How To Develop Money Making Ideas!

Ideas:
It isn't the billions of ideas, that pop up in the minds ofhumans around the globe that make money. Very few ideas areworth the time it took for the thought. Most ideas are fleeting"sparks" that go no place and are forgotten before the next day.Of the ideas that are good, very few are followed up and everend up as a worthwhile development in the market place. Mostpeople are just not oriented to do anything about their ideas,while others believe it would take too much of their time andmoney to follow through to completion. This leaves the marketplace wide open for the person who learns how to "Create"Profitable Ideas!
There are three major formats you can use to create profitableidea:
1. Find something that already exists, the presence of which has never been known before.
2. Invent something. Most inventions are merely new arrangements of things that have already been invented.
3. Alter or improve in any number of different ways something that already exists.
As you "Create" ideas, write them down. What you dream up canbe your key to great wealth. Keep your mind "open" as you gothrough each day. What did you notice in the department storethat would reduce costs, save money or increase sales if somesimple procedure were added or something changed?
Ideas for improvements are one of the most valuable things you can contribute to society and at the same time add to your bankaccount. To create ideas for improvements, consider everypossibility and alternative for the thing you want to improve.
Learn to create ideas by evaluating all the different aspects ofthe product, method or concept you are interested in. Put yourimagination and subconscious to work and write down yourthoughts pertaining to each of the things you expect to improve.Use the New Wealth, "Idea Format" that follows as your guide forcreating Money-Making improvements.
Idea Format:
List the things you want to improve:
- Why should it be improved?
- Who will benefit from the improvement?
- What is wrong with it at the present time?
- Did someone else cause a problem with it?
- How do you propose to improve it?
- Do you have the facilities to do the work required?
- Do you have the know-how to do the work required to improve it?
- Exactly what part needs to be improved?
- Should it be smaller? Larger?
- Should the color be different?
- Would more activity help make it better?
- Could it be combined with something else to make it more practical?
- Would a different basic material work better?
- Is it too complicated, could it be simplified?
- Would a substitute be more meaningful?
- Is it priced too high?
- Would a change in personnel help the situation?
- Can the shape be changed to advantage?
- Can a new marketing plan make the difference?
- Is it safe?
- Can it be mass produced to bring the unit cost down?
- Should the appearance be changed... streamlined?
- Is there an adequate guarantee?
- What can make it appeal to a bigger audience?
- Would new packaging or trade name enhance it?
- Can it be made heavier, lighter, higher or lower?
- Can it be franchised?
- Is there a good maintenance program to back it up?
- Can financing be simplified?
- List ways to increase production:
- List ways to increase sales:
- List ways to reduce costs:
- List ways to increase efficiency:
- List ways to improve quality and increase profits!
- What can be done with it to satisfy more people?
This New Wealth "Idea Format" will start the ideas "sparking"and as related ideas come to mind write them down in everyvariation you can think of. Do not judge the good or bad pointsof the ideas as they materialize to you, just write them downand judge them afterwards. You will stop the flow of ideas ifyou are critical of your thoughts before you put them on paper. When you have answered everything you can about the product orconcept and know how it fits in with your plans, sit down andevaluate all the details you have written.
After you have found (created) a good idea, follow it up withquestions on what should be your next move in order to dosomething about it, then act! Get it moving. Expose it to theworld with sufficient tests to determine the value!
Come up with ideas that are still in the processing stage ratherthan get stuck on several vague points that may be worked outlater as your subconscious goes to work. If your idea fails, sowhat; you are just that much closer to finalizing another one,then another... until a useful more valuable idea is born. Every manufacturing plant, retailer, attorney, accountant; every business person, large or small, cannot continue tooperate in the competitive world of today without someone in theorganization constantly coming up with new and better ideas!
Old ideas drop by the wayside as new ideas take their place. Old companies without new ideas fade away.
Those who learn and know how to create ideas and anticipate thechanges needed, as the future evolves, have the opportunity tobe a great success with big money-making potential!
Another "tool" you can use to help dream up that million idea,is to spend several minutes each evening, relaxed with your eyesclosed. Pick any object that comes to mind and try to change itin your "mind's eye". Change it in every manner you can thinkof to improve it.
The following evening pick another subject or object and repeatthe process. Soon you will be using 20% of your brain powerinstead of the 10% normally used by the average person. As yourknowledge and "brain power" increase so will your bank account.
Just think what we could accomplish if we could get the other80% of our brain power working? On second thought, let's nottry to get 100% efficiency out of your human computer . . . wewould probably blow up the world for sure.
Protecting Your Idea
When you have come up with a good idea, write a full descriptionof it and make a sketch if necessary. Place the writteninformation, the sketch and any other pertinent facts ordocuments in an envelope addressed to yourself. Have the postoffice seal the envelope with a date stamp over the flap, thensend it to yourself by registered mail. Keep the envelope,unopened, in the event you need to prove ownership. Of courseif your product has a properly registered trade mark, has beencopyrighted, or you have a U.S. patent you are protected frominfringement.
A Few Idea "Sparks" !
When you come up with an idea, program or product that is sosuperior in style or performance that it is unbelievable you mayneed a notarized statement to assure your customer you areoffering an honest deal.
Make a habit of examining each piece of correspondence youreceive, taking care of it right at the time, do what isnecessary right then. Never put it aside to be handled a secondtime if it all practical. This can save more time than anythingelse for an executive who handles a large amount ofcorrespondence and mail. You can also save many more hours eachweek by doing several of the most important things that need tobe done each day before you take up other, time consumingimportant details.
Another good way to "spark" ideas is to go through theclassified and want ads in the newspaper ... Also the yellowpages of your telephone directory. As you read, think ofsomething that would be of value to the company or person, orenhance the item you are reading about.
In summary, learn to develop ideas from observing everydaythings and details. Think of what could make something better. Dwell on things that have a large marketing audience, somethingthat everyone needs and wants. Write your ideas down. Put apencil and pad at your night stand. When you remember a gooddream... don't just lay there, by morning you will forget it...Jot it down on the pad. You will be surprised what you candream up! Maybe the million dollar idea will magically appearon your pad tomorrow morning!