Alex Genadinik Curated

Top 1% Udemy instructor, Amazon author

CURATED BY :  

This profile has been added by users(CURATED) : Users who follow Alex Genadinik have come together to curate all possible video, text and audio interview to showcase Alex Genadinik's journey, experiences, achievements, advice, opinion in one place to inspire upcoming entrepreneurs. All content is sourced via different platforms and have been given due credit.

  • Which tools do you think are absolutely essential for App developers who have multiple Apps? How do you track reviews and what do you think about ReviewsCollect?

    For me, StackOverflow, while not a tool, was the single most helpful tool. Also, now I hire freelancers to teach me new programming techniques so I don’t have to waste time learning it. It just helps me move faster. I don’t really track reviews on the apps since they are generally good. But ReviewsCollect is interesting for app developers. I might feature it in my courses for app developers.

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  • Do you invest a lot of time into marketing Entrepreneur Business Ideas – Tools and Tutorials or are you spending time on newer projects?

    In the beginning, I did invest a lot of time into these apps, but now I focus on the courses that I mentioned full time. I also write books with one of the books being the top book on app business and marketing. Here is that book: https://www.problemio.com/books/mobile-app-marketing-book.php I also focus on doing my business coaching: https://www.problemio.com/business/hire-business-coach.php and my course licensing business: https://www.problemio.com/udemy/white-labeling-or-buying-udemy-courses.html A lot of the courses, books, and coaching came right from my experience working on these apps because the 4-app business series was where my current business started.

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  • What is your #1 marketing strategy?

    ASO (App Store Optimization) was by far the most effective strategy. This app ranks near the top for the search “business” and is #1 for “business ideas” in Google Play. Secondary marketing strategies had far worse results. And social media resulted in nearly no downloads.

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  • Should people start having business cards at the beginning of the business days or don't you think it's too early?

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  • With social media constantly changing how do you suggest people keep up with it all?

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  • What do you think about YouTube as a platform for marketing or the approach of YouTubers getting connected?

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  • How can we begin networking with other people that have audiences larger than ours to increase our exposure?

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  • Is it just that one needs to concentrate on his advertising well for marketing?

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  • How essential is it for one to be making a video advertisement or even an advertisement for marketing?

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  • Do you think there's some success rate for people with retargeting and Google to play on some money?

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  • Do you think retargeting or ads are beneficial for gaining more networks?

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  • What do you think about Facebook groups, is it one of those platforms which can be made out as a professional use?

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  • What is/are the core requirements if one is a first time entrepreneur or small business?

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  • How people can position themselves as an Expert?

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  • What's the one extra thing that people could do to improve their headlines on their website?

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  • How do you actually connect with whoever it is that you want to tutor?

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  • Is it necessary to be having a website for marketing?

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  • How to get more downloads for my app?

    Put the app in alternative app markets, meaning markets other than Google Play or Apple App Store. Such markets are Amazon Kindle, Barnes and Noble’s Nook, and many others. This was a question I answered for myself very recently so I am glad to share my answer.

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  • Three people we should follow on Twitter and why?

    I enjoy following @jason because he runs the “This Week In Startups” show and is a great resource for entrepreneurs. Probably he is the single best resource for entrepreneurs. I would also recommend @arrington because his opinions are interesting albeit often cranky. I also like @lordofseo. The person running that account is kind of mean to Google, but often underlines some very poignant and relevant points regarding how Google operates its search and AdWords products.

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  • What is the one book that you recommend our community should read and why?

    Tech/business book: I am not a big believer in business books as most of the valuable content can be expressed in a single chapter. Tech books get outdated quickly. But now that I have an app on the Amazon Kindle, I would be remiss if I did not plug my own app on that reader: Non-tech book: Confederacy of Dunces because I still vividly remember how it made me laugh out loud.

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  • What are your three favorite online tools or resources and what do you love about them?

    I love Google docs because while tech-savvy people can easily use them, they offer very simple and powerful collaboration tools for people who are just getting started with them. Stackoverflow.com is a favorite site of mine. Without the help of the great people of that site, I would never have been able to get as far with my own projects. I highly recommend them to developers and people learning to write software. And third is the show by Jason Calacanis called “This Week in Start-ups.” It is a weekly show where Jason interviews great entrepreneurs. I have personally learned a tremendous amount from that show.

