I Need A Business Idea: How About Problems & Passions!

I need a business idea to quit my day jobThere are millions of people sitting at home, or at work, thinking to themselves I need a business idea.

I need a way to go into business for myself and start making money doing something…..

Anything but this darn old job.

I feel your pain. I was there as well.

What Should Be Your Next Step?

You could sit in a quiet room and repeat over and over “give me a business idea, give me a business idea”, and see what happens. Not to make fun of the power of the subconscious mind because that stuff really does work.

Of course, the problem with that is you never know when the idea is going to come to you. It could be the next morning when you wake up, or it could be 6 months from now.

What if you need a business idea now?

Let me take you through my thought process and the business idea I came up with after doing research online.

What Problem Do You Have?

To me, this is the genius way to come up with a business idea. In reality, you don’t even have to think about this very hard because you know problems you have that could be potential business ideas.

How do you turn a problem you have into a business?

You know that you already have a market for the problem you need solved because chances are there are a lot of people that have the exact same problem. Let me give you a couple of examples.

Can’t Stop Sweating Niche

I know a guy who had problems sweating. The problem wasn’t that he couldn’t sweat, the problem was he sweat too much.

He started figuring out ways to stop sweating and he wrote an e-book about all of those ways. He went to Clickbank and became a member, uploaded his e-book in their affiliate platform, and started letting other affiliates sell that e-book for a commission.

He gave them 50% of every sale made. Today he’s a millionaire, has solved his sweating problems, helped thousands of people solve their sweating problem, and has paid out millions of dollars in commissions to affiliates who wanted to target that very niche.

This is just one way you could solve a problem and make money from it. Let me give you another one.

Money Making Tips

my making money tips idea for businessI started my blog, money-making tips, around the idea there were people all over the world who needed to make more money.

This was an easy business idea for me to come up with because I needed to make more money as well.

I figured out how to start a blog, answer questions about various money-making tips, and promote an affiliate program called Wealthy Affiliate. I earn a residual commission on every monthly membership that renews and I only have to make the sale one time.

Anyway, you get the idea that if you have a problem, a great way to come up with the business idea is to share with people how you solved that problem. Then use affiliate products as a way to monetize your knowledge.

What Is Your Passion

Not to question the brilliance of Mark Cuban, but I think following your passion is a great way to come up with a business idea. Cuban says this is bad advice because you may not excel at what you are passionate about.

OK in his example, you love baseball and want to be a professional baseball player. If you lack the needed talent this is not going to work.

But today, thanks to the Internet, you could still start a business around the niche of baseball. You do that by getting into a micro-niche and selling an affiliate product.

What do you love to do?

Cooking, camping, music, going to concerts, working out, eating healthy, being a grandma, raising kids, being a homeroom mom. fixing cars, fishing, golfing, hunting, etc. etc.

Without even trying I just listed all kinds of business ideas and it took me less than one minute to come up with them. You already know what you love to do, a hobby you are excited about, what you think about outside of work and family, and so on.

The Riches Are In The Niches

Affiliate marketing is a business model where you get leads, get people to click on the ads, or sell products around a targeted niche. You don’t even need to create a product because there are already affiliate programs you can join right now and start selling products from.

The really big companies like Amazon and Walmart have affiliate programs. Google is the largest search engine in the world.

If you just want to sell ads, you can place them on your website to make money in any niche.

How?

Why Not Google Ads!

Google can be a good business idea to sell ads to make money onlineYou get people to click on those ads and you can make money without even selling anything. Here is one way to do that.

You could start a blog and outsource to a freelance writer all of the content. Put the Google ads code on your blog, and then work at getting visitors to your blog.

When people click on an ad you earn 68% of the selling price and Google makes the sales for you. Petty cool right!

If this sounds like a lot of hard work it really isn’t once you learn how. I joined Wealthy Affiliate because they taught me how to come up with business ideas, and make money in affiliate marketing around those business ideas.

Now that you read this article and I show you ways to make money online with lots of different approaches, Are you still asking yourself the question….

I Need A Business Idea?

You are going to read other articles listing 55 business ideas, good businesses to start and so on. I think the best way to get a business idea is to just think about your problems or passions.

Whether you need ideas to make more money, or just want to make more money but need help getting started, I can help you with affiliate marketing and you can start learning for FREE!

