Sources Of Wealth Yeilding Ideas
edited: Monday, September 11, 2006
By Chinedum Azuh
Not "rated" by the Author.
Posted: Monday, September 11, 2006
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Ideas comes through prayer,study,combination of ideas,meeting people's needs etc.
SOURCES OF IDEAS
PRAYER. When you pray, you consult with the infinite mind. God is the source of all ideas for he is the creator of all things. God says in Jeremiah 33:3, “ call to me and I will answer you, and will tell you great and hidden things which you have not known.” When you are in need of an idea, ask God, who gives to all men generously and without reproaching, and it will be given you.
MEDITATION. A very starling study reveals that only 5% of the human population thinks! Fifteen percent think they’re thinking, while the remaining 80% would rather die than think.
Most times ideas do not just drop. Ideas come through conscious process of meditation.
Meditation is the principal asset of every genius. Meditation is one of the major avenues to receive sounded ideas. Over 70% of the problems I have encountered where solved through meditation.
You need to spend time to be quiet. Listen to your heart. Just be silent for an hour, and you will be surprised about the kind of ideas that will flow into your mind. Meditation is the mother of inventions.
STUDY. You can get sound ideas through studying inspirational, motivational business books and informative publications. Your wealth of specialized knowledge determines how far you go in life. When you read books, you are actually having a conference or meeting with the world’s greatest minds. I believe you must have received some good ideas through the reading of these books. I urge you to go ahead and implement them.
COMBINATION OF IDEAS. No man is an island. The author of the excellent book titled, “ A Technique for producing ideas, said, “ an idea is a combination of Old Ideas.” When you combine 2 or more existing ideas, you get a new idea. The faculty of imagination will help you in this process.
SUCCESS DIGEST, the N0 1 life changing magazine in Nigeria is a combination of ideas contained in, “Income Opportunity and Entrepreneur magazines,” all in America.
FAILURE. Napoleon hill said, “failure and every adversity carries with it the seed of an equivalent benefit, and start where you stand to recognize that seed and begin to germinate it through action.” Clarence Saunders’ failure as a store clerk yielded him an idea from which he made a profit of $4million in four years. That idea was the Piggly-Wiggly system of self-help grocery stores.
BENEFIT-STRUCTURE METHOD. This is a means by which you survey consumers’ reaction to a specific benefit they desire from a product or service and to its physical characteristics. What you need to do here is to take note of their reactions in terms of what they desire and perceived deficiencies in benefit and characteristics. You now compare the percentage of those who desire a specific benefit but did not get it from an existing product or service. Then after your findings, you now create a new product or service with their specific desired benefit incorporated in order to meet their needs.
LOW INCOME EARNERS. This is a good source of ideas. If you take time to study carefully you will discover that certain products and services are exclusively for a particular class of people. This does not mean that other classes of people are not interested in it; maybe they were being deprived of that product because of economic reasons.
What you need to do in this area is to come up with a product or services that they could afford and also satisfy them.
An example of this is the introduction of sachet water (pure water) to serve the lower income earners that were unable to buy the bottled water like Ragolis, Swan & Eva table water.
Remember that an idea acted upon is enough to make you a rich man.
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