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How to Find Small Business Ideas That Match Your Assets and Skills (Part One)

How to Find Small Business Ideas That Match Your Assets and Skills (Part One)

Finding the right small business opportunities ideas that suit you most and with big potential markets before investing your hard earned money is crucial. This step is one of the most important steps you need to perform. Although this step can be a difficult one, it also can be a rewarding one. For that reason you need to be careful. It is the foundation of your business and you need to get it right the first time to save time money and effort.

Business ideas are everywhere you go. But, how do you discover the small business opportunities ideas that suits your skills set, your personal objectives, can be profitable and will be HOT for years to come?

Finding a niche idea needs some search and it’s not hard as you think. The following methods will show you tons of different niche marketing ideas that you can choose from to start your niche business.

Rule of thumb

People like to learn almost about anything. They like to learn about your expertise, other cultures, other people, all sports, products, services, history, health, fitness, etc…. People like to learn about things that are meaningful to them, and they like to explore new horizon. Give them what whey want and you will be in your way to success!

1 – Create a Business About What You Already Know and Then Become the Expert!

“If you work on something you love, you don’t have to work a single day in your life.”

Take an honest look at what you are good at. What hobbies or interests do you have or have you had in the past? What did you learn in your day job? Are you a good cooker? Do you raise kids? Etc…

Try different things and discover what you really enjoy doing and what makes you happy. Ask friends and family for their opinion and they will tell you on what you are good at.

If you don’t have any expertise or hobby to turn into a business (what is very rare) you can turn your problems or challenges into profitable business also.

Most of inventions in the word came out of problems and challenges the inventors were having in their lives.

“There is a great marketer that I know who turns his high blood pressure sickness into profitable business. You see the picture!”

The best way to make good money online is to create value in others’ lives. Give a solution for any problem to make others’ lives easier and they will give you their money.

You see! You can turn anything into a business just don’t under estimate any subject.

Make a list of all what you enjoy doing or what problem you came a cross. Don’ think about how you are going to make money doing those things yet.

If you are really passionate about starting a business of your own and still having hard time trying to figure out which small business opportunities ideas are right for you because you don’t find a subject that you can easily talk about. You still can find a way to start your business.

Here are some places where you can pick up ideas to help you find your way.

2 – Getting Small Business Opportunities Ideas From Magazines.

Magazines are a good source of small business opportunities ideas. Publishers don’t publish magazines that don’t make money. To earn profits, magazines must have subscribers and advertisers. Make sure the niche magazine you prefer has been around for a year or so. That way you know there is an existing market to your niche.

You may look for the repeat ads in magazines. People don’t advertise products if they do not make money doing it.

3 – Visit directories and Online Portals and You Will Find Plenty of Small Business Opportunities Ideas.

Directories are good places where you can get ideas. Search beyond major industrial sectors and look at sub-categories within each and see which one much your ability, your skills or you like most.

Visit dmoz.org, Yahoo.com or any other directory of your choice. Drill down some categories and sub-categories to find potential niche markets. These sites have huge categories lists, which you can use for ideas.

Online portals are also good places where you can pick small business opportunities ideas. Go to eBay.com and drill down through the categories. Each category is broken down to sub-categories. Click on the category of your choice and see how many sub-niches are available for you to choose from.

Amazon.com is a huge online retailer that sells a huge range of products such as ebooks, music, video, DVD, electronic goods, etc. It’s divided into a large number of niches. There you will find huge choice of small business ideas. Make a few notes of potential areas you might consider.

4 – Visit forums.

Forums are also good places where you can pick excellent business ideas. Look for the most asked question. Find out what forums’ users common problem. Ask questions to find out what they are thinking, what they are craving, and what irritates them. This way you can pick a good idea and go with it.

5 – Use Lycos Search engine.

The top 50 list of Lycos is a great way to find what people are searching for. They also keep archives.

If you’re just starting out don’t try to compete with the top 50 that are listed, but with a little imagination, you can come up with sub topics based on what Lycos tells you. If you keep looking long enough, you might even find some patterns and be able to figure out some of the future top searches.

6 – Ask For Help.

