Monday, December 26, 2011

7 Ways to Develop a Profitable Idea Online



A brilliant idea is all you need to do business online. How do you start looking for a business idea? It starts with you.  Here are the logical ways to generate your own money making business idea: 

1.       Identify your strengths: What are your talents and skills? Can you covert your expertise into a business idea. It must be something you enjoy doing and passionate about. Your personal interest is important to sustain in what you do day in and day out. As an example, I enjoy writing and it is my idea to be a writer online. The possibility to write and blog is endless.

2.       Can you do it better than others: What are the things you can do better than others? When you have a competitive edge in doing something, think of a way to translate it into a money making idea.

3.       Be different: It is likely that your business idea is similar to many others. Can you do it with a new twist? Can you add something to it? Can you make it bigger or smaller? To be different is to stand out among the competitions.  

4.       Current events for business ideas: Go surfing and look for an idea from successful websites. What can you learn from their achievements? What spin-off can you get out of their effective ways of doing things? 

5.       Provide value: To help others get what they want is the best way to get what you want.  As an example, when you write articles for your blog by providing solutions to everyday problems, you are writing for your readers and you offer valuable information. It is not done once in a while but daily. Over time, you will attract more and more readers to your site. When it is getting popular, you will get business opportunities from advertisers. You can also make money with Adsense Ads, selling your own products or be an affiliate. You can even start a membership site or build an email list to do more business.

6.       Change: Be alert and take note of changing market conditions. Get to know the latest trend, learn from it and improve upon it. To progress and to get ahead, it is necessary to make changes. Change before you are forced to change.

7.       Positive attitude: You will not be successful overnight. You need to be consistent, persistent in doing the right things every day. Be creative and resourceful in dealing with hurdles and problems along the way.  You also need to be focused and optimistic. It has taken me four years to get noticed by advertisers.     

Have you got a bright idea yet to do business online?

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