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How To Identify Profitable Business Opportunity And Idea - Investment - Nairaland

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How To Identify Profitable Business Opportunity And Idea by dav8id(m): 12:05am On Jul 12, 2015
For any Business you decided to do , you Must answer the following questions and if you can then you really got the business.



No.1:Is there a targeted market or buyers for the business you are about to start,? are people willing and ready to buy the idea? or service/products? thenrespond or the inside answer you get will determine your fate ether to start the business or not. Thebanswer here most be yes and if it yes then you have a business idea but if its no then don’t go for the business idea.



No.2. Can the business be a capable to make you daily income? can it bring in daily money into your pocket and can you sell to hundrend and thousand people ? can it be a problem solve busines that can make people desperate to buy from you? if the answer is yes then you have a business.



No.3. Can the business idea solve a immediate problem? can it always be an alternative to other similars service/solution? if yes then you have a business but if no then leave it.



No4: Can you earn lot of money from the business opportunity, can it be a kind of business that people will need it on a daily days activities?.



To make it in business is not a matter of working hard but smartness and the ability to select a business idea that answer and solve our daily problem. For you to succed in any kind of business then ,the business most be what people really need and willing to pay for it or buy it.



Discovery a business that can make you daily income is what really make others businessmen different from each others. A business that can’t make you a daily income then its not a best business to focus on or to start with. One can do others business that can not give you daily income but as a second business but not a first business.



Go now and start your business but before then, try and see if that business ideas of yours met with the above question before you make your final decision , as wrong decision lead to ever failure in business.

Source : http://davidprof.com/blog/how-to-identify-profitable-business-idea/
Re: How To Identify Profitable Business Opportunity And Idea by LONGFELLOW02(m): 9:18pm On Jul 12, 2015
Oga boss share small with us out surplus profitable bizness idea you have
Re: How To Identify Profitable Business Opportunity And Idea by Angelstartups(f): 2:07pm On Jul 18, 2015
Great from @dav8id.

Hello Entrepreneur,

Are you between 18 and 50 years of age?
Is your business going to create sustainable jobs for other young Nigerians?
Are you bullish about your idea/ business and confident it has the potential to generate significant revenue to sustain it?

Then, this is for you!

Introducing, PITCH2WIN 2015 SEASON 1 EPISODE 1, a once-in-a-lifetime opportunity to win thousands of dollars as grant for your idea/ business as a startup. Competition opens July 20, 2015 and closes August 31, 2015.

HOW TO PARTICIPATE
Visit www.angelstartups.com.ng
Sign up for free as an Entrepreneur
Complete your profile, with the short proposal template included
Record a quality 2-minute video pitch of your concept/ business (could add some hard evidence to show progress of business)
Upload it to YouTube
Go to PITCH2WIN application page to add the YouTube link
Submit your application for approval and receive as many UPVOTEs as possible from friends/ families via social media daily for 30 days (1 UpVote= 1 point, 1 DownVote=(-1 point)) - This is a test of your ability to market yourself
After Round 1, the Top 20 Pitches move to the Final Round- where only PITCH2WIN Panel of Judges will decide who wears the crown and takes the cheque- PITCH2WIN 2015 SEASON 1 EPISODE 1 promises to be fun and rewarding!

Remember to be confident and speak out to PITCH2WIN!

Visit www.angelstartups.com.ng for more information and gear up for the Journey of a thousand miles starts NOW!

Cheers!

TIPS TO PARTICIPANTS
This is what investors want to see in your Pitch:
Confidence- Charisma
Clarity of Purpose
Vision/ Goal oriented
Legally Feasible, Commercially viable ideas
Potentially lucrative- the returns

So here is it:

In 2 minutes your Pitch MUST answer these questions?
What problem are you trying to solve?- Make sure it is a well-defined problem
Who are those that face/ experience this problem?- Make sure this is a well-defined Target Market (TM), Don't go Generic here please!
Then, How does your product/ service solve this problem for those people (TM)?
Then, Investors want to know how your business/ idea intends to make money to sustain itself- Here talk about your pricing model & why
Finally, investors want to be convinced you can actually translate all those theories into reality, so take them through your Proof Points (USP)- these could include customer growth, revenue potential, quality management team, quality clients and so on.


Note: Try to be as brief and concise as possible
Re: How To Identify Profitable Business Opportunity And Idea by chudy144(m): 9:09pm On Jul 18, 2015
Any little opportunity people see nah to start to advertise weyting no get resemblance with what the op is talking about.

Matches!

Even if you must advertise at least use sense and put it where they are talking about such thing no be just to post Z where dem dey talk B.

1 Like

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