According to a study of more than 5,000 people, the biggest obstacle to making more money is to find the right business idea. You want to make money, but is it bothering you that you don’t have an idea or have too many ideas and don’t know where to start? Then you’re in the right place. This article is for you.
Finding a business idea to make more money
Working freelance is one of the easiest ways to make more money. People living in the imagination dream of earning income from work. However, if you are serious about making money, you have to work actively.
The easiest way to make extra money is to start a freelance business. To do this, you need to evaluate your skills and convert them directly into income. Because, getting started is almost cost free and you can start making money in a short time.
People are concerned about time, but this is not an excuse not to do anything. Have you heard successful people say (I have to work hard to make money and I’m not sure if I want it)? Of course not. When you do additional work, you can control how much time you spend. There are proven ways to minimize the time you spend. In this way, you can achieve your goals. It is also extremely fun to make extra money.
Just like flirting, you will experience repeated failures as you try to match your skills and market needs. Read the sentence again about repeated failures. This is the most important element to keep in mind when thinking about money-saving ideas.
What are your real skills and how can you turn them into something people pay for? For example, you are the project manager, sales manager or translator. How can you turn what you know into $ 40 per month, $ 80 per month, or even $ 200 per month?
Finding the right business idea is the process of quickly uncovering, testing, and developing a range of ideas. That’s why some people whine, but you can do it.
A lot of people are wasting time on things that won’t even bring a dollar. But, if your goal is to earn at least $ 200 per month, don’t waste time with:
Really good offers, jobs that offer easy way to earn money. They cause a lot of people to fail, and they think why they still don’t make money, even though they’ve done everything they can.
In fact, this kind of work will cause you to get away from what should be done. What you need to do is identify potential customers’ needs, talk to them and validate your ideas.
Become a freelancer
Making money as a freelancer is not as easy as 1-2-3 step lists. But we have good news: because it is challenging, the awards are just as extraordinary. 90% of ordinary people will stop reading at this step and the rest of the lion’s share will be collected.
We warn you, if you expect this to be easy, you don’t need to read the rest of the article.
If you’re looking for guaranteed ideas that you can tailor to your situation, stop reading.
But if you want to improve and change your financial situation, then we can help you.
So, let’s start by studying your skills and finding the $ 200 idea.
No more (analysis paralysis).
There are two things people get into trouble finding ideas:
- They can’t find any ideas
- They have a lot of ideas and don’t know where to start
(I have no business idea)
This is a common thought. Here’s the hint: most people just think of themselves and how much they will pay. And many people think that others can’t pay because their situation is not good.
Wrong: go to a mall or grocery store. People pay 5 times more than organic products. They pay more than $ 900 for strange looking works of art. And they’re taking the money out of their children and their pets.
People spend money for value (Apple). There are people who spend money for comfort (cleaner). People spend money to lose weight (gym).
- The question is: what can you offer them to spend money on? And how can you find it?
- (I have a lot of business ideas and I’m confused)
- Having a lot of business ideas is as bad as having no ideas.
You spend all day trying to find ideas to make more money. Maybe, you can be a cook. You can develop iPhone applications. How about the website? Maybe you can teach music. You were paralyzed by analysis while trying to find the perfect freelance business idea and you froze in the first step.
Even if you survive analysis paralysis, you can spend a lot of time trying to create the idea. There are time-consuming planning processes such as naming the idea, designing business cards, opening a website, and how to explain it to your surroundings. But you forgot the most important part: do you have a target audience to spend money on what you offer? After all, it is easy to give up, get tired and overwhelm.
As in the dating world, you may not find the right job the first time, the second time and even the fifth time. Most people give up at this point. Instead, we recommend creating an idea creation system to test, measure and correct.
The right freelance business idea should be evaluated according to 4 main criteria:
What is the right idea? There are thousands of right freelance business ideas, but each applicable idea needs to meet 4 main criteria:
1 – Skills
Your opinion should be compatible with your skills. Skills are concrete and countable skills that you learn at work, at school, or elsewhere. Stop fooling yourself. You have skills. Are you good at math? Can you play the musical instrument? Are you good at interior design? There are millions of features that we have but over time we start to miss them.
