By Matata Mercy
You do not need a company of 100 people to develop and execute a great idea.
Over the years we have seen great companies like Facebook, Apple and others rise from just an idea to becoming runaway success.
All of these great ideas all started with an idea and after their founders executed those ideas, they became runaway successes that we still see today.
The companies did not just succeed by lack but the founders took up these ideas and took action on these ideas and worked on them day in and day out until they became successful.
Today, i would like to share with you some of the tips on how you can be able to figure out a million dollar ideas.
1. Come up with many ideas
The more ideas that you come up with, the more likely you are to stumbleupon an idea that could turn out to be a million dollar idea.
List down all the ideas that you come up with and then think and analyse each of these ideas one by one at a time. You just never know the idea that will help you create a million dollar business.
2. Allow yourself to fail many times
You should look at all the ideas that do not work out as just stepping stones towards those ideas that are going to have massive success.
You will need to fail several times before you are able to get that one idea that changes everything about you.
It doesnot matter how many mistakes you make or even how slow you progress, you are way ahead of each and everyone out there who is not trying or doing anything.
3. Start focusing on ideas and topics that have large markets
When you are trying to earn a million dollars in a small market, it will look like as if it is a lot of money to be earned but in actual sense it is not alot of money.
If you discover the high demand for the product or service then it certainly means that the idea does have a large market and it will certainly make it easy for you to make a million dollars off it.
4. Try out different variations of the same idea
The same idea could easily workout well in different variations. Just take a look at the idea of the Iphone manufactured by Apple and the same company later came up with another idea of a tablet called Ipad that equally sold out like the Iphone.
5. Take a look at the opposites of great ideas
When the idea of blogging took off, blogging platforms like Wordpress, Blogger, Movable type and others came into place and accomodated the idea of writing long blogposts and then the opposite happened, microblogging platforms like Twitter and Tumblur came into place and also became hugely successful.
You do not need a company of 100 people to develop and execute a great idea.
Over the years we have seen great companies like Facebook, Apple and others rise from just an idea to becoming runaway success.
All of these great ideas all started with an idea and after their founders executed those ideas, they became runaway successes that we still see today.
The companies did not just succeed by lack but the founders took up these ideas and took action on these ideas and worked on them day in and day out until they became successful.
Today, i would like to share with you some of the tips on how you can be able to figure out a million dollar ideas.
1. Come up with many ideas
The more ideas that you come up with, the more likely you are to stumbleupon an idea that could turn out to be a million dollar idea.
List down all the ideas that you come up with and then think and analyse each of these ideas one by one at a time. You just never know the idea that will help you create a million dollar business.
2. Allow yourself to fail many times
You should look at all the ideas that do not work out as just stepping stones towards those ideas that are going to have massive success.
You will need to fail several times before you are able to get that one idea that changes everything about you.
It doesnot matter how many mistakes you make or even how slow you progress, you are way ahead of each and everyone out there who is not trying or doing anything.
3. Start focusing on ideas and topics that have large markets
When you are trying to earn a million dollars in a small market, it will look like as if it is a lot of money to be earned but in actual sense it is not alot of money.
If you discover the high demand for the product or service then it certainly means that the idea does have a large market and it will certainly make it easy for you to make a million dollars off it.
4. Try out different variations of the same idea
The same idea could easily workout well in different variations. Just take a look at the idea of the Iphone manufactured by Apple and the same company later came up with another idea of a tablet called Ipad that equally sold out like the Iphone.
5. Take a look at the opposites of great ideas
When the idea of blogging took off, blogging platforms like Wordpress, Blogger, Movable type and others came into place and accomodated the idea of writing long blogposts and then the opposite happened, microblogging platforms like Twitter and Tumblur came into place and also became hugely successful.
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