how to come up with a good business idea even if you don't know where to start
well in this video I'm gonna show you a methodology I use to brainstorm and
decide if a business idea is good and if it fits my passions and skills coming up
Hi it's Frank here with more tips tutorials and strategies to help you create great
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and hit the Bell so you won't miss any future updates so let's jump into the
content. So how do you come up with good business ideas even if you don't
know where to start well I use mind mapping for brainstorming my ideas so if
you want to start a business from scratch and come up with the idea that
fits your passions fits your your skills and anything that you are passionate
about you need to have the kind of that three-dimensional object rendered object
that you have in your mind that idea that you have in your mind and splash into a
piece of paper and that's what I do when I start to brainstorm for business ideas
I basically use a piece of paper like this and I write down all the things
that I know about that topic so for business or for online business I just
use a piece of paper and that's what I suggest you to do today just grab a pen
and paper and just follow through this video because I'm gonna brainstorm ideas
just in front of you and I'm gonna be using a whiteboard I've got a digital
whiteboard if you have a stylus pen like I have just follow through and use that
as well the website is in the description below so if you have a look
at that you can find out how to get a whiteboard online so I'm gonna jump into
my computer and we're gonna start brainstorming our ideas so as you can
see I'm using this whiteboard so the website is awwapp.com if you want to go
ahead and just use that if you have a stylus again makes sense to use
something like this if you're into digital stuff otherwise just pen and
paper would do more than enough. I actually i mainly use pen and paper
first and then I perhaps use some digital software like my mapping
software as well I just left some links in the description below so have a look
at that so what you have to do first of all is to write down your main idea in
the center of the paper so I'm gonna just write here online business it
doesn't have to look pretty you just need to make sure that you have all of
your idea into a piece of paper and then I just draw a circle around it online
business so I wrote down this stuff already so I'm gonna use this as
reference one of the first step to start an online business is first of all
choosing the name so I'm gonna just write here name so what name should I
give to my company what name should I give to my to write to my business if
you're a freelance you can just use your name if you don't like your name and you
still want to use a brand name or a company name you can just brainstorm
some names and again this will lead me to think about what research tool should
I use to find out a good business name research tools and if you want to find
out about how to come up with a good name and what tools to use I've got a
couple of videos that talk about that I just leave that in the description here
on the video so hit that link above to find out about these videos ok so that
would be my first step another thing that I have to take care of is the logo
now name and logo are not essential actually I would say the name is
essential but the logo it's not just at the beginning so do not do not
procrastinate too much do not stay and romanticize too much about log about
names trying to decide what name you want to give to your company and then
the log is gonna be something that you can think about later on and again when
I think about logo I think of what tools to use to create a logo whether you
create a logo out of free tools or paid for
and you have that option as well I'm gonna make videos about logos well there
are also lots of videos online you can find out how to design your own blog
over again I'm gonna record videos about how to design your own log either with
the paid method or free method as well okay so that's another thing that I have
to write down here what type of business what types online business I can create
and again this is very subjective so this mind map you see here that I'm
brainstorming with you is something that relates to things that I know as a
reference you my map should should focus mainly on passions and I'll write this
on the top left here passions problems
pains I would say and fears so take these three as as a reference as a
guidance to kind of brainstorm your mind map so even if you write down things
then you don't know anything about is a concern of yours
write that down so things that I don't know about I can still write them down
and then find out if that things that I can research on or I can eliminate so
let's carry on here we types so first of all types I need to decide if my
business gonna sell services or products or both some businesses sells both
another kind of type of business could be coaching coaching business
another one is consulting very profitable consulting businesses another
one is online courses courses in general another one is about for instance
podcasts very popular nowadays podcasts podcasts are pre-recorded program
pre-recorded interviews like audio files and people are talking about a topic
specific topic podcasts pre-recorded radio programs blogs still
very popular powerful in my case I develop websites so developing website
could be something that I can focus on developing website if you are into let's
say golfing golf knitting fishing you can write something related to that here
you probably know about what channels what influencer are out there so you can
start to write down what sort of things related to you to your niche I can be
potentially good for your business another one is by selling on eBay would
be another way to start up an online business selling on Amazon as well
Amazon FBA fulfilled by Amazon that's what that means and then also using
something like Shopify Shopify is a website that allows you to create your
own store online so you can sell physical goods or digital goods it's up
to you okay this is very generic but at least we know we know these are the sort
of the type of businesses that we can think about so the other one that I know
a little bit about I'm not necessarily I don't know necessarily about podcasts
that much about coaching a lot about selling on ebay but it's something that
I can expand and think about so another arrow here that I can draw is about for
instance very important the niche what niche I mean even even if I know in the
back of my mind I know what sort of niche are going to focus on I want to
write down there and see what potential niche can actually fit my passions and
my skills and again to find out the niche there
are tools and research tools and stuff that I can use to to narrow my my
research and again I'm gonna be making videos about researching your niche if
