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Innovative Business Ideas

We've described their work elsewhere onsite, but here we post even more from Trendwatching.com and Springwise.com, two invaluable resources for trend-spotting and innovative business ideas. These are sister sites, established in 2002 and headquartered in Amsterdam, The Netherlands.

Trendwatching is geared toward marketers, CEOs, researchers, or anyone interested in the future of business and consumerism, in dreaming up new goods, services and experiences for and with their customers. Springwise, directed more toward the budding entrepreneur, head of a start-up, management consultant, marketing manager, consumer insights expert, trend watcher, journalist, private investor, business development director, venture capitalist, etc., presents the world's most promising new business ideas, new business concepts, and young ventures.

Whatever your focus, you'll find something of interest in these briefings, based on information gathered by 8,000+ spotters in more than 100 countries.

In a frequently reprinted article entitled Target Marketing Strategy Find Your Own Niche Market, Bob Leduc tells us that

[a] niche market is a narrowly defined group that includes all of the following:

  1. Individuals in the group have the same specialized interests and needs.
  2. They have a strong desire for what you offer.
  3. You have (or you can create) a compelling reason for prospects in the group to do business with you instead of with someone else.
  4. You can easily reach individual prospects within the group.
  5. The group is large enough to produce the volume of business you need.
  6. The group is small enough that your competition is likely to overlook it.

Niche ideas are everywhere. Finding them involves thinking in a different way e.g., thinking about making products and services relevant by incorporating "attributes" and features that cater to distinct consumer lifestyles and situations (see Nichetributes).

Visit or tune-in to...

Think about a service you can provide, something you can create to complement a particular product or service already provided, something that enhances user experience. If you've got a passion for something, build upon that...

Niche Ideas?


MAKE: technology on your time
- Current Issue

O'Reilly Media, Inc. publishes MAKE: technology on your time, a quarterly "mook" (a hybrid magazine/book) that is available by subscription ($8.95/issue) [@ Amazon, Makezine.com, Craftzine.com], or as individual paperbacks. Single issues may be purchased on newsstands, from participating retailers, and from O'Reilly. MAKE is full of stimulating ideas and exciting projects that celebrate your right to tweak, hack, and bend any technology to your own will.

Make: television (beginning in January 2009) is the DIY series for inventors, artists, geeks and just plain everyday folks who mix new and old technology to create new-fangled marvels. The series encourages everyone to invent, revent, recycle, upcycle, and act up. Each half-hour episode inspires millions to think, create, and make.

O'Reilly also publishes CRAFT, the first project-based magazine dedicated to the renaissance that is occurring within the world of crafts. CRAFT aims to unite, inspire, inform and entertain a growing community of highly imaginative and resourceful people who are transforming traditional art and crafts with unconventional, unexpected and even renegade techniques, materials and tools; people who undertake amazing crafting projects in their homes and communities.

Riches in Niches: How to Make It BIG in a Small Market

In Riches in Niches: How to Make It BIG in a Small Market (2007), Friedmann explores the multiple factors that separate the "experts" from the service professionals who may have identical if not better skills, but whom no one has ever heard of.

You will learn:

  • Why positioning yourself as an Expert in a Niche is the most surefire route to success any service professional could want.
  • The GEL Formula: Friedmann's proven technique that shows service professionals how to find the professional niche that makes the best use of their skills while yielding maximum profit.
  • The Seven Secrets nichepreneurs need to know to create, claim, and benefit from their Expert Identity.
  • Creative ways to create secondary, even tertiary, income streams capitalizing on the benefits of "Being the Expert."

Niche and Grow Rich

In Niche and Grow Rich: Practical Ways of Turning Your Ideas Into a Business (2003), small-business experts Jennifer and Peter Sander persuaded successful niche business owners to share their secrets of long-term success. They outline the whole process from start to finish from the first glimmer of the business idea to the day the new company opens its doors, and beyond. This book is filled with practical applications brainstorming techniques for developing business ideas, analytical tools for assessing the size of a target niche, and marketing techniques for reaching customers quickly.

Jennifer and Peter Sander own Big City Books Group, a niche publishing, consulting and book development firm. Jennifer has owned and operated several niche businesses, from gourmet coffee roasting to mail-order travel books, from a successful dot-com to a unique crafts business. Peter has an MBA and spent 20 years as a high-tech marketing specialist before turning his talents toward helping entrepreneurs develop new marketing approaches.

Springwise
www.springwise.com


03.02.12
Single-estate coffees curated and delivered monthly to the door

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Kopi is a UK-based subscription service offering single-estate coffees from around the world direct to consumers' doors.
03.02.12
Offline to online platform rewards diners with Facebook credits

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Plink is a credits-based loyalty program that rewards Facebook users for dining at chain restaurants.
03.02.12
In Norway, dog ‘locker' keeps pets safe while owners shop for groceries

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In Norway, pet “lockers” outside a grocery store now offer dog owners a way to keep their canine companions safe and dry while they get their shopping done.
02.02.12
Restaurants' takeout menus made interactive via QR codes

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Los Angeles-based Paperlinks have created a service that lets restaurants embed their takeout menus with QR codes for quick and seamless mobile ordering.
02.02.12
Facebook app helps friends share books, DVDs and video games

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StuffPal is a Facebook app from Los Angeles-based Loconuts that facilitates the sharing of books, DVDs and video games among friends.
02.02.12
In the UK, cotton tampons delivered by monthly subscription

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UK-based Trinkets offers women a way to get tampons delivered on a monthly basis direct to the door.
01.02.12
Wise Words with Jesse Potash

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Jesse Potash is the founder of PUBSLUSH, a publisher with a non-profit extension that enables book fans to fund the new novels they wish to see published.
01.02.12
Pedometer wristband motivates schoolchildren to be active

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MOVband is a wristband pedometer designed to motivate and reward exercise.
01.02.12
Modular chocolates customized three ways

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French designer Elsa Lambinet's Sweet Play lets those with a sweet tooth create customized modular chocolate treats.
01.02.12
“Buy one, donate one” promotional videos

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For every video they make for a tourism company, Timbooktwo will produce another free for a charitable organization.

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