– Ask questions, life is about asking questions, not about knowing answers. Don’t be afraid to ask questions if you don’t understand something.

– Ask for help when you are having difficulties. Most people like to help others and will willingly offer information and assistance particularly when the individual is grateful for their help.

– Search for free info products using your favorite search engine and you will find plenty of quality free ebooks, reports, magazines, newsletters, etc… that can help you find great business ideas.

You still don’t find any subject that you know to talk about to turn into profitable business! Ok, if you are passionate about starting your home business you still find a way…

Learn About What You Like to Do.

When visiting these places find out what are some things you don’t know but have burning desire to learn more about. Collect as many information as possible about your topic of interest and start learning. The net is offering wealth of FREE and low cost information designed to educate people about any subject they want.

As you can see, there is a wealth of tools and places where you can go to get ideas for your niche. Just take action in whatever way makes sense for your situation and your life. If you take action you will never fail!

Spend, as much time as you can, think carefully about your topic to make sure it is the right selection. You’re planning a business. So, don’t rush it.

Create a list of at least 20 potential niches ideas. Write down as many information as you need about all small business opportunities ideas you consider.

How To Bring Originality To Your Business Ideas

How To Bring Originality To Your Business Ideas

If you are immersed in the world of internet marketing, you have probably heard many times the advice: don’t re-invent the wheel, follow someone successful. But simply copying a business idea is sloppy and might not get you the results you are dreaming about, just because it has been done already in that way. So how can you add a zesty twist to your business idea?

Many people use the excellent technique of brainstorming. You simply write down, without editing, all the business ideas you can think of. Remember, you shouldn’t judge any idea at this point.

The best place to start, of course, is to think of business ideas relating to your interests and passions, things you know quite a lot about or are passionate about learning more about. Anything can work: pet care, model airplanes, car accessories, home decorating, knitting…

But identifying your passions and interests is only the very first step toward a great business idea. Let’s face it, many people have cats, for example and learn about the best food for their cat or all about the best product for eliminating tics. So how can you come up with original business ideas on such a popular topic?

For your first business idea, try to stick with things you have experienced. Do you have a special tip to share with people? Something you learned while trying something new? Is there a life experience you can describe in detail and through it help others who are going through the same experience as well?

The point is that you will always have an original twist to your basic business idea, because no one has gone through any experience in the exact way you did, with the same emotions and lessons, conclusions and thoughts…

You will always have something different and unique to say about something common, some small change to offer to an already existing system, a personal perspective on things that gives you something to offer. There lies your personal bank of business ideas.

A first original business idea can help you establish yourself as a brand name in the field of your interest. But what about other topics? What about your next business ideas?

Continue to brainstorm, using associations and questions. Associations can help you identify smaller markets, different ideas for complementing products, such as a series of books or a suite of programs, create related websites and much more beyond that. The sky is the limit, plain and simple!

The questions you can ask yourself about a business idea are, for example: does such a product already exist? Can I improve on the same idea? Is there a concern of people who share my interests that has not been taken care of yet? Can I come up with a simple solution to a simple problem?

Remember, someone may have come up with a business idea you are interested in already, but you can always look for a personal twist of your own to add and make it uniquely yours.

Brainstorming is the key to that mind vault of business ideas each one of us has. You can brainstorm everywhere, by your desk or in a restaurant. All you need is a piece of paper or an open file. Most people would prefer peace and quiet for this exercise.

You can write single words or complete sentences, draw pictures that relate to your business ideas or any other technique that will keep the idea clear later when you review it. Let your brain run, don’t hold back.

When you are done, you will be surprised at how many new and unique business ideas you can collect from this list. Simply add your personal twist and you are on your way to fulfilling your dreams.

How To Come Up With Good Business Ideas

How To Come Up With Good Business Ideas

Almost all business all over the world started with good business ideas either coming from the entrepreneur himself, his creative team or even some of his friends or family members. Good business ideas are just around the corner but it takes a business-minded person to recognize them as good business ideas.

Good business ideas have given birth to most successful businesses. However the people behind the business surely did not stop with just having the business ideas but they proceeded from there. There is a lot of hard work that stems from good business ideas including planning, development of the business as well as marketing campaign.

