Every Small Business Bureau Understands Spin-Offs
If you consult your local small business bureau and ask which business ideas have been the most successful over time, you will probably hear a lot about spin-offs. Spin-offs are old standby products that have been given a new face. After all, they say there is nothing new under the sun! Online skates are spin-offs of traditional roller skates, fleece pull-over are spinoff of the wool sweater, and online database management is a spin-off from old-fashioned filing cabinets. So if you are looking to start a small business and come up with a great new product, consider something that is very popular in its traditional form, then create a spin-off!
Your product doesn’t have to be anything that requires a great deal of manufacturing or expensive materials, after all even the simplest things can launch a great spin-off products. Here are some ideas:
- Beanbags became beany babies
- An auto shop, computer repair person, or “sew and vac man” can offer a mobile tune-up service
- Window washers can offer subscription service
- Teachers can offer home tutoring or group tutoring sessions
There are so many traditional professions that can be given new life and a whole new set of clients simply by thinking of a new way to present the service or product. What’s your spin-off?
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