Your Grade For Your Business Idea

High ticket Job Coaching System

Description:

• Decent entry barriers.
  The resources needed to launch this business (time, skill, money) is a good entry barrier to help insulate this business from future competition. Typically stronger entry barriers help dissuade competition from entering the space, hence, eroding margins while driving up ad costs.
• Few, if any third-party dependencies.
  Congrats on having control over the major operations of your business. Not one company can ruin your business with one arbitrary decision. You have effectively mitigated a substantial risk that many small businesses undertake.
• Decent market size.
  The size of your market is healthy with plenty of buyers. This means if you succeed, even moderately, your business can potentially change your life. Execute at 'best-case scenario' levels and your life will probably change.
• Your market is relatively easy to reach via ad/marketing initiatives.
  Ease of reaching potential buyers is a definite strength, although such ease usually means it's more expensive to do so.

• Limited to zero repeat use.
  A big trouble spot here is that your product is a limited use product. This means that once you find your customer (either through expensive marketing or some other expense initiative) they are unlikely to buy again. Not because your product stinks, but because it just can be used once, like a book, a game, or a calculator. While this isn't the end of your idea, it is a facet that you must deal with by offering more options (For example, more books, more games, etc.) to continually leverage your customer list. Additionally, because your product is just a one-time (or two-time) deal, your marketing efforts will have to continually replace old customers with new ones. Build momentum will be a struggle.
  

• Average need
  The need you've identified, or the relative value as compared to existing options is just average. The need you're solving (or the unique value you're providing) is the most important.
• Average replication ability.
  Replicating your product is not relatively hard. While there might be some challenges in meeting a huge demand, you should be able to make it happen with some adjustments and/or investments in resources; human, financial, or digital capital. Your ceiling on wealth creation is correlated to this metric as it correlates to your ability to meet demand.
• Average automation potential.
  Looks like your product/service can be potentially automated so you're not tied to it forever. Additionally, this gives your business the potentially to earn passive income in the future.