I’m amazed at how average people are making millions with simple ideas.
Last week, I watched two episodes of “The Big Idea” with Donny Deutsch. One show was how entrepreneurs started a business with less than $500.00, and the second show were entrepreneurs, who wanted to take their existing businesses, to the next level. They all have the capability of making millions in a short period of time.
Take a look at Donny Deutsch, the renowned advertising guru. To quote his bio,
he implemented his “leaner, meaner, faster, smarter” philosophy to transform a small advertising shop into one of the nationâ€™s top 10 agencies. The $2.8 billion full-service agency has provided clients with strategic marketing programs that are intrusive, effective and talked about. Prestigious clients include GM, Johnson & Johnson, DirecTV, Novartis Worldwide, and IKEA.
Reread that, his advertising agency is worth $2.8 billion.
On the show (7/19/07), Donny Deutsch, spent the hour promoting struggling entrepreneurs. These individuals have great ideas, have done their business plans, have done marketing and sales on a small scale, but now want to get national and worldwide recognition. He offered advice to each person, and gave them hints as to what to do next. How cool is that? Donny Deutsch, giving you free advice, plus letting you promote your product on national tv.
“The Bid Idea” concluded the show with Kim Lavine, President and Founder of Green Daisy Inc. She has been nicknamed, “the Mommy Millionaire”. Kim provided the audience with links to six websites that are paramount to up and coming entrepreneurs.
Included in the list are:
SCORE, “Counselors to America’s Small Business”
The US Patent Office
Thomasnet.com, A resource for industrial information, etc.
PR Web Press Release Newswire- for press releases
TradeShowToday. Information on trade shows
It was suggested that you build a website. How ironic. I “technically” have a website, with this blog. If you don’t have a blog, it’s easy and inexpensive to set one up. If you want to follow how I learned how to set up a blog, go to my other blog, Blogging Without A Blog.com
To add to the above lists, other websites that have great resources, either printed, or online, are:
SBA Small Business Association-for funding options
IRS Internal Revenue Service
US Department of Labor
International Trade Association
FDA.gov Starting a food business
Womenbiz.govWomen selling to the Federal Government
Export.gov Helping US companies export
You’ll also need a great accounting software program. For that, I would recommend Quickbooks Pro. Click on the following link and Get 15 % Off QuickBooks Pro Small Business Accounting Software + Free Shipping
Remember to also check with your state and local governments, for required licenses and/or permits.
Most states require that you register your business name, and type of entity, i.e. sole proprietorship, corporation, partnership, etc.
If you have a great idea, go for it. For starters, check out “The Big Idea” website. For motivation, read the stories of the entrepreneurs who have succeeded, as well as these new entrepreneurs, who are destined to be the next millionaires. Their stories are filled great tips. Learn from them. Take your idea to the next level.
If you’re blogging, you already have exposure. If you’re not blogging, get a blog/website. Get a business plan. Get a patent (if needed). Promote your product on your blog. Do what’s needed to get your product on the market. Do your homework. None of these individuals said it was easy. Most of them literally went door to door, or sold their product, out of the trunk of their car.
The show that aired on 7/19/07, highlighted six new ideas. They were:
Eve Alexander A manufacturer of maternity lingerie.
Chilly Jilly A shawl/sarong in a bag
iHearSafe earbuds To protect children’s ears from load music
Klip-Flops A “design your own” flip-flop
Send A Ball A gift and greeting all in one (a ball)
Vroom An “energy” candy
These are all great ideas. Each product has a large target market. These entrepreneurs will soon all be millionaires.
If you have an idea, and have the belief, persistence, and passion; you, too, can succeed.
My question to you is, “Are you ready to follow your dream?”
It’s all up to you.
Not sure what your passion is? Read another article of mine, titled How To Find Your Passion and Make Money.
Update: Could your business be illegible for a Federal government grant? Check out the article I wrote on that subject. It also provides a free link to the Federal government’s grant website. Just click on: Free Information For Government Grants