5 types of market research to make a great product
Let's look at the various types of market research you might choose to conduct. There's more to come in part 2, so stay tuned.
Let's look at the various types of market research you might choose to conduct. There's more to come in part 2, so stay tuned.
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A business plan is a blueprint for success that outlines the objectives and strategies of a business. It is an essential tool for any entrepreneur or business owner to ensure that their goals are met and their businesses thrive. A well-crafted business plan will provide clear direction and help ensure the success of any venture. It should include detailed financial projections, market analysis, competitive analysis, marketing plans, and other information. A comprehensive business plan will be used as a roadmap to guide the company’s growth and development over time.
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😂 Memcoins: a scam or an opportunity to make money?
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New cryptocurrencies are thought to be created for the sole purpose of changing the global financial system and bringing a decentralized future closer. But sometimes developers just want to have fun and create meme coins.
➡️ Meme Сoins are cryptocurrencies inspired by Internet memes are called. This is a prime example of a financial asset that has no fundamental value and grows only because of the community.
The very first meme coin, Dogecoin (DOGE), appeared thanks to a meme of Elon Musk with a Shiba Inu dog. Dogecoin traded at $0.0003-7 in late 2013 and reached $0.74 in May 2021.
At the time of this post, DOGE is capitalized at about $11 billion, which means the project is worth more than the U.S. tech company Dropbox.
↪️ What are the dangers of meme coins?
• high volatility
• "rug pull".
Rug pull in crypto is a fraudulent scheme in which developers create a token paired with standard cryptocurrencies like ETH or USDT, place the token on a decentralized exchange and withdraw all funds after purchase by investors.
But is it worth investing your money in meme coins? This is a question for which there is no simple answer. As with all cryptocurrencies, investing in meme coins comes with high risk.
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New cryptocurrencies are thought to be created for the sole purpose of changing the global financial system and bringing a decentralized future closer. But sometimes developers just want to have fun and create meme coins.
➡️ Meme Сoins are cryptocurrencies inspired by Internet memes are called. This is a prime example of a financial asset that has no fundamental value and grows only because of the community.
The very first meme coin, Dogecoin (DOGE), appeared thanks to a meme of Elon Musk with a Shiba Inu dog. Dogecoin traded at $0.0003-7 in late 2013 and reached $0.74 in May 2021.
At the time of this post, DOGE is capitalized at about $11 billion, which means the project is worth more than the U.S. tech company Dropbox.
↪️ What are the dangers of meme coins?
• high volatility
• "rug pull".
Rug pull in crypto is a fraudulent scheme in which developers create a token paired with standard cryptocurrencies like ETH or USDT, place the token on a decentralized exchange and withdraw all funds after purchase by investors.
But is it worth investing your money in meme coins? This is a question for which there is no simple answer. As with all cryptocurrencies, investing in meme coins comes with high risk.
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As a business owner, it is important to stay ahead of the competition and be prepared for any changes in the market. In order to do this, you must have a good understanding of the current business environment and know what strategies will help you succeed. This article will provide some useful tips that can help you stay ahead of your competitors and increase
your chances of success.
We will discuss topics such as marketing strategies, financial planning, customer service, and product development. With these tips, you can ensure that your business remains profitable and successful in the long run
your chances of success.
We will discuss topics such as marketing strategies, financial planning, customer service, and product development. With these tips, you can ensure that your business remains profitable and successful in the long run
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Task: Jane and her online store
Jane was going to launch an online store selling sporting goods. She decided to interview the target audience to understand their needs.
Unfortunately, Jane didn't realize that asking the right questions was crucial to a successful interview. As a result, she made a lot of mistakes.
Here are some of the questions she asked. Which one do you think is correct? 🤔
Jane was going to launch an online store selling sporting goods. She decided to interview the target audience to understand their needs.
Unfortunately, Jane didn't realize that asking the right questions was crucial to a successful interview. As a result, she made a lot of mistakes.
Here are some of the questions she asked. Which one do you think is correct? 🤔
Some Fun Psychological Trick You Should Try on Someone.
1. If you want someone’s attention start the conversation off by saying "I am not supposed to be telling you this"
2. If you want someone to tell the truth, get them to laugh before asking them questions.
3. If you have anxiety while talking to someone chew some gum it tricks your brain into acting calm.
4. If you are in an argument stay as calm as possible and when they are done stay silent and stare at them it will piss them off so much.
5. If someone interrupts you while you are talking carry on talking, they are going to feel awkward and shut up.
6. Trying to hold back your thoughts about someone make you miss them even more.
7. Life becomes more meaningful when you realise you never get the same moment twice.
8. If you want to check if someone is looking at you, yawn then look back at them, if they yawn back, they were looking at you.
