The truth is that the important thing is the idea. You have to find profitable business ideas online, since it is the idea of your online business that allows you to get started. The execution decides on its success, but if it cannot find profitable commercial ideas online, it will not be able to execute well and, therefore, will have difficulties to earn money. 3 Ways To Find Profitable Business Ideas Online.
I want to show you my three favorite methods that I use to find ideas for my online business. They will help you get started immediately and it will be difficult for you not to lose focus on the most fun and 3 Ways To Find Profitable Business Ideas Online!
1. Combine brainstorming and keyword research
Light bulb as a symbol of profitable online business ideas I love this method, because it allows me to be absolutely creative with my thoughts. Whether I am browsing the web, following real trends in social networks or dreaming of the next possible technological devices, I am gathering potential ideas.
When I am in nature, talking with friends or just watching TV, I am using those moments to let my thoughts flow and I am capturing what comes to mind in Evernote.
A recent example of a device that inspires me is Myo, a great device to control other devices through muscle contractions. The possibilities of using this are endless, if we are able to abandon our old thought patterns.
After obtaining several articles (mostly 10 or more), I turn to Long Tail Pro * or Market Samurai * and do some keyword research. When I analyze the keywords, I mainly look for those with more than 2,000 monthly searches and a fairly low competition in Google Top Ten. The global number of sites does not matter! It is simply competing with the top ten, so don’t let 400,000 pages targeted to your keyword scare you.
When I find a keyword I follow and think of ways to make money with it. Sometimes, a well-directed blog post with an affiliate link is enough, for others it is profitable to create complete niche sites. The Niche Site Project by SEO expert Spencer Haws shows you the complete way to build a niche site from scratch and earn> $ 500 per month with it.
2. Talk to people
I can’t emphasize this enough, collaboration is extremely important for your success!
When you get involved with other intellectual authors like you, it is likely to happen, that something great will come out of those conversations. When passionate people meet, it is always a productive, goal-oriented and enjoyable time.
I recommend using groups on social networks, although some of them require buying an account first. Most of them are definitely worth your money! I can recommend Internet Business Mastery Academy *, of which I am also a member. Your Facebook group currently has more than 500 active users (!). You can’t imagine the potential for help and inspiration you can get. It is incredibly useful to discuss your (hopefully) profitable online business ideas with this group.
You can talk about topics such as defining your target market, experience with software tools, how to make your idea come true, how to sell your products and much more.
A great free forum is the Fastlane Forum. I am active in both places and I absolutely love them!
3. Open your eyes and ears
Going through life with eyes and ears open seems very easy, although in reality it is.
It means that you carefully search for problems in your direct environment. You listen carefully to other people and look for negative aspects in their daily routines.
You could do it sitting in a cafe, walking or buying new clothes. Every time someone seems to be dissatisfied, angry or sad, it is an opportunity for you!
Imagine having your car to repair in a garage. The garage owner feels crazy in front of his PC, because his software does not work as expected. Do you think he is the only owner of a garage that uses this software? Probably not!
You could start a conversation with him, asking him what bothers him. In that conversation, he can tell you the exact problems he faces. This allows you to find a solution.
A possible scenario would be to call him and other garages a few days later and do a small survey. After defining all the problems, you can outsource the programming of a better software, because the garage owners will buy them, since it solves a real problem.
You can offer them a prepayment with a discount to obtain the capital needed for software development.
Think about this again. All you need is a REAL problem in the daily life of a business.