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Need is the mother of all invention, demand is the mother of new business.

SG_partners_makemoneyEver wonder how you decide what business would be the most profitable for you?  It is a well documented fact; when you need something is when you will most likely be able to invent something, simply because it when you are most often susceptible to new ideas. Often, an invention will occur naturally. The need to keep warm is what ultimately led to the discovery of fire.

The demand or popularity of a product or service is what fuels business.  It is common sense when you think about it.  Why would you think about starting a business for a product or service that no one wants?  That would amount to financial suicide.

What exactly are current business demands that could possibly make you a considerable amount of  money?

  • Outsourcing and free lance work
  • Blogging, writing and SEO
  • Social Media
  • Travel
  • Health and well being
  • Beauty and Fashion
  • Computer gadgets and peripherals
  • Marketing
  • Pets

What do most of these things have in common?  They all have a human relations factor involved.

It seems that the demand clearly is to have your business related in some way to dealing with people in some way,shape or form.

This is not set in stone, merely a good starting point for deciding what business you want to go into.

How is the best way to find information on this?  Simple, hang out where people hang out and find out what they are interested in. By doing this, you just may get an inkling of what a successful demand for business currently is. Hopefully, it is  something that not to many people are actually involved in.

You do not want to be part of a product or services that is currently flooding the market. Although it may be popular, if there is too much competition out there ,it is simply to hard to compete when your first starting out because you need to learn too many things to catch up.

What you may want to do is add something unique to the area if you consider doing so.

A short time ago, there existed  a huge demand for social media managers.  Companies would hire anyone who even had any knowledge related to this field.  As  a result, there are were so many incompetent social media managers running things because the people who actually knew anything about this area were simply selling their knowledge, no one was actually doing the tasks themselves.

In the end the only people who are actually making money in this field were the ones who chose a specific specialty in the area.  Other social media companies  hire them to deal with their clients because they simply cannot do it themselves.

The demand for new business is there, you just have to reach out and grab hold of it.  If you sit around and wait for opportunities to fall in your lap, chances are you will be waiting a very long time.  Did you not ever listen to anything your mother said? I can still here mine ringing in my ear, “success is what you make it.”  Yes mother, I hear you and I love you too!