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  1. Solve an existing problem for people. There are
    thousands of problems in the world. Create a product
    that can provide a solution to one of those problems.
  2. Find out what’s the current hot trend. You can find
    out what the new trends are by watching T.V, reading
    magazines and surfing the net. Just create a product
    that’s related to the current hot trend.
  3. Improve a product that is already on the market.
    You see products at home, in ads, at stores etc. Just
    take a product that’s already out there and improve it.
  4. Create a new niche for a current product. You can
    set yourself apart from your competition by creating a
    niche. Your product could be faster, bigger, smaller,
    or quicker than you competitor’s product.
  5. Add on to an existing product. You could package
    your current product with other related products. For
    example, you could package a football with a team
    jersey and football cards.
  6. Reincarnate an older product. Maybe you have a
    book that’s out of print and is no longer being sold.
    You could change the title, design a new front cover,
    and bring some of the old content up to date.
  7. Ask your current customers. You could contact
    some of your existing customers by phone or e-mail
    and ask them what kind of new products they would
    like to see on the market.
  8. Combine two or more products together to create
    a new one. For example, you could take a brief case
    and add a thermos compartment inside to keep a
    drink hot or cold.
  9. Survey the people who visit your web site. You
    could post a survey or questionnaire on your web site.
    Ask visitors what kind of products they would like to
    see on the market.
  10. You could create a new market for your existing
    product. For example, if you’re selling plastic bottles
    to a pop company, you could turn around and sell
    those bottles to a fruit drink company.

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