| p>Get your thinking cap on... | | | | or a plumber- you only get paid for the services you |
| Don't put any limitations on the ideas you can come up | | | | perform, but you're limited as to how much money you |
| with, explore different avenues as much as possible- | | | | can ever make because there's not enough hours in |
| even if they've got nothing to do with your passions. I | | | | the day. And so, if you go on holiday, you'll be worrying, |
| know this may seem a little contradictory, but when | | | | because you won't be making any money. You want |
| you first start to think of ideas, it's challenging, and so | | | | to turn your idea into a business that isn't dependant on |
| you want to be as open as possible at the beginning. | | | | you to making the money and so you can go on |
| Thinking of ideas seems like a fairly easy and | | | | holiday or do whatever you like and know that you're |
| straightforward thing to do, but in reality it's not. I | | | | making money- don't you agree that it would be nice |
| personally believe that this is because we aren't use to | | | | to make money whilst you sleep? |
| thinking of ideas which could potentially make us | | | | I have an online business, the system is fully automated |
| money in our everyday lives. We simply don't use our | | | | and I have a virtual assistant to respond to customer |
| brain in that way, so you have to start flexing your | | | | support issues. I literally make money whilst I sleep. This |
| brain muscles and build this skill. | | | | is the perfect business model to me. It doesn't depend |
| All the techniques that you learnt in the first guide will | | | | on me in order to be profitable, there's no limit to how |
| help you here, for example paying more attention to | | | | many people can use the service, thousands of people |
| everything will help you spot really good ideas. | | | | in one day could use it. This is the kind of business you |
| As a starting point perhaps start to look out for ideas | | | | need to build. |
| you think are good. Have a look online or around your | | | | The good part is, that with the use of the internet, you |
| town and try to see which ideas work and which don't. | | | | can pretty much turn any idea into a business which |
| If you spot a really good idea, then think about how | | | | generates passive income, you just need think outside |
| you could make it better, what would you do | | | | of the box. For example, let's say you really want to |
| differently? For example there is a woman who | | | | be a piano teacher, we've already established that this |
| makes videos of how to apply makeup and uploads | | | | isn't going to make you financially free, so how could |
| them on to You Tube. She got over 2 million views | | | | you turn it into a business that will? Easy, you could |
| and is now probably making some serious money | | | | create a series of video tutorials of how to learn to |
| from it. To me that's an excellent idea, so simple and | | | | play the piano, upload these videos onto a website and |
| easy, yet effective. How could she make it better? | | | | provide other useful information, which would help |
| Maybe she could make a great website and provide | | | | viewers. You could sell each lesson individually for the |
| useful step by step guides of how to apply makeup or | | | | price you would charge for a lesson, or you could sell |
| other information, which viewers might be interested in. | | | | them all as a pack for a lot more money. This way |
| Maybe she could get makeup companies to advertise | | | | you'll be able to do what you love, once you've set it |
| their products to her viewers? | | | | up you will be able to leave it to run and make money |
| Don't get frustrated if you can't spot any, or you can't | | | | for you, apart from the odd update here and there. |
| think of how you could do something better- this will | | | | You will be able to reach millions of people and add |
| come with time. This is all about opening yourself up | | | | value to lots of peoples' lives. So, not only will this |
| and becoming more aware, so you can spot amazing | | | | create a passive income stream, you will be able to |
| ideas and brilliant opportunities. | | | | help more people than you ever could actually giving |
| One thing that I find useful when thinking of ideas is to | | | | piano lessons. What's even better is that if you still |
| look at my own life and think, what problems do I have | | | | want to teach piano lessons occasionally because you |
| that other people might have and that I could possibly | | | | love doing it, you still can, and be happy in the |
| solve? For example, I moved to a new City, where I | | | | knowledge that you've got another source of income. |
| have some friends, but not a lot. I wanted to meet | | | | So, if you go on holiday you don't have to be worrying |
| new people, but found that there was no real way to | | | | that you're not making any money. |
| meet like-minded people who were my age. So, I | | | | You might be thinking, 'that's great and everything, but |
| thought, what if I could create a socialising group for | | | | there's loads of people out there doing it, so how am I |
| people who are a similar age, who want to meet | | | | supposed to make money from it?!'. Good question. |
| people and have fun? I would enjoy it and solve my | | | | The best way to make money online is to think of any |
| own problem as well as helping lots of other people. | | | | idea that could help lots of people and and idea which |
| Another great thing to bear in mind when you're | | | | is in demand (you can find this out by researching, go |
| thinking of ideas is, 'how can I add more value to more | | | | to [ and check out the free tools) and then target that |
| peoples' lives?' This is an important question to focus | | | | idea at a specific group of people. So, if you want to |
| on, because if you can add enough value to lots of | | | | do online piano lessons, maybe you could target 4-8 |
| other peoples' lives then you will be successful, | | | | year olds and create a "How to teach your child the |
| because people will have a real interest in what you | | | | piano, without even knowing how to play the piano!" Or |
| have to offer. Read the papers, watch the TV, try and | | | | maybe you could create piano lessons for people with |
| find ways you add value to peoples' lives. Look at | | | | learning difficulties? By targeting your idea at a niche |
| what problems people have and ask yourself, what | | | | market, you will stand a better chance of being |
| would it take to solve that problem? | | | | successful. |
| One of the biggest pieces of advice I think I can give | | | | Summary and things to do: |
| you is look for ideas that you can grow way beyond | | | | 1. Write down at least 5 new ideas every day. Some |
| your means. For example, if you have an idea to | | | | will probably be rubbish and others will be great. You |
| become a piano teacher, the idea can never really | | | | have to discipline yourself to do this. Once you've got |
| grow beyond your means, because you can only get | | | | into the swing of things try thinking of 20 ideas a day. |
| paid for the hours you teach. This is bad for two | | | | All it takes is for you to think that one of those ideas |
| reasons; | | | | really could work and you could potentially have an |
| 1. There are only so many hours in the day and | | | | idea which could make you financially free. |
| therefore there's a limit to how much money you can | | | | 2. Try and spot at least 5 great ideas every day and |
| ever make. | | | | think about how you could improve them. |
| 2. This idea will never make you financially free, | | | | 3. Take a good look at your life and see what |
| because it depends on you to actually perform the | | | | problems you have. Think about whether other people |
| service to make the money and what if you get ill?! | | | | might experience the same problems and then figure |
| If you want to be financially free, which means not | | | | out how you could solve the problem. |
| having to work for your money, instead you have | | | | 4. Always be thinking, 'how can I add more value to |
| recurring income coming in to your bank every month | | | | more peoples' lives'. Help yourself, by helping enough |
| from ideas you have turned into money-making | | | | other people. |
| businesses, that don't require all your time and don't | | | | 5. Think of ideas that will generate you passive income. |
| require you to actually perform the service, then you | | | | Focus on growing your idea into a business, not an |
| have to avoid this. What this really means is that you | | | | idea that will make you self-employed. Remember to |
| are looking for ways to grow a business which will | | | | think niche! |
| bring you passive income, rather than being | | | | 6. Never give up... always keep trying to come up with |
| self-employed and having to work for your money. | | | | new ideas. Like anything, the more you practice the |
| Being self-employed is just like being a piano teacher, | | | | better you will become at doing it. |