Some entrepreneur started with a simple idea and evolves into something that grabs everyone’s attention. Some simply enhance somebody’s idea into something much better. 

 

Let’s say you enroll in a short-term electronic class to know the basics. Spend another two months to design a simple project that beeps if you happen to leave your front door unlock. Sell it to homeowners for $2.99. With the right sales pitch, a potential buyer may say… “He spends two months to design this cool kit that makes my house safe and sells only for $2.99? Well I’ll buy it!”

 

If a million prospect buys one kit (1,000,000 x $2.99), that’s almost three million dollars. Well, that’s not the only cool kit in town. You can sell any products or services targeting potential buyers. This might be software, collection of gardening tips or just about anything that will satisfy “Supply and Demand”.

 

Here are some points to arouse your entrepreneur minds:

1. Analyze your strengths and skill set
2. Observe what is needed in the market
3. Can you compete with price, service, quality and quantity?
4. Test the market with acceptable budget
5. Analyze results
6. Adjust what is needed on the product, services, price, ads, customer
7. Repeat point 5 and 6 until success is achieved

 

Many entrepreneurs who are now millionaires have used this approach. And all of them have one thing in common; they never stop until success is achieved (Point 7)