expose yourself to different worldviews to avoid becoming cynical and maintain fresh perspectives
Regularly discovering new business ideas, maintaining curiosity, avoiding the 'old bear' mentality, and finding unexpect
Build a profitable newsletter business from scratch using subject matter expertise
Newsletter generating $10M+ annually with 30k+ subscribers paying $600+ per year, growing organically without paid adver