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PROTECT YOURSELF FROM SCAMS!  Research all business opportunities thoroughly, and never blow off other people's bad experiences.  Ask around (and listen!).  The Scams101 Message Board is a good place to start.  What's that?  You've found a Biz Op and you're wondering if it's endorsed by FIB?...  Not unless it's listed in MaaMaw's Magnificent Toolbox.






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FIB - Scams 101

Re: Check an idea

Posted By: Tom Brownsword
Date: Friday, June 22, 2007, at 11:59 a.m.(pst)

In Response To: Check an idea (T-1000)

>> Hi all...
>> ...just wanted to ask this question: I have an idea for providing a
>> particular service on the internet, how do I check whether it is worth
>> pursuing without it being stolen by others?
>> ...I mean it's kind of hard to ask around without disclosing the whole
>> idea, right?

>> Thanks for your replies.

The answer to the question -- how do I check whether the idea is worth pursuing -- is quite simply answered. If there's a market that's willing and able to pay for it, then you may want to consider pursuing it.

Depending on your mindset, you may want to further pursue it only if you can set up an automated solution (some people don't mind performing a service repeatedly, in which case the "trading time for money" model would be OK).

The first thing you want to see is if people are looking for what you are offering. A quick way to check this would be to write down what YOU would type into a search engine if you wanted your product or service (list as many search phrases as possible), then head over to the Wordtracker free keyword tool at http://freekeywords.wordtracker.com (or use the paid version if you have already subscribed) and enter in those terms. Take a note at the number of searches that have been done on those terms. This will give you an indication of demand. Of course, the higher the numbers, the better.

Next, head over to Google and type in those same terms (in quotes) and note the number of results for those searches. In this case, the fewer the better.

You then have to decide the following:

1. Is there enough demand?
2. Is there insufficient supply (or can I get my site ranked high enough to get noticed when somebody searches for the solution I provide)?

If you decide that it's worth pursuing, don't forget to ask yourself if you can do so profitably.

Hopefully this will get things started for you.

Best regards,
Tom

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(you know who you are... you scream "Foul!" when the truth comes out)
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