Generating ideas for new products and services

Target a new audience with the same products (e.g., LED shoes can be marketed to music festival goers or runners). Curate products from different suppliers to create a store that serves a specific niche. Maybe you recently traveled abroad and came across unique products that aren’t readily available in your market but that you sense an appetite for. Or maybe you’ve zeroed in on a niche market and know the perfect way to serve it. Start your free 14-day trial of Shopify—no credit card required.

Keep in mind that customer loyalty, as well as customer retention, are a key part of maintaining recurring revenue. Consider selling stock photography by either opening your own storefront or selling photos to established stock photo websites like Adobe Stock, iStock, or Shutterstock. Esports and video game streaming platforms like Twitch have opened the door for gamers to gain notoriety—and eventually money—from their talents. The … Read More