Some people come up with good business ideas with nary an inspiration. It seems like they stumbled on their business ideas as a matter of luck with no hard work at all. However, most people have read every book and magazine available, visited lots of business interests and brainstormed with as many people as possible just to come up with good business ideas.

A person who is very creative and who has a lot of stored knowledge can produce the most if not the best business ideas. Some people regularly attend trade shows and business gatherings and seminars not only to come up with good business ideas but to develop the ideas they already have.

Attending trade events and exhibits can be very good for a person who is looking for business ideas. The already existing businesses that are on display can give him an idea of what kind of business to go into given his already existing resources as well as his financial capability. He can also come up with innovations or improvement of already-existing businesses.

Most entrepreneurs who have discovered good business ideas usually think out of the box. This means they do not limit themselves to what is already there and what is already being seen by the naked eye. They think creative and sometimes they even think silly.

Some entrepreneurs consider the special events which people make as an excuse to spend like Christmas, Valentines, birthdays, Easter, Halloween and the likes. Some people proceed from there are find their business niche in relation to these occasions.

Valentines Day is always spending day for majority of the people all over the world no matter what they say that it is not about money. It is all about money no matter what they say. Most people spend little or spend too much. The point is they really spend for this event and a person who can come up with good business ideas for such an event can cash in on the money.

A person who knows how to bake or cook can come up with a home business during special occasions. He can accept order for heart-shaped cakes and design the product with a personalized touch to be more competitive. Another good business idea for this occasion is flower delivery or flower arrangement. Both business ideas can be done at home without need of investing much capital for rentals.

There are a lot of good business ideas that have never been tapped. Some have already been tried and tested but they may have failed for lack of some ingredients which a creative mind can improve upon.

Dig Deep for Small Business Ideas

Dig Deep for Small Business Ideas

If you’re serious about wanting to start a business, the first thing you want to do is take the time to understand what really makes you tick. Where do you get your drive? What gets you in a “zone?”

However, there’s a lot more to figuring out the BEST business idea that will make you more money and give you more freedom to enjoy more success in your life.

And success to you may be different than success to someone else. It may not be all about money at all. It may not be about finding something you are completely passionate about. It may not be about having a “cool” business — the latest fad or a unique niche.

Success is how you define it.

Finding the right idea to bring you that success takes a willingness to be patient, good timing, and a lot of research.

And there’s nothing wrong with taking your time, being careful trying to figure out which small business ideas are best.

If you rush this process, you’re bound to come up with a business that doesn’t excite you at all.

You’ll be bored.

You won’t reach goals and it will become more like a job … maybe even harder!

You’ll feel like you would working for someone else. (You don’t want that again, do you?)

First, Figure Out What You Really Want

Starting off, you really have to force yourself to relax. I know what it’s like being very, very unhappy at a job. And I can tell you from first-hand experience that walking away from a well-paying job and jumping into your own business is stressful.

But if you carefully plan your “escape,” it will make it that much better!

Set Your Short-Term Goals

Maybe you want to make a ton of money and drive around in a BMW.

Or maybe you just want the freedom to enjoy your family or friends. Or perhaps it’s just a matter of being in control of your life — being able to do whatever you want, whenever you want.

Whatever your long-term goals are, first you have to concentrate on the shorter term goals before you can begin to see that “big picture.”

It’s up to you.

But understand that the type of business you start will play a role in whether or not you meet your goals — both short and long-term.

If you’re trying to startup a part-time venture while working full-time for someone else, you’re going to have to set daily goals to try and squeeze in a few hours of work every day, often before and after work! (I used to get up at 4:30 in the morning, go to my full-time job at 8:30, come home at 5 or 6 and get right back to work on my new business … and I loved it!)

But if it’s a small business idea you came up with on the ride home and it doesn’t really “drive” you, it’ll make reaching your short term goals — often the hard part — a heck of a lot more difficult.

What are Your Long-Term Plans?

That big picture includes, more than anything, something you can see yourself doing every day. Something that — even on weekends — you love to do.

