Part 7/9:
Understanding your audience is critical when building a business. Ali reflects on his early days of content creation, where he focused on helping aspiring medical students. Recognizing who your audience is not only tailors content and services to their needs but also positions you better in the marketplace. Defining a target audience provides structure to how one approaches content or business creation.
Step Seven: Monetize
Prior to developing a product or service, Ali urges aspiring entrepreneurs to first ascertain demand. This can be done through methods like creating a waitlist or conducting pre-sales. Validating an idea before investing time and energy into it can save entrepreneurs a significant amount of both.