How To Find Ideas For Creating Your Own Profitable ProductsGet Internet Marketing News and Info on mps-internet-marketing.com. How To Find Ideas For Creating Your Own Profitable Products topic will increase your understanding on Internet Marketing News and Info. We at mps-internet-marketing.com only provide news, articles, information in Internet Marketing News and Info. Internet Marketing News and Info at mps-internet-marketing.com provides the most up to date news and articles. If you have questions please do not hesitate to contact us.
In this Article we look at the third competitive advantage of successful Internet Marketers - Creating Products. The main problem with creating products is not in the build process, but rather in the "Ideas Process." Product Ideas Come From NEEDS * New Knowledge Research at centres of learning gives rise to new theories that provide a wealth of ideas, for new products. * Emulation Modification and copying of existing products and services is the most common source of new ideas for products. * Ego Most inventors of products have big ego's that are only satisfied by the "creative process," from invention to production. * Difficulty Hardship in terms of effort required to do any work or activity is a rich source of new ideas for products. * Scarcity Shortages of necessities and luxuries very often give rise to new ways and products to overcome the shortages. Product Development Products can be developed in one of two ways : * Product Centric Approach This is where the idea and the product are the drivers of the process. Prototypes and initial production runs are completed before research to find out whether or not the product has a chance of commercial success. * Market Centric Approach In this approach the Market is the driver. It focuses on identifying clear market needs and then finding very specific products to satisfy those needs. With this approach you know your product will succeed before you commit money to the production process. The Research The two main purposes of research are : * Technical Viability In this step you analyse the process and cost of manufacture. The aim is to find an answer to the question - Can the product be made in commercial quantities for reasonable cost ? * Commercial Viability This step determines the likelihood of commercial success when the product hits the shelves. You determine how much competitor products sell for and the expected return on investment. A Practical Exercise In Creating Your Own Product Step #1 - Developing NEEDS Decide on which NEEDS you want to create a product for. For this exercise we will use Difficulty. Step #2a - Idea Development Using a Market Centric Approach : Using a directory of Internet Newsgroups join a few groups and lurk. Understand the group's purpose and etiquette, and when you feel comfortable post a simple question. For instance : => Hi Forum I am doing some research and would like to know what is the single biggest difficulty you have with x ? Name Hi Forum I have an idea to resolve difficulty x. Would this be of interest to you ? If so what specific features you like to see in the solution to x ? Name Market Research Techniques and Resources www.sbaonline.sba.gov/starting_business/marketing/basics.html Set up an affiliate program - Simply Easier Marketing Part 1
Traffic and Op't-In Lists - Simply Easier Marketing Part 2
For an e-book on creating specific Info products and a report on Market Research Before Building Your Products - send a blank mail to
(c) 2004 Charles Kangethe Royalty Free Coaching Products. - Keep 100% of the profits by selling your own royalty free coaching products! Starting A Child Daycare. - Complete business package to help you easily and quickly start your own profitable home-based day care business! Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 |
More Articles:1. Website Marketer's Enemy No. 1 By Michael Cheney There comes a time in your efforts to market your website that you realise that it's no longer enough to tell your family and friends to visit your website - you need to get some people who will pay you in cash rather than compliments. You need to start approaching other website owners and start building an online network of contacts.This is a crucial step to achieving online success. I once read a quote that applied at the time to conventional 'bricks and mortar' businesses but it just as p… 2. Marketing Automation For Small Businesses And Web Entrepreneurs By Abe Cherian Many Internet marketers wonder how they spend less time marketing their website so they can focus on delighting their clients and developing better marketing strategies to improve sales.They often ask:How can I be efficient as possible so that I don't waste time and money?How can I spend less time on activities so that I don't like (e.g. marketing and sales) and more time on activities I love. (e,g. delighting customers, improving sales materials and products)?Every time I get busy with client… 3. A New Paradigm Shift in Wealth Creation By Daegan Smith Creating and amassing wealth is more than just a necessity. For centuries, the practice of climbing the ladder to richness has led to wars, influenced literature, and shaped cultures. Whether wealth comes in the form of money or food, all civilizations have pursued it.The system of wealth creation is based on the current worldview, which in turn is based on the way science is studied and perceived. Most people will not be aware of existing paradigms of wealth creation. They will be too busy ac… 4. Leveraged Information = MORE Website Traffic By Mark Smock If leveraging unique or proprietary information is one of your fundamental strategies to increase unique visitor traffic to your web based business then it is important to understand seven fundamental information perspectives you can use to give your company the edge it needs to effectively compete in the marketplace.As the internet continues to evolve and become more competitive, the dependency of the quality of the information you provide via your website becomes more critical to market nich… |
||||
