[Part 2] Need a new business idea...We can help!

Follow this guide to help your dream come true! Follow this guide to help your dream come true!     Hey   In Part 1 we asked you why you wanted to start a business and if you're reading this, you still do! We're really glad you want to keep your dream alive, because in Part 2 we'll let you in on the secret of what makes a business idea successful.   You might already have a fantastic idea. If so, great! However, if you think a stainless steel car (Delorean) is a great idea or a streaming service made just for phones (Quibi) has winner written all over it, perhaps read through this email to see if your idea aligns with some of these guidelines.   Think about things you love The first way to generate an idea for a business is to think about ways to monetize something you love. It could be part of your current job or it could be a hobby.   Think about things that bother you Examine your own life and try to identify some of these annoyances. Think about tasks at your job that slow down your productivity, or that you dislike. How would your workday be different if someone developed a product or service to do these tasks for you?   Ask other people what bothers them If you're bothered by a common task, odds are you're not alone. Take some time and ask your friends and family about their own daily annoyances and roadblocks to productivity. You're likely to find a lot of common ground, but you'll also generate some new ideas.    Think about problems people might have in the future A wise sage once observed, "Mo' Money, Mo' Problems." The same holds true for technology. New tech solves problems and increases productivity, but it can create a whole host of new problems. Hey   In Part 1 we asked you why you wanted to start a business and if you're reading this, you still do! We're really glad you want to keep your dream alive, because in Part 2 we'll let you in on the secret of what makes a business idea successful.   You might already have a fantastic idea. If so, great! However, if you think a stainless steel car (Delorean) is a great idea or a streaming service made just for phones (Quibi) has winner written all over it, perhaps read through this email to see if your idea aligns with some of these guidelines.   Think about things you love The first way to generate an idea for a business is to think about ways to monetize something you love. It could be part of your current job or it could be a hobby.   Think about things that bother you Examine your own life and try to identify some of these annoyances. Think about tasks at your job that slow down your productivity, or that you dislike. How would your workday be different if someone developed a product or service to do these tasks for you?   Ask other people what bothers them If you're bothered by a common task, odds are you're not alone. Take some time and ask your friends and family about their own daily annoyances and roadblocks to productivity. You're likely to find a lot of common ground, but you'll also generate some new ideas.    Think about problems people might have in the future   A wise sage once observed, "Mo' Money, Mo' Problems." The same holds true for technology. New tech solves problems and increases productivity, but it can create a whole host of new problems. The top 10 fastest growing industries in 2022 Research growing markets Business is all about supply and demand, so it's smart to look at areas where demand already exists. Have a look at some of the fastest growing industries, and consider staking out your business in that territory.   Think about the logical progression of other businesses Your business could just be the next step in developing an idea that already exists. Look at the businesses that already exist and are successful, and then think about how they could be disrupted. What do you wish they offered that they don't?    Apply old models to new niches A lot of businesses that have found success in the digital age are applying models that already exist to new niches. For instance, look at all the crowdsourcing platforms that have found success (this one included). Uber didn't invent crowdsourcing. It just applied it to the transport industry. Research growing markets Business is all about supply and demand, so it's smart to look at areas where demand already exists. Have a look at some of the fastest growing industries, and consider staking out your business in that territory.   Think about the logical progression of other businesses Your business could just be the next step in developing an idea that already exists. Look at the businesses that already exist and are successful, and then think about how they could be disrupted. What do you wish they offered that they don't?    Apply old models to new niches A lot of businesses that have found success in the digital age are applying models that already exist to new niches. For instance, look at all the crowdsourcing platforms that have found success (this one included). Uber didn't invent crowdsourcing. It just applied it to the transport industry. Freelancing statistics to think about Take your current job solo In your current role, it's likely you've gained a high degree of expertise. Your employer values that expertise, which is why they hired you rather than someone else. Your business could just mean taking your current occupation and venturing out on your own.    Find a stagnant market area There are plenty of markets that are ripe for disruption. Have a look at different industries and think about the ones that have remained stagnant for a long period of time. How could you bring new innovation to that industry?    Do it better and cheaper There are plenty of industries ripe for this kind of disruption, even existing online business models. Whatever the product or service, if you can deliver a better customer experience at a lower cost (while still remaining profitable), you're onto a winning business idea. Take your current job solo In your current role, it's likely you've gained a high degree of expertise. Your employer values that expertise, which is why they hired you rather than someone else. Your business could just mean taking your current occupation and venturing out on your own.    Find a stagnant market area There are plenty of markets that are ripe for disruption. Have a look at different industries and think about the ones that have remained stagnant for a long period of time. How could you bring new innovation to that industry?    Do it better and cheaper There are plenty of industries ripe for this kind of disruption, even existing online business models. Whatever the product or service, if you can deliver a better customer experience at a lower cost (while still remaining profitable), you're onto a winning business idea. Four questions for idea validation Validate your idea Once you've come up with a business idea, it's time to test the waters and see if you're onto a winner or if you need to rethink your plan. The best way to do this is to share your idea with friends and family.   Don't wait for perfection Your business idea doesn't have to be perfectly refined before you start pursuing it. You're going to learn a lot along your entrepreneurial journey, and many of the details will come into place in time.    Be open to change Throughout your career as an entrepreneur, be open to shifting your business model as the market demands it or new idea or technologies arise. Companies die when they remain stubbornly chained to existing business models so keep your company nimble and adaptable.     Conclusion Every business starts with a great idea, and coming up in Part 3, we'll show you how to turn your idea into a winning business plan to ensure it's a success.  Validate your idea Once you've come up with a business idea, it's time to test the waters and see if you're onto a winner or if you need to rethink your plan. The best way to do this is to share your idea with friends and family.   Don't wait for perfection Your business idea doesn't have to be perfectly refined before you start pursuing it. You're going to learn a lot along your entrepreneurial journey, and many of the details will come into place in time.    Be open to change Throughout your career as an entrepreneur, be open to shifting your business model as the market demands it or new idea or technologies arise. Companies die when they remain stubbornly chained to existing business models so keep your company nimble and adaptable.     Conclusion Every business starts with a great idea, and coming up in Part 3, we'll show you how to turn your idea into a winning business plan to ensure it's a success.  Start your business   We have everything you need to start a business:   This logo design cost $350 USD and took 4 days to make This 3D render cost $325 USD and took 10 days to make This brand design cost $610 USD and took 2 days to make This website design cost $150 USD and took 10 day to make   We have everything you need to start a business:   This logo design cost $350 USD and took 4 days to make This brand design cost $610 USD and took 2 days to make This website design cost $150 USD and took 10 day to make This 3D render cost $325 USD and took 10 days to make Start your business   © 2022 Freelancer Technology Pty Limited. All Rights Reserved. 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