How To Turn Your Dream Into Business

Vasily Malyshev
create an app

We’ll be providing you with a number of stages to tick off as you go, and we’ve seen client after client reach considerable success by following this process, and ensuring all the tasks on this list have been thoroughly carried out. Over the years, we’ve made a number of custom apps and smartphone applications for clients who really have taken their dreams and run with them and if they could do it, so could you. The sky really is the only limit!

Research Your Competitors

No product or brand exists as an island, completely distinct and separate from everything else. No matter what you do, make, or provide for your prospective customers, there will be someone else out there doing something similar, if not the same. Getting to know how they work, how their customers tick, and what makes them successful is a key part to getting your dream off the ground.

Research

There are a whole number of ways you can get to know your competitors. You can, for example, look into reviews left by real customers (the wonders of the internet mean that almost every service imaginable has by now been reviewed somewhere online), become a customer yourself, or hire someone to compile some competitor research for you.

However, you go about it, this is a vital stage of the process. It will allow you to see the minimum standard you’ll have to reach in order to effectively compete, as well as give you a chance to select your pricing, your level of service, and think of ways to stand out and attract a loyal customer base of your own.

Conduct Market Research

It would be unthinkable to launch any kind of product or service without conducting plenty of market research first. You need to know your customer base inside out before you go into any kind of promotional campaign, and before you finish honing what your business does.

Failing to do adequate market research could see you end up being far wide of the mark you need to hit, and struggling to make the impact you need to be making. Market research comes in many stages, but the most important are:

  • Defining customer needs

What is it your customers want? What is the market calling out for, and desperate to see become available? Once you understand what your customers expect, demand, and need to see from your brand, you’ll be able to tailor every step of the process to satisfy them and get them on side.

  • What problem does your product solve?

Every business needs to address a specific problem your customer is facing, whether they realize it or not. Once you’ve identified the precise nature of that problem, so many of the steps you’ll need to take will fall into place.

The nature of your campaign, the tone you’ll use to address your customers, the precise details of your product or service, the features of your custom app all of these things will exist in relation to the problem-solving nature of your market research.

  • Your customer’s thoughts and feelings about content

What sort of content does your audience respond best to? Do they like informative, educational content? Funny material that’s good for sharing on social media? Serious and thought-provoking content? Do some research into their social media habits, and you’ll be able to keep this in mind when promoting your business.

Identify Your Target Audience

The success of your business depends hugely upon your knowledge of your target audience. You need to know these individuals very well indeed, and learn as much as you can about them. You’ll need to identify exactly who your target audience are by using precise demographics, and will need to know details such as their:

  • Age
  • Location
  • Likes and dislikes
  • Professional field
  • Income
  • Quirks
  • Habits
  • Family status
  • Favorite products and services
  • … and much, much more besides!

No product or service is right for everybody, and casting your net too widely only leads to your message being diluted. Hone your attention as precisely as you can, and your content, marketing, and business plan will benefit hugely as a result.

Your Vision and Budget

It’s your passion. Your dream. Your key to success and prosperity. As such, it’s all about your vision and that vision needs to be as clear as day in order for you to know how to proceed.

You’ll need to spend some real time getting everything in order, whether that means drawing up detailed business plans, consulting with expert designers and project managers, or consulting an expert app development agency to get your digital campaign and app creation underway. It’s something which takes a huge amount of effort, but get it right, and it will all pay off in the end!

Another key aspect of your vision is your budget. For most of us, we don’t have access to an inexhaustible well of funds (although that would be wonderful!), and as such, knowing exactly how much you can afford to spend is vital to the success of your dream.

app dev budget

Write up a budget as early on as you can, and stick to it as closely as possible. With each stage of your business, you’ll need to rewrite and review your budget, to check how much money you’ll have access to for the next stage to come.

Build The Model

Prototypes and models are essential when turning your dream into your business. Such things will help you gain a deeper understanding of your products and services, and will give you a chance to gather feedback and iron out issues before your official launch.

This is especially relevant if you’re planning on using a custom app for your business. Apps often need to go through several drafts before completion, as usability and smooth transitions are key to the success of an app.

Make sure you involve several individuals from your target audience (as well as different backgrounds) who can provide feedback on your models before you move onto the final stages.

build mvp

Stay Focused

Turning your dream into your business can be hard. It can be exhausting. There will be times when you’ll wonder if all the effort is worthwhile, and when you will struggle to see the light at the end of the tunnel. Rest assured: the light is most definitely there, even if it’s obscured by what seem like insurmountable obstacles.

Staying focused, dedicated, and committed to your dream is the most important part of your journey towards turning your dream into a business. Success doesn’t come easily – especially in the early stages – but it will come to those who hold their nerve, keep their focus, and never stop dreaming. Believe in yourself and your business, and others will too!

neon motivation

We’ve all got our passions, our dreams, and the things we love to do in our free time. Whether that involves baking delicious cakes, creating jaw-dropping digital artwork, making clothes, fixing up cars, or something entirely different, such hobbies and pastimes are what make our time a lot more pleasurable, and allow us to take our minds off the monotony of everyday life.

No wonder, then, that so many people crave the chance to turn those dreams and passions into businesses, and transform what they love doing into something highly profitable.

It’s true – when our jobs are in sync with our passions, each day becomes a pleasure, and each working hour becomes part of an ongoing adventure, filled with new delights. As the old saying goes; do what you love, and you’ll never work another day in your life.