List of Online Business IDEAS for Beginners
Here’s the most liberating part of coming up with business ideas: You have permission to suck.
There are no bad ideas, especially in the beginning.Losers wait for the perfect business idea to fall from the sky. Winners start somewhere, then improve the idea bit by bit. Tweet This
For example, a few years back, I was certain my readers wanted a product on healthcare. After all, I’m an educated guy and I had trouble figuring out what health insurance to use!
We spent over $50, 000 building a product, beta testing it with students, even writing copy for a launch.
But after all that testing, we realized that nobody cared. We learned that while people love to complain about healthcare, few want to do anything about it.
This taught us a very expensive lesson: Test your business idea BEFORE you create a product, and you virtually guarantee it will be profitable.
Since then, we’ve developed a system to help you quickly identify bad ideas so you can avoid some of the costly mistakes that we’ve made.
It all starts with this simple realization: You have permission to come up with ideas that suck.
Once you’ve internalized this idea, you’re ready to move on to step two.
It’s relatively easy to sit and come up with a list of random ideas. But without the right framework, you can’t tell if these ideas will ever hold any weight.
That’s why we use this simple exercise to get the ball rolling.
The first part of this exercise to generate online business ideas is to ask yourself 4 questions.
Question #1: What do I already pay for?
But when you think about it, we already pay other people for tons of random stuff.
For example, maybe you pay someone to:
- Clean your apartment
- Change the oil in your car
- Make your dinner
When you start to make your list, you’ll quickly see that you pay other people every day.
That’s why I start with this question. It opens your mind to what’s possible.
So take a second — right now — and think of about 3-5 things that you already pay for. Write them down on a sheet of paper and move on to the next question.
Question #2: What skills do I have?
What are you great at? Write those things down.