Business Ideas and How to Manufacture Them

You can not underestimate the importance of a solid business idea when you are starting out in the world of enterprise. The core business concept is the building blocks upon which all else stands, and as such must be solid and carefully constructed. Sometimes incredible ideas just arrive, seemingly by accident; what many people don’t realize is that effective ideas can actually be manufactured by anybody who knows how.

One way to find an excellent business idea is simply to adapt one that is already out there. There are countless products out there that are selling relatively well and yet can still be improved upon in a number ways. Taking this approach to the idea creation process has an inherent advantage in the fact that you already know there is a demand for this sort of product… it takes a large proportion of the guess work out of starting your business.

By overcoming the weaknesses of an existing product (for example, by making it faster or smaller) you are not only coming up with a viable idea for your enterprise, but you are also guaranteeing it a competitive advantage. This is how people create business ideas that are not only coherent but also incredibly profitable.

A different, but equally effective approach to developing your ideas, is to start by researching problems faced by the everyday consumer. If you take a problem-oriented approach to crafting your business idea, you not only increase your scope of creativity but you also improve the chances that your idea will actually be saleable. This is because when customer buy a product or service from you, what they are really buying is the perceived benefit of having that product or service. For example, when someone buys a haircut they are buying the feeling of being attractive; when someone buys an office computer, they are buying increased productivity.

If you begin the process by brainstorming problems, an interesting thing occurs – by solving any of these problems you will be providing a massive benefit. The problem with land telephones is that have to remain stationary… when this problem was solved with the invention of the cellular phone, a benefit was created simultaneously. Everyone knew that the cell phone would sell because the benefit of NOT having to remain stationary was so apparent. If you start with by finding a problem you think you can solve, your business idea could emulate the success of the cellular phone.

Another approach to generating business ideas is to start by listing your areas of interest. You hobbies are a great source of inspiration – if you take the problem-first approach discussed earlier, then you can identify situations that would make your area of interest more fun or easier. For example, if you are a keen swimmer, you may find chlorine in your eyes to be annoying… an excellent idea to pursue would be the development of contact lens that protect the eyes from chlorine.

If you develop ideas that are closely linked to your personal interests, you are automatically meeting two of the requirements of a successful business concept. For starters, it is something that you are probably quite knowledgeable about. This means that you can make intuitive decisions with far less chance of being mistaken. Secondly, it will probably be something that you are passionate about. The passion of the entrepreneur is the number one factor that separates successful enterprises from failures.

The inspiration behind your business is the foundations upon which it is built and the fuel that will propel it to the forefront of your industry. Put on your creativity hat and generate some wealth-building business ideas today!

Business Ideas For Online Surfers – Use Your Free Time to Earn Income Online!

Sometimes when sitting online and not knowing what to do, people do not realize that they could be using that time to make money. How often have you found yourself just browsing the internet with no real purpose in mind? Yes, we all do that at least for a few hours each day! However, now I will show you how you can turn this wasted time into cold hard cash, and the best part about it is that you only do what you like doing.

How Can You Make Money Online With No Experience?

Obviously the fact that you are reading this means you know how to type, and you have some basic research skills. That is all you really need to begin your journey. You can go to any search engine to begin your search, and start searching for home business ideas. Once you look at the results page you will find sources like blogs, forums, and even business websites.

When you start going from site to site, you will find that the requirements will change. Some allow you access to their resources for free, some provide a small introduction kit for free, and ask you to sign up. The ones you really have to keep an eye out for are the ones that want payments before they even allow you a small ounce of access.

On your searches you will be able to read up on various money making strategies, business ideas, business plans, and even the ways people have to get money quickly online. These ideas can come from professionals, or from people just like yourself that could be in it for a variety of reasons.

What Kind of People Look For Online Income and Why?

All kinds of people look to the internet for a source of income. Second sources of income for stay at home parents, or even for people who have been caught in the economic downturn and recently lost a job. The internet is one of the biggest gatherings of people and information you will ever have access to. People looking through and sifting through the web for business ideas will find that sometimes the best ones come from research. You may look over someone else’s ideas and come up with something completely unique or even a twist on a popular model. The beauty of online business is that you can mould it to fit not only your needs, but to fit your vision.

The beauty of online business is you will be able to access it worldwide using just a computer and an internet connection. The business even though it is located online, will not be hampered by location and can cater to a worldwide audience, already increasing your chances of success.

How Are You Filling Your Idea Pipeline?

I’ve just been reading a terrific new book called High-Profit Prospecting by my friend and colleague Mark Hunter. Mark is a consummate sales professional, and his book is about how to keep your sales pipeline full so that you never run out of valuable prospects.

I’m not a sales professional, but I am an idea professional. And, just like I think it’s vital for people in the sales business to keep their sales pipelines full, I think it’s equally vital for people in the idea business to keep their idea pipelines full.

By the way, as a leader, you are in the idea business.

In his book, Mark talks about the importance of not leaving prospecting to chance, not just waiting (and hoping) for prospects to fall into the pipeline. He says that a true sales professional should have weekly (preferably daily) dedicated prospecting time scheduled on the calendar. Because keeping the pipeline full is that important.

Likewise, leaders should schedule time weekly (preferably daily) to fill their idea pipeline. Because it’s that important.

So, how do you do this? Through four primary sources.

1. What you read.

There’s a reason why Bill Gates, Warren Buffett, and Elon Musk read voraciously. They understand the value of keeping their mental pipeline full of new ideas.

“But I’m too busy to read, Bill.”

Really? Busier than Bill Gates? Because he’s pretty busy. And pretty rich. And he reads 50 books a year. I don’t think these are unrelated. So, I’m sorry-what’s your excuse again?

Schedule time to read. Every day, if possible. (And it is possible.) I’m not talking about Grisham and Patterson. They’re fine for the beach. Read about ideas. Read about things you don’t already know.

2. What you listen to.

To those of you who have horrendous commutes, congratulations! You’ve got a great opportunity to fill your idea pipeline! Instead of listening to the news (depressing), or the generic pop music station (mindless), why not try out one of the literally hundreds of great podcasts available? My guess is that there are at least a few podcasts out there for your particular field. Or, try one of my favorites, the TED Radio Hour podcast.

3. What you watch.

Although this probably won’t help you with your commute, there’s plenty to watch online-and some of it doesn’t involve kittens. For example, in addition to listening to the TED Radio Hour podcast, you can watch actual TED Talks Or, if you want something more in-depth and academic, Stanford University (among others) puts many of their courses online, absolutely free.

4. Who you meet.

I’ve saved the best for last. There are actual people out there, freely roaming the earth, who have knowledge, experiences, and ideas that you don’t have. They can be found in your town, in your workplace, sitting next to you on the plane or train. But here’s the caveat: if you only hang out with the same people you always hang out with, you’ll never meet these others. And that’s to your detriment, as a leader, and as a human being.

So fill your pipeline! Feed your brain continuously with new ideas. It’s the highest profit prospecting you can do.