you have any requests about any of this these topics that I'm talking about now
just please let me know in a comment below another one that I'm concerned
about is content creation content creation so content creation is a
concern of mine and I want to make sure that I'm consistent creating content so
consistency is something that I'm concerned about and again I'm focusing
on problems as well you see problems and pains consistencies one of my problems
so I'll write that down consistency currencies and see another
one is schedule my schedule my posts schedule my material I had so scheduling
schedule ahead that's another concern of mine another one is what types of
content I'm going to create types of content so I can just write here a list
of content let me zoom in a little bit so types of content what types of
content should I create well I can start by doing something like checklists so
checklists are essentially a 4 1 a4 sheet of paper or more than one with
like tips or step-by-step instructions about anything whether you are teaching
about a recipe and you basically instruct what ingredients they need to
buy what steps they need to you need to follow to create to actually make that
that meal or that recipe checklists or checklists about any strategies
marketing strategies on how to create your to build your email list or how to
market your product etc etc there are lots of checklists you can search about
another one would be ebooks very popular ebooks or ebooks if you decide to have a
physical book you can send that book to your customers and they can just pay the
delivery sometimes you just pay you just use that
as a leak magnet to kind of gain email addresses and you know to start a
relationship with your potential clients another one would be mini courses mini
courses are also very popular so you clear the course like a full video
course people just put that in name and email address to access to this four
video course mini course now you teach about something you're passionate about
something that can be done can be delivered within four videos or
something like that many mini courses up is a very powerful way to you know gain
attention with your customers another one is infographics infographics are
it's a graphic representation of a specific topic for instance how to ride
a bicycle infographic you might find on one long-form infographic about all the
things you need to do in order to ride a bicycle or in order to ride a horse or
how to how to play golf anything like this casually can actually be found in
infographic so one of the best place to search for infographic is Pinterest com
here's a image search engine and you can search any topic you passionate about
and they will you definitely gonna find some infographic especially for like
yoga if you are into fitness into the sale to build your ABS that I exercise
that you can use and that could be an infographic another one is about yoga
all the Buehler postures when you wake up in the morning you want to find out
yoga postures you'll find infographic about that so you forgot quite quite
powerful not necessarily something that I personally would do but very powerful
another one is reports
they still they still work like to say you can actually make a reports and
people they're still interested in downloading them and another one would
be resources for resources I mean it's a checklist or could be just a PDF
document with like links to certain websites so one of my lid magnet is
about buying domains and selling domains and investing in domains as well so that
is essentially it's a keynote PDF presentation is just that like a few
pages where you'll find all different links to website where you can where you
can buy domain names ok resources so I just jot down some of some of this if I
come up with others I will definitely come up with others but these are
probably the main ones mini courses courses as well content creation videos
these are the things that I'm concerned about another thing that I'm concerned
about for instance if I want to make videos I want to unconcerned about the
music what music should I use for my videos should I use a free copyright
music or I can use a paid for music or I can make my own music because I'm
actually musician so I can actually make my own music so I could do that and
actually have a course about that GarageBand course so again you see I'm
just writing down my ski about my skills about my passions and you have to do the
same thing for your passions and your your skills okay so as you can see if I
just zoom out a little bit you'll see this mind map I started to herbs this
mind map is started to take shape let me just move this a little bit more so
another thing that I can draw here is about organizing in any business we need
to be organized I think organizing is also in regards of
finding our ideas finding out ways to deliver your product or your service
organizing your schedule during the week organizing ahead one of the things
actually that I do is my mapping my mindmap ideas projects that I want to
work on another method is sticky notes reorganizing my thoughts scheduling
posts and again if you're gonna have a blog if you if you want to have if
you're gonna have a podcast so if you're gonna have any sort of a video or any
sort of material your article you want to publish on your website on your
social media as well you would have to probably schedule your post ahead if you
want to make your life easier I also reverse engineer reverse engineer
pretty much anything and I use frameworks to do that
I actually made what my own framework just called panoramic wheel framework
and that is a PDF that you can download from my website if you interested in
finding out how to start a big project and chunk it into small slices more
digestible that would be probably the perfect way to start a big project
leverage leverage to optimize processes what is what what essentially means is
that I leverage things that I don't know about for instance if I want to create a
cup of my ebook and I don't have time to do it or if I don't know how to do it I
can leverage that to someone else and this is part of organization so I can
actually link this to for instance a freelance freelance job or to someone
else I can use something like fiverr.com fiverr.com is a website that allows you
to search for freelancers they can do some some work for you design covers for
your ebooks or graphics or even documents if you want to write down the
document you you don't know how to design it you can just commissioned
someone on Fiverr to do that I think it's a minimum of five dollars all the
way up and then we have something like upwork.com that's another one to
actually find freelancers and another one is 99 design this is more for
designers if you want to design a ebooks if you want to design graphics for your
website etc right now InDesign is also a perfect place to search so and again I'm
just brainstorming and just bringing up on a piece of paper anything
that I know anything that I come up now in my mind and expand on this mind map
