Innovation and Creativity

Hello friends, how are you all doing today, hope that you people will be fine and doing great in life. @mainuna organized a contest about Innovation and creativity in business; I am going to share my innovations and creativity which should be done in business and also my experience about it.

"Business"

• What steps do you take to invent a new product or service, and how do you use creativity?

• Inventing a new product should not be creating harm to your old item so you have to make new items in a little quantity and also make use of a little profit in it not your more assets.

• Invest the profit made from the old product, convert little amount into it and a little amount on advertisement.

• New product. e.g. if you are launching new chocolate product into market so t should be different from the old one and also with variated taste.

• As referring to chocolate, we can create variety in the same product by changing the flavor, size and quantity, also price according to situation.
• The best way to earn from new product can be; providing a free bar of chocolate or a juice or something while buying the whole packet containing more than 1 bar.

• Create a novel business idea inspired by everyday problems around you and explain how to implement it.

In everyday life, new markets are built and everyone is setting up its business in that places. Markets are built to attract people towards the specific products; every market is famous for its product, like clothe market, shoes market, mobile accessories market, furniture market, cosmetics and jewelry market. All these were the specific markets and daily use for people, the basic need for all of these is security of shop and there products which is unfulfilled till now. Moreover, electricity and transportation supply. These are something which is needed for every market; security high measures should be taken by providing private security, public transportation and own electricity. However, advertisement boards for specific items in which a party is interested so for their better finding large posters will be the best option.

• How can you use creativity and innovative thinking to differentiate your business in a competitive market?

• In todays world, there is a tough competition between entrepreneurs and you have to be also competing with them. I will say for the future competition you should be saving money to tackle the problems which can arrive from distinct areas. Money can solve money problems.

• Investing in other profitable things or places; like land or property which is gonna help you in future. I will invest my money in property by building it and starting a small society from a new area.

• According to creativity I will launch a game of finding codes in my products and will distribute prices among the winners; which will increase my business. The better the prize the more your product is sold.

• Updating my product with new samples, variating it after 6 months, changing style of the business method, discount is the best way to earn, organizing specific days for discounts e.g. Sundays, because most of the markets are closed and having a holiday,

• How do you think failure can lead to success in innovation? Give an example.

Failure always lead to innovation, when your product fails you innovate your ads, products and verities, sometimes changing product. innovating your products by creating different sizes of the same product, increasing the quantity so that it does not affect your profit. In real, I use my typing and content style on steemit to innovate my content and also to earn, I use more easy English for understandable.

• How to discover new ways to meet market needs through creativity? What is your process as an inventor?

• First, learning the market requirements and demands. Which product is famous and what does it contains the most. e.g. in cosmetics market; providing the location in ads about the availability of products. Changing sold product in a specific time when the consumer is not satisfied.
• As before I said, announcing prizes by providing codes in a some of the products and your market will be running. Here is market called Imtiaz; it gives tokens to people after doing shopping of Rs.10,000-20,000 which is 211.46-422.9 Steem. The tokens contain prizes with different weightage; from accessories to a car. There are different types of tokens which gives you various types prizes.

Inviting my friends @paholags @isha-rehman @sailawana

Thank You