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  • What is one business idea that you’re willing to give away to our readers?

    Lawn care! It is the best business. Marketing is easy because competition tends to not excel at marketing. Additionally, your customers do not want to start looking for new lawn care companies, so they want to keep you. And grass keeps growing so it is a recurring business. It is a perfect combination. This business has some flaws, but it certainly has some nice pros about it too. For a tech-related idea, I would like someone to build an app that tells me which local grocery stores have the items (with price comparisons) that I search for. Additionally, I happen to have built a business idea app that coaches/suggest best practices and ways of thinking so they can continuously come up with new good business ideas:

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  • What is one failure you had as an entrepreneur, and how did you overcome it?

    I previously ran a website that was growing well due to one SEO trick that was popular at that time. It was turning into quite a nice business. This SEO trick had been common for about 10+ years prior to me doing it, but at some point, Google decided to penalize it. One day, my business was destroyed as most of the traffic got taken away. I tried to revive the site for a few months, but at some point, I had to make a hard decision to do something else. Lesson learned: stick to good practices. Eventually, every platform matures and companies who operate with recommended practices tend to survive. You want to be in the group that survives.

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  • As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?

    Constantly learn about the space in which you are working. For example, right now, I am working in the mobile space. Every few weeks there is something that happens that changes things and affect my product. For example, there are constantly faster Internet connections enabling various new features. There are also 3rd world countries being flooded with affordable devices, which forces me to think about using multiple languages on the apps. The list really goes on.

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  • If you were to start again with anything related to work, what would you do differently?

    I am on an amazing ride which resulted from my own well thought out decisions that I am mostly happy with. Granted, there are many ups and downs to it, but I am enjoying them.

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  • What was the worst job you ever had and what did you learn from it?

    I liked all my jobs. During college, I worked as a security guard and a construction worker to fund my education. They were not the worst jobs. But construction was certainly the most difficult one. First, I learned that all jobs are to be respected. Construction taught me to appreciate people who do physical labor. Every time I see construction taking place, especially during rain, snow, or extremely hot weather, I remember how strong the relationships were that I forged with the people working side by side with me.

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  • What’s one trend that really excites you?

    I generally do not like trends as they create highly competitive fad-driven business environments where most people lose out. I like to choose non-trendy markets and solve real needs and pain points.

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  • How do you bring ideas to life?

    I have a reasonably strong idea-vetting process after having tried many ideas which resulted in lukewarm results. So I have developed a good sense of what will and will not work. Once I like an idea, I evaluate how much resources it will require vs. risk vs. possible benefit. And if it feels favorable, I simply bring the idea to life on my own by making it.

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  • What does your typical day look like?

    I mostly work on developing/programming features and improving the existing apps. A part of the day is spent helping people who downloaded the apps and need live assistance with their businesses. Part of the value of the apps is that people get live expert advice at prices that are beyond reasonable.

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  • Do you make money through the apps?

    Most of the money comes from app sales. Some revenue is generated when a user opts into working with a professional business plan writing company we partnered with.

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  • Where did the idea for Problemio come from?

    I wanted to help entrepreneurs plan their businesses better and avoid blind spots in terms of foresight of what is to come. I first created an open web forum where I thought people would use forums to help refine one another's business ideas. But people wanted to be private about their businesses. So I scrapped that and made a business planning private mobile app. In this mobile app, people were able to get advice from me. Over time, there have been over 5,000 on the app so I have become very good at helping companies. I noticed a few common issues: people struggled with business ideas, funding, and marketing. So I made peripheral apps for that to have a 4-app course.

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  • What advice do you have for young adults and college students when it comes to entrepreneurship and money?

    I really want to emphasize the importance of hard work. You have to work nearly every day for many hours a day, with great zeal, for a number of years. And I would also add that you not only have to work hard but also intelligently and creatively. I would also advise not to work alone. Get great mentors and co-founders. That will make things go much faster and smoother for you.

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  • What’s the biggest risk you ever took? Do you regret it?

