3 Steps to Find your Million Dollar Business Idea

In this newsletter, I'll walk you through how to generate limitless ideas in any niche.

Stick with me until the end—I’ve got a challenge and a handy template waiting for you!

First things first, you need to find your Million-Dollar Idea.

Now, what exactly is a Million-Dollar Idea?

It's not what you think.

A Million-Dollar Idea isn't about reinventing the wheel or coming up with something never seen before.

It's about finding the sweet spot where:

1. Your skills and expertise intersect with...

2. A growing market need, and...

3. Your ability to deliver unique value

It's an idea that solves a real problem for real people who are willing to pay real money.

Here’s how to find yours:

Step A: Uncover your top skills

→ List 10 things you're good at (personal and professional)

→ Ask 5 friends/colleagues what they think you excel at

→ Review your past job responsibilities and achievements

Step B: Identify growing niche markets

→ Use Google Trends to find 5 growing topics in your areas of interest

→ Check the top 100 bestsellers on Amazon in 3 different categories

→ Browse AngelList to see what startups are getting funded

(Check the Top 500 Niche list for ideation)

Step C: Find the perfect intersection

Create a 10x5 grid or use this template

→ Your skills on one axis, growing markets/niche on the other

→ In each cell, write a potential business idea combining that skill and niche

→ Circle the top 3 ideas that excite you the most

Example:

Let's say one of your skills is graphic design, and you've identified sustainable living as a growing niche market.

In the cell write your idea: "Design infographics for eco-friendly brands to explain their environmental impact "

More examples below:

Challenge for you this week 💪

1. Complete the 'Skill-Market Matrix' worksheet

2. Share your top idea in our free Whatsapp group for feedback

Your Million-Dollar Idea is literally hiding in plain sight.

It's at the intersection of what you're good at and what the market actually wants.

Now it's time to uncover it.

Don't let this be just another email you read and forget.

Take action. Fill out that Skill-Market Matrix.

Your future self will thank you.

Next week, we'll dive into how to validate your top ideas and choose the one with the most potential.

You won't want to miss it.

Got questions? Stuck on your matrix?

Join our WhatsApp group: I'm here to help you succeed.

Until next week,

Noemi