My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“Strike while the iron is hot. Highest conversion rate in that moment”
What It Means
Customer interest and willingness to buy are highest at the moment they first express interest
Why It Matters
Every delay and additional step in the sales process causes significant conversion rate drops
When It's True
For impulse purchases, service businesses, and situations where emotional momentum drives decisions
When It's Risky
When customers need time to evaluate complex purchases or when pushing too hard seems desperate
How to Apply
Minimize time between customer interest and sales conversation
Eliminate steps in conversion funnels
Implement instant response systems
Example Scenario
“Service business replacing 'book a call in 3 days' with 'AI agent calls you now' improves conversion from 35% to 65%”
Related Knowledge
momentum is everything when it comes to deal making
The speed of response and follow-up in M&A processes directly impacts deal success
Export Framework
A systematic approach to finding business opportunities by identifying expensive internal solutions that big companies b
Technology Wave Pattern
A framework for identifying and categorizing major technological shifts that create trillion-dollar opportunities approx
Launch a profitable AI consulting practice targeting specific verticals
Multi-million dollar AI consulting practice that gets acquired by major consulting firm for 8-9 figure exit
Build valuable digital likeness rights portfolio before market matures
Portfolio of celebrity/athlete digital rights that generates recurring licensing revenue as deepfake technology scales
One Stat Business Model
A business opportunity that can be entirely explained and justified by a single compelling statistic