There are many women that want to start a new business and be their own boss but don’t have an original idea to profit from. It’s okay. In fact, most businesses aren’t started based on an original concept.
Your business may be focused on improving or finding ways to create a less expensive version of an existing product. Or maybe you have skills you haven’t explored that can open the door for you to start a service based business.
The list is endless and we’re giving you a few tips to help you get started.
Having a successful business is not always about selling a product. Skills are very saleable. Take the time to make a list of all the skills you have. Consider what you’ve learned in school, and through work and life experience. Writing it down will help you to think through everything you know how to do. As you make your list, consider which skills are marketable and can make you money.
You don’t always have to be the one that created the product to profit from it. Consider drop shipping, reselling, or consignment ideas. The goal is to be able to resell products or goods and make a product serving as the middle man.
Think outside the box and look for ways to improve the lives of others. For example, think about things that could make life easier for homeowners. When you’re in the kitchen, ask yourself what would make your experience easier. Always be on the lookout for what’s missing, what could make things easier, or what could solve a problem.
Solving problems is the best way to come up with new product ideas. Just be sure to do your due diligence before you get too excited. You’ll want to be sure that no one else has already created the product that you’re brainstorming. For example, if you think your idea of creating PVC and stainless steel valves for stopping oil, you’ll be disappointed to know that they’re already on the market. But that doesn’t mean that you couldn’t find a way to improve their performance or uses… always be thinking outside the box.
If you’re still stumped for an idea, talk to other people. You may be surprised how many women have business ideas but have no desire to actually start a business. For example, a senior citizen may be able to tell you about a product they wish they had, that you never would have thought of on your own. Be observant and ask questions, you never know where the next million dollar idea is going to come from.