9. You are more likely to achieve your goals if you keep it to yourself and write about it.
10. You appear more attractive to others when you make them laugh or smile.
11. Studies show that using hand gestures while speaking makes you seem more trust worthy and desirable.
12. Cheaters tend to think everyone cheats just like liars think that everyone lies.
1. If you want someone’s attention start the conversation off by saying "I am not supposed to be telling you this"
2. If you want someone to tell the truth, get them to laugh before asking them questions.
3. If you have anxiety while talking to someone chew some gum it tricks your brain into acting calm.
4. If you are in an argument stay as calm as possible and when they are done stay silent and stare at them it will piss them off so much.
5. If someone interrupts you while you are talking carry on talking, they are going to feel awkward and shut up.
6. Trying to hold back your thoughts about someone make you miss them even more.
7. Life becomes more meaningful when you realise you never get the same moment twice.
8. If you want to check if someone is looking at you, yawn then look back at them, if they yawn back, they were looking at you.
9. You are more likely to achieve your goals if you keep it to yourself and write about it.
10. You appear more attractive to others when you make them laugh or smile.
11. Studies show that using hand gestures while speaking makes you seem more trust worthy and desirable.
12. Cheaters tend to think everyone cheats just like liars think that everyone lies.
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A selection of Ai services to help cryptan 🍎
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⚫️Stable Diffusion: AI picture generator. You can set different number of parameters, choose number of images (up to 12 variations). A great thing about this service is that when you run out of free credits you just register a new account for a temporary email.
⚫️Summarize.tech: a great service that will make you a summary of a Youtube video. You just paste in a link and you'll know what's being talked about in seconds
⚫️Perplexity AI: a search engine that combines AI and Google. Great for searching and processing information.
⚫️MidJourney: the AI image generator everyone knows about, better in quality than Stable Diffusion above but with a worse interface because it is a discord and also after the free credits you have to buy or create a new ds account.
⚫️Synthesia: text to video generator. You give him the text (which again can be generated) and quite real AI character will read it out. A powerful thing, which will soon replace a lot of your work.
⚫️ChatGPT: an obvious, yet very useful tool that allows you to write and translate articles on any subject. Many people know about it, but this list couldn't be complete without it.
⚫️Slidesai: a service for creating presentations. Just give it the text that ChatGPT generated and it will give you a finished presentation. On the free plan, you can make 3 presentations a month. If you need more, just make a new account.
➕ Let's supplement, especially for you, this list with some huge collections of Ai for almost any purpose:
🟠600 Neuronics: can be a wand at work/study, just pick the industry we want.
🟠750 neurons: good for content makers.
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⚫️Stable Diffusion: AI picture generator. You can set different number of parameters, choose number of images (up to 12 variations). A great thing about this service is that when you run out of free credits you just register a new account for a temporary email.
⚫️Summarize.tech: a great service that will make you a summary of a Youtube video. You just paste in a link and you'll know what's being talked about in seconds
⚫️Perplexity AI: a search engine that combines AI and Google. Great for searching and processing information.
⚫️MidJourney: the AI image generator everyone knows about, better in quality than Stable Diffusion above but with a worse interface because it is a discord and also after the free credits you have to buy or create a new ds account.
⚫️Synthesia: text to video generator. You give him the text (which again can be generated) and quite real AI character will read it out. A powerful thing, which will soon replace a lot of your work.
⚫️ChatGPT: an obvious, yet very useful tool that allows you to write and translate articles on any subject. Many people know about it, but this list couldn't be complete without it.
⚫️Slidesai: a service for creating presentations. Just give it the text that ChatGPT generated and it will give you a finished presentation. On the free plan, you can make 3 presentations a month. If you need more, just make a new account.
➕ Let's supplement, especially for you, this list with some huge collections of Ai for almost any purpose:
🟠600 Neuronics: can be a wand at work/study, just pick the industry we want.
🟠750 neurons: good for content makers.
❔
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RISK MANAGEMENT IN TRADING
[Here’s why you need proper risk management in trading]
Imagine:
There are two traders, John and Sally.
They both start with a $1,000 account
John is an aggressive trader and he risks $250 on each trade.
Sally is a conservative trader and she risks $20 on each trade.
Both adopt a trading strategy that wins 50% of the time with an average of 1:2 risk to reward.
Over the next 8 trades, the outcomes are Lose Lose Lose Lose Win Win Win Win.
Here’s the outcome for John:
-$250 -$250 -$250 -$250 = BLOW UP
Here’s the outcome for Sally:
-$20 -$20 -$20 -$20 +$40 +$40 +$40 +$40 = +$80
Do you see the power of risk management?
So here’s the deal:
As a trader, you’ll encounter losses regularly.
But with proper risk management, you can contain these losses till it feels like an “ant bite”.
[Here’s why you need proper risk management in trading]
Imagine:
There are two traders, John and Sally.
They both start with a $1,000 account
John is an aggressive trader and he risks $250 on each trade.
Sally is a conservative trader and she risks $20 on each trade.
Both adopt a trading strategy that wins 50% of the time with an average of 1:2 risk to reward.
