Money Making Ideas: How to Have Lots of Them (14 Ways)

Oct 10, 2018

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Who knows… Maybe, the million-dollar business idea might be right under your nose and you are not even aware of it. In today’s episode of The Money Podcast, Rob Moore shares 14 ways to keep you inspired and let the money-making ideas in easily.

These 14 strategies are very easy to follow and are proven to be effective since Rob himself has been doing it ever since. Discover what online resources you could use to learn from and to connect with mentors, other entrepreneurs, and your target audience. These activities won’t take so much time so as long as you have the motivation and mindset, you’re sure to find the most effective way for you.

KEY TAKEAWAYS

Engage in online communities – LinkedIn Groups, Facebook Groups, etc. You can easily type on the search bar ‘entrepreneur’ or ‘business’ and you’ll know what groups to engage with.
Listen to podcasts or audiobooks. Rob’s choices are nonfictional and autobiographical. Spot what’s trending. Know why it’s trending.
Talk to successful people – business owners and millionaires. Learn from people who understand the trend and what’s going on the industry they’re in.
Have mentors and be in a mastermind group. Share your ideas to your mentors. You’ll learn something from them to improve it.
Watch documentaries and autobiographies. You learn how successful, wealthy people go through their day-to-day, their decision-making process, and their creative process. These featured individuals have different ways to make money. They made money out of anything.
Be naturally curious. When strolling, be observant. There are ideas around you, you just have to be on the lookout of what’s the money-maker.
Compartmentalize your time so you get new ideas to come into you. Rob suggests doing meditation.
Talk to customers. Listen to what they say. Get feedback. Know what they think of your products and service compared to your competitors. Deal with complaints head-on.
See what’s trending. Use Google Trends, Twitter trending, etc. Through these, you’ll know what the market demands.
Research different niches and different industries. Look at what they’re doing good at the other side of the fence. What do good disruptive companies do? Adapt effective strategies and hybridize them into your niche
Have a real desire and hunger to solve a problem. You’ll get more money, more customers, and bigger opportunities.

BEST MOMENTS

"When you have mentors and in a mastermind group, what you mustn’t do is dismiss what they say and just get them to agree with you.”
“You gotta listen to the world and markets – what they want. It’s not just ‘Supply’, it’s ‘Demands’ too.”
“[Looking at] different industries mean you can borrow things and hybridized them into your niche to create new and exciting.”

VALUABLE RESOURCES

The Chimp Paradox: The Mind Management Programme to Help You Achieve Success, Confidence and Happiness by Prof Steve Peters
The Disruptive Entrepreneurs Community Facebook Group

ABOUT THE HOST

Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.

“If you don't risk anything, you risk everything”

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