Business Ideas and 4 Steps to Make it Profitable

In a few words, we can summarize all about becoming profitable with your business ideas within four very easy stages. Understanding. Preparation. Do it Now. Sell it. There are no simple way to making money with your ideas for a business. Let’s put it this way. If you’re seeking a bypass that you can use to materializing any top business idea online, you may desire to ignore this article. But in order to commence making money from your online business, there are A lot of things to be done. The best thing Is for you to hold on to your day job (if you still have one) and take all four stage we Advise here and THEN you quit your day job.


Research the business. That’s the first thing you should do if you are really serious about launching any of the top business ideas online these days. Starting the new online business is not Hard at all. In fact, it is relatively Simple and needs little funding. Do your homework; take a look at what your competitors are doing. See how successful they are, adopt their Strong points and ignore their bad ones. Define your services or products by Studying on the Possibility of being profitable in your business. Remember, following profitable business ideas is a Career, not a part-time job. Even if you’re still under employment,

You’ll still need to understand all there is to understand about your business ideas, environment and firm. No two ways about it.


Next, you need to write business plan with your online business. Even if you don’t have all correct now, write about your new supposedly profitable business ideas, you’ll find that the cloud of uncertainty will commence brightening up When you write your business plan. It’s when you’re sitting there, writing, preparing and planning your online business that the jigsaw starts floating into place automatically. Then you will make promote judgment that when follows can give you top business ideas.

Don’t just mimic other people’s business plans. That’s one large mistake you should ignore. If you desire your work at home online business to succeed, come up with your own business plan. This is the only way to go. You can use software or programs to help you write your business plan, but you don’t mimick other people’s plans. To make a business plan for your profitable business ideas the plan should add information about possible expenditures, revenues, advertising, promotional campaigns, projection of profit.. Etc. There typically isn’t much in the way of legal documentation to be done for an online business idea. But before you commence working at it, you should check With a lawyer or a friend who is running a profitable business to make sure your ideas are not flouting any rules.

Do it Now

I must say that this has to be the hardest stage of all. Getting your Online business ideas off the ground. Deciding on and registering the domain name, hosting firm, designing the website, setting up the merchant accounts, shopping carts, uploading all the pages and images, checking links etc. Time consuming but at the end of the day, when all works out and your business ideas turn profitable, there is a outstanding level of satisfaction believing that doing all that enables you to stick to you ideas for a business till it becomes profitable.

Sell it

Now that the business is all set to receive orders and you’re all geared up about your new potentially profitable business, it’s time to commence marketing the products and services. Bear in mind that no matter how strong your ideas for a business are, it is useless if it doesn’t make money. Find ways to advertise online and offline, tie-up With partners and affiliates, get others to help you promote your ideas, use autoresponders, set up your ezine, write copies, give and take links with other websites, join forums, take part in groups related to your business etc. All in the name of selling with lots of Endurance and persistence, being profitable from your own business ideas online could be as simple and smooth as you desire it to be. Just keep your view and Goal. And don’t forget, nothing occurs overnight, so, be patient and persist, and surely do not give up.

Business Ideas: Your Plan and Business Actions

Have you ever wondered how you get your business ideas, and plans, into action and make progress with your dream business?

Your business ideas need clarity in what you want and where you are going.

I think we’d all love to wake up in the morning feeling invigorated and excited to greet the day because we have a business that is fulfilling and adds meaning to the lives of others, as we help solve their problems.

Begin today, write down your business ideas…

Where is this journey taking you? Your business ideas can take you on a fun adventure – when you know where you want to go and know the steps you need to put into place to get there.

  • Having vision and a mission for your business to use in setting your goals and objectives – will help you keep clear and focused.

Successful people understand the importance of planning in their lives. If I were driving from Texas to California, I would need to have a strategy – a plan.

This is how I used to think, ‘Well, of course, that makes sense, I know what my plan and goals are for my business ideas – I don’t need the tasks of writing this down! It just uses up time and feels like I am procrastinating in getting started on the real work.’

  • I was procrastinating by not writing out my business vision, plan and goals!

I often hear – “I want a better life!”

Great, what do you do next?

  • According to Lee Iacocca, the former President of Ford Motor Corporation and Chairman of Chrysler Corporation, “The discipline of writing something down is the first step toward making it happen.”

Support your vision, and your business ideas, and make a plan on what you want to bring into your business (and life). Write it down and stay focused on your end goal (your vision) at all times.

  • Don’t have time, or even the mental energy to do this? So…

How do you free up your time and move forward?

