John Hurd’s latest ‘e-Wealth Daily’ article is titled “The Money Equation; No Math Involved”. [John Hurd’s Article]


John Hurd’s latest ‘e-Wealth Daily’ article:

The Money Equation; No Math Involved

Friends and colleagues often ask me about how they could determine if their idea will be a big moneymaker.

Unfortunately, there isn’t a mathematical equation that will quickly answer that question. However, there is one common factor that all winning ideas have. This common factor could
help you decide if your idea could be the next huge success story.

You see, the best big ideas turn into financial winners because they solve a very specific problem.

Rarely do new ideas solve a problem no one knew needed fixing, although that can happen. What usually happens is that big ideas solve existing problems and focus first on just that
one problem.

For proof, you can just take a quick look around your home. There are probably plenty of items that you use every single day that might not have existed until recently. Brooms have been around for centuries, but static-cling cleaning sheets, such as the “Swiffer” brand, have only been around for a few years. Brooms work just fine, but there was a need for something that
worked faster, and static-cling sheets satisfied that need.

Your solution to a problem should also be unique. However, it doesn’t have to be completely original. It’s rare to come up with something that no one has ever thought of before. So your
idea should be something that uniquely and creatively solves a problem.

For example, consider the often-used adage, “the best thing since sliced bread.” The inventor of packaged, sliced bread didn’t invent bread, nor did he invent knives and slicing. He
simply brought these two existing ideas together and the end result created something people wanted. This goes to show you that there is probably an unlimited number of big ideas
just waiting to be discovered.

Finally, you want to evaluate whether your solution to this problem has longevity. Are you solving a fad problem that may not even exist in a year or two? Fads and trends can be tricky to
determine. Some may turn into lasting products that replace the standard in their industry. Others may disappear as quickly as they appeared, as they lose their relevance or their cool.

By thinking ahead and learning everything you can about the problem your idea may solve, you’ll be in a position that could help you identify whether or not it will be a success.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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