Honestly, I don't really understand it when people say they have a hard time coming up with ideas. Ideas are all around you if you are willing to pay attention and look around. IMO ideas are easy, taking action is the hard part.
I tend to look outside of the tech sector and try to even stay away from things I am interested in. I have learned the hard and costly way that my interests don't make me money. I pay attention to un-sexy, niche markets or subsets of larger markets/products. A few markets I am currently tapped into are:
- Niche learning platform mainly advertised to homeschoolers
- Math tutoring
- Niche real estate product
- Roofers
I also run 2 ecommerce sites selling niche products. Products that are really not on anyone's radar because the volume isn't there and it isn't a huge market. I get 30 to 50 orders per month and net on average $200 per order, so it is a nice passive revenue stream.
I literally have pages of ideas jotted down that as time permits I will dig into more. Lots of ideas end up getting removed from the list after I do more research and see the market isn't right or that it will take too much time or money getting it going.
> Lots of ideas end up getting removed from the list after I do more research and see the market isn't right or that it will take too much time or money getting it going.
That's the rub right there. "Ideas" are easy. Viable ideas you can't shoot down in 5 minutes of thinking about the problem are very, very difficult to find. Then again, it can be hard to tell if an idea is unviable or if you're just rationalizing your way into binge watching netflix for the umpteenth night in a row.
Honestly, I don't really understand it when people say they have a hard time coming up with ideas. Ideas are all around you if you are willing to pay attention and look around. IMO ideas are easy, taking action is the hard part.
I tend to look outside of the tech sector and try to even stay away from things I am interested in. I have learned the hard and costly way that my interests don't make me money. I pay attention to un-sexy, niche markets or subsets of larger markets/products. A few markets I am currently tapped into are:
- Niche learning platform mainly advertised to homeschoolers
- Math tutoring
- Niche real estate product
- Roofers
I also run 2 ecommerce sites selling niche products. Products that are really not on anyone's radar because the volume isn't there and it isn't a huge market. I get 30 to 50 orders per month and net on average $200 per order, so it is a nice passive revenue stream.
I literally have pages of ideas jotted down that as time permits I will dig into more. Lots of ideas end up getting removed from the list after I do more research and see the market isn't right or that it will take too much time or money getting it going.