Suppose you are an entrepreneur and want to start a new business but you actually don’t know...see the detail

Question

Suppose you are an entrepreneur and want to start a new business but you actually don’t know from where to start, what will be your new product and what will be its position in market. You don’t even know that will it be acceptable in market or not. For this, you want some ideas to produce a product which is attractive for consumers. From where will you get some general ideas for new product development?

Answer 1

I'd start with a product or service that you know about and have a passion for. To say you're going to start a business isn't enough. You need to narrow that down a bit. For example, you probably couldn't go into the car building business because it is very capital intensive, requires being an engineer and it would take one or a few people too long to build one vehicle to make enough money especially if you knew nothing about using a wrench. You might be able to watch cars at a office building while the cars are parked in the parking lot and the owners of those cars are at work all day. You'd have to advertise to an office building that you are offering this service and try to get clients that way. As to what is a good product idea, everyone would like something that makes them smarter and more fit without the effort but some things are out your control and their ability. Start and do what you know and can "easily" do.

Answer 2

solid question. Now days its extra effective to artwork with a product this is already progressed. I too have appeared for various product concepts and organization's to the two start up or become in touch with. I even have made distinctive errors alongside the way. yet what I even have stumbled on is a few thing that relatively works for enterprise minded human beings like us. Take an extensive inspect this organization, product, and marketplace. it may or is probably no longer for you. in case you like what you spot, hit me up. solid looking.

Answer 3

research what is popular. I know that pets and babies will always be around and over 1.5 billion dollars is spent on pets each year.
do some research, you have the means at your finger tips.
good luck.