4 ways to brainstorm billion-dollar business ideas

Photo by Alessandro Bianchi on Unsplash

Method #1 — Find a problem

Method #2 — Dream big into the future

  1. Ask yourself this question, “What important truth do very few people agree with you on?”
  2. Do not answer something like, “Our educational system is broken” or “There is no God”. The first answer is already widely agreed on, and the second one just takes one side of a familiar debate

Method #3 — The Copycat Method

  1. Step 1 — Research businesses in the space you’re aiming for. You can research businesses in the fintech space, productivity, e-commerce, etc. Just find a space you are at least a bit knowledgeable about and have a passion for.
  2. Step 2 — Now, create a list of businesses. List their description, pros, cons, and biggest areas for improvement. Keep this in a nice organized list where you can come back later.
  3. Step 3 — Circle and highlight the businesses with the most significant areas of improvement. Let’s say some companies are outdated or are just out of touch with society. Find something to fix or add. Find a way to make it better and innovate. In other words, just find an improvement. After you’ve highlighted a few businesses, now just pick one and go!

Method #4— Trend Jack

  1. Step 1 — Spot a trend. Read news articles, blogs, podcasts, etc. Find trends. For example, right now a trend could be crypto
  2. Step 2 — Find the gold miners. Here, you want your idea to be a pickaxe idea, meaning instead of mining for gold, you sell pickaxes to all of the gold miners. But before you can sell pickaxes, find your gold miners. In our crypto trend, our gold miners could be crypto investors, crypto followers, or crypto miners.
  3. Step 3 — List out possible pickaxe ideas. You should come up with a huge list of pickaxe ideas. Go with one, and let’s get going!

Conclusion

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