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Are You Throwing Away Great Ideas?

August 10th, 2009 : · 14 Comments ·

Ideas are the foundation upon which we all make money.

I don’t care if you are an affiliate marketer or someone who creates their own products and services.

Without a good or great idea you’re really dead in the water.

I never had a problem coming up with ideas for products or ways that I thought I could better do something that was already a part of my business.

Where I had the trouble was in remembering them 10 hours later.

Maybe I would be in my car, a great idea would pop into my head. I’d make a mental note of it, and tell myself I would write it down once I got home, and then guess what? By the time I actually got around to being able to put it down on paper, I really couldn’t remember all the details that I had just several hours ago. It’s not that my memory is bad, it’s just that often, in the time that transpires in between you having that possibly great idea and being able to put it down somewhere, a lot of events can transpire that just relegate other previous thoughts to the background. Sometimes you remember them, other times, not.

I now don’t go anywhere without my little 8 year old hand held Sony digital recorder. It’s cheap, old, obsolete, but still works great.

Any time I have an idea, I just hit the record button and verbally record my ideas.

Just this past weekend alone I added 14 verbal entries, which I finally played back and made written notes of this morning.

I have literally about 25 pages of written notes filled with potential money making ideas sitting on my desk printed out, and 100% of them are from items I recorded into my ancient digital recorder.

Without having my little digital recorder handy I’m guessing I would have less than 1 page of ideas.

Right there in front of me is enough to keep my coders busy for the next 2 years.

Ideas come and go and what you may think you’ll remember in a few hours or the next day often proves to be a very incorrect assumption, and one that could really cost you a lot of money.

I don’t care what you use to record your ideas, the bottom line is, if you’re not doing it, it’s almost certain that you are losing money from ideas that were there one moment, and then gone the next.

- Dave –

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14 Comments so far ↓

  • Doug

    Hi Dave,

    Love your new blog. Great info.

    I, alas, also have a lot of ideas. In fact, I have so many I literally don’t know what to do with them. I do write them down. But I get a bit overwhlemed when I do the math: time available vs number of ideas.

    I also have to be careful that I don’t spread myself so thin, which tends to be a common problem.

    Anyway, thanks for the insight. My new Blackberry can record audio, so maybe I will switch to audio notes.


  • Mikael @ Retire Rich

    Hi Dave,

    it is really cool that you have started this blog and I was actually hoping that you would, despite the fact that it is not just about the ProfitLoophole report. I hope you’ll be talking about that from time to time as well.

    As for recording ideas I normally use a journal but I can easily see why a recorder might be a lot easier.

    Normally I am never in need of new ideas and am even struggling to just stick to the ones I already have :)

    But whenever I get an idea I’ll write it down, because as you say… you’ll never know when it might become useful.


  • Sakana

    I have a Flip with me all the time…I just love to watch and hear myself talking lol. Good to see you blogging, Dave.

  • Norm

    Great idea to start a blog Dave… will be checking for new posts often.

    I personally find there are a few activities in life where it’s easy to get in the flow and ideas just seem to pour out. The best one by far for me is when driving. It’s absolutely amazing how thoughts just seem to flow. This is where the voice recorder really comes in handy. Just click a button, record your thoughts, then review them later for relevancy.

    And you don’t need to spend $100 to $200 for a voice recorder. Practically all of us carry around a cell phone that has a voice recorder function built into it. It’s simply amazing how many of us forget to use it.

    Anyway, thanks again for starting the blog. I look forward to your thoughts…


  • Denny

    My family bought me an iPhone last year which had a few fancy features, but in the end I gave it to one of my kids and am rockin my 4 year old flip phone that everyone makes fun of me for.

    My preferred method of idea capture has been, and still is calling and leaving myself a voicemail. Although I was invited to Google Voice and now I call that number instead (as it actually transcribes the VM and sends it to me as text via email as well.) Awesome!

  • Mike

    Hey Dave. Yea, ideas for new projects or services come in a flurry it seams. For instance..”french fry holder”, an idea I had years ago. Your need a place to store your hot yummy fries and easily pick from the “fry vine”..anyway, you get the idea. Shared it with others and they laughed. And now what do we have out there.. the FryPod. Oh well. :)

    Love the blog dude.

  • Shawn

    Hey Dave-

    First off, thanks for all of the continued support you have given for the products you have released.

    Second, awesome idea about recording ideas. I always take a drive every nite down by the bay (Pacific NW) and always come up with what I feel are ground-breaking ideas. By the time I get home – poof! gone. Thanks for the tip-


  • Get Rid of Warts

    Hey Dave,

    I thought I was the only one that forgot all my ideas!!

    It is refreshing to know that others have the same problems as me.

    Seriously though, your suggestion to use a digital recorder of sorts is great. I often have a pen and paper with me, but cannot use it when driving, so the ideas get lost.

    Thanks for the blog and for sharing your ideas. I appreciate your time.

    Kind regards,


  • PeterM

    Good to see that someone has exactly the same problem as me. Thanks for sharing your experience and recommendations – having and using an audio recorder sounds like a good solution. I have to write it down right now, before I forget it ;)

  • Alex

    I’ve had the same thing happen to me. I tell myself I’ll remember the idea, but I never do. I found my old digital recorder, Google’d the instruction info. and am ready for the ideas when they come….I recon every business person should have something similar….
    Nice blog :)

  • Get Rid Of Herpes

    Hi Dave,
    I read very few blogs nowadays, I just don’t want to devote the time it takes! Your blog is an exception, why? Because I will learn things that will help me succeed, simple as that! This post is a good example. Thanks for the info.

  • david

    Hi Dave,

    Great article – I use a recording app on my IPhone, but voicemail works too, if you don’t mind waiting. I agree with you, the point is – record it!

    Love the blog – I have just started on the Profit Loophole journey. I would love your input on proven outsourcing folks that know your system, and have proven themselves. Your recommendations would be so much better than digging around in ScriptLance.

    Thanks for the great products,


  • Gary

    I get some of my best ideas in the shower. I wonder if they make a waterproof recorder? :-)

  • BobA.

    Dave — Great blog you have going here! I have added you to my feed reader, so I don’t miss any of YOUR great ideas.

    An additional thought on the recorders: If you own Dragon Naturally Speaking, you can configure it so that you can load the digital voice files you create, and it will make a transcript of your ideas and thoughts which you can keep for future reference, print out for posting or sharing with employees, etc.

    Keep up the good work!

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