💊 Ep:2 Vitamin vs Painkiller Idea’s - Which ideas to pick / Know which is what

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Podcast script&notes:

These seem like the classification of food items!! Nope nope this classification can be used for business/startup ideas as well

Swagat hai aapka!- means  Let's begin this wonderful episode on Vitamin ideas vs Painkiller ideas. Before anything, I hope you have listened to the previous. The episode on turning idea -> business walkthrough

I hope most of you might be listening to it for the first time

So, take a quick guess which do you think are better than others

Use your creative side of the brain !!!

Okay let's get to know more about what the classification means

Vitamins are "nice to have," but not "need to have." Oftentimes these are features or functionalities, and not major platforms. And just like in a drug store, preventive vitamins are optional. They are usually priced at a major discount, compared to the expensive painkilling prescriptions behind the counter.

I hope you get the point

Summarization: Painkillers are the need of the hour. Whereas Vitamins is an optional need or nice to have.

The factors that decide whether the idea is a painkiller or vitamin is the time when you are going to the market with your product or service built on top of your idea.

Say for example a Cab booking app- a cab comes to your home would have seemed to be impossible/magical 10 years back but now it's a necessity

So in this span of 10 years, the need for online booking of cab ideas has turned to be a painkiller from vitamin which it used to be 10 years back.

It's all about the time factor

The right product idea at the right time makes all the difference

So you must be very careful with your research to figure out if the market is ready to adopt your idea.

To put it in another way - whether it's the right time to launch the idea & is there a real necessity/urge for people to pay for your product/service

Hope you had great learning about different types of ideas and the thinking behind them.

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