So you want to make money from your own business? If you are in business, you are mainly selling a product for a profit. A product could be a physical product, a digital product such as software, an intellectual product such as information, a service, or any number of other things where you exchange something you have for cash. How do you come up with a product idea?
For somebody in tuned, opportunities pass by every day. Mainly you are looking for a problem to be solved, that can be solved by your product. Here are some ideas on where to start.
Something You Know
You can start with your own special knowledge or skills. What do you do now for a job? Are there opportunities for improvement that a product or service could help? Could you use your skill to service your own customers? Think about any opportunities you come up with and make sure that your product idea can be sold for a profit.
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Opportunities abound. I mean, they pass you by every day. Really. Once you tune into them, your problem will be which one to choose… and I am going to give you some help there.
To reach the most people, you need a unique solution to a problem. There are so many problems to solve too. For instance, how do I get from point A to point B at 800 miles per hour without leaving the ground? How do I get into space with much less waste? How can we use much less oil-based energy?
Problems like these are gifts. Like a cookie. If you can create a practical solution, you can become wealthy beyond belief.
Many of you have smaller dreams… like to own a service station on the interstate, or become a distributor for a product line. Regardless of what you do, you can create a unique product and a unique brand that will do better than a “me too” business. Study what’s out there… many people get it and you will see them with their unique takes on given businesses.