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Five More Questions That Will Generate Ideas For Your Business

by Stu McLaren

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) What can I do in the next seven days to fill in the blank 2) What marketing ideas are successfully being used in your industry? 3) What are five new ways that I can acquire customers? 4) Who could really help my idea take off and how can I make it super easy for them to do so? 5) How could I wow blank for under $10?

Without making you wait any longer, lets get started 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?”

He laughed and said; “It’s easy. I’m lazy, so if something in my business is taking up too much time then I ask myself how could I automate it? Ninety percent of my ideas for products come from recognizing what is draining my time. I really just want to automate everything.”

This is a powerful question, that even the big internet marketers obviously ask themselves. How could you increase your productivity by automating XYZ?

Moving onto question number seven: How could XYZ be simplified?

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?

It’s the same question you could ask yourself, and it can be a very powerful piece of stimuli to spark all kinds of new processes for you.

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.

If you see a common question coming up, that’s a clear indication that many people are probably experiencing the same problem. That presents a need for a product to help solve that problem.

Ask yourself this question on a regular basis: What product can I create that will solve the problems my target market is experiencing?

Question number nine: Alex Mandossian brought this question up at a recent Big Seminar - How can my current products or services be residualized?

In today’s day and age, look to get paid not once, but more than once. Time and time again. Every single month or whatever. But if you look to constantly residualize your products or services, you’re going to have a constant stream of cash flow. Rather than fighting to try to get new customers, you really benefit and leverage your existing customers.

How could my current products or services by residualized? -Ask yourself that question.

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?

Think about this and when you do ideas will come flowing out because you will now be thinking from your customer’s point of view.

When you start to benefit the costumer, the most positive feedback you and your business will receive. When you have a happy customer the more likely they will come back to you again, bring in more revenue for you and spread praises about your products and services.

That one question helped me get a 100% satisfaction from my very first seminar. Before anybody stepped in to that room, I asked myself: How can I increase the value of what I’m currently offering? And the people who came to that seminar got bonus after bonus after bonus. By the end, they were so wow’d with the experience of being at the Idea Incubator, that I had all of them coming up to me saying, “When is the next one? When is the next one? When is the next one?” And now they’re evangelists.

Even at the Big Seminar they were telling eveyone about the amount of value they received at the Idea Incubator and what a great time it was.

If I hadn’t asked myself how I could increase the value of what I was offering then that would not have happened.

Your services, products and your business will only be opened up to new opportunities when you do this.

That’s it!

I hope you got as much out of this information as I did.

May ideas come to you when you need them most.

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