Monday, 26 October 2015

How To Develop Money Making Ideas!

How To Develop Money Making Ideas!

It isn't the billions of ideas that pop up in the minds of humans around the globe that make money.  Very few ideas are worth the time it took for the thought.  Most ideas are dead-idea  that go no place and are forgotten before the next day. Of the ideas that are good, very few are followed up and will end up as a worthwhile development in the market place.  Most people are just not oriented to do anything about their ideas, while others believe it would take too much of their time and money to follow through to completion.  This leaves the market place wide open for the person who learns how to "Create" Profitable Ideas!

Three Simple Ways To Generate a profitable Ideas:

1. Find something that already exists, may be in another city, state or country which has no presence in your community.
2. Invent something.  Most inventions are merely new arrangements
   of things that have already been invented.
3. Develop, repackage or improve a new product or services that already exists.
As you "Create" ideas, write them down.  What you dream up can be your key to great wealth.  Keep your mind "open" as you go through it each day.  What did you notice in the department store? That would reduce costs, save money or increase sales if some simple procedure were added or something changed?

Ideas for improvements are one of the most valuable things you can contribute to society and at the same time add huge amount to your bank account.  To create ideas for improvements, consider every possibility and alternative for the thing you want to improve.
Learn to create ideas by evaluating all the different aspects of the product, method or concept you are interested in.  Put your imagination and subconscious to work and write down your thoughts pertaining to each of the things you expect to improve. Use the New Wealth, "Idea Format" that follows as your guide for Creating Money-Making improvements.

My Idea Generating Format:  

First you need to list the things you want to improve then answer the questions:
-  Why should it be improved?
-  Who will benefit from the improvement?
-  What is wrong with it at the present time?
-  Did someone else cause a problem with it?
-  How do you propose to improve it?
-  Do you have the facilities to do the work required?
-  Do you have the know-how to do the work required to improve it?
-  Exactly what part needs to be improved?
-  Should it be smaller or Larger?
-  Should the color be different?
-  Would more activity help make it better?
-  Could it be combined with something else to make it more
   Beautiful and attractive?
-  Is it too complicated, could it be simplified?
-  Would a substitute be more meaningful?
-  Is it priced too high or low?
-  Would a change in personnel help the situation?
-  Can the shape be changed to advantage?
-  Can a new marketing plan make the difference?
-  Can it be mass produced to bring the unit cost down?
-  Should the appearance be changed... streamlined?
-  Is there an adequate guarantee?
-  What can make it appeal to a bigger audience?
-  Would new packaging or trade name enhance it?
-  Can it be made heavier, lighter, higher or lower?
-  Can it be franchised?
-  Is there a good maintenance program to back it up?
-  Can financing be simplified?
-  List ways to increase production:
-  List ways to increase sales:
-  List ways to reduce costs:
-  List ways to increase efficiency:
-  List ways to improve quality and increase profits!
-  What can be done with it to satisfy more people?
-   Do I have passion for it?

This New Wealth "Idea Format" will start the ideas "sparking" and as related ideas come to mind write them down in every variation you can think of.  Do not judge the good or bad points of the ideas as they materialize to you, just write them down and judge them afterwards.  You will stop the flow of ideas if you are critical of your thoughts before you put them on paper. When you have answered everything you can about the product or concept and know how it fits in with your plans, sit down and evaluate all the details you have written.
After you have found (created) a good idea, follow it up with questions on what should be your next move in order to do something about it, then take action!  Get it moving.  Expose it to the world with sufficient tests to determine the value!

Come up with ideas that are still in the processing stage rather than get stuck on several vague points that may be worked out later as your subconscious goes to work.  If your idea fails, don’t be discouraged because it simply means that you have learnt a lesson why it won’t work that way and you really need to try another method and this will bring you closer to finalizing another one, then another... until a useful more valuable idea is born.  Every manufacturing plant, retailer, attorney, accountant;  every business person, large or small, cannot continue to operate in the competitive world of today without someone in the organization constantly coming up with new and better ideas!
Old ideas drop by the wayside as new ideas take their place.  Old companies without new ideas fade away. Those who learn and know how to create ideas and anticipate the changes needed, as the future evolves, have the opportunity to be a great success with big money-making potential! Another "tool" you can use to help dream up that million idea, is to spend several minutes each evening, relaxed with your eyes closed. Pick any object that comes to mind and try to change it in your "mind's eye".  Change it in every manner you can think of to improve it.

The following evening pick another subject or object and repeat the process.  Soon you will be using 20% of your brain power instead of the 10% normally used by the average person.  As your knowledge and "brain power" increase so will your bank account.  Just think what we could accomplish if we could get the other 80% of our brain power working?  On second thought, let's not try to get 100% efficiency out of your human computer we would probably blow up the world for sure.

How To Protect Your Idea
When you have come up with a good idea, write a full description of it and make a sketch if necessary. Keep your ideas save and continue to brain storm and search for profitable information, read books, attend trainings, workshop and seminars, search for valuable information’s on the internet and stand on the shoulder of a mentor. Don’t rush in sharing your idea, make sure you are ready to launch it and if you want to share your idea do it with people that have likes minds not dream killers.
In summary, learn to develop ideas from observing everyday things and details.  Think of what could make something better. Dwell on things that have a large marketing audience, something that everyone needs and wants which could be a product or services.  Write your ideas down, you can make use of your mobile phone type, save and get it transferred to your small pad when you get home.  Put a pencil and pad at your bed side.  When you remember a good dream... don't just lay there because by morning you will forget it, just Jot it down on the pad.  You will be surprised what you can dream up!  Maybe the million dollar idea will magically appear on your pad and it could be one of the nonsense ideas! Try these method and see it will work for you because it did work for me.

Think Positive

Hope Uchemadu

No comments:

Post a Comment