    The biggest risk was when I started one of my first companies comehike.com without taking any investment. I had to literally figure out how to get revenue from that business from day one. It was very difficult, but I learned so much by just throwing myself in the pool and having to learn to swim. I don’t regret it now, but I do wish I would have gotten more mentoring and guidance. That would have really helped.

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  • Is there another way to being a young millionaire without starting your own business or basically being an entrepreneur?

    It really helps to have a rich uncle. If you don’t have a rich uncle, then you have to work hard. If I knew of another way, I would probably go after it myself. I personally got very lucky by being at the right place in Silicon Valley during the dot-com boom. But everyone has some advantages either through their background or interests, or education. So one thing to do is to look at what you can be really good at and try to be active in that field. And that could give ideas for how to find your niche. But in any case, to make money, people need to be creative, resourceful, hard-working, and patient. And over a period of a number of years, they will get there.

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  • How has investing your money on education and experience changed over time? Why?

    Yes, I was influenced by one finance manager whom I had asked for stock advice. Instead, he literally said “invest in yourself because the stock market is not a fair game and it is difficult for retail investors.” (<- Click to Tweet) At first, I didn’t like that answer because I asked for stock advice. But after I thought about his advice, I realized that there was wisdom in it and over time I adopted that philosophy more and more.

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  • Where do you currently invest your money? Why?

    Now I invest in myself. I invest in my education and experience. By education, I don’t mean that I take classes. What I mean by education is giving myself the freedom to try different things from which I will learn. So when I invest money, it is into my ventures and my current business because I know that whatever happens, I will learn a lot, and I will experience interesting things.

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  • What enticed you to start investing in real estate?

    At the time, the housing market was booming and there was a lot of buzz about it. Now the real estate market is not so popular due to the crash of 2008. But prior to 2008, investing in real estate was just about the panacea of investing. You almost couldn’t lose money and many people were making double-digit returns year over year. So at that time, it was a no-brainer.

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  • What lessons did you learn from the dot-com bubble that impact you today?

    I learned to be very watchful for hype, and to be very cautious about being blindly part of trends. I also learned the values of diversification and risk avoidance.

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  • How did you make your first million?

    During the .com boom in the late 90s, I was able to make money that I invested in real estate and the stock market. Plus, I have worked as a software engineer for a number of years, been a part of a $300 million exit at one company, and now have my own business. All the investment, income from work, and my own ventures added up to a substantial sum over time. So it wasn’t one sudden event. It was a combination of things over time.

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  • What do you think are the different formats through which one should be taking up the courses?

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  • How important is testing your own course?

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  • Is leveraging search inside native platforms essential?

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  • How do you use social media to boost your rank?

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  • What do you see as the biggest marketing mistakes that people make in their business?

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  • What do you do to stay focused on the things you plan to do?

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  • What are some of the big mistakes you see that people make in online business?

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  • How can one make money through mobile apps and what are or would be the lucrative areas?

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  • What do you have to say about ways to build a mobile app?

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  • What would be the process for you to launch your course and market them and how can the listeners take this advice and do the same thing?

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  • How do you manage to keep all the courses engaging and enjoyable to all the students and how would you handle their numerous doubts?

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  • How do manage to create and manage so many courses on Udemy?

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  • How do you write books and what do you have to say to those who are beginners in the field of writing and want to make an impact out there?

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  • What keeps you on no matter what regardless of life failure's big or small? Basically, whats that drives you, that you're passionate about?

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  • What's your secret behind the success for you when it comes in terms of business?

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  • You have been a popular author on Amazon, what's the success story behind it, and what could be the tips to achieve it?

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  • You've got millions of downloads on your mobile apps on business, how and what can we learn from it as a success story behind?

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  • What makes you call social media advanced and would you like to share some tips alongside?

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  • What is Problemio known for, what do you guys do?

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  • What would that one thing be to tell others to maintain better traffic and keep their website better?

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  • How do you manage to get the engagements higher for on-site stuff or even you have a on-site SEO?

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  • What do you have to say about offline marketing compared to online marketing?

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  • How do you drive the traffic and use social media and then how do you optimize the traffic converted to it?

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  • Is it important to have keyword at the very initial stage of the name of the app?

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  • How important do you think is reviews on your apps or may it be the number of people sharing it globally?

