5 Effective Tips For Generating Million Dollar Business Ideas

Business Ideas

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

 

Comment below and reach out to chat more with our Startup business advisor from ideation, validation, customer journey, marketing, product development help, funding,  and exit, etc.

Share this post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Refer business and earn