And even though it is something you love to do, make sure it will feed your long-term plan. And you won’t know that until you know what your long term plan actually is!

For instance, if your plan is indeed to make a lot of money and retire at a young age, you’ll obviously have to look at small business ideas that are highly profitable.

This would include mostly business-to-business models. There is typically more profit selling to businesses (a product or service) unless you make it big in the consumer market.

Why would the business-to-business market be more profitable? Because a business would be more willing to invest in a product or service (that may even be a write-off) versus the consumer market which is more “luxury” driven. Meaning, consumers base a lot of their buying decisions on want instead of needs.

It’s also a financial issue.

A larger business can pay a $300 invoice without thinking about it whereas a consumer getting a $300 bill may sweat a little more.

This is just an example of understanding your long-term goals so you can look closer at a finite number of business ideas to get you closer to where you want to be.

And if you go ahead and hang your “open for business” sign and then realize, “Oh, I can’t make that much money doing this!”, you’ll only be taking one step forward and two steps back.

Grab a Pad … Ideas Will Come and Go

Because — like all entrepreneurs — you’re a thinker, you’ve always got ideas popping into your head. Probably more than you can handle (the brain only has so much room, right?).

That’s why you should always keep a notebook by your side.

Sure, some of the best ideas get written on a cocktail napkin. But you’re better off trying to give these ideas more permanence. And having a notebook dedicated to your small business ideas will give you a growing and buildable “diary” to use when you’re good and ready to go for it!

And once you start putting your ideas in writing, you’ll find yourself getting into the habit of using your notebook more and more. It’s like anything else that takes practice.

The more you do it, the better you get at finding the best small business ideas. And each idea will help you grow more specific or “niche” ideas.

Become a Private Investigator!

What you want to do is really learn how to research. You’ve got to dig — and dig deep — to determine what business really could work best for your success.

Not only do you have to know who you are and what’s going to drive your personality the most, but you also need to think about what sells.

What type of business can be profitable?

Too many people make the mistake of looking at only one aspect of starting a small business. If you love parakeets and you’re passionate about them, it doesn’t mean you’ll be able to open up a store in your town without knowing if anyone else likes them!

As a side note, starting an internet business allows you a greater opportunity to build a business around something you’re passionate about. If it’s parakeets you love, you’ll find more people on the internet with your same passion than you would in your own backyard. For some great information about finding your passion on the internet, click here

You research should include looking at what other businesses are doing (successfully and not so successfully) in your city or town.

Look at small businesses and even what the “big guys” are doing.

Maybe you could create a smaller business with a personal touch that the “big guys” are typically missing out on (no matter how hard they try.)

Figure out more about what makes you tick …

What kind of hobbies do you have, if any?

What kind of magazines do you enjoy?

What do you like to do most in your “free” time?

What was the best job you ever held? Even if it’s one you had when you were a kid, you may find a business in something you know and love — but don’t even realize it yet!

Business Ideas Are Everywhere

Start to think about needs in your town or city. Is there something missing? Is there a need or a product or some type of service people would use that they “want?”

What is the majority age population in your city or town? Is it mostly seniors? (a huge market because they are more active and living longer than ever.) Or is your community made up of younger families?

Check out the local sections in your paper. Read the Lifestyle and Arts section. (I always find articles about local business people who have started businesses.)

Look at local and state businesses. Look at consumer trends and what people “want.”

Is there something other businesses in your area need? Don’t be afraid to go around and ask!

Think about concerns we all have in the world today.

There are so many opportunities out there, waiting for like you to step up and get started with a new business!

Don’t be afraid to ask!

This is where your friends, family and neighbors come in. Ask them to give you their number-one need. A product or service that’s “hard-to-find.” A complaint about what’s missing from their lives.

How many times have you looked for something — a product or service — and had to travel a long distance to get it?

Answering questions will give you plenty to think about and some good material for your notebook.

And if you’re interested in the business-to-business market, you could always put together a survey and mail it out to local businesses. Give them an incentive (a low-cost, high value gift) and find out what they really need to help them improve their business.

You may find that all of the local businesses in your area need someone to take care of local deliveries. Or someone to help them type or use their computer more effectively..

