TWO FREE BUSINESS IDEAS AND THE XPRIZE
A business executive or business consultant will charge you a high fee for these two business ideas and they will want to charge you more to help you to do a business plan and charge you an additional fee to set up these businesses. Take my advice; you do not need business executives or business consultants to tell you how to set up these businesses, because I know someone who set up these two businesses without the help and advice from anyone.
The billionaires’ documentaries will show you how these people live and what their lifestyles are. You will see what kinds of goods and services they consume. This will give you an idea for a product that you can supply to them. You can also supply a new product in their market that you know they will buy. Simply do a detailed study of their lifestyles, how they think and how they live. If you studied psychology, you can do a quick psychological profile of them. If you are observant, take a note of their lifestyle. Once you make a list of products that you know they will enjoy, make a move, do the research, set up a small business and provide the products for them. There are a number of countries around the world where you will find millionaires and billionaires living in one community, one city or one region. Marbella in Spain, Dubai, London, California and Vancouver are some places where millionaires and billionaires are concentrated. If you can find a product that these people will consume, then you can supply it to them.
I will give you two examples of how a friend made his first million in a month. The idea he had was based on the fact that a new product can be introduced in a specific market. He knew that in Marbella, Spain, the rich and famous like to hold regular weekly showers using wine and rum, instead of water. He quickly got a liquor import license and imported wine and alcohol from Caribbean countries. Why he chose these countries? (1) Because the wine and rum were never seen in Marbella, Spain by anyone because they were never imported and used there before. (2) Another reason is that the taste of the wine and rum were also different for the people in Marbella, Spain. For these two reasons, the products were used by the rich and famous during their showers. Since the rich and famous have deep pockets they will pay any price for an exotic product to take a shower with. A profit of 200%, 500%, 1000% can be made on each bottle of wine or rum. You can determine this price.
My friend sells the imported wine and rum to the shops and restaurants in Marbella, Spain. Since wine and alcohol are consumed by the people, there is a daily need for these products. For the two reasons, the difference in products and the difference in taste, the people there like the products. He took his profits and invested in properties in three different countries around the world.
The two ideas that I am presenting here are simple. There is always the need for different kinds of wine and rum that are different in appearance and taste, which will be used by the rich and famous to drink and to take showers.
THE XPRIZE
For additional ideas on innovations and inventions, you should visit the XPRIZE website. This website provides information on past, present and future prizes for technologies developed and what needs to be developed. The website explains what technologies are immediately needed on a global scale. These technologies are needed to alleviate the hardships that people face in the developing and underdeveloped countries. An explanation of the importance of these technologies and their benefits to mankind are on the website. This should encourage you to enter the competition.
You can see which XPRIZE competition you would like to enter and register for it. Follow the instructions and stick to the deadlines. Then form a team with trusted friends and relatives who will help you with this project and start developing your idea into a working prototype.