Create Income Independence

Need an Idea for a Business? Try One of These!

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Are you serious about starting a business?

Are you determined to be financially independent?

Do you want some help to find the right idea?

 

Here are Four Types of  Ideas to Consider

  • Freelancing
  • Consulting
  • Digital products
  • Physical products

Freelance Work

Freelancing is work you do on an hourly, project or contract basis. It is usually an area that you know well.

  • Art, graphic design, photography, video, web design, and editing.
  • Writing, copywriting, content and social media marketing, proofreading and editing.
  • Virtual assistant: writing and producing a weekly newsletter, social media management, assist in online course creation, video production, etc.

In freelancing work, you can market yourself through your own website, referrals, social media and ads.

Or, you can add your name to a job board like Upwork,  or freelance service sites like Fiverr.

The quality of the work may not be as good or as profitable, but it can be reliable until you get established.

Quintessential has a broad list of freelance and consulting sites.

Consulting Practice

You can set-up a consulting practice in any field:

  • Business
  • Financial
  • Legal
  • Medical
  • IT and computer
  • Food and hospitality
  • Management
  • Creative fields
  • Engineering

Almost any knowledge or expertise you have, there will be someone who want to hire you. Consultants speed up the learning process and help eliminate costly mistakes because of their experience.

There are some sites where you can market your consulting services, LinkedIn is certainly one to use. LinkedIn groups are powerful in bringing in leads.

Successful consultant will want to have a website, network, speak at live events, write content for their own blog and to post in trade journals, and advertise.

 

Digital Products

A digital product like an e-course, video series, e-book, webinars and workbooks can be developed on a wide variety of topics.

To name just a hand full of the many possible ideas:

  • Caring for your pets
  • Gardening
  • Art appreciation and technique
  • Creative or business writing
  • Learning a foreign language
  • Natural healing
  • Sewing and pattern making
  • All types of exercise
  • Building and repairing all kinds of things
  • Cooking and cake decorating
  • And many others

 If you have a passion or an interest you want to pursue, create a product that will teach others.

Don’t let the belief that you’re not an expert in the topic stop you. There are always people who are beginners and want to learn. You can develop a beginner course and add more advanced courses as your followers want more.

It is a must to have an effective website. You will be sending patrons to your website to learn about and purchase your digital products. It’s important that it loads quickly, has an easy to navigate design, provides content where customers learn about your products, and an easy process to buy them.

Marketing your products can be through social media ads and groups. Find the right social platform with a source of interested people. Target your ads to appear on competitive websites, and run print advertising in magazines and publications that cater to your topic.

Physical Products

Creating an e-commerce store and selling a product is a huge business.

Whether you design, develop, and build a product of your creation, or sell existing products—there is a lot of opportunity.

Here are several ways to generate a list of ideas:

  • Start with a problem you want to solve
  • Find the flaw in an existing product
  • Search Trend publications and Social sites

If you’ve identified a problem or frustration that you feel, come up with the antidote. Develop a product or service that can resolve the issue you and probably many other people have. Sell it through your e-commerce store.

Maybe there is a product that you’d like to purchase. In reading the reviews by other customers, you find common complaints and short comings with the item as it is. Design a product that fixes the defects. Market the new product by highlighting the improved features.

Read publications like Trend Hunter and Springwise. These will show you new ideas and products being introduced into the market. Look at social sites, Pinterest, Amazon, Ebay, Polyvone and Alibaba to see what items are trendy now. Exploring these sources can point you to new ideas and products you want to sell.

What Next?

Once you pick which of these four categories you want to pursue, or what products you want to sell, you need to determine if it’s viable.

Is there a market for it and will it make money?

To determine if you have a winning idea, go back to the April issue of The Monthly Guide,  How to Validate Your Business Idea.

You’ll find a step-by-step process.

 

What’s Stopping You?

If you want to start a business, but don’t know what to do first.

If you have an idea but want feedback.

If you’re looking for someone to take you step-by-step.

I ‘d like to help.

I offer private coaching to get you started.

 

The Solo Entrepreneur’s Guide

Not ready for private coaching, every month I share original posts and the top business advice, articles, resources, tips, and tools in my TSEG publication. Sign up here, it’s Free.

I’d love to hear your feedback.

What are your business ideas?
Which of the four idea types, do you want to pursue?
Are you going to freelance or consult?
Are you selling a product or service?
Please leave your ideas in the comments section.

 

What additional help do you need to help you get started?

Click here to find out more.

Published by CII © 2017

 

 

 

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