When selling a product, a lot of people make the mistake of
developing their product first, and then trying to find a market for it.
Of course, the process should be reversed.
Find a market first that spends money, then find out what they want
and give it to them.
It is certainly easier said than done, but there are a lot of places
online where you can do your market research for free. They've done most
of the work for you already. You just need to know where to go and what
to do to connect all the dots.
Let me show you the process I go through when I'm trying to
brainstorm for ideas.
For starters, I'm always aware of trends and current events in the
real world. I read several newspapers each day, many magazines, both
general and niche-specific, I watch the news, I listen to the radio.
Occasionally something that I hear or read will stick with me. I may
record my thoughts on my portable voice recorder; jot down some notes,
whatever happens to be convenient for me. Sometimes I'll call my office
voice mail and leave myself a message.
But at some point I'll have several broad ideas to research. I want
to look deeper. And I want to make sure there is a good market for them
before I even think about creating a product.