Discovering the Idea That Earns You Millions

We are in a digital world where almost everything is integrated into a single system of the world wide web. We are in an era where we don’t have to have a shop to sell our products, an era where we don’t have to meet to communicate, an era where we don’t necessarily need to follow the traditional door to door method to advertise our products but rather an era where everything is done in a simple and faster way.

With the high rising level of graduate unemployment in Nigeria, I began to think of the way out as I will soon be graduating from the University. Then I recalled listening to speaker at the World leadership forum emphasizing the statement “You don’t need capital, what you need is an idea”. I began to brainstorm about the statement for the fact that I am scared to be an unemployed graduate like the millions who are yet to secured a job.

However with time, I began to understand that the leading world entrepreneurs never started with a capital but rather an idea. Bill gate the richest man in the world never did start the Microsoft with an a huge capital but rather his idea, Mark Zuckerberg the Facebook CEO who is also the fifth richest man never start the Facebook with capital but rather an idea, Steve Jobs who is also a Co-founder of Apple start the company to revolutionalize the smartphone industry with just an idea, Jobberman was created out of an idea, Linda Ikejis blog was created out of an idea and in fact every good business that developed into a multimillion dollars was created out of an idea.

To look further into it, I discovered that capital is easier to get but no matter how huge a capital is, without a good idea the capital is a waste or can be lost whereas a good idea is difficult to find and never can it be lost. so the question remains how do you discover a multimillion dollars idea. How do you break from the chain of unemployment in Nigeria. Below is a five tips to discover that business idea that will change your life forever.

5 TIPS TO DISCOVER A GOOD BUSINESS IDEA

1. OBSERVATION: To discover a good business idea, one has to observe things and circumstances around him. As you wander in the land of observations you need to be able to identify what people do often, what challenges they face on a daily basis, what they need, how they want their needs to be met, when and where. As you observe an ask yourself all this questions you must be able to identify the way out.

Steve Jobs will often go to the park to observe how people listen to music, Mark Zuckerberg possibly observed what if he and his friends don’t necessarily have to meet on a daily basis but rather connect online to gist and share pictures, JOBBERMAN knew people submit their CV and application letter directly but what if they can do it on their behalf.

So the most important aspect in discovering an idea is to observe the market you are interested in, how do they go about doing their businesses, is they anything that needs to be readjusted and many more things.

2. IDENTIFY A PROBLEM

Your observations will be futile and unnecessary if you are yet to identify a problem in the way people conduct their business. Idea can only be realised out of the desire to offer solution and better services to people. JUMIA and KONGA discovered a problem in marketing, so they create an online market where you make purchases and get it delivered to your door steps, if you are yet to discover any problem that needed o be resolved then you are far from identifying a multimillion dollars idea.

3. OFFER A SOLUTION

Now that you have discovered the problem in the way people conduct their business as an entrepreneur, you must offer a solution that fills that gap or void of unsatisfaction in the customers of such market. This can come by reading books and materials related to that niche of business.

4. MAKE A FEASIBILITY STUDY

Have you discovered that idea you think might fetch you millions, you shouldn’t just ventured fully into it but rather make a feasibility study to ascertain if that solution you are to offer is viable. This entails possibly preparing a survey or a questionnaire to hear the views of your potential customers about the service you are about to offer and how they feel about it. You must however delink your emotions from the answers you received.

5. IMPLEMENT YOUR IDEAS

This aspect has to do with the financial aspect to your idea. Don’t panic, they are a lot of people who will be willing to sponsor your idea if they found it fantastic and viable. You can obtain loan from the financial institutions here (Guaranty trust bank, Access bank, Diamond Bank etc) here in Nigeria at a minimal interest rate, but all you need is a good business plan.

