There 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
I 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.
Why Not Google Ads!
You 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!
PS: Please leave your comments or questions below, I would love to get your feedback.