bwagy

I just want to clarify (since I share ideas each and every day) an idea alone isn’t a business.

A business is a collection of ideas, executed in a fashion that generates profit.

An amazing idea helps a business spread, it forms the messages, builds the word of mouth but it is the collection of ideas and systems executed that make the business.  In essence an amazing idea provides a wave for the business to ride but that wave is short lived unless you have something behind it…

You need to take your amazing idea and mix it up with some others (usually standardised ideas) to turn it into a business.  Then you have something of amazing value.

A gift to take home.

A token to show their friends.

A reminder of how much they enjoyed your product.

I enjoyed this wine on a recent flight, St Hallett – Poachers Blend.  It was really good, so I read the label.

On the back you can see is a little tab that you can pull of the label.  It has the name of the wine and more information on the back.

Very neat – now I know which wine to get!  I didn’t check but they could take it one step further and on the back have a coupon (so only those that have taken it off find it) – 10% off if you buy in Duty Free once you jump off the plane.  Just a thought but I think they are already doing enough.

So why not give your customers a gift?

I saw a tweet from a fellow business owner a few months back, they had stopped having coffees and networking as they weren’t building any immediate business out of it……. hmmm

Bit stupid to stop networking if you ask me.  Why? Well…

My theory basically is, no matter what you do, every person you meet at some stage in the next 5 years will either have a need for your service or will hold a conversation with someone who needs your service.  So no meeting is wasted! (as long as you impress them enough).

Yes this is a long term view – but successful business is built over the long term.  So don’t fret that every meeting has to turn over dollars; build relationships, think for the long term and it will pay off.

Don’t stop networking because money doesn’t come in straight away, keep at it, it pays off.

You never know you may just get it.

I am the eldest of five kids, so in our household it was very much first in first served, if you wanted something you had to ask for it.

The analogy draws true for business, you are one of many, first in first served, if you don’t ask someone else will.

You’d be surprised at what happens just by asking, hey can I buy you a coffee? I have some neat ideas I’d like to run past you? or blatant I’d like your business what can I do to get it? Worst case you get a ‘no’.  Best case you get what you want.

So remember sometimes all you have to do is ask.

Like fridays post – it has been said before…. but if you have an idea sitting in the back of your mind, irritating you – get it started!

What are the next steps? Write them down and TAKE THEM

Why am I bringing this up today? Well this week marks another huge week for me:

• Shipping my pre-orders of the The Best Ideas are Free.
• Wrapping up videos for the book (huge undertaking).
• Speaking on marketing (Topic: Why marketing just got small….real small) this friday (should have a video to share from it).
• Getting someone onboard part time to assist with some of my marketing activities.

If I hadn’t chased ideas and put them into action none of this would be happening, now, today.

A simple business hack if you are a bit bored this week.

1) Jump on Alibaba.com.  Find five products you are interested in importing.  Contact each of the suppliers and order a some samples of each.

2) Setup a cheap local adwords campaign for the products you have sourced.  Point them towards a quick page of info about the product (collect emails of interest).

3) Finally once the products arrive, test one of the samples, sell the other on Ebay (or your local equivalent). You should be able to easily sell it for more than the total cost of both units, often making a tidy profit.

(Note: You can stop here, the next step is if you want to build a small business out of it.)

4) Review your adwords / traffic of your test websites.  Which has gained the most interest? Use that data to sell to a local retailer or setup a niche online store selling them.

5) Begin systemising, once you have sold a few start building some systems to automate sales and distribution.  Often you can get dropshippping (manufacturer ships direct to consumer).

Give it a go, have a bit of fun, I have done this every now and again made some good dollars but at the very least you’ll learn something.

(Passionate about local products? Do the reverse help a local manufacturer get their details on Alibaba and help them sell to the world.)

Do not stress, the downside is not nearly as bad you think, just give it a go and see what happens.