You will not find any successful creative business model that came out without the help of creative entrepreneur ideas. Some of the innovative ideas were so simple but effective that you will be wondering why no one thought of them before.
But those unique business ideas left some sort of inspiration toward us for searching some other great ideas like them to change the business world.
In this article, we will discuss some of the best entrepreneur ideas and how they revolutionized a particular market, industry or customer behavior through an innovational process.
The success of all creative ideas does not necessarily have to come from some large companies every time, some of the great creative business models can come from any creative entrepreneur ideas and any size of company can develop a business strategy to perfectly apply them in their own spin.
Here, we will have a look at some of the best innovative companies who provided some great creative business ideas toward us to learn the most important lesson they left behind to follow on.
Find Platforms to deliver the best:
Amazon, a giant online product sales company has developed an online device for reading pdf files and books from their website. The idea becomes one of the best online libraries in less than 5 years. This innovative idea creates a platform that very similar to the iTunes phenomenon that also creates an online platform with the intention of selling a large-scale of intangible products.
Now applying those unique business ideas Amazon is selling thousands of digital books in the online and becomes one of the best profitable companies in the world.
Recycling the old one for developing new products:
We can easily develop a creative and innovative technique for converting all used tires as a waterproof roofing material in real estate business. In Mexico, one of the creative business entrepreneurs has already implemented these creative business ideas in their business model and got a huge success. This innovative business idea has influenced us to explore the next big business ideas. Now we can try to develop an idea of using others trash in some creative invention application.
We usually burned these tires for lack of our practical knowledge of tires recycling uses. You may see on a very small scale that some small companies like shoe shops and shoe repair store who are applying this tire wastage as a sole of the shoes to give them a greater durability than other normal shoe soles.
Grave any rights expired patent to develop new business model:
One of the fastest growing profitable companies in North America’s region is similar pharmacies. This creative business model of similar pharmacies has developed based on this business idea where medicine will be sell with high discounts price compare to other branded medicine.
You will find many medicine manufacture plant out there whose patent has already expired and they can become creative business opportunities for you to set up a brand new business model. There are definitely other rights reserved that has already expired and become a universal property for others to attract the innovative entrepreneur for developing their business opportunities in there.
Delivery your products to the customers on time:
Companies like Pizza Hut and Dominos Pizza has formed these creative business ideas of product delivery process in less than 30 minutes to create a huge competitive advantage over other similar food business model in the market.
The most innovative concept of “30 minutes or your pizza is free” has brought a revolution changes in the pizza business since then. This same technique you can also apply to another form of innovative business ideas, where there is a desperate need of home based customer service such as ‘’grocery home service a phone call away’’.
Investigate the need to develop an innovative business:
How a company can get a huge success based on research and survey in the business market that came out with an innovative idea to fill the desperate need, we can display the 3M as a perfect example of that. Now we all know how these innovative business ideas got all the success in terms of an experimental process of adhesive tape.
Most interesting thing is this creative product had no previous practical application at all and later it became a key element of packaging process (taping on the product boxes).
Remember, developing some new innovative business ideas, products or services, are not your expense; take them as an investment for your future creative business model.
Focus on promoting your Brand:
We often see in many small businesses that they lose their focus on promoting the brands when it comes to managing a business strategy. Keep in mind that you are not just selling your product or service but your brand also. If we take a look at the Coca-Cola Company’s strategies, we can clearly see that they always promote their brand reputation equally.
You may also like to read: The 5 key questions before developing a creative business model review
It is not all about spending billions of dollars on marketing just to promote your products and job is done. Now the consumers are not only get attracted to products but also in promotional service and business reputation that value their want, their culture and tradition and off-course the quality. In the Coca-Cola case, we can put that to our tradition and always find them as a part of being in the family.
Figure out your market base:
Tyler Perry who is a famous producer, writer and director had a clear understanding of his market in the United States. He had developed his creative business ideas focusing on his unique and exclusive market niche based on targeting the people of black race.
These creative entrepreneur ideas teach us when developing our works, movies and shows we should design them based on our targeted consumers need: such as typical characters and situations they live with and how they speak, what make them happy, etc.
Turn the free resources into a profitable business:
The best creative entrepreneur will turn their business ideas into making a company with totally free of cost. A few years back, this innovative concept of developing a free company, sounds like something close to impossible but now the idea has already developed in the market.
You may also like to read: 10 best creative business ideas with low investment in 2017
For example, the best creative business solution on the online market is creating a free blog. This will give you the opportunities to share all your information based on a topic totally free of cost. However, now there are many ways you can make money online through your blog by putting some content such as AdSense, online advertising, selling online products, social recommendations, developing innovative advice, etc.
Develop a different strategy to competing with the competitors:
When you unable to win in the price competition then try to develop some innovative business ideas to compete with other potential competitors. To attract the customer you must have to deliver the services which will be different but much better, comparison to the price issue. These business ideas will help you to surf in different market segments. Say, for example, we can put a company named Whole Foods Market, who has competed with business giant Walmart depending on these unique business strategies. Their strategy was pretty simple, sell only fresh produce directly from farms and farmers.
Say, for example, we can put a company named Whole Foods Market, who has competed with business giant Walmart depending on these unique business strategies. Their strategy was pretty simple, sell only fresh produce directly from farms and farmers.
Create an Innovative process:
Focusing on the manufacturing process to make it differ from others was best creative entrepreneur ideas. McDonald’s first introduce this innovative business technique to compete with rest of the fast food industry.
They figure out how the other fast food restaurant uses the classic technique of making hamburger process. They find out some disadvantage of others to make that as their strength. Family kitchen type restaurant does not pay attention to the hygiene as they use the same grill for all food process and also meat quantity is not so accurate for each hamburger.
So McDonald’s changed its entire food processing concept to ensure its uniformity production and at the same time develop a meat cooking machine to deliver on time and off-course maintain 100% hygiene.