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  • How do you think people can push their apps and business to reach greater heights?

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  • How SEO has made an impact on your business and what more would you like to share on it?

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  • How much do other factors play on dominating on Google maps and the three packs such as optimizing your own website

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  • How do you know on what review sites to be on for those local voice searches and making it work for an android phone v/s an iPhone?

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  • How come sometimes there is one or two sometimes three businesses that have less review or no review?

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  • How to engineer your local search results so you get more of that?

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  • What are some of the misconstructs, misconceptions, and myths that one needs to shatter away while being working in any company?

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  • Is there something in particular that spawned or spurred in making the transition from self-developing to make others win in terms of local marketing?

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  • What is the message that you would like to give the entrepreneurs out there?

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  • Who is that one entrepreneur tat you look up to or who motivates you?

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  • How often do you take risks and do you have any regrets?

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  • What are the certain things that you've prepared for your company before launch to overcome those challenges?

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  • What keeps pushing you or motivated as an entrepreneur as to facing challenges?

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  • How could one build his/her own brand?

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  • What was it that brought you, you to you?

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  • Someone who has concepts and ideas but may not be a general idea to the rest of the world, but they've got something proprietary that they could develop, would you recommend them in going out and doing that?

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  • What would be that one takeaway from your favorite social media that one can do?

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  • Where do you think is the spot where people fail the most?

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  • How essential is planning when it comes to succeeding in entrepreneurship?

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  • When we all know that most entrepreneurs fail and when statistically its proven, is it right/fair to say them to give it one more try?

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  • How has writing books benefitted that sort of aspect of your business?

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  • Why books are so important or another great opportunity for online teachers?

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  • What is the realistic expectation for someone getting into online teaching for the first few months or even the first year?

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  • What's a typical day look like for you, you have all these businesses, how do you manage it all by yourself?

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  • What does it take for one to stay focused and have success in business?

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  • What Is That One Thing Which You Felt If I Knew This When I Was Beginning This Would Help Me Out So Much?

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  • How Does One Need To Make Sure To Stand Out When They Are In So Much Of Competence?

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  • What advice do you have for young adults and college students when it comes to entrepreneurship and money?

    I really want to emphasize the importance of hard work. You have to work nearly every day for many hours a day, with great zeal, for a number of years. And I would also add that you not only have to work hard but also intelligently and creatively. I would also advise not to work alone. Get great mentors and co-founders. That will make things go much faster and smoother for you.

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  • What’s the biggest risk you ever took? Do you regret it?

    The biggest risk was when I started one of my first companies comehike.com without taking any investment. I had to literally figure out how to get revenue from that business from day one. It was very difficult, but I learned so much by just throwing myself in the pool and having to learn to swim. I don’t regret it now, but I do wish I would have gotten more mentoring and guidance. That would have really helped.

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  • Is there another way to being a young millionaire without starting your own business or basically being an entrepreneur?

    It really helps to have a rich uncle. If you don’t have a rich uncle, then you have to work hard. If I knew of another way, I would probably go after it myself. I personally got very lucky by being at the right place in Silicon Valley during the dot-com boom. But everyone has some advantages either through their background or interests, or education. So one thing to do is to look at what you can be really good at and try to be active in that field. And that could give ideas for how to find your niche. But in any case, to make money, people need to be creative, resourceful, hard-working, and patient. And over a period of a number of years, they will get there.

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  • What’s your advice for app disciples (Entrepreneurs) who are just starting out?

    If you are just starting out, it is easy to get enthusiastic and excited about your app, but the app business like most other businesses is a long-term game. So persistence is key. The app business isn’t about launching the app and seeing it grow like a rocket ship. The app business is more about being scrappy and improving every part of your app business. This means improving your design, app speed, fixing bugs, improving monetization, improving your app marketing, UX, and navigation, making sure the users use the apps on a regular basis, and as much as possible, app store landing page conversion rate, and many more things. Patience and attention to detail will be your long-term friends much more than short-term enthusiasm. Also, plan ahead. Don’t get into wildly competitive niches. Take the time to plan your app idea. Also, if you are not an app developer, you are at a disadvantage. So I recommend taking the time to learn to code if you can. It is a fantastic long-term skill to have and it will make your long-term app development much cheaper which will help you be more competitive long-term.

