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?

Maybe both?

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!

Light Bulb Idea

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.

Gathering Resources

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.

Reality Check

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

Get to work. It’s that simple.By now you should know what you have to do.Money

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.

Conclusion

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.

Stuart StirlingStu Sensei Stirling

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.

7 Tips For Staying Creative

Ever feel like your creativity has gone out the window and wondering when/if it will ever come back again?

For entrepreneurs, it’s necessary to keep creativity levels high. As we are all one-man shows for the most part, we have to think and make the executive decisions on what product to create next or how to promote this affiliate offer etc, all by ourselves – or at least it feels that way most of the time.

Wouldn’t it be great if you could give yourself an instant boosts of creativity just like pressing the nitro button in a video game? Well, there is no switch for creativity button, but I’d like to share a few tips for keeping your creativity levels high.

Optimize Your Work Place

If you work from home on your internet business, your work space is probably in the corner of the living room with the TV in the other corner and your wife around the corner bugging you to take out the trash. It’s hard to get creative and just plain get work done in a room with distractions. Another idea could be to put up a poster with inspirational quotes.

Borrow Ideas

When you run out of ideas, just go and do some undercover spying to see what others are doing and borrow their ideas. For example when you can’t think of a good topic for your next blog post, go take a look at what your favorite blogger is writing about and some ideas will come to you. Don’t copy, just borrow ideas.

Mix Things Up

Monotony is the biggest killer of creativity. When we do the same thing over and over everyday, we get too lazy to think of new things. Do something random! Play some music really loud and jump up and down on your bed. Make a prank call to your local pizza shop! Go outside and so some somersaults in the yard. It doesn’t have to be so outrageous, but do something out of the norm to keep things interesting.

Join A Mastermind Group

I mentioned earlier in the post that as entrepreneurs, it seems like we have to do everything ourselves – but if we do, it’s easy to burnout – and that includes thinking up ideas. Talking with and bouncing around ideas with other like-minded marketers is a great way to come up with new ideas and keep the fire going. There are many times after a good chat session when I have felt really pumped with mind-energy to go out and press forward in my business.

Listen Or Read Inspirational Material

Similar to chatting with mentors or peers in a mastermind, listening to or reading good inspirational material is a great way to boost your inspiration. Hearing success stories from others in your field is a great confidence booster. Some of my favorite speakers are Zig Ziglar, Gary Halbert and Robert Kiyosaki.

Take a Break

Have you ever heard about the guy that got his million dollar idea on the toilet seat? I don’t doubt it! Like I mentioned about mixing it up, taking a break let’s your mind relax and makes space for new thoughts to enter. I myself have had several “strokes of genius” when I’ve been away from the PC. When you’re searching for inspiration, how about go for a walk or listen to some music?

Keep Up The Momentum

This is key! When you’re on a roll with coming up with new ideas and getting a lot of work done, it’s easy to keep it going. Keep going – and actually, as you keep going, new ideas will present themselves as you work more. Take note of any new ideas on a notepad next to you as you work on one thing. Finish what you’re doing and come back to your list of ideas. You can use this list when you think you have run out of ideas again.

To your success,
Stuart Stirling

p.s. What do you do to stay creative?