In conclusion, do you have a superb idea that will fetch you money, you don’t have to wait, the time is now. Forget the fact that you need to school and come out with a good class of degree, what is important is the fact that you move out of your financial bondage and experience a world of financial freedom and independence. Remember Bill gate, Steve Jobs, Mark Zuckerberg and many more business tycoons were dropouts at a point in time but today the world has written their names in gold, you can also achieve same. Good luck.

How Many Hats Are You Wearing?

It’s inevitable. As a small business owner, you will wear many, many hats… Marketing manager, Bookkeeper, Content developer, Coach, Technical support staff, customer support staff.

But while this type of task juggling is to be expected, you have to be aware that not all of your hats are created equal. Marketing outweighs bookkeeping, for example, because without marketing, there will be no cash to manage.

Not only that, but you have to consider how much time you’re spending in each area as well. If you spend all day tweaking the design on your website and put off sending an email to your list, what have you gained?

Sure, you might have a prettier website, but you lost an opportunity to drive traffic to your offer.

In an ideal world, you’d simply put on your CEO hat and delegate the rest, but here in the real world, we don’t always have that option. Instead, we have to work smarter, and take care how we’re spending our time.

Here are some suggestions:

1-Prioritize Your Daily Tasks

We all have different skills and sweet spots when it comes to the tasks we want and need to do. You might love customer support and hate bookkeeping, while someone else enjoys the numbers game and doesn’t like dealing with the help desk. But regardless of your personal preferences, one thing is certain: money-making tasks should be at the very top of your to-do list.

That might mean product creation, email marketing, client outreach, or webinar development. Identify those money-making tasks in your business and be sure to prioritize them every single day.

2-Know the Difference Between Important and Urgent

In his classic book, “The 7 Habits of Highly Effective People,” Stephen Covey recommends prioritizing tasks based on a time-management grid. Every task is assigned to a (labeled) quadrant of the grid, based on whether it is urgent, important, both, or neither.

Once you know where a task falls on the grid, you’ll immediately know what you should be working on. For example, marketing and planning are important but not urgent. A ringing phone is urgent, but not important. The sales page for your new program, which is launching tomorrow, is both urgent AND important.

So before you prioritize your daily to-do list, think about where each of your tasks falls in the quadrant, and schedule them accordingly.

Will you always be working on the best task for right now? Probably not. Nor will you always use your time as wisely as you could. But by making a conscious effort to organize and prioritize your days, you’ll find it’s a lot less stressful and overwhelming to manage your small business.

3-Create Blocks of Time for Certain Activities

When making your daily/weekly schedules, carve out blocks of time to do certain tasks. For example, bunch your client appointments into 2-3 hours, on Mondays and Wednesdays afternoons and sales calls into 2-3 hour blocks on Tuesdays and Thursdays. That way you are in the “appointment mode” for that afternoon with nothing to distract you.

Then carve out another time period for social media activities, and another one for admin tasks such as bookkeeping, returning phone calls, and answering emails. You can set aside several hours (or a weekend) to work on content or product creation (product development).

Write out a list of business activities you do every week and decide how you can block out time periods for each area. Using blocks of time will actually save you time because it keeps you focused and more productive.

4-Have Some Passive Income Products

Having some passive income products set-up to offer your clients and members of your lists and networks, will also save you time because you create the product and set up the sales funnel once, but receive revenue from it multiple times.

You know that you are making money when you are coaching, but there are only so many hours in the day. And some of those hours will need to be delegated to marketing, admin, etc. So having a vehicle whereby you are making money without putting in more hours, is a time-saver.

And that’s why this month the training package is the “Passive Income Planner.” In it you will find tips and strategies for setting up your own source of passive income, and you can do it over and over again. In fact some coaches only coach part=time and the rest of their income is from passive income products.

So those are some ways to manage all the hats you must wear to be an entrepreneur. If you need more help with that, just contact me. I’m here to help!

Profit Academy Review

What it is?

