How To Know If You Have A Winning Idea ... Easily!

Joel · 11-04-2009, 11:25 AM

As you look at ways to make money, both online & off-line look for:

1. People that have a problem

2. Realize they have a problem

3. Want to solve the problem

4. Have the financial ability to solve the problem

5. And, you have a solution

Take all your money making ideas and match them to the few simple concepts above & you'll quickly get a feel if you have a winning idea or not & how easily it will be to make money.

Joel

eriktin · 11-04-2009, 11:54 AM

Excellent idea..............

You can create create eBooks while giving solutions for their problems.

lenlatimer · 11-04-2009, 12:35 PM

Hi,
All sales are based on fixing or avoiding a pain, or gaining pleasure.
So I agree with your list. However there are some things your didn't list:

1) The ability to reach them cost effectively. (you can't afford to spend $500 to make a $10 sale). Eskimos may need a heater, but how do you reach them? (there's probably a list in SRDS).
2) A market size big enough to generate enough sales to make it worth while. (one $10 sale is not worth the effort)

11-04-2009, 11:25 AM	#1
Joel HyperActive Warrior War Room Member Join Date: Aug 2002 Location: , , . Posts: 462 Thanks: 29 Thanked 209 Times in 55 Posts	How To Know If You Have A Winning Idea ... Easily! As you look at ways to make money, both online & off-line look for: 1. People that have a problem 2. Realize they have a problem 3. Want to solve the problem 4. Have the financial ability to solve the problem 5. And, you have a solution Take all your money making ideas and match them to the few simple concepts above & you'll quickly get a feel if you have a winning idea or not & how easily it will be to make money. Joel

11-04-2009, 11:54 AM	#2
eriktin Active Warrior Join Date: Nov 2009 Posts: 53 Thanks: 4 Thanked 0 Times in 0 Posts	Re: How To Know If You Have A Winning Idea ... Easily! Excellent idea.............. You can create create eBooks while giving solutions for their problems.
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11-04-2009, 12:35 PM	#3
lenlatimer HyperActive Warrior War Room Member Join Date: Feb 2008 Location: Valley Glen, CA USA. Posts: 183 Thanks: 4 Thanked 14 Times in 14 Posts	Re: How To Know If You Have A Winning Idea ... Easily! Hi, All sales are based on fixing or avoiding a pain, or gaining pleasure. So I agree with your list. However there are some things your didn't list: 1) The ability to reach them cost effectively. (you can't afford to spend $500 to make a $10 sale). Eskimos may need a heater, but how do you reach them? (there's probably a list in SRDS). 2) A market size big enough to generate enough sales to make it worth while. (one $10 sale is not worth the effort)
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