5 Effective Tips For Generating Million Dollar Business Ideas
Find Problems
Focus on one of the many problems people have that you could help them solve
Improve
Identify products/services that you can improve and how you can improve them. What can you make bigger, smaller, lighter, more durable, easier to use, more convenient, quieter/louder, more colorful, better service, etc.?
Keep your eyes and ears open
Keep an eye on trends, changes, and timing, and then capitalize on them. Think oxygen concentrators, masks, mask accessories. Utilize websites like https://www.trendhunter.com/
Piggyback
Is there a product you love? Do you feel it’s under-marketed or is not available in your country? There you go! Piggyback: become an agent, distributor, Joint Venture partner, or licensee/franchisee.
Model
Find concepts and ideas doing well and then model them with improvements/additions
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