How to create a profitable online business idea www.valuestartup.com

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Practical Guide on how to brainstorm and pick profitable business ideas for your startup.Please follow our articles at www.valuestartup.com

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  • 1.How to Create A Profitable OnlineBusiness Idea? By Mohamed Ananwww.valuestartup.com

2. Creating a profitable onlinebusiness Idea! internet entrepreneur should focus onto successfully make money online. This is the make it or break it factor to besuccessful online or offline. You may spend a lotof time, effort and money chasing the wrong idea.This step is the most important step. Franklythere is no right or wrong way to brainstormideas, there are only best practices, commonsense and of course some luck. Below I willpresent the best practises on how to developprofitable business ideas based on my ownexperience and the world best entrepreneurs.Now fast forward to the good stuff. 3. Create a profitable online business idea byinventing something new This is rarest and the hardest of them all. LikeThomas Edison who developed many devices thatgreatly influenced our lives. From the motion picturecamera to the long lasting electric light bulb. If you can picture a certain product or service thatwould make people lives easier, then you are onbusiness. Tim Ferris Did this. The Author of the worldphenomenon The Four Hour Work Week Where hepreached to live an awesome lifestyle while puttingyour business on autopilot! He is a master hacker andhe managed to outsource his life and his businessvery cheaply. He has built a huge passionate followwho are ready to help him sell or promote hisproducts and he gives them his mind, body and soul.He gives presents, free info and help as much as hecan. His blog went to rank around 6000 most visitedwebsite -among millions- in SIX MONTHS!! If youhave something special, unique and awesome please 4. Create a profitable online business idea by fulfilling a personalneed If you needs a product or a service, be certainthat there are other people who are searching fora solution for that exact same problem. Personally when I was a project manager at oneof the biggest engineering firms. I had to self-study every single day and night to be able tocompete and sustain my edge at that level and todeliver projects on time, under budget and at thehighest quality standards. Self-learning was noteasy and taking courses and workshops wereboth time and money consuming. 5. My first online business was an E-learning hub forprofessionals. filled with articles, audio and video trainingand discussion boards. I added more value by giving themassignments and research work to further solidify thelearning experience and make it as practical and as closeto real life as possible. I developed it further and created amembership area for different niches like:Project Management Professionals and Marketingprofessionals etc. Professionals would post their mosturgent questions and problems and collaborate with otheron how to solve them. They would sharetheir experience in their current projects pointing positivesand well as negatives. And exploring alternative ways andsolutions to try at their next project. As you can see I took a simple E-learning portal andturned it into a thriving community filled with passionateprofessionals who are sharing their ideas, experiences andrecommendation. They sat goals and worked hard toachieve them. And we congratulated each other forthe completion of our goals. We were such a beautiful little community. Do you have a current need? Write it down. It maybe yournext big thing. 6. Create a profitable online business idea by making peoplelives EASIER We are in love with the easy way. We go to Google to find aquick answer and we ask a friend for a recommendation. We want the easiest and the shortest route to our goals. If you can develop an idea to make people lives easier! They willlove you for that. Google made our lives easier and now we can find exactly whatwe need in a blink of an eye. And they are going that extra mileevery single day from local search, blog search, Scholarsearch, image search, movie search, news search and everyother kind of search you can think of. Mint Made our lives easier in terms of managing our personalfinances. They develop free and premium software to helppeople control and manage their budgets more efficiently. Theywere one of the fastest growing companies in the world and theywere featured in The New York Times, The Wall Street Journaland Money magazine as the best tool to manage your personalfinances. Aweber when CEO and Founder Tom Kulzer was a sales leaderfor a computer hardware firm in mid 90s he noticed that leadswere falling due to lack of proper follow up from the sales agents.He went on his way and started Aweber the best email marketingsolution I have ever used and the number one in the scene right 7. Create a profitable online business idea by upgrading a current ideaand make it better Not everyone has the vision to spot a growing trend or a specificneed. So its easier to develop and upgrade a current businessidea and make it better than the original one. Google did this. When they witnessed that search engineswere merely displaying search with no clear standards. Theydeveloped a search engine that displays results based onuser preferences and history by exploiting cookies. Try to searchfor any term and make your a friend search for the exact sameterm with different computer and you would find different resultsas Google scans your history and browsing behaviour by a verycomplex Algorithm and displays the most relevant results for you.They grew and became the number one search engine and thenumber one website on the internet today. Tumblr did this. When 21 years old David Karp saw the growinginterest in Twitter and Blogs. He combined the best of bothworlds. Many people loved to share on Twitter but the 140characters and the limitations were an issue for some. Otherswanted a platform to express themselves freely but Blogs weretoo technical or too serious for them. The young genius made itand established Tumblr where you can share easily like Twitterbut with the powerful features that Blogs only have. Tumblr nowis the 35 most visited website on the internet today. And thefuture looks awesome. 8. Create a profitable online business idea by offering unbelievableservice Sometimes we cant figure out a new business idea or anupgrade to a current business model. Well the best thing todo is to choose a business model you like. Study itand differentiate yourself not by lowering prices -I amtotally against this strategy btw- But byoffering unbelievably good service. Zappos Did it. They started by offering great shoes forsales on their website like the hundreds of thousands ofother websites. But they took the customer service to limitsnever seen before. They would occasionally send youflowers or a present or a voucher at your birthday. Theymay send your products by speed delivery at no additionalcosts to you and you would be happily surprised. Theircustomer service would speak with you on the phone aslong as you need explaining every detail over and over.Actually there is a documented phone call that lasted for 8hours! This is how far they took it. The Result? Now theyare making over a billion dollar in sales each year! Theyare the biggest shoes retailer! And their huge customerbase do all the promotion and advertising work for thembecause they were happy and impressed. 