and I can even expand even more I can just leave this and I sometimes I just
keep that piece of paper on my desk and I come back the day after or after a few
days and I find out actually I actually missed out that I forgot to write down
that thing and after a while you find out what sort of things you want to you
want to focus on what things you want to eliminate so I also can expand on types
for instance in types I can just really go here so what niches are out there
first of all in my case into intrapreneurship so I'm gonna write that
down another one is about marketing strategies another one that I'm
passionate about is passive income mindset motivational I'm not really into
motivational that much but some of the stuff I like to watch and I like to see
and perhaps I can create something about healthy living lifestyle life acts the
main niches that are most researched online are wealth health relationships
and I would say hobbies there are definitely others but these are I
personally think these are the main ones wealth health relationships wealth L for
relationships and Abhi's probably the most searched just focus on your niche
find out what you're passionate about write these things down and again I can
expand again here on for instance marketing strategies for marketing sizes
I'm concerned and are also passionate about email
list building so if you want to start the business you need to start to
collect email addresses how do you start to collect email addresses by using lead
magnets what are lead magnets lead magnets are things like this so our
types of content that can be used to attract to your customers so they can
leave their email address so they can download your beauties for free
initially and these are the main that you can use the main things that you can
make checklist ebooks mini courses videos in general resources create some
sort of a PDF some sort of material they can consume immediately so that's what
the lead magnets are another thing is that I'm that I know about marketing
Sarge's a1 is affiliate affiliate marketing affiliate marketing
essentially is you promoting someone else's products or services so I can
promote about a company that I'm passionate about a product that I'm
passionate about that it's not necessarily mine if someone watches my
video clicks on the link they can go directly to that website they can buy
and I can get commission out of it so I feel a marketing it's one of my
marketing strategies for instance and that is part of again building up your
business and another diversify your source of income another one is passive
income and another one is also healthy living that I'm passionate about for
instance with alpha living I can talk about yoga meditation huge huge channels
huge influencers about meditation yoga recipes as well healthy habits
another one is transformational training like Tony Robbins cool so I just came up
with this again I'm just gonna make this mola just to show you what I've done so
far so after you've done all of this you can start to highlight things that
you are planning to you know pursue or find out more about so for instance for
me I would say I will probably focus on mini courses ebooks and checklists is
something I definitely gonna do in terms of content creation in terms of music
I'll probably choose to have some free music that's for sure I'll probably
highlight the whole thing this is definitely something I want to focus on
and in terms of organizing my map sticky notes is something that I want to do
scheduling post is something that I want to do I don't really want to do for
instance infographic so it's something that I can just delete or just strike
through and say this is not something I'm gonna do it just takes a lot of time
I could leverage that to a freelancer but it's something I'm not really gonna
do now for instance yoga meditation something that I like but I'm not
necessarily gonna do right away so this is something that I probably going to
eliminate you would have to decide what to prioritize now and again make sure
that you know these are the main niches that are most researched the health
wealth relationships and hobbies and again I'll probably focus here on
marketing strategies that's another thing podcasts that's for sure podcast
online courses is something I'm passionate about as well for instance I
can go here into online courses and I can say okay what yr9 courses first of
all so if you that when you decide the niche and the topic you want to focus on
for your business for me is online courses for instance I have to
understand first of all - why do I want to do that answer that questions and
also what tools you're going to use am I going to need to create online courses
what screencasting software do I need I use it for instance ScreenFlow 4 for the
Mac for the PC you can use Camtasia and what mic do I need what camera do I need
sorry about that okay what camera are doing etc so all these things
anyway I linked in the description below if you want to find out what I use for
my screencasting and my online course in my videos in general and but what about
you if you are internetting what sort of material do you need for knitting to
create a channel to create that website now you don't have to decide right now
what are you going to focus on but this is just a good way to figure it out okay
this is the stuff that I know what should I focus on now what what should I
eliminate in another video I'm gonna show you how to use sticky notes and how
to brainstorm with those who just buy some sticky notes some memos and are we
gonna write down things on them and we're gonna shuffle them around you'll
be able actually to move them to reorganize them to create sub lists etc
to find out what to what to focus on what to eliminate what what's best for
us essentially so I hope it's been useful and if you like this video give
it a thumbs up I know it's been quite long but I kind of went through the
whole process of brainstorming with you so help you after this video you start
to create your own mind map but once you create that once you have a little bit
of visual representation of your thoughts into a piece of paper you'll be
able to then carry on and do the second exercise which is using sticky notes and
find out really what you're passionate about what works in the market what's
profitable what is viable for your startup for your online business in
general so thank you so much and let me know what topic you're into war passions
you have what sort of things would you like to start as a business the best
conversation happens in the comment below so let me know what you are into
and perhaps I can help you out or we can brainstorm together and find out the
best solution to start your online business for other videos related to
brainstorming ideas please click here and for other related videos click here
thank you so much and I'll see you very soon in another video
you
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