How To Get An Idea
So you want to become an entrepreneur and are intrigued by the supposed "freedom" it allows you. First, read my other post, Dreams, and if you're still convinced, then keep reading. Now, you just need to figure out an appropriate idea that you can exploit profitably. The few steps below will show you how to do just that.
The Idea
- First you need to pick an industry or a field. This shouldn't be too difficult because it should be an area you're already passionate about (e.g., Apple products, fashion, music, etc).
- Then, immerse yourself in this area. Find the most relevant blog posts, comment on them, and start tweeting about it. Join a few of the most popular Facebook fan pages and take notice of the strategies and conversations taking place.
- Next, you need to start expanding your knowledge from the most popular sites, blogs, and fan pages to the more obscure yet still highly touted experts in the area. If you're not following at least 50 blogs and 100 twitters in your specific niche area, and reading most of the information, then you're not fully immersed yet.
- By now you should be auto-magically identifying shortfalls, holes, and gaps in the industry. These areas will soon become your playground because you've just found the un-tapped niches containing no competition.
- Now all you have to do is find the one that most appeals to you and you believe you can create an impact in.
- The rest is just details and execution.