Over the next 8 trades, the outcomes are Lose Lose Lose Lose Win Win Win Win.
Here’s the outcome for John:
-$250 -$250 -$250 -$250 = BLOW UP
Here’s the outcome for Sally:
-$20 -$20 -$20 -$20 +$40 +$40 +$40 +$40 = +$80
Do you see the power of risk management?
So here’s the deal:
As a trader, you’ll encounter losses regularly.
But with proper risk management, you can contain these losses till it feels like an “ant bite”.
How do crypto projects make money? 💰
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Blockchain projects have become a radically new "business model" that has enormous potential to change any industry. And for the investors attracted to the projects, it is the potential that will later be realized in the form of profit that is an important factor when investing funds. The question arises: thanks to what do cryptoprojects generate income?
➡️ Mechanism for receiving and distributing blockchain funds (using Ethereum as an example):
Ethereum, like most other blockchains, consists of a network of validators, smart contracts, and users. When a user interacts with the network, they pay a transaction fee, also known as a "gas fee." A fee, a certain portion of which is "burned off" and another portion is given to the validators.
➡️ Common metrics for most projects when calculating the financial part:
Fees (gas fees): these are fees that users pay for using a protocol or network (gas fees in Ethereum, transaction fees in Uniswap, etc.). The fees are distributed as follows:
- A portion is given to validators who help run the network (validators on Ethereum, liquidity providers on Uniswap, etc.).
- Some of the money goes back to the token holders (often through token burns).
- Another type of expense is the creation of new tokens, which are created and paid to validators or miners.
But if we look at projects like CEX/DEX, the list of revenue sources can add:
- listing fees;
- withdrawal fees;
- market making possibilities.
➡️ What kind of product do blockchains create?
The product of any blockchain is the individual blocks in which transaction data is stored. If you want to complete a transaction, you need to buy space on the next block in the chain.
Let's take bitcoin as an example. Bitcoin has a memory capacity of 1 MB per block. There are 500 to 2,000 transactions per block, with a minimum storage size of 258 bytes. And in order to make a bitcoin transaction, you buy a block in its blockchain.
➡️ Ethereum, on the other hand, has smaller blocks - up to 80 KB. Depending on its complexity, its block can store from 2 to 200 transactions. Ethereum is much faster: in 10 minutes it carries out 4 MB of transactions, while Bitcoin has only 1 MB. More transactions per hour = more revenue (i.e. commissions).
🟠In our new infographic you can see the ranking of projects by the amount of fees.
❔ You may have noticed that we make a lot of theoretical content. And now an important question: would you be interested in content about how you can make money in the field of cryptocurrencies?
👍 - Make theoretical / educational content
🔥 - Add content on earnings on the crypto
⠀
Blockchain projects have become a radically new "business model" that has enormous potential to change any industry. And for the investors attracted to the projects, it is the potential that will later be realized in the form of profit that is an important factor when investing funds. The question arises: thanks to what do cryptoprojects generate income?
➡️ Mechanism for receiving and distributing blockchain funds (using Ethereum as an example):
Ethereum, like most other blockchains, consists of a network of validators, smart contracts, and users. When a user interacts with the network, they pay a transaction fee, also known as a "gas fee." A fee, a certain portion of which is "burned off" and another portion is given to the validators.
➡️ Common metrics for most projects when calculating the financial part:
Fees (gas fees): these are fees that users pay for using a protocol or network (gas fees in Ethereum, transaction fees in Uniswap, etc.). The fees are distributed as follows:
- A portion is given to validators who help run the network (validators on Ethereum, liquidity providers on Uniswap, etc.).
- Some of the money goes back to the token holders (often through token burns).
- Another type of expense is the creation of new tokens, which are created and paid to validators or miners.
But if we look at projects like CEX/DEX, the list of revenue sources can add:
- listing fees;
- withdrawal fees;
- market making possibilities.
➡️ What kind of product do blockchains create?
The product of any blockchain is the individual blocks in which transaction data is stored. If you want to complete a transaction, you need to buy space on the next block in the chain.
Let's take bitcoin as an example. Bitcoin has a memory capacity of 1 MB per block. There are 500 to 2,000 transactions per block, with a minimum storage size of 258 bytes. And in order to make a bitcoin transaction, you buy a block in its blockchain.
➡️ Ethereum, on the other hand, has smaller blocks - up to 80 KB. Depending on its complexity, its block can store from 2 to 200 transactions. Ethereum is much faster: in 10 minutes it carries out 4 MB of transactions, while Bitcoin has only 1 MB. More transactions per hour = more revenue (i.e. commissions).
🟠In our new infographic you can see the ranking of projects by the amount of fees.
❔ You may have noticed that we make a lot of theoretical content. And now an important question: would you be interested in content about how you can make money in the field of cryptocurrencies?
👍 - Make theoretical / educational content
🔥 - Add content on earnings on the crypto
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