Step 1: Make a List of Ideas about Owning a Car Dealership, Becoming a dog breeder, and Playing Drums.
While there is no set number of ideas that need to be generated to produce a viable one, generate at least 10 ideas that meet the criteria.
Step 2: Determine the Potential Opportunity
Next to each idea write two to three sentences describing if you think the idea is viable or not. Comments about the potential product
or service can include:
Who you think will be the customer?
Why you think customers will buy the product or service?
Why you think the product or service is needed?
Are resources available to create the product or service?
Is there potential to make a profit with the product or service?
Are there any constraints to creating the product or service?
Owning a Car Dealership:
1. Create a luxury car dealership targeting high-income individuals who are looking for high-end vehicles. This idea is viable as there is a market for luxury cars, and there are resources available to create a showroom and supply the cars.
2. Establish a used car dealership that focuses on providing reliable and affordable cars for families and individuals on a budget. This idea is also viable as there is a demand for affordable used cars, and resources can be obtained through purchasing pre-owned vehicles.
3. Start a dealership specialized in electric cars to cater to the growing market of environmentally-conscious consumers. This idea is feasible as electric cars are gaining popularity, and there is potential for profit by meeting this demand.
4. Open a car dealership specializing in classic and vintage cars, targeting car enthusiasts and collectors. This idea has potential as there is a niche market for classic cars, and there are resources available to source and restore these vehicles.
5. Establish a car dealership focused on catering to the needs of the commercial sector, providing commercial vehicles to businesses. This idea is viable as there is a demand for commercial vehicles, and resources can be obtained through partnerships with manufacturers and leasing companies.
Becoming a Dog Breeder:
1. Start a dog breeding business specializing in purebred show dogs for competitions. This idea could be viable as there is a market for show dogs, and resources can be obtained through acquiring pedigree dogs and participating in competitions.
2. Establish a breeding program for therapy dogs, targeting hospitals, schools, and individuals in need of emotional support animals. This idea is viable as there is a demand for therapy dogs, and resources can be obtained through proper breeding practices and training programs.
3. Start a dog breeding business focusing on crossbreeds or designer dogs. However, this idea may face some constraints as there are controversies surrounding designer dogs and potential health issues. Nevertheless, resources can be obtained by acquiring suitable parent breeds.
4. Establish a dog breeding business that specializes in working dogs, such as service dogs, police dogs, or search and rescue dogs. This idea is viable as there is a demand for trained working dogs, and resources can be obtained through training programs and partnerships with organizations.
5. Start a dog breeding business focusing on rare or exotic breeds that are not readily available in the local market. This idea may face constraints due to the limited availability and higher costs associated with obtaining these breeds, but there could be potential profit for targeting niche customers.
Playing Drums:
1. Offer drumming lessons for beginners, targeting individuals of all ages who are interested in learning to play the drums. This idea is viable as there is a demand for music lessons, and resources can be obtained through acquiring drum kits and educational materials.
2. Establish a drumming performance group that entertains at events such as weddings, parties, and corporate functions. This idea is feasible as there is a demand for live entertainment, and resources can be obtained through purchasing professional-grade drum kits and marketing efforts.
3. Start a YouTube channel or online platform providing drum tutorials and instructional videos for drummers of all skill levels. This idea is viable as there is a demand for online music lessons, and resources can be obtained through video production equipment and digital marketing efforts.
4. Create a drumming app or software that allows users to simulate playing drums or provides drum lessons. This idea is feasible as there is a demand for music-related apps and educational tools, and resources can be obtained through software development and marketing efforts.
5. Establish a drum maintenance and repair service, catering to drummers who need their drum kits tuned, repaired, or customized. This idea is viable as there is a demand for drum maintenance services, and resources can be obtained through acquiring the necessary tools and marketing efforts.