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May
21

How business people find ideas to make money

KonstantinCreative Business Idea

Many of business people prefer to have a home based business rather than working eight hours each day in the office. Some of them prefer franchising rather than searching for new ideas and starting a business from the ground. It may sound exciting but to have a successful business it is necessary to consider and to research so many different aspects.

Research can be made out easy these days, thanks to the power of the Internet. I already discussed of the incredible possibility of conducting research online where business people can find other business ideas. It works not just for the beginners however, mature entrepreneurs can benefit a lot from the information they can find online about business ideas.

I decided to check it out. Wow, there is so much stuff on the Internet! I have really hard time to choose the one I like. For many of so called “ideas” I would not give a crap. You need to know to distinguish between the effort of sincere entrepreneur to create the idea and pure scam or even insanity.

True enough, creative idea is a result of business investigation by gathering as much information as possible about the industry. Yeah, being an entrepreneur is a hard job.

Here is why. As I mentioned, investigation is needed to evaluate the business ideas. Starting a business from the ground requires a lot of work. Suppose the business that you are about to put up is also available in franchise. Most of business people would go for franchising because it requires less work. Many of them think an established undertaking is less expensive and less risky. I respectfully disagree. My online research had shown me that some of franchising fees are more than $100,000 in addition to operating capital. Plus, as a part of searching for business idea and before making final decision, you must be able to consider all other advantages and disadvantages. Once the right business idea is chosen, this is a time for action.

Bottom line. Make a comprehensive research. Separate real creative ideas from just a scam. Consult with experienced entrepreneurs about a start up process and you will reap the benefits of your business shortly. 

And lastly, here is a nice example of online business where regular people can post on the web specific tasks or chores and have others do their stuff. Why don’t you duplicate in this idea in your home town?

May
15

How business people protect their ideas

KonstantinIntellectual Property Management

When business people think about of protecting their ideas first they think about a patent. According to the U.S. Patent and Trademark Office patent is a grant of “monopoly for a limited period of time on the use and development of an invention”. To obtain a patent it is necessary to file an application with an explanation why the invention is original, with detailed description of the invention and its aspects, with all drawings, statements and filing fee. But besides this technical issue there are so many things for business people to consider.

Who will provide with all the information that business will need to develop every idea to it logical conclusion including the ways in which ideas can be made, manufactured and marketed? How to protect an idea in such way, so that, no one can make a substantial improvement on it and steal the basic concept and design? How to use all the laws, methods and techniques that are available to all creative people to establish legal protection of an idea under the “First to Invent” provision of U.S. patent law. What about a special advertising copy that will communicate ideas to the right executives at the right companies? Finally, how to find and identify an exact market?

I recently ran across a non-profit which provides all these services to independent inventors comparing patent attorney, invention marketing firms and themselves. The noticeable fact that 90% of services provided is a marketing effort. In my opinion it is a huge help and I bet that’s what independent inventors need.

So here is the deal. To get a help in protection and marketing of inventions watch this informational video of the founder of the Inventor’s Assistance League (IAL), Ted De Boer, who tells about his organization that he started in the 60’s. IAL teaches inventors about a technique known as “pre-patent protection” so an inventor can discuss an idea to determine if it has market value. Thereby saving the expense of a patent until the time is right.

May
5

New Trend: How Business People Find Gold on the Internet

KonstantinCreative Business Idea

When business people start a new business they do so called long-term thinking literally focusing on the kind of trends research consisted of a collection of reports and research on the sources and impacts of social and business change. The research can help to generate new business ideas. But I personally didn’t know that the research itself is a nice business. Here is my story of how I found a researching to be a great business nowadays.

Generally, business people need basic information to start and operate a business. Who are the decision-makers? What are their titles, back-grounds and responsibilities? What is an organization chart of the key people in the portion of the company their client is working with or targeting? So, the choice is to start digging up the information usually without any knowledge and skills and consequently spending a lot of time. Or, another option, a professional staff of researchers can do that quickly, precisely and without cutting off the budget.

According a Strategic Research Network, national strategic research company, researches provide Internet research services to their clients in exchange to a fee which depends on the project complexity. Researchers do something that their clients would rather not spend time doing at all. They dig up the current and accurate information that their clients absolutely must have to conduct their business. It could be the names, numbers and addresses of their potential clients. It might involve the pre-qualification of job candidates or preparation and management of e-mail tracking campaigns for employers.

Who can be a researcher and what they do? Marketing and management oriented people because they can appreciate how valuable sales and business research can be. People who enjoy being a “detective” and engaging in problem solving activities, those who are analytical and have project management skills.

Researchers use advanced Internet research services to generate custom leads that are unavailable anywhere else. They gather competitive business intelligence. They know everything about their clients or competitors so the clients can sell more products. The same approach is to the new business: there is a need of contact information for decision-makers that new companies can’t find anywhere else.

They also collect relevant industry content for marketing. It is not effective to just e-mail obvious promotional materials to the clients and prospects every time company communicates with them. Business purchasing decision-makers are too sophisticated. The researchers gather articles that are relevant to the target’s industry, sector and situation. They prioritize sales contact with e-mail tracking. What if your sales person could send an e-mail to 200 purchasing decision-makers and see in real time which ones were opening e-mails and which ones were clicking on links? What if you have their name and phone number right there too? Instead of calling 200 people who even didn’t read the message yet they can call 15 potential customers that are in their office and just have read the e-mail.

Researchers operate their own businesses, usually as home-office full or part-time, being perfect inexpensive outsource for their clients. While researchers are focusing on various types of lead generation projects their clients are concentrating on sales and recruiting activity.

According to SRN the future looks good. Demand for researchers among B2B Sales, Human Resources, Recruiters and Job Seekers remains high. That’s mostly because of the gap between what the average person can do and what trained researcher using excellent software and systems can accomplish. Whatever project company is planning this is a bad idea to let salespeople to do research themselves. Sales divisions of companies will continue to be expected to do more with less and will be looking for new ways to stimulate sales. Human Resources departments will be pressured to fill positions while reducing their recruiting costs. Job seekers- no matter how experienced they are- will always need the expertise of professionals who can put them in a position to speak with actual hiring authorities. So, isn’t it a nice business concept?