When people search for a “killer startup idea”, they often focus on completely new, novel concepts. But I think a better approach is to identify an existing behavior among a fringe group and make their process much easier. As we know, the future is already here, itβs just not evenly distributed yet.
For example:
π Before Shopify, online shopping malls did exist, but sellers had to manually piece together many different parts
π Before Stripe, developers could build credit card payment systems for their websites, but Stripe simplified this with a single line of code
π Before Coinbase, users could buy and sell cryptocurrencies through hacky ways, but Coinbase made it as easy as trading stocks on Robinhood (which itself succeeded by simplifying stock trading)
So, see what early adopters are doing today jumping through hoops, and reduce their 7-step process to a single step. By abstracting away the complexity, you might be able to build a great product. This could be one way of coming up with a killer startup idea.