Tuesday, September 05, 2017

The Four Pillars of Wealth

Clay Collins and Perry Marshal recommend:

1. Automated Sale
2. Recurring Revenue
3. Sell a reproducible product or a tool (break time for money dependency and scale)
4. No accounts receivable (Get paid in advance)

1. Find pains
2. Presell
3. Outsource product development

1. Find the problem
2. Sell the solution
3. Hire a developer

1. Idea discovery
2. Sketch the solution (create a paper prototype to solve the problem)
3. Presell the sketch
4. Outsource product development
5. Launch the product

Find booming industries and sell them software tools.


Notes from Dane Maxwell's video transcript 
Read The Automatic Customer by John Warrillow