Million Dollar Weekend: The Surprisingly Simple Way to Launch a 7-Figure Business in 48 Hours
by Noah Kagan
six Revenue Dials you can use: 1. Average order value: Increase the amount someone purchases. 2. Frequency: Increase how often someone will buy your service. 3. Price point: Increase or decrease your price point to affect total sales. 4. Customer type: Approach a more lucrative/wealthier customer segment. 5. Product line: Add additional products to make the business more attractive to start. 6. Add-on services: If you’re selling a product like cookies, can you offer a service like setting up birthday parties or cooking at the person’s home? Create a Lead Magnet. It’s time to create your first Lead Magnet using the process we’ve just outlined above. You can use your piece of content from the previous chapter as a base or start something new. Don’t spend more than two hours on the first iteration. If you want to turn it into a big thing later on, great. But start SMALL. Go to MillionDollarWeekend.com to get Lead Magnet templates! (See what I did there?)
Business creation should always be a conversation! Nearly every impulse we have is to be tight with our ideas by doing more research, going off alone to build the perfect product—anything and everything to avoid the discomfort of asking for money. This is the validation shortcut. You have to learn to fight through this impulse. It won’t be easy, but it’ll be worth it.
From now on, everything you do in this book, and after, should be viewed as an experiment. This has been a profound shift for people who worry that “starting a business” is this big daunting thing. Experiments are supposed to fail. And should they fail, you just take what you’ve learned and try again a little bit differently.
Business is just a never-ending cycle of starting and trying new things, asking whether people will pay for those things, and then trying it again based on what you’ve learned. If you’re afraid to start or ask, you can’t experiment. And if you can’t experiment, you can’t do business.
The thing is, most people don’t ask for what they want. They wish for it, they make “suggestions” and drop hints, they hope. But the simple fact of business is that only by asking do you receive what you want. No ASK? No GET. That applies to every part of life. Seriously, every part.
Find a problem people are having that you can solve. Craft an irresistible solution whose million-dollar-plus potential is backed by simple market research. Spend NO MONEY to quickly validate whether your idea is the real deal (or not) by preselling it before you build it.
"six Revenue Dials you can use: 1. Average order value: Increase the amount someone purchases. 2. Frequency: Increase how often someone will buy your service. 3. Price point: Increase or decrease your price point to affect total sales. 4. Customer type: Approach a more lucrative/wealthier customer segment. 5. Product line: Add additional products to make the business more attractive to start. 6. Add-on services: If you’re selling a product like cookies, can you offer a service like setting up birthday parties or cooking at the person’s home?"
"Create a Lead Magnet. It’s time to create your first Lead Magnet using the process we’ve just outlined above. You can use your piece of content from the previous chapter as a base or start something new. Don’t spend more than two hours on the first iteration. If you want to turn it into a big thing later on, great. But start SMALL. Go to MillionDollarWeekend.com to get Lead Magnet templates! (See what I did there?)"
"Business creation should always be a conversation! Nearly every impulse we have is to be tight with our ideas by doing more research, going off alone to build the perfect product—anything and everything to avoid the discomfort of asking for money. This is the validation shortcut. You have to learn to fight through this impulse. It won’t be easy, but it’ll be worth it."
"From now on, everything you do in this book, and after, should be viewed as an experiment. This has been a profound shift for people who worry that “starting a business” is this big daunting thing. Experiments are supposed to fail. And should they fail, you just take what you’ve learned and try again a little bit differently."
"Business is just a never-ending cycle of starting and trying new things, asking whether people will pay for those things, and then trying it again based on what you’ve learned. If you’re afraid to start or ask, you can’t experiment. And if you can’t experiment, you can’t do business."
"The thing is, most people don’t ask for what they want. They wish for it, they make “suggestions” and drop hints, they hope. But the simple fact of business is that only by asking do you receive what you want. No ASK? No GET. That applies to every part of life. Seriously, every part."
"Find a problem people are having that you can solve. Craft an irresistible solution whose million-dollar-plus potential is backed by simple market research. Spend NO MONEY to quickly validate whether your idea is the real deal (or not) by preselling it before you build it."
- →From now on, everything you do in this book, and after, should be viewed as an experiment. This has been a profound shift for people who worry that “starting a business” is this big daunting thing. Experiments are supposed to fail. And should they fail, you just take what you’ve learned and try again a little bit differently.
- →Business is just a never-ending cycle of starting and trying new things, asking whether people will pay for those things, and then trying it again based on what you’ve learned. If you’re afraid to start or ask, you can’t experiment. And if you can’t experiment, you can’t do business.
- →The thing is, most people don’t ask for what they want. They wish for it, they make “suggestions” and drop hints, they hope. But the simple fact of business is that only by asking do you receive what you want. No ASK? No GET. That applies to every part of life. Seriously, every part.
- →Find a problem people are having that you can solve. Craft an irresistible solution whose million-dollar-plus potential is backed by simple market research. Spend NO MONEY to quickly validate whether your idea is the real deal (or not) by preselling it before you build it.
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