It’s 8th Idea that Counts Patience, Analysis keys to ideas that pan out Small business owners are constantly in search of new ideas to help build and strengthen their existing businesses. Whether you operate an on-line or off-line (traditional) business, you have probably had exhilarating feeling of developing what you think is next great marketing idea or new product for your business, only to have feeling vanish when idea turn sour.
As a small business owner myself and a professional marketer, I have learned one important lesson about idea generation in business: it’s 8th idea that counts. My experience has shown me that very first idea that is generated to solve a particular problem may not be solution, but as long as you keep that idea alive and allow it to grow and change, it becomes an increasingly better idea. Eventually idea grows into a very profitable and manageable business plan. In my case, it seems that it’s often 8th idea that is a real winner.
It Happened to Me…
I’ll draw on personal experience for an example. When I launched my first online business a number of years ago, I had idea to take advantage of my experience as a professional marketer in staffing and employment industry to bring valuable knowledge and information to general public. My first venture was a resume writing website, which was neither a success nor a failure. In short, it really did nothing.
As I look back on that venture, I realize now that I simply did not have enough information or internet savvy to put together a reasonably decent website and market it effectively. I pulled business offline after only 3 months. What I did not do, however, was kill original idea.
I went back to drawing board to look at what went wrong and determine if idea was still viable. After some thought, I decided to focus my efforts more on small business community, since I had so much experience marketing for companies with tiny marketing budgets. That was birth of my current website and business model. Since that time, my site has evolved, I’ve changed marketing tactics, revised my product offering, and so on. Each of these changes to original idea made idea progressively better and more marketable.