4 Ways to Generate New Business Ideas

Many people have the same problem — they are running out of ideas to generate new business. Whether you’re a small-time entrepreneur or a large corporation, it’s essential to keep coming up with new ways to create more revenue. We will discuss four different strategies for generating new business ideas that will help your company grow.

1) Make a list of all your competitors’ products and services

Most people don’t like to think about their competition, but you must. Your customers are the same as other people — they want what others have too! When thinking about new business ideas, always take into consideration both direct and indirect competitors. For example, if you are a digital marketing agency, then Yelp might be your direct competitor. But indirectly, they compete with Facebook and Twitter because customers who use those platforms also use Yelp to find local businesses in their area.

For the full article, visit Anne Marie’s website.