Examples of skills:
- Individual training
- Advertising sales
- Video editing
2 – Strengths
Your idea shows you where you’re best. Strengths are qualities that differentiate you from others. For example, there is someone who says he doesn’t like talking to customers. The strength of this person is to work at the computer. Great! Totally honest. Maybe you’re good at setting up systems or making complex ideas workable.
Examples of strengths:
- Adapt faster than others
- Managing multiple people and projects
- Making data suitable for processing
- Teaching other people new ideas
3 – Interests
Your idea must be compatible with what you are doing. Your interests are what you enjoy doing. What do you read or research in your free time? Magazines? Blogs? TV shows? What makes you wonder the most?
Examples of interests:
- Live music
- Online games
- Street fashion
4 – Sunday
You must have a real market. So, you should have people ready to pay you for your service. Please read this carefully because those who live in the dream world misunderstand. Skills, strengths, and related areas are important, but they are relatively easy because you can answer them in 5 minutes.
Do your potential customers have the ability and willingness to pay?
Nobody cares about your skills and interests. They only care about their own needs. Your market must have the ability and willingness to pay. And the market is really bad for some people and groups. Let’s take a look at these 3 examples.
For example, if your idea is to provide services to non-profit organizations, you should give up now. Non-profit organizations do not have the ability and willingness to pay.
If your goal is to sell video games to children, think again. They usually don’t have this ability even if they want to pay.
And one of the bad ideas that’s classic is making websites or marketing activities for shops, restaurants and businesses. Even if local businesses have the ability to pay, most don’t want to pay because small businesses often catch flies. For example, a cafe owner says I’m too busy to do marketing. Yes, this is unreasonable and stupid but true. Avoid markets where there are people who cannot afford to pay.
How do you know if there is a suitable market for your idea?
1 – Check the supply: is there someone else offering your service?
There are a lot of people who are depressed when they see that their idea is implemented by others. Competition causes them to give up. But it must be the opposite. This indicates that there is demand for what is presented and that is good news.
2 – Check the request: are there people who need your service?
So, have you seen job postings or job postings related to the service you intend to offer? In newspapers or job search engines? These indicate that your idea is in demand.
You must approve the request of your opinion. For example, you will carry out marketing activities for local restaurants. If there is no demand, there is no job.
Should you pursue your passion or income goals?
People like to talk about their passions. You must be passionate about your work. Travel the world for passion. So, be a passionate lover. Passionately eat your meals.
Passion is a masterful emotion. It won’t occur unless you work. Someone who says I have a lot of passion, I mean I have a lot of superficial interests. There are people who have a lot of passion but do nothing and wait for the magical idea to come.
Choose an idea and start testing. If it doesn’t work, your system will let you get used to another idea. Trust me, the moment you start to dominate your passion will increase.
Your idea of a freelance business doesn’t have to be compatible with what you do. Your business may reveal your best skills and strengths but may not address your interests. Although your side job is different from your regular job, both should have similar skill sets and strengths. Integrating skills, strengths and interests to gain is not a stereotypical formula. It is a process that requires intelligence and guidance.
Transfer your business skills
For example, you’re a horse trainer. A unique job. You have skills working with animals. However, because you are also an expert in behavioral changes, many academic laboratories and companies may want to work with you. You can teach children or arrange summer camps. You can even give toilet training to people’s cats.
However, this requires a change of mindset. You shouldn’t expect anything to come in front of you. Question your assumptions aggressively. So, test your assumptions to see what you are interested in, and more importantly, what the market is interested in and what it is spending.
I have no idea or have a lot of ideas; his words are left behind. Ask yourself: What do I enjoy? What am I good at? How do I position myself?
There are a lot of skills that can be cashed. That’s where you go, finding a $ 200 freelance business idea isn’t a flash of lightning in your mind at night. So, think carefully about your full-time job-related or irrelevant skills. You need to match these skills with your strengths and interests, and then test the market to find people to pay.