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Reposition Good / Fast / CheapΒΆ

This one is one of the easiest way to come up with business ideas.

Every business out there can be rated on 3 different dimensions: - Good - Fast - Cheap

You can be only 2/3

  • Think of an industry you are interested in
    • What's the last website that you used?
    • Are they on to something?
  • Think of a way to do what they're doing but a little bit better.

Example:

  • You're really interested in app development and contracting
  • You find gigster app that matches contractors with companies
  • Try to figure out what dimensions are they working on.
  • Fast, Good
  • Which of the other combinations could you capitalize on a different part of the market or the market that gigster is already serving?