So many people are seeking ideas for making money and come across many of them in their quest – but why is it so hard to find good money making ideas? This seems to be the question most would be entrepreneurs ask themselves – almost continuously. It is why wanting to make money or work for yourself can be so frustrating but more importantly why so many less reputable people see the opportunity for taking hard earned cash from people desperate to set up a new business opportunity.

There are no shortage of money making ideas, the trick is to find a good one – not only one that will work but one that actually suits you. This is where most business opportunity seekers go wrong. They are lured with the promise of making easy money and seldom pause to think about the way it is going to be made! This is important, because if you are able to find some work or business that suits you then you will make money – and are most likely to be satisfied as well.

Take for example multi level marketing, sometimes called network marketing or mlm – this business has a reputation for providing a meagre return for those that attempt it. The companies using this method of selling rely on a regular recruitment of marketers by a small cadre of enthusiasts who are able to make significant sums from the business. An example is the top sales representative for Avon cosmetics in the UK. She runs some 1700 sales persons each of whom turn over a small sum but collectively earn her about $200,000 per year. Why is she successful? because she loves the work and in particular is able to motivate a large number of much lower achievers to earn her large amounts of commission. She is a people person and a good administrator. The business suits her and she does well. Thousands of others are lured into this form of marketing thinking that they will become rich and only manage a few $. They do not like continually meeting people, motivating them – arguing with them.

So how do you go about finding a good money making idea that is suitable for you? How do you recognise the best business opportunities? Ask yourself what it is you like to do – not the specifics like fishing or motor racing – but very general questions like:

1. Do you like meeting new people?

2. Do you prefer to work alone?

3. Do you understand business?

4. Are you financially astute?

5. Are you creative?

6. Can you write interesting content?

7. Do you like to move around or would you rather work at home?

8. Do you want to work outside?

9. Do you want a big business or a small business?

10. Do you seek recognition?

As you work through these questions you should write down answers – in bullet point. The questions will trigger more general questions and ideas will start to emerge. If an idea crops up as you are answering the questions pop down a reminder on the other side of the page to your bullet points. For example, when asking yourself about whether you understand business you might think of the idea of franchising where the business model is provided for you and you need to provide the entrepreneurial management to make it work. A little later you might come up with an idea for a particular type of franchise and this must be jotted down for future research.

You are building up what might be considered to be a “mind map” by this brainstorming. This is an effective and recognised way of reaching an initially unseen goal – and could well assist you with finding a good money making idea!

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