As a business owner, I know how frustrating it can be to have a strong desire to run your own successful business, but not know where to start. You might have a picture in your head of working at home on your own schedule and not working the usual nine-to-five like most other Americans. But how do you get there? How can you start a company which will provide enough income where you can quit your current job and focus on your own company? While there is not a simple answer to any of these questions, provided in this article are ideas which can help you think of ideas for a successful business.
The first idea is to look at products around you and think about if any of them can be improved. For example, many people have made millions of dollars by improving every day items which most people do not pay much attention to. For example, look at your common desk items such as scissors, pencils and pens, and the computer mouse. I never thought scissors and pencils could really be improved upon their current designs, but recently I have seen scissors which fit into the palm of your hand and pencils which have finger grips and shapes which mold into the palm of the hand to make writing and cutting paper easier. Computer mice have also undergone much development since their introduction decades ago. Originally mice were just rounded pieces of plastic with an annoying cord attached. Now, mice have shapes which fit nicely into the underside of your hand with rubber grips and use wireless USB ports to eliminate the use of cords. Take a look around; maybe your cooking utensils or your remote controls are not designed with ergonomics in mind.
Another way to start a company is to look at a successful product on the market and create your own version of it. There are thousands of products that are highly profitable and control a large portion of the market, but there is always room for another competitor. Take candles for example, maybe there is a company which is responsible for twenty percent of the market’s sales of candles. Twenty percent could mean that the company sells ten million candles a year. If you have an idea for a different type of candle or even a candle which comes in a unique container, then you could still produce it and make money. If you only sell 10,000 candles a year, then you can still make a nice profit. You may not be able to quit your day job, but you can legitimately say that you have your own successful business. Maybe you only control 0.5 percent of the market, but you are starting to make a name for your company and making money too. Plus, if the larger company notices that you are making a name, maybe they will make an offer to buy your company! The possibilities are limitless.
A third way to start your own business, and perhaps the most interesting, is to think of a way in which your life is lacking, and fix it. To clarify, think of something annoying or difficult in your life that you wish could be different. Maybe you dislike how your universal remote control is extremely confusing or how you can never see where your key inserts into your car door when it is dark outside. If you see these situations as problematic, then you can be assured that thousands if not millions of other people are in the same situation. If everyone is experiencing the problem and there is no current solution available, then you should get to work on it. Try making a remote with the fewest number of buttons possible that people old and young can use. Or create a key with a push button light built into the side so you can see where to put the key late at night. There are millions of simple problems that have simple solutions; all you need to do is think about how your life could be better and you could make millions in the process.
While there are numerous ways to make large sums of money, it is up to you to be creative and do something no one else has done before. Whether you improve on a current product, create a product similar to an existing one, or think of a product to improve your life and lives across the world, there are tons of possibilities waiting on you. If you turn on your television sometime and watch a money channel, chances are you will see success stories of ordinary people who have become millionaires by creating and selling silly products. If these people can make millions off selling such ridiculous products which there was no market for before, then you can too. It does not take overwhelming brains to make tons of money; it just takes a good idea and the desire to never quit until you find success.
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