📺 Stream EntrepreneurTV for Free 📺

Profit From Current Fads Test your idea against these five tips to see if your invention will really sell.

entrepreneur daily

1. Translate the trend into something logical. If the product makes sense to you, it probably makes sense to someone else.

2. Do you see a demand for your concept? Would you buy it? Ask your friends and family for their input. Visit trade shows and ask collectors what's missing from the market

3. Research any and all legal aspects of the item to ensure there are no hidden liabilities. The manufacturer may prevent you from using any part of its product's name to market your idea.

4. Research the resources you're going to need: production, advertising, packaging, labels, postage and, most important, your time.

5. Get in early. When you see a fad getting hot, jump in at the very beginning. While you're wavering back and forth about an idea, someone else may jump in.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Kevin O'Leary Says This Is a 'Huge Red Flag' When He's Looking at Resumes

The "Shark Tank" star took to X to share his opinions on job hopping — and how long you should really stay in a job.

Business News

The Met Museum, OpenAI Created an AI Chatbot With the Persona of a 1930s Socialite for a New Exhibit

The finale of the Costume Institute's latest fashion exhibit features a wedding dress worn 94 years ago by New York socialite Natalie Potter and an AI chatbot with her vibe.

Side Hustle

The Sweet Side Hustle She Started in an Old CVS Made $800,000 in One Year. Now She's Repeating the Success With Her Daughter — and They've Already Exceeded 8 Figures.

Mother-daughter team Elisabeth and Gina Galvin are taking their snack brand Stellar Snacks to new heights, literally — you've probably seen their products in-flight.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.