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How To Develop Money Making Ideas
by QualityBooks.com © Copyright.

It isn't the billions of ideas, that pop up in the minds of humans
around the globe that make money. Very few ideas are worth the time it
took for the thought. Most ideas are fleeting "sparks" that go no place
and are forgotten before the next day. Of the ideas that are good, very
few are followed up and ever end up as a worthwhile development in the
market place. Most people are just not oriented to do anything about
their ideas, while others believe it would take too much of their time
and money to follow through to completion. This leaves the marketplace
wide open for the person who learns how to "Create" Profitable Ideas!

There are three major formats you can use to create profitable idea:

1. Find something that already exists, the presence of which has never
been known before.

2. Invent something. Most inventions are merely new arrangements of
things that have already been invented.

3. Alter or improve in any number of different ways something that
already exists.

As you "Create" ideas, write them down. What you dream up can be your
key to great wealth. Keep your mind "open" as you go through each day.
What did you notice in the department store that would reduce costs,
save money or increase sales if some simple procedure were added or
something changed?

Ideas for improvements are one of the most valuable things you can
contribute to society and at the same time add to your bank account.
To create ideas for improvements, consider every possibility and
alternative for the thing you want to improve.

Learn to create ideas by evaluating all the different aspects of the
product, method or concept you are interested in. Put your imagination
and subconscious to work and write down your thoughts pertaining to
each of the things you expect to improve. Use the New Wealth, "Idea
Format" that follows as your guide for creating Money-Making
improvements.

Idea Format:

List the things you want to improve:

- Why should it be improved?

- Who will benefit from the improvement?

- What is wrong with it at the present time?

- Did someone else cause a problem with it?

- How do you propose to improve it?

- Do you have the facilities to do the work required?

- Do you have the know-how to do the work required to improve it?

- Exactly what part needs to be improved?

- Should it be smaller? Larger?

- Should the color be different?

- Would more activity help make it better?

- Could it be combined with something else to make it more practical?

- Would a different basic material work better?

- Is it too complicated, could it be simplified?

- Would a substitute be more meaningful?

- Is it priced too high?

- Would a change in personnel help the situation?

- Can the shape be changed to advantage?

- Can a new marketing plan make the difference?

- Is it safe?

- Can it be mass produced to bring the unit cost down?

- Should the appearance be changed... streamlined?

- Is there an adequate guarantee?

- What can make it appeal to a bigger audience?

- Would new packaging or trade name enhance it?

- Can it be made heavier, lighter, higher or lower?

- Can it be franchised?

- Is there a good maintenance program to back it up?

- Can financing be simplified?

- List ways to increase production:

- List ways to increase sales:

- List ways to reduce costs:

- List ways to increase efficiency:

- List ways to improve quality and increase profits!

- What can be done with it to satisfy more people?

This New Wealth "Idea Format" will start the ideas "sparking" and as
related ideas come to mind write them down in every variation you can
think of. Do not judge the good or bad points of the ideas as they
materialize to you, just write them down and judge them afterwards. You
will stop the flow of ideas ifyou are critical of your thoughts before
you put them on paper. When you have answered everything you can about
the product or concept and know how it fits in with your plans, sit
down and evaluate all the details you have written.

After you have found (created) a good idea, follow it up with questions
on what should be your next move in order to do something about it,
then act! Get it moving. Expose it to the world with sufficient tests
to determine the value!

Come up with ideas that are still in the processing stage rather than
get stuck on several vague points that may be worked out later as your
subconscious goes to work. If your idea fails, so what; you are just
that much closer to finalizing another one, then another... until a
useful more valuable idea is born. Every manufacturing plant, retailer,
attorney, accountant; every business person, large or small, cannot
continue to operate in the competitive world of today without someone
in the organization constantly coming up with new and better ideas!

Old ideas drop by the way side as new ideas take their place. Old
companies without new ideas fade away.

Those who learn and know how to create ideas and anticipate the changes
needed, as the future evolves, have the opportunity tobe a great
success with big money-making potential!

Another "tool" you can use to help dream up that million idea, is to
spend several minutes each evening, relaxed with your eyes closed. Pick
any object that comes to mind and try to change it in your "mind's
eye". Change it in every manner you can think of to improve it.

The following evening pick another subject or object and repeat the
process. Soon you will be using 20% of your brain power instead of the
10% normally used by the average person. As your knowledge and "brain
power" increase so will your bank account.

Just think what we could accomplish if we could get the other 80% of
our brain power working? On second thought, let's not try to get 100%
efficiency out of your human computer . . . we would probably blow up
the world for sure.

Protecting Your Idea

When you have come up with a good idea, write a full description of it
and make a sketch if necessary. Place the written information, the
sketch and any other pertinent facts or documents in an envelope
addressed to yourself. Have the postoffice seal the envelope with a
date stamp over the flap, then send it to yourself by registered mail.
Keep the envelope, unopened, in the event you need to prove ownership.
Of course if your product has a properly registered trade mark, has
been copyrighted, or you have a U.S. patent you are protected from
infringement.

A Few Idea "Sparks"!

When you come up with an idea, program or product that is so superior
in style or performance that it is unbelievable you may need a
notarized statement to assure your customer you are offering an honest
deal.

Make a habit of examining each piece of correspondence you receive,
taking care of it right at the time, do what is necessary right then.
Never put it aside to be handled a second time if it all practical.
This can save more time than anything else for an executive who handles
a large amount of correspondence and mail. You can also save many more
hours each week by doing several of the most important things that need 
to be done each day before you take up other, time consuming important
details.

Another good way to "spark" ideas is to go through the classified and
want ads in the newspaper ... Also the yellow pages of your telephone
directory. As you read, think of something that would be of value to
the company or person, or enhance the item you are reading about.

In summary, learn to develop ideas from observing everyday things and
details. Think of what could make something better. Dwell on things
that have a large marketing audience, something that everyone needs and
wants. Write your ideas down. Put a pencil and pad at your night stand.
When you remember a good dream... don't just lay there, by morning you
will forget it...Jot it down on the pad. You will be surprised what you
can dream up! Maybe the million dollar idea will magically appear on
your pad tomorrow morning!

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