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This is a perfect example of taking something which already exists, and remodelling it, re-branding it, re-marketing it, finding a niche for it - and away you go.
Look at
music industry. It’s rife with similar concepts, which make millions. Bands, groups, singers, performers…. often do ‘cover versions’ - that is they will copy a song or track previously done by another artist.
Sometimes music is a ‘fusion’ - a mix of existing styles, but blended together to create something new. How about ‘sampling’? Taking a beat, rift, chord, chorus, few lines, track….. From another artist, and remixing it to create something different.
All they have done is to use something that already exists, make a few changes, amendments, alterations, improvements - and RESELL IT.
Unless you can reinvent
wheel, or perfect ’cold fusion’ -
World is jam packed full of existing markets, products, systems, services, concepts, ideas and customers - all of which can be used as your drawing board to get started.
First of all, where to locate great concepts?
Look around. What do you like? What do you dislike? Can it be improved? Can you take a hot product and improve it? Can to take a mediocre product and develop it? Can you take a completely useless product, and turn it in something better? Listen to what others say.
Can you re-package something? Bundle it? Deliver it differently? Re-brand it? Find a different, untapped market for a product which already exists, but is focussed on a different customer-base?
Can you add more value, more options, better support or service?
Do you use a product and think to yourself…. “Wow…. That’s great… but if only it did this too….”
Here are
vital tools and tips which you will need to start you off creating your own Million Dollar Ideas.
1. Your Eyes - seems obvious, but always be aware and on
‘look-out’. 2. Your Ears - keep them open listen to people, those around, what they say about products, especially
things they dislike, as this could be a great start for you, if you can remove
problem with an existing product, you may just have a seller.
3. Your Mind. Keep this open too. And try to think ‘laterally‘. 4. A notebook and a pen / pencil (write your ideas down - don’t forget them!) 5. Go back to number 3 and remember to do this! 6. A ‘sounding board’ - a way of discussing your ideas with a few trusted others. 7. Patience. It may take a little time,
best ideas don’t necessarily come instantly -stick with it. 8. Don’t get down-heartened if some of your ideas don’t pan out. Just start again. 9. Don’t’ spend too much time over ideas. Give yourself 60 seconds (no more) to think of a product, service, system etc., Then Stop. Then spend 9 minutes writing down as much as you can, all
pros and cons of
‘idea’, how it can be improved, simplified, delivered - just write as much as you can in those 9 minutes. Then STOP. Take a break. A good break. In fact put your notes away till
next day. Then review them.
When you do finally come up with a really hot idea for a product, service, system etc., don’t tell
World until you’ve taken a few steps to protect yourself! Get advice from experts - Lawyers, Business Professionals…… Patents…. Copyright…….. It’s important to get these right, or else someone may steal your idea, register it first and make HIS/HER fortune from YOU!
That leads me on to
last area. Don’t outright steal someone else’s idea, product etc. Breach of Copyright can be serious, Patents are relatively easy register, but a little care is needed - and plagiarism is just downright nasty!
In summary, Million Dollar Ideas can be found in TWO PLACES.
1. Everywhere in
outside world. 2. Inside YOU.
It’s just a case of putting them together. Some of
best ideas, really are
simplest.

An article by Gary Durkin Founder of the Internet Advice Center® http://www.InternetAdviceCenter.com
Gary has more than a decade of offline international business success behind him and has been doing business online for 6 years.
© Copyright 2005 - All Rights Reserved worldwide.
You are free to distribute this article, providing it remains unchanged and with the resource / bio box attached.