“How To Crank Out Million Dollar Product Ideas From Scratch”

Written by Ewen Chia CEO, Midas Touch Marketing


Are you currently stuck trying to think up ideas for that million dollar product?

I’ve got a surefire formula to get you unstuck and onrepparttar road to generating more profitable product ideas than you can handle.

First, let’s talk aboutrepparttar 100341 real reason people hit a blank wall when they start brainstorming. The sad fact is that our brains are a bit lazy.

The human mind hates sustained concentration and always seeksrepparttar 100342 shortest, quickest and easiest path to solving any problem.

When you sit down with pen and paper in hand and ask yourself, “What product do I want to create?”, you’ve just given your brain an overwhelmingly open-ended question...

The problem is thatrepparttar 100343 term ’product” is far too abstract. It includes literally thousands of possibilities. Your mind gets overwhelmed and doesn’t know where to begin.

Think of your mind as a young child on a playground. You want to give him a clear set of boundaries. He can play freely and safely as long as he knows your parameters – but set him loose withrepparttar 100344 command to “do anything”, and he’s likely to run out of your control.

Fortunately, there’s a formula you can use to take control ofrepparttar 100345 brainstorming process...

This formula gives your mind something it absolutely loves: order and categorization.

When you use this formula, ideas will come to you automatically. The reason is that you are giving your mind a logical map to branch out from, rather than asking it to start inrepparttar 100346 middle of nowhere.

Are you ready to learnrepparttar 100347 formula for churning out million dollar product ideas at will?

Here it is:

==> Consumer Class + Product Purpose = Winning Idea

Each ofrepparttar 100348 above variable represents a set of questions you must answer.

Your answers do not lock you into anything. Instead, they create a series of sub categories to guide you in your brainstorming sessions. These sub categories enable you to open up new tightly defined nichesrepparttar 100349 farther you go.

(1) Let’s start withrepparttar 100350 “Consumer Class” variable:

Who is your consumer? Is he/she:

- An individual? - A small business? - A large business? - An end user at home or at work? - A single product consumer? - A bulk product consumer?

Also askrepparttar 100351 question of what your consumer is interested in, and which market niche he/she belongs to.

(2) Now, let’s look atrepparttar 100352 “Product Purpose” variable:

What isrepparttar 100353 purpose of this product? Is it:

- Pure information and education? - Aimed at solving a problem quickly and efficiently? - Designed for entertainment? - Factual or fictional? - Text only or will it include software, audio or video? - Complete as is or will it require updates? - Suitable for download or better off rolled into a membership site?

The Right Way to Start a Home Based Business

Written by Daegan Smith


Starting a new business is scary, exhilarating, challenging and at times downright confusing. It's easy to get overwhelmed byrepparttar huge number of tasks in front of you. When you get in that state, step back and think, "What can I do today that will get my message in front of my customers?" If you're thinking about this allrepparttar 100340 time,repparttar 100341 other details will fall into place.

The first thing you need to do is decide onrepparttar 100342 goals for your business. What do you personally want to get out of it? How many hours do you want to work? How many employees do you want to have? How much money do you want to make? The idea here is to get as clear a vision as possible of what your business will look like when it is established so you'll know what needs to be done to get there. For a very clear step-by-step method to do this, I highly recommend a program called E-Myth.

Next, dorepparttar 100343 math. So many people—including me—have learnedrepparttar 100344 hard way thatrepparttar 100345 business they created is not capable of meetingrepparttar 100346 goals they set for themselves. To help avoid this problem, do some market research to determine how much you'll be able to charge for your product or service and what volume you'll be able to sell. Think about how many hours you'll be able to work in a day and get a rough idea ofrepparttar 100347 maximum amount you could make. Once you have rough estimates for those figures, you can decide ifrepparttar 100348 money you could make orrepparttar 100349 time you need to put in will be worthrepparttar 100350 effort. You'd be surprised at how many people spend years working in a business that is just not capable of becoming what they hoped it would, even if everything went perfectly.

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