ArticleBlaster Finding The Next Million Dollar Idea

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Please consider this free-reprint article written by:
Vincent Murphy

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Article Title: Finding The Next Million Dollar Idea
Author: Vincent Murphy
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Article URL: http://www.isnare.com/?aid=63214&ca=Marketing
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There are thousands and thousands of million dollar ideas out
there. Sadly many of them never see the light of day. However,
how can you find these ideas, and more importantly, how can you
capitalize on them?

The first thing to do is to research the idea. Obviously keep
your cards close to your chest and don�t tell everyone about
your idea, but do some research into competing products, the
market and how to get your idea to market.

For example, is there anything in the market already that is
similar or the same as your idea? If there is, can you develop
your idea without infringing on their patents or copyright? Is
your idea an enhancement of an existing product? Would the
company that currently makes that product be interested to
license your idea or can you develop the product yourself and
get it to market?

If your idea is a completely new product, then you need to ask
yourself if there is in fact a market for it. If it is a
completely new idea, why isn�t there anything on the market
already? It might be that there is actually no market there, or
at least no one willing to spend any money.

When it comes to looking for ideas there are four main methods
that I can recommend to you.

Firstly, go to Amazon and look at what is popular there. Amazon
is one of the most visited sites on the Internet and is a
powerful research tool if you know how to use it. See what
people are buying and what they are selling. This will give you
an idea of topics and subjects that are of interest to people.
Perhaps one of these will spawn that million $$$ idea?

Secondly, visit Ebay. Another of the most popular sites on the
Internet, you can often see trends developing on Ebay and
discover popular niche markets very easily. Look at the top
selling products in each category to determine what people want
to get hold of. You can even look at how well things similar to
your ideas are selling to understand if there is a market for
it.

Thirdly, check out forums on the niche you are looking to work
in. See what people are talking about and discover what
questions they have and what problems they need solving. This
will give you some great ideas for products that could net you
a quick dollar or two.

Finally, do a Google on the idea or niche to see what comes up.
Google has more web pages indexed than I can count and is an
amazing source of information. Go through the first ten to
twenty pages of sites to see what is out there. Again, you
might find ideas, your might find information. Whatever you do
find though, it will be useful.

Before you pour your money and effort into a product you must
research it and make sure that it is going to be profitable for
you. Use the techniques outlined above, and you may find you
spot the next million $$$ idea!

About The Author: Vincent Murphy can help you to find the best
home based business ideas and money making opportunities so you
can work at home/Finding The Next Million Dollar Idea. visit:
http://www.HomeGrail.com

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