Five More Questions That Will Bring New Ideas For Your Business
by: StuMcLaren |
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This the second part of my article entitled "Five Questions That Will Bring New Ideas For Your Business". Do you want more ideas to benefit your business? If so, continue answering the next five questions.
The first five questions were: 1) In the next seven days what can I do that will fill in the blank 2) Regarding marketing strategies, which of them are being used successfully in your industry? 3) What would be five new ways to attain new customers? 4) How do I make it really easy for people to help me and who do I know that could really help my idea take off? 5) For only $10, how could I wow blank?
So without further ado, lets begin with Question six: How could I automate XYZ?
I asked Armand Morin one time, "Where do you get your ideas for all of your products?"
His response was simple but made complete sense. "It's simple. If something is taking me too much time to do, I ask myself, how could I automate this process? Ninety percent of my product ideas come from my ability to recognize what's draining my time. I'm lazy. I want to automate everything."
That's where his product ideas come from. Powerful question, so ask yourself that question. How could you automate XYZ?
Next question - number seven: How could you simplify XYZ?
Have you ever bought your own product and gone through the process your costumers would be doing? Is it a complicated process? So many times I've had to go through a horrible process just to buy a product I was interested in.
In fact, recently I was in the process of buying a new server, a new dedicated server. The company that I was trying to buy it from were making me jump through all kinds of hoops. It got to the point where I got so frustrated with trying to purchase from these people, that I gave up and went somewhere else.
So they need to ask the question: How can they simplify the purchasing process for my customers?
You should really think about this question too. By doing so, you will spark a whole bunch of ideas about different processes you can use in your business.
Question eight: Are there problems my target market are experiencing and how could I solve them with a new product?
The Ask Database is a great piece of softward created by Alex Mandossian. It allows you to ask people what kind of problems they are experiencing and you can use your collected answers and make products to solve their problems. If you have it, I highly reccommend using it.
If you have the ability to solve problems that people are experiencing you will always be in demand. That is why creative thinkers are always looking for problems to solve, their future depends on it.
Another place I want you to go - write this website down because it is extremely powerful when it comes to finding problems - www.Answer.Google.com.
When you get to that website click on the most appropriate category for your business. Here you will see what kinda of questions people are asking in that category, those questions are also problems.
After looking through the questions if you notice a commonality amoung them, than that would be a clear indication of a problem needing to be solved. With a problem in hand you can now create a product which solves it.
Ask yourself this question on a regular basis: What product can I create that will solve the problems my target market is experiencing?
Next question - number nine: This one Alex Mandossian brought up in his presentation at the most recent Big Seminar, and it's a powerful question. How could I residualize my current products or services?
This is the best senario, constantly getting paid every single month, or whatever time frame you lay out. You should be looking at how you can get paid more than once, over and over again. Instead of having to find new customers, you will be benefitting and leveraging your existing customers.
Ask yourself that question: How could I residualize my current products or services?
Next question, and the final question I'm going to leave with you is: How could I increase the value of what I'm currently offering?
Thinking in the customers favor and frame of mind is really going to get a whole bunch of ideas popping into your head.
Thinking from your customer's point of view will really ignite ideas that benefit your customers. Your existing customer base is a fantastic source and you really should take the time to think about how you can benefit them. If you do, they are more likely to buy from you, tell others about your products and services and therefore create more revenue for your business.
Planning my first seminar a few years back I stopped and asked myself how could I increase the value of what I am offering before any of the attendees even got there. By doing this they were wow'd when I gave them bonus after bonus throughout the course of the seminar. This led to 100% satisfaction and all of them were asking when the next Idea Incubator would be. I still have some of those attendees still come every year to it and they are now all willing to spread the word about what a great time it was.
Their praise and enthusiasm about my event continued even to the Big Seminar. They continued telling everyone what a great time they had and how much valuable information they received from the Idea Incubator.
If I hadn't asked myself how I could increase the value of what I was offering then that would not have happened.
When you do that, it just opens up a whole new opportunity area for you, your products, and your services.
That's about it!
Hopefully you got as much out of this information as I did.
When your stuck for an idea, may the light bulb go off!
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About the Author
Find out what Stu McLaren has Discovered! 227 Unusual, Different and Just Plain Crazy Unusual Business Ideas... That Could Make You Wealthy Quickly!... Starting From Zero! Just One Great Idea Could Change Your Life! So Take Your Pick From 277 Unusual Business Ideas
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