I get a lot of people asking me for advice about what kind of business to start. On www.www.morebusiness.com we periodically review some of the top businesses based on trends or personality.
One piece of advice I give a lot of people is this: Find a product no one else has and bring it to market.
Think of the great products that have earned millions of dollars for people: Pet Rocks, Teenage Mutant Ninja Turtles, Hula Hoops. These three spring to mind. Someone made them, someone brought them to market and made a lot of money. And it doesn’t always happen in your neighborhood. In some cases, you have to go beyond your borders to find products that aren’t in the market.
Find good leads on this kind of stuff at www.alibaba.com and www.fita.org. Don’t get bogged down with red tape (which happens when you bring stuff in from other countries). If you believe in it and think you’ve got what it takes to make it big, get it to market!
There’s good stuff out there … not all of it is in the US. But maybe it needs to be. Thanks to the Internet, it’s a smaller world out there. You may bring to market the next big fad!
