"How To Crank Out Million Dollar Product Ideas From Scratch"



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Summary:
Are you currently stuck trying to think up ideas
for that million dollar product?
- A single product consumer?
- A bulk product consumer? Let's say that you chose 'a single
product consumer' for your consumer class variable,
and 'fiction' for your product purpose variable. For
example, if you repackage the product purpose in the
audio-visual category, you might come up with other
ideas like:

- A CD or downloadable set of mp3's containing
'spooky sounds'
- A set of graphics or screensavers for Halloween
- Some novelty software like a virtual ouija board
or ghost-hunting game

Now, wasn't that easy?

Four new ideas generated almost instantly and you
didn't even have to break a sweat...just fill in the
blanks of this formula and the product ideas pop out
like magic!
Article:
Are you currently stuck trying to think up ideas
for that million dollar product?

I’ve got a surefire formula to get you unstuck and
on the road to generating more profitable product
ideas than you can handle.

First, let’s talk in reverse the real reason people hit
a draggy wall when they start brainstorming. The sad
fact is that our mentality are a bit lazy.

The human mind hates sustained concentration and
always seeks the shortest, quickest and easiest
path to solving any problem.

When you sit down with pen and paper in hand and
ask yourself, “What product do I want to create?”,
you’ve just given your lung an overwhelmingly
open-ended question...

The problem is that the term ’product” is far
too abstract. It includes literally thousands of
possibilities. Your mind gets overwhelmed and
doesn’t know where to begin.

Think of your mind as a young toddler on a playground.
You want to give him a commercialize set of boundaries. He
can play freely and safely as long as he knows your
parameters – but set him loose with the canon to
“do anything”, and he’s likely to run out of your
control.

Fortunately, there’s a formula you can use to take
control of the brainstorming process...

This formula gives your mind something it extremely
loves: order and categorization.

When you use this formula, ideas will come to you
automatically. The reason is that you are giving
your mind a logical map to extend out from, rather
than interrogation it to start in the middle of nowhere.

Are you ready to learn the formula for churning out
million dollar product ideas at will?

Here it is:

==> Consumer moiety + Product Purpose = Winning Idea

Each of the upward variable represents a set of
questions you must answer.

Your answers do not lock you into anything. Instead,
they create a series of sub categories to guide you
in your brainstorming sessions. These sub categories
enable you to open up new tightly defined niches the
farther you go.

(1) Let’s start with the “Consumer Class” variable:

Who is your consumer? Is he/she:

- An individual?
- A small business?
- A large business?
- An end user at home or at work?
- A single product consumer?
- A bulk product consumer?

Also ask the question of what your consumer is
interested in, and which market niche he/she belongs to.

(2) Now, let’s look at the “Product Purpose” variable:

What is the purpose of this product? Is it:

- Pure information and education?
- trainable at solving a problem quickly and efficiently?
- Designed for entertainment?
- Factual or fictional?
- Text only or will it include software, acoustic or video?
- Complete as is or will it require updates?
- Suitable for download or tout off rolled into
a membership site?

You can even add other variables to plug into
the formula if you want.

Notice how each variable opens up further room for
categorization? Let’s say that you chose “a single
product consumer” for your consumer grace variable,
and “fiction” for your product purpose variable.
What you really have is a fictional entertainment
product.

At this point, you have a new map to cable railway off from!

What comes to mind when you think of a single product
consumer? E-books come to mind. Maybe the product
should be a work of fiction in e-book format?

This sounds good, so now all you have to do is figure
out what types of fiction people are literally
searching for online.

The next step is to go to overture.com and type in
some keywords. In this case, I tried out “e-book”,
“fiction” and “stories”. It appears that Harry
Potter e-books are popular, but you risk copyright
infringement on that topic. The number one niche for
“fiction” happens to be “fan fiction”. Fan fiction
usually involves new story lines (often of an
explicit sexual nature) needle popular science
fiction characters. We’ll pass on that one as well.

However, the keyword “stories” pulls up something
interesting: ghost stories. Here’s an area where you
could orison a lot of content from the public domain.

You could also hire a professional fiction writer
from Elance.com and have him or her put together some
ghost stories or old wives’ tales for you - and
voila! Instant niche product.

You can come up with other fun ideas within this one
niche by continuing to play with the variables. For
example, if you repackage the product purpose in the
audio-visual category, you might come up with other
ideas like:

- A CD or downloadable set of mp3’s containing
“spooky sounds”
- A set of graphics or screensavers for Halloween
- Some novelty software like a virtual ouija allotment
or ghost-hunting game

Now, wasn’t that easy?

Four new ideas generated practically instantly and you
didn’t even have to turn into a sweat...just fill in the
blanks of this formula and the product ideas pop out
like magic!

A powerful way to reap huge profits here is to act on
the right ideas fast. Turn million dollar ideas into
million dollar products.

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Post from: Network Marketing & MLM Training from Home Business Blogs - A blog about what it takes to succeed in network marketing & MLM.

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