HOW TO DEVELOPE MONEY MAKING (1)

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 very 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 or leave them open to others taking advantage of their original idea and benifiting themselvs. The situation is wide open for the person who can'create' profitable ideas, and then invest some time and money in
following through the idea to completion.

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

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 things you want to improve. Learn to create ideas by evaluating all the different aspects of the products, 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 benifit 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?
Do you have the ability to do the work to improve?
Exactly what part needs to be improved?
Should it be smaller or larger?
Should the colour 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 cut unit cost?
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, lower?
Can it be franchised?
Is there a good maintenance program to back it?
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?