Slide Show | April 2014

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6 Surprisingly Simple Ideas That Made Millions

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A winning business idea doesn’t have to be complicated or technical to be successful. In fact, arduous business strategies and lengthy execution time can be a commercial inventor’s worst enemy. Seeing opportunities right under your nose can reap great benefits.

Consider Arthur Fry and Spencer Silver, creators of 3M’s ubiquitous Post-it Notes. Their idea for memo paper that you can stick to just about anything, which hit stores in 1980, helped contribute to the company’s $29.9 billion in net sales for 2012 (Fry and Silver have since retired.) Or take Spanx’s Sara Blakely, whose vision in 1998 for a new type of women’s shapewear revolutionized the undergarment industry and made her a billionaire. These are examples of how commonplace business ideas can strike a chord with consumers and generate huge sales.

The six no-frills concepts featured here all helped their inventors make millions. Take a look.

6 Surprisingly Simple Ideas That Made Millions
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