We all think many business ideas every now and then, we see latent demand while moving around. Many of those ideas are really way ahead of time and some are really need of an hour but they are not tried by any one.
There are other reasons as well for why all ideas are not converted into business by original thinker as he may not have courage or experience to put idea into practice. Person may be occupied enough in present situation that any new commitment will fail for sure.
Anyways, lets share ideas which we all get, some one might make money and may be awarded for being innovative!!!!!!!!!!!!!!
My first Idea:
Proposal : Lucky draw coupons for small time retailers
Probable customers : Small retailiers
Why : In order to compete big format retailers, small retailers need to be competitive in price, presentation and above all they need to satisfy greed and basic nature of men to get things free. Big format retailers usually offers cash back, vouchers, bundled free stuffs, lucky draw coupons etc.
How : Proposed business sells lucky draw coupon to small time retailer (e.g. Rs. 2 per coupon - please don,t discuss on this, this is just an illustration). In turn retailer offer customer one gift coupon for purchase amount fixed by retailer (It is at discretion of retailer, pan shop may put Rs. 100 and grocery store may give one coupon every Rs. 200)
Proposed business transparently declare to all its customer that they will distribute say 70% of total coupons value in draw. They will spend say 20% in marketing and 10% retained as profit.
End of given period, lucky draw is held and winners declared.
This is just a brief idea. For business one need to expand and develop the idea but as far as my observation is concerned, such concept has latent demand in market as may small time retailers are feeling suffocated due to their inability to offer their customer FREEBIES
There may be certain laws applicable to this business model which I am not aware about. So not mentioned.