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  • What's the secret behind having a strategy for marketing your app?

    One unique thing I did early on was, I enabled a chat feature in the app. The app users were able to chat with me directly about their business issues and questions. I wasn’t the biggest business expert by any means, but I gave them time and care. I really took the time to think about their situations, and my users really appreciated that. This, of course, resulted in much better than average reviews and with those reviews, my apps show up in the app store rankings. (If you are looking for more reviews check out 6 growth hacking strategies to skyrocket app reviews.) As the app scaled and grew, I wasn’t able to answer everyone’s questions. I later made this a paid feature and I later removed it entirely. But in the beginning, the extra personal care and attention I gave people helped me get the extra reviews and social sharing to get my app to rank higher in the app stores and get downloads.

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  • How did you go about developing your app? What was your Minimum Viable Product?

    I actually used my first app to learn to code apps. I was a software engineer before, but I never made apps. So making this app was a way for me to learn to make apps. It took me about a month to launch my first Android app The initial version of the app was extremely basic. It didn’t even have a logo. It just had the Android man as the app icon. But Android allowed me to launch that app as it was, and I began getting a trickle of downloads that same day. It was just one or two downloads a day, but to me that was amazing. Over time, I kept improving that app, but my MVP was extremely basic. I was just happy to have the app live.

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  • Did you validate your idea on the Business app? If yes, how?

    I actually went around and asked different people and business owners about my original mistaken idea. And most of them said they liked it. That goes to show that just talking to people isn’t real validation. At the end that original idea was a failed idea, I went to market with. Plus, like many entrepreneurs, when someone does make a contradictory point to my existing ideas, it is easy to disregard their points. I had to learn the hard way and wiggle out of my own mistakes after I launched the app. Again, this is one area where a good business mentor could have really helped.

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  • How did you come up with your app idea?

    At the time I created the app, crowdfunding was becoming very popular and I wanted to make a crowdfunding app that would allow people to brainstorm and plan business ideas on the app and once they brainstormed the business ideas, they would be able to crowdfund those ideas right on the app. But that was a mistaken model. People didn’t want to brainstorm business ideas with strangers and go into business with strangers. (Looking for app ideas? Check out how to come up with an awesome app idea.) The only piece of the puzzle that was left was that they should do proper business planning. So that was what the app evolved into, a business starting and planning a series of apps.

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  • What is that one thing which all the entrepreneurs should never neglect to keep in mind?

    It is important to understand and note who are the other players in your space. They are your competitors. They are to be respected, understood, and learned from. You need to understand why they are successful, and their shortcomings too. Wherever they fail, maybe an opportunity for your business to pick up and differentiate from the competition. You do not need to be better, but you need to understand how you are different. You also need to understand and have strategies for competing with them moving forward.

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  • What and How Important Is Target Market?

    This is the dollar amount of the industry you are targeting. Some industries are very large and some are pretty small. You have to show to the reader that you understand what your addressable market is, and its size. If you are building a company that sells something very niche, your market size may be small, but if you are selling computers or cars, your market size is in the many billions and is obviously very large. You must know your market size because without knowing this information, you cannot determine whether your business idea will be able to help you achieve the kind of business success that you are after.

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  • How To Become A Stronger Entrepreneur?

    If you want your business idea to succeed, you must be the main driver that is always pushing it forward and improving it. This means that you must make yourself a stronger entrepreneur. The better you are as an entrepreneur, the more likely it will be that your idea will succeed.

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  • Should One Protect His/Her Ideas From Others?

    There is always quite a bit of discussion and debate over the topic of protecting business ideas. Some people argue that you should keep it a secret while others insist that you should be free and open about it. The correct approach is likely somewhere in between the two extremes. If you are curious about this topic, take a look at our article about protecting business ideas. Another option business owners have to protect their businesses is something called the non compete agreement which prevents the employee from stealing clients or going to work for companies that are directly competing with your company.

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  • Does the Mismatch of Business to Founding Team Affect The Business?

