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Best Ways to Generate Good Business Ideas

Often, the best way to generate a great business idea is to take an existing market and find an opportunity to fill that gap. Airbnb, for example, was born out of an idea to earn some extra money, and has grown into a giant in the hospitality industry. Often, quantity is superior to quality. It is ideal to write down at least 30 to 50 ideas, but don’t analyze them too much. Ideally, you should generate ideas that are not necessarily good, but are viable.

Another way to get good ideas is to research your target market. Often, an idea for a business can be generated simply by thinking about what people are looking for in their daily lives. For example, if you have trouble finding a taxi, you could offer to pick them up. If the cab driver is cheap and doesn’t know where to go, consider offering a ride for a fee. In this way, you’ll have an idea for an innovative product.

If you’re a photographer, you can create a website for local weddings and sell the photos online. If you’re a writer, you can also create a website for copywriting swipe files. Creating a new product is also an excellent way to generate business ideas. You could even combine two different types of products to create a new product or service. The next time you’re considering starting a business, think about how it will make money.

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