Five More Simple Questions That Will Help Spark All Kinds Of New Ideas For Your Business

This is a continuation of my article entitled “Five Simple Questions That Will Help Spark All Kinds Of New Ideas For Your Business”. Within this article we have five more questions that will get your wheels turning and into idea producing mode.

The first five questions were:1)  What can I do in the next seven days to… fill in the blank2)  What marketing ideas are successfully being used in your industry?3)  What are five new ways that I can acquire customers?4)  Who could really help my idea take off and how can I make it super easy for them to do so?5)  How could I wow blank for under $10?

As always, I like to use real life examples to help illustrate my points so it is beneficial for you to give that article a look.

So without further ado, lets begin with Question six: How could I automate XYZ? I asked Armand Morin one time, “Where do you get your ideas for all of your products?”

He said, “It’s simple. I look at what I’m doing and how much time it’s taking me. If it’s taking me too much time, I ask myself How could I automate this process? Ninety percent of my product ideas come from my ability to recognize what’s draining my time. I’m lazy. I want to automate everything.”

That’s where his product ideas come from. Powerful question, so ask yourself that question. How could you automate XYZ?

Next question – number seven: How could you simplify XYZ?

Is it complicated to buy from you? Have you ever tried to buy from yourself and gone through the process? There are so many products that I’ve purchased that are absolutely painful to actually buy from somebody.

In fact, recently I was in the process of buying a new server, a new dedicated server. The company that I was trying to buy it from were making me jump through all kinds of hoops. It got to the point where I got so frustrated with trying to purchase from these people, that I gave up and went somewhere else.

So they need to ask the question: How can they simplify the purchasing process for my customers?

It’s the same question you could ask yourself, and it can be a very powerful piece of stimuli to spark all kinds of new processes for you.

Question eight: Are there problems my target market is experiencing and how could I solve them with a new product?

Alex Mandossian created a phenomenal piece of software, a phenomenal tool called the Ask Database. For those of you who have it, use it. Constantly ask people what products they’re having. Find out what problems they’re having and solve them.

A creative thinker is always on the hunt for problems because your future depends on solving problems. If you can solve problems for somebody else, you’re always going to be in demand.

Another place I want you to go – write this website down because it is extremely powerful when it comes to finding problems – http://www.answer.google.com/.

When you go there, I want you to click on the category that is most applicable to you and your business, and find out what questions people are asking. Those questions are problems.If you see a common question coming up, that’s a clear indication that many people are probably experiencing the same problem. That presents a need for a product to help solve that problem.

So constantly ask yourself the question: Are there problems my target market is experiencing and how could I solve them with a new product?

Next question – number nine: This one Alex Mandossian brought up in his presentation at the most recent Big Seminar, and it’s a powerful question. How could I residualize my current products or services?

In today’s day and age, look to get paid not once, but more than once. Time and time again. Every single month or whatever. But if you look to constantly residualize your products or services, you’re going to have a constant stream of cash flow. Rather than fighting to try to get new customers, you really benefit and leverage your existing customers.

Ask yourself that questions: How could I residualize my current products or services?

Next question, and the final question I’m going to leave with you is: How could I increase the value of what I’m currently offering?

When you do that, your mind and your brain is just going to take off because you’re going to start to think in the customer’s favor.

When you do that, you’re going to start to generate all kinds of great ideas that work and benefit the customer. And the more you benefit the customer, the more they’re going to come back to you, the more they’re going to spread the word, and the more revenue you’re going to be able to generate from your existing customer base.

That one question helped me get a 100% satisfaction from my very first seminar. Before anybody stepped in to that room, I asked myself How can I increase the value of what I’m currently offering? And the people who came to that seminar got bonus after bonus after bonus. By the end, they were so wow’d with the experience of being at the Idea Incubator, that I had all of them coming up to me saying, “When is the next one? When is the next one? When is the next one?” And now they’re evangelists.

Heck, at the Big Seminar they were spreading the gospel, if you will, of what a great time they had and what great value they got at that Idea Incubator seminar.

The only reason that happened was because I put forth the effort and mentally asked that question. How can I increase the value of what I’m currently offering?

When you do that, it just opens up a whole new opportunity area for you, your products, and your services.

That’s it!

If hope you got as much out of this information as I did.

May ideas come to you when you need them most.