Is it a good idea?

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You want to try some new marketing ideas. How do you know if you’ve got a good one?

A bad idea tends to feel bad almost right from the start. You’re forcing yourself to do things you don’t want to do, and feel like you’re wasting time and/or spending money you shouldn’t spend.

A good marketing idea, on the other hand, tends to have these characteristics:

  • Offers services with strong market demand, giving people what they want, not necessarily what they need.
  • Has the potential to provide significant growth or profit. If successful, it could triple your revenue over the next year or two, for example.
  • Generates its own momentum. In the beginning, you’re supplying all the energy to get the idea off the ground. Eventually, you see things starting to happen seemingly on their own. People contact you, for example.
  • Is a good fit for you–your skills, experience, niche, network, and your style. It feels right, especially compared to other things you’ve tried.

The trick is to give the idea enough time and space to prove or disprove itself. You don’t want to hang on to a bad idea too long, but you don’t want to give up on a good idea too soon.

Knowing which is which is the hard part if all you do is look at the numbers. You have to learn to trust you gut.

Good ideas often reveal themselves when you’re in the middle of doing other things. So, make sure you try lots of things, and give them enough time to show you what they’ve got.

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