Ways to Find a Business Idea

                                Ways to Find a Business Idea

 

1. Create a solution for something that you find really annoying or painful in your life. i.e. in the the society we are living, there are things people are struggling with and they pray for solution. That is where your job start from.

2. Get better solution to societal problems or for something that you do every day — e.g. make the process more efficient, less expensive or more enjoyable. Solve a Problem for a Niche Audience

3. Try to enquire from people or research about it by Building an email list around a niche topic and survey them about their biggest challenges about it.

4. Get the opinion of people by posting the question to different forum. Analyse the activity in niche forums and on platforms like Quora. Nairaland and Reddit  etc to discover the pain points and desires of niche groups. Discover Business Ideas in your Corporate Job

5. Look at the internal processes of the company you are working for (Human Resources, Finance & Accounting, Marketing, Management, Sales, etc.): What are processes that could be made more efficient? How

could they be improved with the use of technology?

6. Try to create job satisfaction to your employees: How could they get better at what they do? How could they be happier at what they do so the company can keep their best- performing employees?

7. Look for ways to improve the potential of the company’s core service. How could its product or service be made

better, cheaper or more efficient? Think of out-of-the-box ways that the big companies are missing as well as business ideas that benefit from small agile startup teams instead of big capital and resources.

8. Look at transferability of its products and processes : How could its processes be used in a different industry? How could its products be made accessible to a completely different market (e.g. a cheaper, more basic version in third world countries)?

9. Look for improvement potential in its supply chain: How could processes of its suppliers or customers be made more efficient? Analyse Trends

10. Look at the trending topics on Social Media Sites like Twitter, Reddit, Buzzfeed, YouTube etc. Remember

the Fidget Spinner? If you are able to jump onto trending topics fast enough by creating or reselling related products or services, you can build a valid business.

 

11. Make a list of things you love to do and would do for free. Think about how you could turn these things into a business. For example, if you are passionate about healthy living and spend your free time researching

recipes, finding new ways to workout and read up on the newest health trends — why not start a blog or coaching business with your expertise? Build on your Strengths

12. Train your brain to come up with ideas on tap by writing down 10 ideas about one topic every day. They don’t need to be business ideas but they need to be related to just one topic. This will force your brain to get really creative. For example: write down 10 ideas to make cooking easier, 10 ideas to loose weight, 10 ideas to sell books, etc.

13. Read, Read, Read. The more you read about different things in all sorts of areas, the more ideas will come to you naturally. By expanding your knowledge, you are expanding your realm of business ideas. Apply a well-known business model to a different industry or product

14. Build the Uber for X, the Airbnb for Y or the Warby Parker for x. You get the point.

15. Find a niche and resell products on your own dropshipping store, Amazon, eBay or other market places.

 

Starting a Business: The Idea Phase You know you want to start a business, but what do you do next? Here's how to find the perfect idea for your business. So I was able to fine this tips; which help many people on there quest to start a new business.