Put your business ideas into a strategy, and then into action. When you write a business plan, it is enlightening and brings clarity to your thoughts on paper. And, your written plan is a guide to refer back to, often.

  • You will get your direction and focus on where your business is heading and where you want to go with your business.
  • Based on your plan, you can take small action steps to get clearer, and get focused on what to do next.
  • You will be able to create a business plan that is truly aligned with who you are.
  • You will start to understand how you can make a bigger difference in the world with your gifts.

So what are your business ideas, your business plan?

You really don’t need to feel overwhelmed.

Your strategies will form and the tactics will come from your vision and your plan, as you get clear. Writing out your business ideas, your vision, and your plan to make it happen will help you get clarity..

You will grow and understand where to focus your energy to maximize your results – and learn what you can clear off your plate so you are moving towards your dream business.

The Business Idea Merit Test

A business idea is merely a thought or concept that has not yet materialized. They are a dime a dozen, and almost everyone has conceived a product or service idea. Your idea only has merit if it adds value or solves a problem for the intended consumer without too many limitations or disadvantages. The window of opportunity has to be right by providing something beneficial that is currently not offered by direct and indirect competitors. And you must also be willing to modify it if necessary.

The Purpose of Idea Merit Test

Before your begin developing a business plan for your new idea, conduct a brief idea merit test survey. Describe your business concept on a piece of paper to show to potential consumers, and then ask them to complete a simple one-page survey to determine their interest in the product and gain additional feedback. This can help you determine if your idea has merit, and you can use the feedback to strengthen your original product or service idea.

The Idea Merit Test Questions

After you describe your product of service idea on a sheet of paper, ask 10-15 people in your potential target market to complete a short survey. The survey contains ten questions. The first seven components use an easy-to-use Likert scale as follows:

0 = Non-existent

1 = Minor degree

2 = Moderate degree, but somewhat vague

3 = Moderate degree, but quite clear

4 = Major degree

5 = Extreme degree

To what degree does this business idea:

___ 1. add value or help solve a problem for me?

___ 2. provide immediate benefits to me?

___ 3. provide delayed benefits to me?

___ 4. have limitations?

___ 5. have disadvantages?

___ 6. appear to be alterable or modifiable?

___ 7. offer me something I would consider buying today?

The last three questions allow for feedback to help you improve on the idea:

8. Would you purchase this product?

___ Yes

___ Maybe

___ No

If ‘yes’ or ‘maybe’, how much would you pay? ___________

9. What do you like most about this business idea?

10. If you could make improvements to the idea, what would they be?

Further Information on Each Survey Question

1) Value: People do not purchase products and services. They buy solutions to their problems and things that add value to their lives. So, if they do not see the value in your idea, it will be apparent in the cumulation of your responses.

2) Immediate Benefits: Most people want to realize instant benefits upon a new purchase. People tend to place more value on immediate consequences than on delayed consequences.

3) Delayed Benefits: Some products or services may not provide immediate benefits to the user; however, the value created or problem solved is realized weeks, months, or even further down the line, such as financial investments.

4) Limitations: Limitations are the positive things your product or service cannot perform or that others can do better, and no product or service is without limitations.

5) Disadvantages: Limitations are positive things your product or service is unable to perform. Disadvantages are negative things that occur as a result of using your product or service. Disadvantages do not necessarily kill the idea, however, the benefits must clearly outweigh the costs.

6) Modifications: Based upon the limitations and disadvantages, your respondents may have ideas for modifications. This will become more apparent in question #10.

7) Window of Opportunity: Are people in the right mindset and is this the right timing for your idea now? The ATM machine and its counterpart the ATM card gained popularity in the mid-1990s. What few people know is that the ATM was invented in 1939. However, in 1939, people were simply not ready to allow a machine to handle their money instead of a person. The window of opportunity for this idea was several decades away.

8. Willingness to Buy: This taps more into question #7 by asking them directly if they would buy it or not, and also how much they would be willing to pay. This information is key before developing a business plan.

9: What They Like Most: This simply offers you insight into the best part(s) of your idea. Hopefully, people will leave good comments in this section for you to build upon.

10. Improvements: This provides feedback on what they do not like about the idea or what they would like to see changed. Do not view this as negative feedback. Instead, use their suggestions to make your idea better and stronger.


Many nascent entrepreneurs believe the first step to launching a new venture is writing the business plan. A business plan is a blueprint for execution. You should not spend any time, energy, or other resources writing the plan until you are sure your idea has merit. A quick and easy idea merit survey is a good tool to use.