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3 Ways to Come Up With a New Business Idea That Will Work 

Discover the Best of the Best New Business Ideas and Get Started Today!
Check This Out: http://newbusiness-ideas.com

 

 
 
Tags:  new business ideas  home based business ideas  working from home  starting a business 
Views:  29
Published:  January 05, 2012
 
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Slide 1: ==== ==== If You Are Looking To Get Into A New Business That Is a First of Its Kind, But Also Uses An Already Existing Technology That People Need And Won't Give Up! Take A Look At This: http://newbusiness-ideas.com ==== ==== When the well of inspiration seems to have run dry, thinking up profitable new business ideas can seem almost impossible. Here are 3 top tips for generating new business ideas: 1. Transplant. Many successful enterprises are based on ideas or business models that have simply been transplanted from other industries or countries. A great example is Dominos Pizza which revolutionised the pizza market with home delivery which was, at the time, a concept alien to that industry. There have also been many examples of successful business ideas being replicated in other countries. For example, Netflix in North America was reborn as Lovefilm in the United Kingdom. So keep an eye on what is going on in other regions. If you are in the United States then look to Europe and Asia (Japan especially). There are plenty of websites and online resources out there to do this. 2. New Consumer Trends. Use free resources such as consumer trends websites and Google Insights to keep track of which trends are rising and falling in your areas of interest. Consumer trends used to be about reading lots of market research reports but these new online resources make the job a lot easier and are great for brainstorming new business ideas. Best of all they are free! 3. Ordinary Businesses. By their very nature entrepreneurs are interested in brand new innovative business ideas but sometimes this causes them to miss opportunities in more conventional business areas. Spend some time looking at "ordinary businesses" such as grocery stores, dry cleaning or laundry businesses. How could you improve their business models? It could be as simple as better delivery times or a friendlier customer service. If you can bring innovation to these kinds of markets then the payoff can be huge. This approach also has the advantage that you already know that real demand exists for these products or services (as oppose to a new innovative business idea which has never been tried before). Robin J Johnson is a startup entrepreneur. Follow my journey from employment to entrepreneurship on Business Virgin Online Article Source: http://EzineArticles.com/?expert=Robin_L_Johnson
Slide 2: ==== ==== If You Are Looking To Get Into A New Business That Is a First of Its Kind, But Also Uses An Already Existing Technology That People Need And Won't Give Up! Take A Look At This: http://newbusiness-ideas.com ==== ====

   
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