How I come up with side-project ideas? sharing my 4 ideas

Summary

In this video, the speaker discusses his thought process for developing site project ideas, focusing on three key criteria: market demand, competition, and distribution. He presents four project concepts: a GMAT question repository that aggregates past exam questions, an AI fitness assistant on WhatsApp for tracking nutrition, an AI-driven language practice tool for improving English skills, and a productivity-focused social media app that promotes personal growth. The speaker encourages viewers to share their own ideas for feedback and plans to keep them updated on his projects, fostering a collaborative environment among aspiring creators.

Takeaways

• 😀 Identify a viable market for your project by assessing if enough people face the problem you're addressing.
• 😀 It's acceptable to target a smaller audience, as even a few hundred interested users can make a project worthwhile.
• 😀 Competition can indicate a healthy market; use it to your advantage by differentiating your offering.
• 😀 Finding users for your product is often more challenging than building the product itself.
• 😀 Consider various distribution channels early on, such as social media or direct outreach, to attract initial customers.
• 😀 It's essential to solve a personal problem first, which can help validate your idea before expanding to a broader audience.
• 😀 AI technology can enhance existing products, such as creating an AI assistant for fitness tracking via WhatsApp.
• 😀 Engaging with technology, like AI, can open new avenues for traditional services, such as language learning.
• 😀 Reflect on your use of social media and aim to create platforms that promote productivity and personal growth.
• 😀 Encourage community support by sharing project ideas in forums or comment sections for feedback and collaboration.

Q & A

What are the three key factors to consider when developing a site project idea?

The three key factors are market viability, competition, and distribution.

Why is market viability important for site projects?

Market viability is crucial because it ensures that enough people face the problem the project aims to solve, making it more likely that there will be demand for the solution.

How does competition impact the development of a site project?

Competition can be beneficial as it indicates a market exists. If competitors are successful, it suggests there are customers willing to pay for similar solutions, providing an opportunity to enter the market.

What is meant by distribution in the context of site projects?

Distribution refers to the methods and strategies used to reach potential users of the product. It involves planning how to acquire the first customers and scale the user base.

What is the first project idea discussed in the video?

The first project idea is an aggregator for past GMAT exam questions, aimed at providing a centralized platform where users can easily access these resources.

How does the creator plan to develop the GMAT question aggregator?

The creator plans to use web scraping and API integrations to gather the questions and create an accessible user interface.

What features does the AI fitness assistant on WhatsApp offer?

The AI fitness assistant allows users to track their meals by sending photos, receive nutritional advice, and get personalized workout recommendations.

What problem does the AI English conversation partner aim to address?

The AI English conversation partner aims to help users practice their speaking skills in a judgment-free environment, improving their language proficiency.

What concern does the creator express about social media usage?

The creator feels guilty about spending time on social media without gaining personal value or improvement and seeks to develop a solution that promotes productivity and learning.

How does the creator suggest viewers can support each other's project ideas?

The creator encourages viewers to share their project ideas in the comments section, allowing others to provide feedback and potentially become early customers.