Pretty good ideas on how to get ideas - nothing wrong with that. There's just one problem, million dollar ideas are worth approximately 0.02 dollars - it's the execution that counts Nevertheless, a nice list.
Mesum...that's a very good question...to clear the confusion this article speaks of only ways to generate ideas...as far as the implementation of the ideas are concerned to actually start earning in millions is a complete personal challenge...as far as i'm concerned...i have already tried all the above mentioned ways and i'm fully loaded with ideas...just that i'm in the process of implementing the ideas...these 12 points are a reflection of my personal experiences, exploration and experimentations...and there are chances of certain points overlaping with some great business books..because these points are quite common, but rarely utilized...i have just pointed it out
To make a millions dollar, you need to find a great product. You need to find something to sell at 20$ to 100 000 persons, or 200$ to 10 000 persons with a minimum 50% net profit... I think the best method is to : - Make a market study (Ask what people want ? it the market big enough ?), you can also try to find something you really need. - Make a prototype. - Test it. - if the customers like it, you will be rich And I think you should focus on problem or products that really don't need a lot of money to put on market (a service for example, ....
So where you expecting him to hand you winning sites on a silver platter? Its how to generate a million $ idea not, here are some million $ business ideas
To take action...you need an initial idea...you just can't head straight for something great..without any planning...all these 7 wonders weren't just build without a basic idea!!!
You don't always need a product to make money...you have ways to make money even without a product...not only make money but turn into a millionaire...you just need to be ready to put in your efforts...now putting efforts won't cost you anything... search the internet and you'll find many such success stories.
I have a winning site, thanks for asking, not quite a million dollars yet, but I'm moving in the right direction. But not by daydreaming and and writing down my thoughts - by researching my niche, getting a business plan together and working at it. I've never expected anyone to hand me success on a platter because I think good thoughts, watch the business news and write a journal.
Great post. Like Game Producer's point: "There's just one problem, million dollar ideas are worth approximately 0.02 dollars - it's the execution that counts". Truth is everybody (or just about) has at least one idea that could make them rich if they did it. Problem is that (well for me at least) we have so many and spend so much time considering which is the best option that we don't move forward. I'd like to add to list of 12 2 musts: 1. Read Think and Grow Rich 2. Read Rich Dad, Poor Dad I have spent many years going to seminars, etc but eventually I think a person has to pick the 1 thing they like the most and run with it. Then do 1 thing a day that will move you forward on that goal. Then do 1 thing a day that will move you closer to getting to that goal. All pretty standard stuff but truth is ACTION is the key differentiator. Drucker said "it is more important to do the right things than to do things right". As for needing $ to make $ - well yes and no. Truth is you can borrow absolutely everything: money, reputation, etc. You just have to convince people what they should do so! Anyway I digress but good thread... Cheers, David
Great Post Buddy! I really believe what you just mentioned. Its really nice to have people like you on the forums! Rep+ from me.