(ThyBlackMan.com) Many people see entrepreneurship or starting a business as the only way to turn their idea into something that can be sold. The truth is, there are many more ways to make and sell something – and many of them don’t require you to start a business. You may not even need initial startup money!
What can you do to make and sell something?
Here are some ideas:
Find a need – Individuals, companies, even governments may see a need that nobody else sees. By learning how to find a need, you can make money.
Find flaws – There is always room for improvement in anything. By identifying the flaws or limitations of an existing product or service and figuring out how to fix them, you can make money.
Look at trends – You will be able to see what trends are happening in your industry by looking at trends online and going out to read books, magazines, and reports in which your industry is covered or watching news broadcasts about it. You can find an opportunity in almost any trend by looking at the gaps that exist. Look to fill the need for a better solution, a cheaper price, or something that is missing.
Look for gaps – It is unlikely that you have come up with some idea that has never been thought of before. Most ideas have been thought of before, or at least similar ideas have been thought of. If nothing else, there are always new ways to refine an existing idea. That considered, it is worth your while to look for gaps in the market. You can find a gap if you look hard enough, and then fill it with your product or service.
Use other’s products or services – The great thing about most of us is that we almost always have products or services that we can use. You can use the ideas, designs, or processes of others to create your own product or service. Some people call this “making a copy” of another product. It is quite legal to do this if you have the right permissions and licenses, but it is always good business practice to be a legal copycat.
Tie-in products – This method is similar to using another person’s product as the basis for your own idea, but you are not copying anything; rather, you are using another person’s product to promote your idea. For example, you could create a fan page for a particular product and then give out your product as an extra or encourage people to visit your website. You can also write a review of a product or service, talk about it on social media, or even do something as simple as giving out the product with your business card. The idea here is to make yourself the center of attention by tying something you like into something that others like.
Do surveys – Go out and do surveys with people in your area. Ask them if they would buy something like what you have already made up in your mind, or if they would be interested in it. You could even do the same thing with a student population or with people who are not your customers. Most people seem to be more likely to buy something if they like it, so taking a survey to see if people like what you have already made is a good idea.
All of these ideas are ways that you can create ideas for products and services that will sell well and produce massive profits. This is an area where all entrepreneurs should profit, as you will most definitely come up with money-making ideas in this part of the business in which to invest your time and money.
Key Takeaways
When you create a product or service, you have options available to you as well. No matter what you are selling, it is a good idea to figure out a way that you can get more out of it.
One way you can do this is to create an extra product or service, such as a membership site. You can also add value to the product or service you are offering by giving bonuses and other things that will make the customer more likely to buy. You can also use something else in order to promote your idea, such as giving out free samples or creating videos about the product to help sell it.
Finally, another way you can do this is by finding out what people think about your idea before you actually make it and then making changes. Your goal should be to create something that people want.
There are lots of different ways you can promote your business idea. It is important for you to make sure that you do whatever it takes to get your product or service out there. You need to use the resources around you and even use things that other people have created in order to make this work for you.
Staff Writer;Â Corey Shaw
Have any Tech Tips? News? Hit up our Tech Guru at; CoreyS@ThyBlackMan.com