    Different people have different strengths. The founder does not have to possess all the core skills that the business requires. But together the nucleus of the founding team does have to possess the core skills required by a business. For example, Internet/tech businesses typically require the founding teams to have a tech background. Food-related businesses require a culinary or hospitality industry background. Product-centric companies require the ability to make great products and sell them. Some businesses need to raise a lot of money while others need to get a lot of publicity. The founding team must have the skills for whatever the business will require. If that is not the case, that will make the business more of an uphill battle.

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  • What Are The Business Idea Mistakes & Bad Business Ideas One Shouldn't Follow?

    Keep in mind: just about any business idea can work. If you think about it, some very unusual business ideas have worked in the past. Conversely, it often happens that very common business ideas actually do not work. There are a few key reasons like overall strategy, positioning, marketing, degree of hard work, perseverance, availability of resources, timing, product quality, market and economic conditions, and much more. As an example, consider a very common type of business: a restaurant. Many restaurants have been successful in the past while many have also failed. Many things have to go right starting from the planning stage. For example, if the restaurant is in an area where there are not many people passing by, it will be difficult and costly to acquire new customers. If the food is not great or too expensive for its quality, the restaurant will not have repeat customers and get bad online reviews which will work to turn new perspective patrons off. Many things can go wrong. The staff may be unfriendly. The economy might be weak. A better restaurant can open up next door. The business can run out of money before it breaks even. Or the founder just did not have enough knowledge or experience in the industry which caused too many mistakes to be made along the way. So to make this kind of business successful, the founder has to make sure that as many of these issues can play in their favor than hurt them.

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  • Is Moving The Business Idea Forward And Evolving It Essential?

    As the entrepreneur keeps testing out his or her ideas, the original idea begins to change and evolve. The evolution is not a linear improvement, but rather a mix of some steps forward and some steps back. Most world innovation was a result of continuous trial and error rather than a single lightbulb moment where an idea suddenly comes to someone. So as the entrepreneur keeps learning about what was not quite right with the original version of his or her idea, he or she continuously gets slightly better ideas which they think is the new great idea. Then the entrepreneur tries a new idea out and again learns about which parts of that idea were not quite right. As the entrepreneur keeps trying, the original idea continuously evolves, moves forward, and becomes less and less recognizable. Anyone doubting this, search Google for "First Yahoo homepage 1994." This may be partially ironic to anyone who has ever tried to protect their business idea because if anyone tried to steal or copy that first idea, they would have gotten a really bad idea while the entrepreneur who continuously worked on an idea would have probably evolved that idea into something more worthwhile over time.

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  • How Important Is Validating The Business Ideas?

    If you are trying to tell whether your idea is good and are trying to do market testing for your ideas, and are concerned about someone copying your ideas, we have a full article dedicated to the topic of protecting business ideas. Most of the time it is good practice to be more open with what you are planning to do for your business because it allows you to engage people in the dialog. But, of course, how open you are about sharing your business ideas is entirely up to you and should be considered on a case by case basis. Here is another article with a checklist of items to help you determine if your business idea is good or not. It is prudent to do market research or market testing for almost any kind of company. Whether you have a home-based business idea, a local small business idea, or a technology business idea like an app or a unique website, it is good to talk to potential clients and business niche experts to get feedback on whether they think your business idea is viable, and whether it is as good of a business idea as you think.

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  • What If One Is Not Sure About His/Her Idea?

    If you are not sure about your business idea or are struggling with non-business issues, it might be worthwhile to consider some of the non-business issues that entrepreneurs often face. We have a full article about business psychology that addresses some common psychological issues faced by business owners. One other aspect of business ideas to consider is how they evolve. If they just sit there without being worked on, they don't do anyone any good. But as soon as someone starts working on them, they begin to grow and evolve. For a fuller discussion on this subject, please take a look at our business idea evolution article.

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  • Should One Protect His/Her Business Ideas?

    There is always quite a bit of discussion and debate over the topic of protecting business ideas. Some people argue that you should keep it a secret while others insist that you should be free and open about it. The correct approach is likely somewhere in between the two extremes. If you are curious about this topic, take a look at our article about protecting business ideas.

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  • How Does One Make Sure Of Having a Complete Strategy?

