How to Come up With Million Dollar Business or Product Ideas

how to million dollar ideas

Ever wonder why some people appear to have the ‘Midas Touch’ when it comes to business?  How is it that these people are able to build wealth from scratch, not just once, but over and over again?

Being able to spot opportunities and come up with ideas based on those opportunities is a very special skill, and it’s the skill that separates the truly successful self-made entrepreneurs from the not-so-successful.  It’s not a talent that some people are just lucky enough to possess, it’s a learned ability. Often this ability is learned subconsciously over time – but it can be developed consciously, in a short period of time and with a little practice!

Opportunities are all around us, but you need a starting point. Start off by getting some direction, some focus. Try going through this list and making notes:

What are your hobbies?
What are your interests?
What are you involved with in your day-to-day life?
What do you enjoy doing?
What would you happily write about?
What part of your job do you like?
Which kind of stores do you like visiting?
What kind of places do you like visiting?
Who are the people you associate with the most?
Do you have any pets?

Come up with one or two topics that really interest you and then try to find out what problems and issues people have in relation to those topics.

“The key to generating a lot of ideas is to form the habit of consciously noticing
problems and identifying needs. Eventually this will become like second nature”

One important thing to note is that a great idea does not need to be complicated. In fact, often the simple ideas are the best ones.  Tweaking an already popular product to solve a problem or an issue that people are having, or building on an already popular service, again to solve a common problem or issue.

What about funding?  You have this great idea, but you don’t have the funds to do anything with it.  Well, here’s the thing… You could go down the route of trying to raise funds and there are platforms like Kickstarter to help you do that, BUT, there are so many high-potential ideas that are actionable immediately, on even the smallest of budgets.  If you can develop the ability to generate these low startup (or even zero startup) ideas, you will be able to put ideas into action without the headache of trying to get funding.

If you want to really develop your skills in this subject, click the link below to access the full training

Learn to Quickly Generate Actionable, Profitable Business Ideas With Ease. Open the Door to Successful Entrepreneurship

Theo McArthur

Theo has been creating websites since 1996. She's built blogs for both business and personal use and has worked extensively in the field of affiliate marketing and e-Commerce. More than 85,000 students worldwide have enrolled in her courses.

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