The opposite of a good idea can also be a good idea.
Here's a breakdown of this incredible framework and how you can start using it to find opportunities and business ideas.
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Red Bull is a product that tastes worse than Coke (by all objective measures), is more expensive, and comes in a smaller can.
And nevertheless, it’s selling like crazy. Red Bull sells over 7.5 billion cans per year!
The small can, high price and terrible taste all help to establish the brand image that Red Bull is a performance-enhancing supplement.
Slow started as a joke.
The founders noticed that Fast.co was generating a lot of hype around their fast, one-click checkout experience.
So they thought, let’s create the opposite of that: the slowest possible checkout experience.
This seems like a really silly idea until people started pointing out that it could actually be useful.
A slow checkout experience helps to prevent impulse buys.
I'm using this trick myself by not saving any passwords or credit card information in the browser.
Most rock bands play predetermined arrangements of their music, and they practice obsessively to achieve their desired result: the ability to play note-perfect versions of their songs.
The Grateful Dead did the opposite.
The members weren’t interested in achieving perfection and then repeating themselves.
They prided themselves on never playing the same song the same way twice.
As a result, fans felt as if anything could happen at any time and their concerts were always sold out.
Everyone loves ad blockers. But there's an extension call Turbo AdFinder that does the exact opposite.
It blocks everything except the ads on Facebook.
30,000+ people are using it to spy on competitors and find inspiration for ad campaigns
💡 So in a nutshell:
• In physics, the opposite of a good idea is a bad idea.
• In psychology and business, the opposite of a good idea can, in fact, be a great idea.
I learned this framework from Rory Sutherland's brilliant book Alchemy.
There is often more than one path to success in a given market.
If you do the exact opposite of what other players in the market do, you might still succeed since you're speaking to a different segment.
Here's how you can use the framework to come up with new business ideas:
• Make a list of all products, apps and services you're commonly using.
• Next label them using the prompts below.
• Then explore what a product at the opposite end of the spectrum would look like,
Scarcity vs. Abundance
• Not many people have this, so it must be good.
• Everyone has this, so it must be good.
Cheap vs. Expensive
• Charge a high price, so it’s reassuringly expensive.
• Make it cheap, so it’s an amazing deal.
Best Practices vs. Unfair Advantages
• Implement practices that everyone’s doing.
• Implement practices that no-one’s doing.
High vs. Low Friction
• Reduce friction as much as possible. Make sign-ups quick and easy.
• Introduce friction. Require prospects to apply.
Perfect vs. Unique
• Customers get exactly the same perfect result/product/experience every time.
• Each result/product/experience is unique.
Now let's brainstorm a few ideas 👇
🔮 What if instead of making your newsletter free and digital, you'd make it extremely expensive and deliver it offline only?
If you think that's a dumb idea, check out what Ben Settle is doing with his Email Players newsletter.
🔮 What about a browser that loads sites very slowly instead of as fast as possible?
This could really help to browse the web more intentionally and help to avoid compulsive behavior like checking Reddit or Twitter every five minutes.
🔮 Writing services typically charge a fixed fee per word. But this leads to bad results since the best writing is short and concise.
The incentives are not really aligned.
A solution could be a service that becomes cheaper the longer the article in question is.
This sounds counterintuitive but it's actually more work to write a short article than a long one.
You basically have to write the long article first and then cut out all the fluff.
To quote Mark Twain: "If I had more time, I would have written a shorter letter."
And that's it!
If you liked this thread, make sure to retweet the first tweet to bookmark it and share it with others.
This will help me understand if the thread provided value and motivate me to write similar ones in the future.
A smart way to build a profitable business is to take advantage of a rapidly growing trend using a well-proven playbook.
I just spent 2 hours going through my personal trend database.
Then I matched the most promising ones to my favorite playbooks.
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📈 Dog Talking Buttons
Speech pathologists use recordable buttons to communicate with nonverbal individuals. These buttons can also help dogs and other animals communicate their needs and wants.
💡 Apply the 12 Months to $1 Million ecommerce playbook by @RyanMoran.
📈 Leaf blowers
No idea why interest in leaf blowers is growing so steadily but this is definitely an interesting trend if you're not afraid to get your hands dirty.
💡 Start a leaf blowing service business, @sweatystartup style.
Should I rebrand Opportunties.so? And if yes, what would be a good new name?
The current name no longer captures the scope of the project and the domain ending hurts trust and SEO.
(More thoughts below)
Business Metagame
I recently thought a lot about metagames and think Business Metagame would nicely capture the scope of the project (Trends, Patterns, Frameworks, Case Studies, ...).
C.f. @ejames_c's theory that "to get good, you have to go after the metagame".
Atomic Entrepreneurship
I think this name is pretty self-explanatory and would be a good fit since I'm basically dissecting entrepreneurship one trend, experiment, business model, case study, and framework at a time.
It also nicely emphasizes my focus on humble projects.
Certain ideas unlock 1000s of opportunities as soon as you understand them.
Here’s a breakdown of one such concept and how you can take advantage yourself.
(It's what the bulletproof coffee guy uses to make $50M/year.)
// THREAD //
People are now hyper-aware of their health and want to make sure they’re in tip-top shape.
This includes being more aware of environmental factors that potentially impact it and, where possible, trying to minimize the impacts.
For example, Health Twitter™ spends a lot of time warning people about things like electromagnetic frequencies (EMFs) and telling people to fix their posture.
I recently discovered a simple (but not easy) step-by-step process that tripled by personal productivity and made me happier along the way.
It costs $0 and no, it's not some note-taking or to-do list system.
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In short:
• Step 1: develop meta-awareness of your state of mind.
• Step 2: pattern-match to identify your mind's most common modes.
• Step 3: learn to pick activities that match each mode.
I know that sounds kind of weird but I promise it'll make sense in a minute.
== Step 1 ==
You need to learn to observe what's going on in your mind almost like a third-person observer.
This is difficult and requires a lot of practice.
The goal is to have moments of clarity where you're able to see "ah that's what's going on in my mind right now".