Profit Academy is a detailed, step-by-step training program that claims to give you an easy time grasping what is most important for running an online business. The course takes about 12 weeks with each week composed of new training sessions where learning methods like live events, workshops and webinars as well as direct coaching are used. The academy will not only have a website setup, but also tips that will jump start your business and make you a successful entrepreneur. It exposes you to money making systems that are proven not just by the author but also by other students that have gone through the training program.

The Features

· Profit Academy has paid and free resources

· Anik shares personal secrets and workable

· Applicable training that entails theory and practical sessions

· Traffic driving tips

· Workshops, videos, PDFs, forums, live sessions, question and answer sessions and webinars among other training methods

· A variety of business trainers to handle all areas of the course

The Author

Profit Academy is authored by Anik Singal an entrepreneur based in America and who has several successful business launch credits to his name. He has an impressive achievement track record having been selected amongst the top three young entrepreneurs and selected twice as Inc. 500 CEO. He is the owner of businesses like VSS Mind, Lurn Inc. and Affiliate Classroom among others. Being a business person himself, you know that you stand a great chance to know the ins and outs of any given business.

What you will learn

The Profit Academy will teach you how to create your site, squeeze pages, landing pages and marketing pages. You will get to know about building an email list and using email marketing to grow your business. It will teach you how to monetize your website to increase revenue. It offers guidance on traffic generation tips using SEO, social media and other forums. Finally, it briefs you on digital product creation and funnel creation.

The Price

Profit academy is very valuable to any entrepreneur who wishes to make it big on the online platform but it is definitely not cheap. The pricing is probably intended to ensure that only serious participants enroll. A fee of $797 is charged when you sign up and the same will be billed every 30 days for 3 months that is the duration of the course. However, there is good news because you can enjoy money back guarantee within 30 days if you are not happy with what you are getting.

Profitable Product Creation – 3 Lies the Gurus Tell You About Product Creation (What To Do Instead)

Profitable product creation is a great way to be consistently profitable in your online business. And you do want to be consistently profitable in your online business, right?

When I first came online full time in 2007, one of the first things that struck me was how hard “the experts” were making product creation. I listened to a preview call for a product creation course that said it would take at least a year to create a product.

Since I had just created one in just a few days, I thought this could be made much simpler. And one way to make product creation much simpler is to get rid of some of the lies that so-called experts tell you.

3 Big Guru Lies About Product Creation

Product Creation Lie #1 – Product creation takes a long time – As I mentioned above, I once heard some “experts” say that it takes at least a year to create a good product. What this lie does is scares a lot of people off or makes them dependent upon the guru.

The Truth About What to Do Instead – While there are some products that can take a year to create, those are the exception rather than the rule. And now I’ll prove it: create a 45 minute teleseminar or webinar. Present it – record it – sell it. I’ve got two and a half high priced degrees so I could make this a lot harder if I wanted to, but why?

Product Creation Lie #2 – There are already too many products in that niche – Designed to keep you from competing with some of the gurus. Think about this for a minute: are there too many kinds of bread, hamburgers or pizza out there? Somebody should have told “Papa John’s.”

The Truth About What to Do Instead – Research the most popular products and resources in your niche. Discover which ones are doing a good job and selling well. Now go and create something better – simply do a better job.

Product Creation Lie #3 – Create Something You Are Passionate About – I saved the worst and most dangerous lie for last. This whole thing about do what you love and the money will follow leads so many people astray.

I’ve worked with far too many people who were frustrated because the product or resource about which they were passionate about was not selling well. Many times this was because the only people passionate about the product was the misguided person who created it, and maybe their family.

The Truth About What to Do Instead – Do your due diligence research first. Don’t even start down the road of creating a product or resource until you have done these 2 things:

1) Find out exactly what your community needs help with and what they want.

2) Once you discover what your community wants, find out how they would most like it delivered. Do they want a live course, a home study course, do they want it delivered in text, audio or video, or some combination?

You’ve got to have the answers to these questions before you do any product creation.