Just remember, starting a small business is a process and it takes time. The more planning and research you do up front, the better chance you’ll have to success and have a little bit of fun, too.

Small Business Ideas – How to Find the Perfect Business for You to Start

Small Business Ideas – How to Find the Perfect Business for You to Start

It is a well known fact that people are consistently more successful in their business endeavors when they enjoy what they do. This enjoyment can come from many aspects of the business. Perhaps the business owner likes working with the products he sells. Maybe he enjoys having the freedom to make quick decisions. Often times simply the business environment or atmosphere plays a key role in positively driving business enjoyment. Regardless of the reasons, the first and most important step in finding a business to start is figuring out what it truly is that you want to get out of your business.

To start, set aside an hour or two of time where you can do some serious, uninterrupted thinking. The goal and outcome of this mental jam session are to define a list of desired criteria for your business. In other words, how do you want to define the nature of your business? Note that your business criteria are not the same thing as your business! Rather, your business criteria will help you filter business ideas to determine the best one for you to start.

To help walk through the process, assume that Samantha is thinking of starting her own small business. Samantha is in her mid-20’s and has always dreamed of starting her own company. She struggles, however, with finding a business idea that really excites her. Using the process outlined in this article, Samantha first sets aside some personal time where she will define the criteria for her ideal business. While your criteria should include 15-20 items, we will narrow Samantha’s list to five. Here is her criteria list:

“I want my business to be involved with children”

“In my business, I want to work outdoors.”

“I want to start my business with less than $5,000.”

“I want to run my business out of my apartment”

“I want my business to be service-oriented”

Once you have established your own set of criteria, the next step is to prioritize each item. Priority values should be high, medium and low. These priorities correspond to how relatively important each criteria is to you. Your initial inclination may likely be to rank all of the items with a “high” priority. Unfortunately this approach will not help you when it comes time to narrow down business ideas. Your goal should be to have approximately 30% high priority items, 50% medium priority items and 20% low priority items. We will now revisit Samantha and her example. After thinking carefully about her priorities and interests, Samantha segmented her business criteria into the following brackets:

High Priority

“I want to start my business with less than $5,000”

“I want to run my business out of my apartment.”

Medium Priority

“I want my business to be service-oriented.”

“I want my business to be involved with children.”

Low Priority

“In my business, I want to work outdoors.”

Priorities are crucial for this process since they are used to score and rank potential business ideas. While you can certainly apply your own scoring values to the priorities, the following values are good guidelines:

High Priority = 10 points

Medium Priority = 5 points

Low Priority = 1 point

The final step in the process is to list out and rank all business ideas that interest you. The priorities you just defined are used to score and rank the business ideas. Going back to Samantha’s example, she has identified the following business ideas that pique her interest:

Daycare operations

Swim lessons

Limousine service

Graphic artist

Public relations

Samantha applies her criteria to each business idea and then scores accordingly. She uses the priorities and scoring values she defined above. A zero value indicates that the business idea does not meet a certain criteria.

Day care operations (0 + 0 + 5 + 0 + 0) = 5 points

Swim lessons (10 + 10 + 5 + 5 + 1) = 31 points

Limousine service (0 + 10 + 5 + 0 + 1) = 16 points

Graphic artist (10 + 10 + 5 + 0 + 0) = 25 points

Public relations (10 + 10 + 5 + 0 + 0) = 25 points

To help clarify the scoring, take the Graphic Artist business idea as an example.

Can I start this business with less than $5,000? Yes, +10 points

Can I run this business out of my apartment? Yes, +10 points

Is this business service oriented? Yes, +5 points

Is this business involved with children? No, +0 points

Do I work outdoors in this business? No, +0 points

As you can see from the scoring above, Samantha’s best business bet based on her criteria and priorities is Swim Lessons (31 points). While this may very well not be the exact business she chooses to start, she can certainly identify other business ideas that are similar in nature to those that scored highly.

The process outlined above provides a logical, repeatable and customizable process for evaluating potential business ideas. Applying unique business criteria and priorities, prospective business owners can use this process to come up with business ideas that best fit their personal and professional preferences and goals.