9. Create a profitable online business idea by entering a very specificniche A niche is a group of people sharing a specificinterest, hobby or career. You can take a large businessidea and break it down to its niche components, studyeach one and build a business around one niche. LinkedIn Is the largest professional social network in theworld. They took the Facebook concept and simplifiedthings. They didnt need millions of teens, housewives andTV stars. They chose professionals and entrepreneurs andthey built a website specifically designed to serve them. Pat Flynn who is one of my favourite bloggers of all timedid this when he first started with his LEED exam trainingwebsite -Its a certificate in the Architecture world- Hetargeted Architectures who want to take the exam and builtthe best study guides to help them understand thematerials and pass the exam. He passed the exam himselffirst so he knew what does it take to pass it. Result wasover 200.000 USD in gross sales in his first year and he isdoing much better since then with his awesome SPI blog. 10. You can do this. Analysis the big businesses and break them down. Find what would be an interest for you and build a website around it. As an example I may consider analysing LinkedIn itself and see the small components inside. Well you may start a young professional social network or an Executive level social network or project managers social network Decide first. Brainstorm how can you provide an awesome fulfilling experience for your audience and then build a website to do this and more. 11. Create a profitable online business idea based on your passions andfears Same concept here. If you are passionate about something. There is agood chance that others are in love with it too. If you are totally scaredabout something you may research and learn to figure a solution andbuild a website offering that solution. Or simply a website that offerssome sort of support group for whoever suffering from that fear. Trustme it works. Write down your passions, what you love to read about, listen to, orwatch. Your dreams maybe? Or maybe your fears! Write them down.Then rewrite them again. Pin them and look at them everyday. Add ordelete. I assure you would find something interesting. Example: I love racing games! I may go and build a need for speed fanswebsite offering latest news and game hacks. I may then offer a simpleEbook selling my very best tricks to beat the boss in the game! Figureyours it maybe as simple as that. I hate bugs! I completely hate it specially ants. I may build a website andpost my latest solutions to get rid of them! Organic solutions maybe!Then present them in an ebook. I love working out! I am a 14 years athlete and I practised everything. IDID start a website based on how to lose weight for the businessprofessionals. I offered straight forward advice for people who cantafford sever dieting or hours of training. And it worked out NICELY! 12. Create a profitable online business idea by being weird! Yes this is not a typo. Although this is not my thing butsome people are flooding their bank account with this Tucker Max Ps: Please note that his stories are NOT foreveryone. They are uncomfortable for many. Please dontread on his blog if you are easily offended. He is a playaand he wanted to document his adventures in a book. Wellevery publishing house refused to publish it. He didnt giveup and he built a website and published his stories for freeso everyone can sees them. Within few months and withsmart marketing his traffic went over the roof This capturedthe publishers attention and they contacted him offeringgenerous contracts to publish what it seems to beunrealistically popular stories. He did it. Million Dollar Homepage If you have ever asked me ifsetting a website and inviting people to give you moneyjust for putting their logo in a homepage! I would say thiswill never work! Where is the added value? Well I amwrong this home page collected payments to put brandson the home page to own a piece of the internet 13. Other ways to create a profitable online business idea If your creativity let you down. Here are some otherways to earn an income by starting an onlinebusiness. Website flipping: Similar to real estate. You build awebsite. Add content. Attract visitors and offer it forsale on website like Flippa. Web hosting reseller: With a fixed monthly fee youcan start selling web hosting service. This can be aprofitable business model If you can attract lot oftraffic. Will cover this in future articles Review website: Review anything that you areinterested in. And offer some Affiliate links. You earncommissions on sales made by your links. Will coverhow to be a super affiliate in a future article. Content writing: If you are a good writer, set up a 14. This is the only article you would need to find aboutyour big idea! There is not right or wrong way. As yousaw some unrealistic businesses made money. Youwill never know unless you try. Please stop readingabout how to generate profitable ideas for yourinternet business and start doing what I have told youabove. Just grape a pen and a paper -No laptop please- andgo through each method described above frominventing something to upgrading a current businessidea to embrace your passions and fears or targetinga very specific niche. Go through each one, brainstorm each one. Write itdown. Pin it. Visualise it and you would find youranswer. Sooner or later and this is my promise to you. Some people would argue that they need to test theidea profitability before they start. Well some peopleagree and some disagree. I disagree personally.Simply because if you as a person needed somethingor facing a problem or a certain fear. Be certain thatothers feel that same way too. 15. If you are inventing something never done before thistesting would do you little good. Ordinary people cantvisualize your idea, so their replies would never giveyou an accurate answer. Example is when theyinvented the phone. People never imagined thiswould be possible and thought their lives are perfect.They invested the mobile phones and now peoplecant imagine how they lived without them and nowthey lives are perfect, now they can talk in the street!They invented the smart phones and now you areconnected to your social network, your business andto everything. Idea here is that people cant imagine things. Youeducate them to accept the new technology. As longas it makes their lives easier they would be more thanhappy to listen. I heard that the late Steve Jobs, the legendaryfounder of Apple, didnt believe in market research.With his revolutionary ideas that redefined whattechnology is capable of. People were unable to keepup and give a clear thoughts about it. 16. Hope that you enjoyed this article, Next articlewould be a shorter one -hopefully- and it wouldbe about How to create a valuable products andservice that people would buy Please leave a comment and share. Lets reachas many people as possible Cheers Mohamed Anan www.valuestartup.com Facebook page LinkedIn Profile LinkedInGroupTwitter