    Once you have a good idea, and you talk to enough people about it, try to gain a sense of your complete business and product strategy. That means taking a bigger picture view. For example, you may have a good idea for a product, but it might be difficult to market that particular product as you might have conceptualized it. That is a big risk. On the other hand, it might be a good product that is easy to market, but there may not ultimately be much money in it. If there is plenty of money in it, there may very naturally be too much competition, and in case you are relatively new to entrepreneurship, being in a fiercely competitive business environment is not playing to your strength. The list goes on. You can also be missing by a few years by being too early or too late. The number of potential blind spots or pitfalls is very large. No one can predict every detail, but the greater and more detailed you mold your world view as it relates to your product, the more potential pitfalls you will be able to avoid. Your goal now should be to come up with a really winning and complete strategy. So put a lot of thought into business planning and learning about your business niche and how your business does well in it. Here is a tutorial on different kinds of business models to help you create a good business plan and business model for your idea.

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  • Should People KeepTheir Business Idea Secret?

    There are varying schools of thought on this issue. Some people like to remain secretive about their ideas while others like to ask as many people as possible so that they can get more feedback. The pros and cons are obvious. If you keep the idea a secret, you will get less feedback. Your only option to validate the product will be to put it out in the market (a relatively expensive step in terms of time and money). But you do gain the benefit of fewer people being able to steal your idea. On the other hand, if you tell more people, you can get a broader range of opinions from which to learn and refine how you think about your idea. Of course, someone whom you trust may like your idea so much that they may disregard ethics and go ahead and try to claim your ideas as theirs. The good news is that if you are eventually successful, there will be hundreds of people who will be stealing your ideas and competing directly against you because all your ideas and products will be available to the public, so competition is just natural and inescapable. For more on this topic, take a look at a full article about protecting business ideas.

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  • How Important Is Business Idea Validation?

    If your idea can become a viable product or service, and then a company. After all, up to now, no matter how good of an idea it may be, it is still a concept and the next step is to gauge how to make it a reality. The process of determining whether your business idea is a good one is called idea validation. During the idea validation phase, you must talk to many people and get their opinions about your business idea. You should talk to friends and family, business peers, industry experts, and potential clients. During those conversations, you must get people's feedback on your business idea. You don't have to take everyone's feedback, but you should certainly think about what everyone said, and synthesize it in your mind.

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  • How Can One's Business Idea Improve the World?

    This section is very important. Having considered what you want to do, and what your strengths are, your business is ultimately not completely for you. It is more for your clients and customers. Perhaps your business is much more for your customers than it is for you. Always think about your clients because without them no business can exist for long. Every business needs customers and your job is to find something you can do to make someone's life better. If you do, that person can become your customer. You can solve someone's problem, entertain them, teach them something, etc. You have to ultimately provide a great enough benefit to your target customers so that they would be willing to pay you for your offering and/or come back to use it again.

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  • For Good Business Ideas That Are Right For You, What Should Be One's Interests and Passions?

    If you will be successful, you may end up doing this business for two, five, ten, or maybe even more years. Think about what you want to do, and what would make you happy. Conversely, try not to get into business areas just for the money. If you start a business in an industry where you do not want to be or have no interest in, you may not find yourself being fulfilled, nor find the strength to make it through the various business challenges and the difficult stages throughout the life of the business.

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  • For Best Business Idea Fit How To Take Advantage Of Your Strengths?

    It is a good idea to first think about your personal and professional strengths. Are you an engineer who can build high-quality technical products? Are you good at sales? Are you well-connected? Are you patient? Are you less patient than others? Are you a leader, or do you want to be one? Do you have a high moral and ethical I.Q? Whatever your strengths are, whenever you think about what kind of businesses are right for you, try to align your strengths so that you can give your venture the most competitive edge. Conversely, try to minimize your weaknesses. For example, if you are not technical, do not rush into businesses that require a lot of technical aptitude and skills. That does not mean you should be discouraged. It just means you should think through it a bit more thoroughly. Additionally, many businesses require substantial upfront capital. If you are not wealthy and are not able to raise high amounts of capital, those businesses may not be best for you. The great news is that everyone has strengths, so everyone can find a niche where they can give their business a competitive advantage. If you play to your strengths, you can give yourself a much higher chance to ultimately succeed. We are cheering for you!

