How to Turn Ideas Into Money
Do you have a “million-dollar idea” for a product or service that could change people’s lives but it’s just sitting around in your brain doing nothing?
Just don’t know where to start?… or do you think that creating it is too hard?
iPhones didn’t build themselves. Steve Jobs and his team worked hard to produce and market the revolutionary mobile phone.
Turning your idea into money will take work too, but it is something that you CAN do. So let’s get working!
Here is a short, step-by-step process which you can follow to turn your ideas into money!
The “Brain Dump”
Take out a pad of paper and start dumping everything about the product or your idea onto the page – no matter how “off the wall” they might seem.
Don’t worry about keeping it fancy or organized right now, just get it on paper where you can look at it.
Use as much time and as much paper as you need. As you perform this step the product will start to grow as new features or benefits you could provide start springing into your mind.
Don’t feel shy about letting the scope of your product grow – whatever the mind can conceive and believe, it can achieve.
Outlining or Prototyping
Is your product a book or other type of info product?
Now is the time to make a broad outline of the material.
For instance you could just write out possible chapter names, then arrange those chapter names into a logical order, then write down a few sentences under each name about what that chapter will cover.
We aren’t worried about details yet so don’t get too worried if your book looks a little thin.
If you are creating a new service, imagine yourself as a customer of that service.
Then write down how you see yourself utilizing your service.
Imagine the difficulties your customers might encounter and how you can shape your service to avoid those difficulties.
Now is the time for research.
Gather all the source material you can find. Examine products or services that are similar to yours and look for ways to improve upon them.
Here is where you will determine how to make your product unique so that it will stand out from your competitors.
Now that you have a good idea of what your product is or does and how it compares to others on the market it’s time to decide whether to go ahead with it or not.
If you feel that you can bring something new and unique to the world, then go for it and don’t look back.
If you have to spend a lot of time trying to convince yourself that your idea is a good one, then go back to step one and look for a way to make your product stand out.
But don’t think about it and fret over it too much being perfect – don’t get trapped by “analysis paralysis”. Remember good enough is good enough.
There will always be room for improvement.
Why do you think WordPress make a new version of their software every week or so?
Making it Real
Stay focused, set realistic goals, and don’t give up.
Do something every day toward making your finished product, even if it’s only a few minutes, do SOMETHING.
The worst thing you can do is nothing.
Before you know it, you’ll be making very good progress and your idea will become a reality.
Tell the World
You’ve created a new product or service that helps people and you feel good about it.
Don’t stick it in a closet, go out and shout from the rooftops.
Create a web page, share it with your Facebook friends, add it to your forum and email signatures, spread the word anyway you can.
There are a million ways to promote a new product, it really only depends on your budget and (or) creativity.
Some common ways to promote an online product or service is with an affiliate program, viral marketing. If your product is good, it won’t take much for affiliates and happy customers to spread the word.
Yes I know this is a very simplified version, but overall that’s what it takes to turn your ideas into money makers.
It’s the same basic plan that’s been used by everyone who has ever created something new and different.
p.s. Did I make it TOO simple? Are there steps that you feel should have been included? How do you go about turning your ideas into money? Let me know in the comments.