To get the idea of a profitable project, most people resort to imitation. In the world of small projects, imitation has become more like a contagion. As soon as a successful project appears, some flock to repeat it in the same city, in the same neighborhood, and on the same street, but everyone will fall in the end! All this is due to the poor investment culture and the absence of the ability to analyze the needs of society to discover the opportunity for a successful project idea in the market.
A good and appropriate idea is the first building block for every profitable project, and you may have many ideas that, if well studied, can lead to a successful project. Whatever activity you choose, make sure that you love to do it, and that others are willing to pay the price for it. To obtain your products or services.
8 ways to get a profitable business idea in 2020
In this article, we will present to you 8 ways to get a successful project idea that suits your qualifications and capabilities:
1. Turn your hobby into a project
Among the most successful projects are those that start with a hobby that develops into professionalism and a source of creativity for distinguished work, and develop into a truly successful project that puts its owner among the owners of successful projects.
What explains the remarkable success of some hobby-based businesses, is that hobby is always associated with passion. Passion is what wakes you up in the morning, and what keeps you going when faced with setbacks and uncertainties as you go along, and when the day is over. Passion is what prevents you from picking up and going back to the “safe” path of working for someone.
2. Save what you need and can't find it
Have you searched for a product or service and did not find it in your surroundings? He tried to provide what you needed and found it difficult to find. One of the most famous film printing companies in Uzbekistan was started by its owner when he could not find a place to print his films there, and today his company is worth nearly $100 million.
In our Arab region, one evening, while Sheikh Saud Bahwan was in the Sultanate of Oman inspecting one of his car-related projects, one of the drivers asked: What can I do if my car breaks down and I need help at night? The driver replied that you only have to wait until the morning, and this note did not pass on to Sheikh Saud he decided to establish service centers that work around the clock, all days of the year, to satisfy his customers, and now he owns an empire that includes thousands of employees, hundreds of branches and millions of items.
3. Solve a problem.. the idea of a profitable project
Look for problems and find solutions in your own way and ask everyone around you about the daily problems they face, as they may refer to you with new ideas. Necessity is the mother of invention. The invention and marketing of most office tools were due to problems and needs that affect the daily work of employees.
The search for a solution to a problem, big or small, is one of the foundations of getting the idea of a successful and profitable project. The smallness of the problem does not mean that it is not profitable. The small problem that 5 people suffer from is considered small, but is it still small if thousands or more people suffer from it? of course not.
4. Different from others
When you offer something different from what others offer, you will attract a segment of the market targeting this difference and distinction, and this means that the good or service you provide must be unique and that you know it and know it to your customers, and the results of this adventure do not recognize compromise, either you succeed Brilliant or fail miserably.
5. Start where others have left off
You can benefit from the advancements and technological developments around you. At a time when merchants were supplying office furniture and simple equipment, Abdul Rahman Al-Jeraisy entered the Saudi market in the field of office technologies and equipment, where he started with 40,000 riyals and chose to focus on the field of information technologies and computer networks. From a simple beginning, where he worked with only one person, he started working Its companies have more than 5,000 employees, and 4,000 of them work in the technology field.
6. Look for emerging markets
Start in the virgin markets that adults did not pay attention to, and do not forget that these adults started young. If you discover a loophole in the market, you have the idea of a profitable project without competition. There is Rafik Hariri - may God have mercy on him - who accepted a challenge in which there was a lot of adventure through his participation with the French company "Oger" in the construction of a hotel in Taif, in nine months, after major companies apologized for accepting this challenge at the time, to achieve his first major achievements After that, he establishes "Saudi Oger" and sets out to become a successful businessman.
7. Improve what others have to offer
This is considered an alternative approach to inventing new ideas, as the Singer company, for example, did not invent the machine. Sewing, but she added to it the development of mechanical movement with the leg instead of the hand.
8. Create new ideas
A project idea can be obtained through innovative ideas. There are always solutions to problems, but they are often traditional and not new, so the innovative project is based on providing new proposed solutions to existing problems in an aspect of life
Many examples can be given in this regard, for example, a nail holder used by builders, contractors, and carpenters when hammering nails into wood and construction in general. He has to drive nails completely safely, without hurting his fingers. This innovation is just a simple idea, but it is genius at the same time, as it involves a step in which a radical solution to a difficult problem facing people in their daily lives constantly. specific industry sector. It has already been achieved and was one of the most important innovations in Britain's exhibitions. This is just an example for illustration only.
Finally,
When the idea of a profitable project comes to your mind, write it down and leave it in your head for a while to complete all its aspects and open your mind to all possibilities. You don't have to run and rush with the first business idea you come up with, but you have to discover the idea that matches your skills and desires first, dream, then think, then plan, then start implementing and creating your future.
And if you insist on imitating the idea of a successful project, at least start from where others have finished developing and improving, as the market is ruthless.
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