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PS: Please leave your comments or questions below, I would love to get your feedback.

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10 thoughts on “I Need A Business Idea: How About Problems & Passions!”

  1. Affiliate marketing, as you rightly say, is all about offering a solution in the form of a product or service to everyday problems that everyday people encounter, and making a commission from it. If people focus on finding a solution to a problem, they’ve got themselves a potentially profitable niche. 

    Then there is the challenge of getting our product and service in front of our niche so as to make those sales and earn those commissions.

    I’m already ‘on the inside’ of Wealthy Affiliate, so I can vouch for what you say about the quality of the program. It gives wannabe affiliates everything they need to set up a lucrative online business – step by step training, support, websites, and associated support.

    A great new feature is the Affiliate Finder program – it actually generates ideas and points you in the direction of where the commissions are.

    • Richard, thank you for your input here and one of the best business idea today is affiliate marketing which is becoming very widespread for average people to earn an income from home part-time and eventually build it up to a full-time income.

      I would agree that Wealthy Affiliate is one of the best platforms to work with because of the training and support you receive on a daily basis and great help from the community. thank you for mentioning the Affiliate Finder Program to assist marketers where the commissions are. this is relatively new and the feedback is helping people better choose their niche.

      Thank you for your insight here and all the best with your business.

  2. Hello, 

     Thank you for this very informative article about how to make money online. I too would like to earn an income working from home in my own business. The only problem is, I do really have a problem with finding a business idea. 
    Sometimes, I am thinking that I have found an idea and after I decided to start working at it, my mind started to think in a negative way, wondering ” who would like to read about that or that”. 

    All these thinking it put me down and I never thought about that idea. So, I am stuck here. 

    But your article helped me to understand that I should not focus on who is gonna read ar need my business. Thank you

    • Hi Oana,

      Is important that you come up with the right business idea when starting out so that a few months down the road you would not like to start over and choose another idea. I have seen it happen to a few entrepreneurs and they end up quitting before getting anywhere.

      I always advise that you follow your passion, in that way you would love what you doing and not get bored in the near future. below is an article that helped a few of my team members and I hope it does the same for you.

      https://my.wealthyaffiliate.com/lazyblogger/blog/choosing-a-niche-for-your-website

      All the best.

  3. The aspect I enjoy most about your post is the energy of motivation and “can do” kind of vibe it seems to be emanating.

     I enjoy how you have broken down the post as it is easy to absorb and delineates clearly how someone can go about taking the bull by the horns and getting themselves started creating a business online for themselves.  

    I checked out that link to the Wealthy Affiliate and would endorse it wholeheartedly. 

    Great value here. 

    Thanks and all the very best to you!

    -Bex

    • thank you for the comment and kind words, Bex. Most of my Team members and new recruits always have problems with coming up with a business idea, that is the reason I decided to write this post to clarify that issue.

      Wealthy Affiliate has taught me a lot and I am still learning on a daily basis. This a platform which I think that anyone who wants to build a successful business should be a part of. happy to know that you agree with me on that one.

      All the best to you as well and good luck.

  4. I like this article.  It feels like you are speaking to me in person.  I just wondered why your video wasn’t you speaking.  I think the ideas expressed the blog could make a great video for you.  I like the way you have YouTube on your Navigation bar, making it very easy for your followers to find your other videos.

    • LowellAnn, thank you for the comment and suggestion. I will definitely be doing videos in the future that is the reason I already created a separated page for videos.

      Happy to hear that the article appeal to you and you got some value here. All the best with your business and feel free to stop by from time to time. Take care.

  5. Thank you David for this thought provoking article. 

    Conventional wisdom states to follow your passion when determining your micro-niche. Of course this is sound advice. I will not debate this line of reasoning.

    However, there is another valid school of thought and that being: 

    Chose one of these proven niches and drill down from there. The data shows that these are the most profitable niches.

    * health

    * wealth

    * love

    * irrationally passionate.

    Here is the line of thinking,  choose one of these niches even though your are not passionate about it and it will be easy to get passionate about it once you start to make money.” Money is a big motivator for many people.

    Just another way of thinking about finding that “business idea” that so many are seeking.

     

    • Hi Tom,

      Thank you for that food of thought, money is definitely a passion and can easily tie into a business if that business is profitable. Health and love are two favorite as well, but as much predict can be very competitive.

      Thank you for your input here.

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