Creating Wealth From Ideas

What is your business idea?

Every business comes out of an idea. Business are started by men and women who see that people want to buy a particular product and service. When you have the first vague thought about a business opportunity, you need to develop it into a business idea and models. An idea that will be converted in wealth and fortune will tell you:

1. What product and services your business will sell.

To convert your good ideas into wealth, it must be based on what you are good at. Are you good at reading and writing? Authoring books and information will definitely be a good business for you. Are you good at interpreting numbers? Investing and stocks may be a perfect fit. Good at communicating and talking to people? You may take your lion share from the marketing world.

2. Who will buy your product and services? Your customers can be individuals or the businesses; these customers may be within a small area spread over a large area like the Internet where you can reach billions of people with your product ideas globally. One of the reason’s business is channeled to entrepreneurs using wrong ideas to target wrong people. Don’t let this happen in your case.

3. How are you going to market your product and services? There are so many ways of marketing your ideas; you may leverage Internet where over 6 billion people visit every day. You may use Adverts in magazines, Newspapers etc if you don’t blow your trumpet who will blow it for you?

4. What need is my product service and idea filling? It will surprise to know that this is the major problem of so many entrepreneurs. friends, Business is all about creating value that meets people’s needs. Doctors meets health needs; lawyers meets legal problems needs; accountant meets record keeping needs; pastors meets spiritual needs; your business must meet a specific need targeting a specific problem. These four simple secret systems if rigorously pursued as I have revealed here is enough to form your ideas into wealth and fortune.

How Are You Filling Your Idea Pipeline?

I’ve just been reading a terrific new book called High-Profit Prospecting by my friend and colleague Mark Hunter. Mark is a consummate sales professional, and his book is about how to keep your sales pipeline full so that you never run out of valuable prospects.

I’m not a sales professional, but I am an idea professional. And, just like I think it’s vital for people in the sales business to keep their sales pipelines full, I think it’s equally vital for people in the idea business to keep their idea pipelines full.

By the way, as a leader, you are in the idea business.

In his book, Mark talks about the importance of not leaving prospecting to chance, not just waiting (and hoping) for prospects to fall into the pipeline. He says that a true sales professional should have weekly (preferably daily) dedicated prospecting time scheduled on the calendar. Because keeping the pipeline full is that important.

Likewise, leaders should schedule time weekly (preferably daily) to fill their idea pipeline. Because it’s that important.

So, how do you do this? Through four primary sources.

1. What you read.

There’s a reason why Bill Gates, Warren Buffett, and Elon Musk read voraciously. They understand the value of keeping their mental pipeline full of new ideas.

“But I’m too busy to read, Bill.”

Really? Busier than Bill Gates? Because he’s pretty busy. And pretty rich. And he reads 50 books a year. I don’t think these are unrelated. So, I’m sorry-what’s your excuse again?

Schedule time to read. Every day, if possible. (And it is possible.) I’m not talking about Grisham and Patterson. They’re fine for the beach. Read about ideas. Read about things you don’t already know.

2. What you listen to.

To those of you who have horrendous commutes, congratulations! You’ve got a great opportunity to fill your idea pipeline! Instead of listening to the news (depressing), or the generic pop music station (mindless), why not try out one of the literally hundreds of great podcasts available? My guess is that there are at least a few podcasts out there for your particular field. Or, try one of my favorites, the TED Radio Hour podcast.

3. What you watch.

Although this probably won’t help you with your commute, there’s plenty to watch online-and some of it doesn’t involve kittens. For example, in addition to listening to the TED Radio Hour podcast, you can watch actual TED Talks Or, if you want something more in-depth and academic, Stanford University (among others) puts many of their courses online, absolutely free.

4. Who you meet.

I’ve saved the best for last. There are actual people out there, freely roaming the earth, who have knowledge, experiences, and ideas that you don’t have. They can be found in your town, in your workplace, sitting next to you on the plane or train. But here’s the caveat: if you only hang out with the same people you always hang out with, you’ll never meet these others. And that’s to your detriment, as a leader, and as a human being.

So fill your pipeline! Feed your brain continuously with new ideas. It’s the highest profit prospecting you can do.

How to Ensure Your Work From Home Ideas Business is Legitimate

1. Do not start any work from home program until you have a personal referral. If you know somebody who is working a program and getting paid like they are supposed to that’s a good sign the program is legitimate.

This is where social networking really comes into play. You can meet people on the Internet and get to know them and trust them as friends. If they are doing something that is making them money they’re going to naturally tell you about it.

This is a vital source of work from home ideas that are often times legitimate. Many times even if you are not looking for something new you may join them just because of their recommendation.

2. Look for ideas that have longevity to them. For example we know that affiliate marketing is a legitimate business model.

However there are new affiliate programs popping up every day. How do you know which ones you can trust?

A good place to start is with some of the largest affiliate programs that have been around for a while. For example selling digital information products from Clickbank is a legitimate way to make a lot of money.

Amazon.com is credited with starting one of the first affiliate programs online. It has now been around for over 15 years and is certainly a legitimate way to make money working from home.

Is interesting how many of the largest companies in the world have affiliate programs now. Did you know you can even join an affiliate program with Wal-Mart? This certainly is a legitimate opportunity!

3. Starting a blog with Google is a work from home idea that many people begin with. Google owns Blogger.com and is a fast way to get your blog online.

They also offer an affiliate program known as Google AdSense which pays out millions of dollars in commissions every year. You will find this an easy way to make money every day and blogging can be a lot of fun if your topic is something that interests you.

These are several ideas on how to ensure your work from home ideas are legitimate. Personal referrals, programs with longevity, and going with brand names are all a safe bet on the Internet today.