Content Business has market need a poor score in the Entry area.
Very low barrier to entry.
But as I said, because of the other laws that we will go through in a moment, it is still a good business model.
#3 N = Need
The third commandment is the commandment of need, and the “ N ” stands for need .
What do market need people need?
Common mistakes people make:
They start a blog or a YouTube channel about their passion, about what interests them, and just start writing about their passion.
The problem is, if you’re the only one who’s passionate about it, you won’t have an audience and people won’t spend money on it.
Therefore, you have to ask yourself the question:
What am I enthusiastic about?
Where do I have passion?
But you also have to ask a second question:
What problem can I solve with this?
What needs can I meet with this?
How does it work?
Imagine you are interested in b2b email list board games or game theory and how games are designed.
Then you can, for example, create a YouTube channel about board games.
This works, but the problem you solve is quite small.
You simply solve the problem according to the question:
Which board game should I play?
or
I’m bored how market need can I pass the time?
That’s a small problem.
Which has a low pain factor.
That’s why people spend little money on it .
Professor Riek, on the other hand:
He takes the topic geographic segmentation of game theory out of the games and then talks about how you can use game theory to make better decisions:
How to run america email your business better.
How game theory can help you.
What is he doing?
He takes a subject he is passionate about – game theory – and applies it to a larger need.
There is a need, for example, for companies and private individuals to make better decisions.
