As you create your business plan, let your target audience be your guide in determining the best marketplace for your goods.For the freelancer – Freelancers typically possess valuable skills they are able to sell as services to others.
At Fizzle, we call this plan a sketch: it’s meant to be completed quickly, if not a bit roughly, but the objective is still to put pencil to paper.
This one page game plan summarizes your high level strategy in one page, so naturally there are a lot of questions to answer. How will you turn that value into something people will actually pay for? Fizzle’s Business Sketch Template serves as a guide through these aspects and beyond, breaking all the essential elements into straightforward questions.
Therefore many entrepreneurs, eager to get started and afraid of spending too much time immersed in hypotheticals, give their ideas the once over and say, “I think I’ve got this.” It’s tempting to dive right in with your topic and ideal customer avatar, assuring yourself that you’ll see what happens.
If you aren’t in any kind of hurry to bring revenue in the door, then perhaps this approach can work.
For the revenue portion of the Business Sketch Template, the key questions to ask are simply, For the maker – Makers are characterized by having some type of physical good for sale.
As a maker you will need to decide what product you will sell and for how much, while also factoring in what it costs you to procure it.
Makers also have plenty of options when it comes to sales platforms.
For example, artistic pieces may sell best on Etsy, while the e-commerce guru might use Amazon to find buyers.
While you might stumble into cash if you simply serve hard, devising a strategy for making money is made infinitely easier with the implementation of a framework.
In Fizzle we frequently talk about business archetypes in an effort to profile the most common methods for making money.
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