When most people decide to start a business, they figure out what they want to sell first, and then once they’ve developed the product, widget or service, they try and figure out who to sell it to. Actually this is backwards.
The best, most surefire way to success is to start with the WHO first, not the WHAT. Otherwise you may have gone to all the trouble of developing and investing in a new product or service which no one actually needs, or wants to buy.
To successfully sell a product you need a starving market. That’s why it always makes sense to identify the starving market first. You need to get to know them, figure out what problems they have that you can solve - and then go develop your product and service to specifically meet that need.
Note also that there is a big difference between a product we all know we need versus one we actually want to buy. It’s a much harder pitch to sell a product that’s needed instead of wanted. Obviously the sweet spot is a product that’s both needed and wanted.
For example, we know that we need to see our dentist at least once a year for a check up and cleaning. You’ll have to work a lot harder in your sales copy to get a prospect to schedule the appointment because it's a service they know they need, but don't necessarily want.
Compare this to an offer for professional teeth whitening that’s sent to a list of 30 and 40 something year olds who are single, smoke and drink coffee.
That’s a much easier sale to make.
In starting with the WHO first and not the WHAT, you'll be saving yourself a LOT of time, money and effort. You won't be investing in a product that you might think is the best thing since sliced bread, but your market doesn't!