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  • Do you think improving or working on soft skills is vital?

    I already fixed all the easy things. It’s the things that are hard that linger and pulls people back; causing failures in their business. I think as soon as people focus on developing soft skills they’ll begin to improve their business. Soft skills are things like anger management, emotional management, emotional intelligence, goal setting, etc. There are about 30 different fields under which you can call soft business skills or productivity skills. Everyone has a few that really hold them back. As soon as they fix it, their business shoots through the roof. Because they’ve already solved a whole bunch of other ones. They just need to solve the ones that are currently holding them back. Which is really the hard part. Then you usually hit a plateau. Plateau and then I fix something in myself that used to hold me back and I’ll leg up you know and then again plateau, plateau, plateau and then leg up so on. Self Development is Crucial for Long-Term Business Success

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  • How do you think one could overcome stress?

    There are many things people can do to relieve stress. Eat better, sleep better, exercise more. Those are all things that will put you in a better state of mind. Do more meditative tasks, not necessarily meditate but like take a walk without your phone. Something that gets your better part of your brain working. So those are a few immediate steps to get motivated right now. Improve your thinking so that your reptilian brain doesn’t completely take over. Because if you’re 24/7 in front of the computer stressing, naturally you’re just not going to listen to sound advice. Following bad decisions over and over will continue leading to bad decisions which will lead to a lack of success. Lack of success will lead to low confidence, low confidence will lead to quitting and so that’s why people fail.

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  • Do you think stress has the power to alter one's brain?

    Going back to soft business skills. There is a really interesting thing that no one ever talks about. There’s something that happens to your brain. Why do most people go into business online? It’s rarely out of a hobby. Because if that was the case they would have already been in online business. If that’s the case, they’d already been the kind of nerds that are in on it. It’s usually people who maybe have a financial hardship that needs extra income. And financial income causes some of the worst kind of stress you can have. So for people starting out when they’re in stress… And usually, when they’re first starting out, they’re totally stressed.

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  • What Tendencies are Holding You Back When It Comes In Terms Of Business And Life?

    So it’s really our human tendencies. Like some people may procrastinate. Some might have low confidence. Some people might have a hard time being accountable to themselves. I see this a lot, they get really excited. They’re like “oh I’m going to totally do this” and then they don’t do it. They don’t have the self-discipline. So it’s really super basic human things that are hard to fix. Because if they were easy to fix, whoever has them would already be fixed them. For example, the focus is a huge one. Let’s say I’ve solved goal setting. For me, that seemed to be easy, but staying focused is like a never-ending thing that’s hard to maintain.

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  • What do you have to say about coming across failures?

    I remember my first success. It was right after a real, real struggling business that ended up failing. But through that failure, I had to figure out so many solutions and things on my own that it actually made me a stronger entrepreneur. It taught me what real hustle is and then on top of I gained experience I feel like I’d rather have avoided. But it made me a stronger entrepreneur. A lot of people do say that it’s not necessary to fail like Peter Thiel. You know he has a big theme that he doesn’t think people should fail. I think it’s debatable. I feel like that failure gave me a lot of really hard experience. I also know it’s really hard to talk about your failures. Because you know you don’t like to admit your failings (it becomes an ego thing) because I fail more than I’d like to admit.

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  • What was your way of start that you would like to tell people as to not commit the mistakes?

    I have been in so many industries. I was in San Francisco during the.com boom in the late 90s and you know I just caught the bug. I wanted to do startups. It was very electrifying! It had so many promises. When I finished high school, it was like wide open for me and I jumped in and I rode that way up. And I it rode the way down and it just never stopped and I was always like “really?!” But the main thing that really persisted personally, was pursuing my own ideas in the beginning they flopped completely because I liked my ideas but I didn’t know the business. So making those mistakes on top of my ideas at first, led me to spectacular failures. Then they were just okay failures. Then they were kind of successful. Then I just started slowly becoming a little bit… Well, I’m not going to say successful, but you know, the things I had been doing started getting better and better over time. So it’s just kind of an evolution. Mostly the theme that I’ve had is: I like pursuing my own ideas. And I think that’s true for everybody. I like it so much that it really pushes me, like a lot of people like it but not everyone takes action on it.

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