If you’re paying attention, there are problems ready to be exploited all over the place.
You just need to be tuned in and listening to the right words and phrases around you. When you tune in and pay attention, you realize there are 1000s of million dollar business ideas all around you.
Most big million dollar ideas today are not breakthrough inventions. Yes, this is what we hear about most in the media but in reality, most million dollar businesses have taken existing ideas or products and made them better or just different.
Here are some examples of billion-dollar businesses that jumped in and executed on an existing idea.
Facebook was not the 1st social network
Google was not the 1st search engine
Telsa was not the 1st electric car
Netflix was not the 1st movie rental company
1-800 got junk was not the 1st garbage disposal company
You get the idea.
You don’t need to invent something brand new to start and build a million dollar business, you just need to take an idea and execute on it better or just different than others.
The hard truth is that it really all comes down to execution. If you can you execute better than the existing competition and market and distribute it better, you win.
There are plenty of ideas out there for products that can make you millions of dollars.
Where to find the good ideas
Some people have a problem with too many ideas, while others have a problem of not enough or just not the right one.
If you’re trying to find an idea for a business, the best place to start is with other people’s problems and complaints. find a problem than many people are experiencing and then create something that solves it for them.
Here are 4 types of complaints to listen and look for.
Complaints of change Complaints of expectations Complaints of fraud Complaints of boredom Complaints are problems looking for solutions. Listen to people, read the news and blogs and you will see problems everywhere.
Pay attention to these terms:
I hate… I wish… This sucks… I wish there was… It would be great if there was… I wish there was an app for… I wish there was a product that… There are many others you can use but these are things people talk about all the time in life and online.