Fail quickly and fail forward…
You don’t have time to ponder what might have been. You don’t have time to think about the ideas that didn’t work. You don’t even have time to think about the ideas that you thought of, but someone else turned them into a million dollar idea.
How To Create A Million Dollar Idea
People will buy if the want or the need is great enough. People don’t just buy products they need, they also buy products they want. People don’t need a gold encrusted Rolex watch, however they will buy them… WHY? because buying that watch makes them feel good.
People want to feel good, and buying things is just one way to feel good.
SO in most cases they will buy a product to ease the pain of not having it, or wanting a product to make them feel good, which is also another way of relieving their pain, do you see?..
Very rarely is anything to do with buying purely black & white?. for example, people need food to survive, however many people also buy food when they are not hungry, just to feel good.
This can be seen everyday just by looking at how many overweight people there are in the World.. I’m not judging anyone, I’ve been overweight myself, I’m just stating facts..
The Next Million Dollar Idea Is Here
You can try reinventing the wheel and spend months, even years seeing if there is a demand for your idea, or you can see if you can improve on an existing idea.
Personally I prefer the latter as I never did have very much patience. I like things to happen quickly. If you are like me, we need to find our next million dollar idea as quickly as possible.
So, how do we do that?.. Simple
Ask Questions.. YES, simply, locate the PAIN. Ask people (in this example, the question is directed at business people but it could be the medical profession, anything at all).
Q1. What is the most important activity you carry out in your Business?
Q2. Do you have any problems or pain in connection with this activity.
There you have it. People love to tell you about their problems/pain. If you come across as a genuine person who really wants to help people, people will open up to you and tell you their pain.
Now all you need to do is find out if the person’s pain is common. Are there many people in this sector having the same problem. Now, at this point, you may be getting an Aha moment. If you are, this is good because…
If you do this enough, people will actually tell you what you need to go out and Invent/Provide in order to relieve BUYERS pain..
Now, once you do this on a regular basis. The ideas will flow and from some of those ideas should come one (or two) Million Dollar ideas.
Remember Facebook?. This idea was conceived by Mark Zuckerberg. His Facebook was thought of at college in response to his own PAIN. The pain of not meeting enough girls. He figured that if he came up with the Facebook social network for his own college, girls would want to join it, he would be in regular contact with them, and he would be successful with girls..
It Worked.. Facebook now has over a Billion members and Mark Z is a very rich man.
SO, the next million dollar idea is out there waiting for you to discover it. It could be anywhere, people all over the World are in pain, they need help, they need a better way.. BE the way..
Have a fabulous day.
By the way, if you are looking for a Million Dollar business that you can “plug” into and blog about your passions for finding million dollar ideas, join our positive team today.