Far too many artists, writers, creators, and makers never follow through on many of their best ideas because they don’t believe they have the money to bring the idea to life.
And when this money obstacle is created, the idea dissipates along with the desire to jump into the work and get their creative hands dirty. But could this all be tied to our misconceptions about the value of our ideas? Most importantly, do ideas have any value at all?
Consequently, these questions came to mind the other day while going through some quotes about “ideas and money.”
As a writer, poet, and storyteller, I keep a lot of quotes. Some are in files while others are handwritten in my commonplace notebooks.
Questioning the idea that ideas make money
So, the other day, I sat on my floor listening to Jazz while sorting through a collection of quotes, I stumbled upon countless statements proclaiming that ideas will make money. Specifically, quotes such as “Ideas make money, but money doesn’t make ideas.”
Please, don’t get me wrong, I’m not here to completely dismiss that notion. But I must confess, I don’t entirely agree with it either.
You see, the truth is ideas alone, don’t make money. You can have a plethora of brilliant ideas swirling in your mind throughout the day, but not a single one of them will magically make you money.
I know, right, it’s a hard pill to swallow, especially when so many self-proclaimed gurus preach the idea of ideas as the ultimate money-makers.
Of course, great ideas are valuable, but for an idea to make you money, you will need to shift your attention to something more crucial—the execution of those ideas.
Contrarily, it is not the ideas alone that have the potential to generate wealth, but rather the action and implementation behind them. In other words, it’s the executed ideas that truly hold the power to make you money.
Now, you might be thinking, “But wait, don’t executed ideas require money?” It’s a fair question and one that we will address later on. Let me emphasize here that the perception of “not having enough money” should never deter you from executing your ideas.
However, when it comes to turning ideas into profitable projects and ventures, resourcefulness and creative problem-solving can often overcome any perceived financial limitations or barriers.
Ideas as money-makers?
With this in mind, let’s dive into the fallacy surrounding ideas as money-makers and explore why execution matters more than money when achieving financial success from your ideas.
Too, let’s explore the potential of executed ideas, provide examples of successful ventures driven by implementation, and offer strategies to overcome the money barrier with an execution-oriented mindset.
Great Ideas Alone Won’t Make You Money
Many of us as creators, writers, artists, and makers have been led to believe that ideas, in and of themselves, have the potential to generate wealth. We’re told that if we have enough groundbreaking ideas, financial success will inevitably follow.
But we must step back and examine this more closely.
Having a multitude of ideas doesn’t guarantee a single penny in your bank account.
Yes, ideas possess the spark of imagination, innovation, and invention. And yet, ideas remain abstract concepts until they are brought to life through execution and implementation.
Subsequently, it’s the execution, the diligent and purposeful implementation of those ideas, that truly holds the key to financial prosperity.
Consider this: How many times have you had a fantastic idea, only to see it fade away into the depths of forgotten thoughts? Ideas alone are fleeting. They come and go. Because without execution, ideas remain nothing more than a possibility.
Instead, what does have money-making potential and can generate financial returns are ideas you have brought to fruition through inspired action and perseverance.
Executed Ideas: Implementing Your Great Ideas Can Generate Wealth
Now, that we’ve debunked the myth that ideas alone can generate wealth, let’s specifically explore executing ideas from the perspective of artists, creators, makers, and writers. For individuals in these fields, executed ideas are our only way of achieving our creative aspirations.
Still, as artists and creators, we understand that ideas are just the starting point. We know that the true value lies in translating those ideas into tangible expressions of our craft.
Whether we carry a dream to vision and then to life, compose a captivating melody, or craft a compelling story, execution is essential to our artistic endeavors.
The Best Artistic Works Required Execution of Big Ideas
Consider the works of renowned authors like Toni Morrison and N.K. Jemisin. These authors didn’t achieve global success solely based on their initial ideas. Their relentless dedication to executing those ideas propelled them to literary stardom.
They spent countless hours refining their manuscripts, honing their storytelling skills, and navigating the often challenging world of publishing.
Artists in the visual arts world also recognize the power of executed ideas. Take, for instance, the sculptors, photographers, and designers who transform their creative concepts into stunning physical or digital masterpieces.
They invest their time, skills, and resources into bringing their ideas to life and attract buyers who are willing to pay for their unique creations.
Makers, on the other hand, demonstrate how executed ideas can fuel entrepreneurial endeavors. From crafting handmade jewelry to building custom furniture, makers know that execution is key to turning their creative ideas into profitable businesses.
They combine their artistic talents with business acumen, showcasing their creations through online platforms, craft fairs, or specialized markets to reach a wider audience and generate income.
The digital age has paved the way for your creative ideas to make money
The digital age has also opened up new avenues for writers, artists, and creators to execute their ideas. Online platforms, social media, and e-commerce websites have provided opportunities for direct engagement with audiences and potential customers.
By leveraging these tools, creators can execute their ideas, build a following, and monetize their work without relying on traditional gatekeepers.
It’s important to recognize that in the creative realm, executed ideas are not solely driven by financial gains.
Artists and creators are often motivated by a deep passion for their craft, a desire for self-expression, and the fulfillment of sharing their work with the world. However, when executed effectively, these ideas can lead to financial rewards that enable them to sustain their creative pursuits and reach a wider audience.
Simply put, when we execute ideas, follow through with inspired action, and hold to a strategy that works, it is only then that our ideas see monetary success.
Ideas and Money: Overcoming the Money Barrier
In the creative fields of art and literature, the perceived obstacle of financial limitations can cut our ideas off at the knees. However, it’s crucial to understand that financial constraints should not be the only determining factor in bringing creative visions to fruition.
With ingenuity, resourcefulness, and a strategic approach, it is possible to overcome financial barriers and unlock the true potential of executed ideas, even on a limited budget.
Get Resourceful
Instead of focusing on what you lack, concentrate on what you have at your disposal. Adopt a resourceful mindset and explore alternative avenues for sourcing materials, tools, and equipment. Consider repurposing or upcycling existing resources, exploring budget-friendly options, and utilizing the power of your skills and creativity.
Research has shown that constraints such as limiting the number of available materials or imposing a budget can lead to more creative solutions.
A study by Cass Business School and Bocconi University found that where unlimited options could hampers creativity, constraints such as limiting the number of available materials or imposing a budget can lead to more creative solutions.
Another study reviewed 145 empirical studies on the effects of constraints on creativity and innovation and found that individuals, teams, and organizations alike benefit from a healthy dose of constraints.
Collaborative Opportunities
Joining forces with fellow artists, creators, makers, or writers to share resources, costs, and ideas can be a powerful way to overcome financial constraints and foster a supportive network that can inspire and propel your creative journey.
Collaborative projects not only alleviate financial burdens but also provide an opportunity for individuals to pool together their talents and resources to achieve more together than they could individually.
Research has shown that collaboration in the arts can lead to increased creativity, innovation, and job satisfaction. For example, a study by Fine Art Miracles found that collaboration builds comradeship and a sense of community as artists move towards a common goal. Another article by Symposia discusses how collaboration with someone else can help develop new and innovative ideas and improve creative work.
Fortunately, collaborating with others in the arts can provide numerous benefits, including the sharing of resources and ideas, the fostering of a supportive network, and the potential for increased creativity and innovation.
For example, Blue Lotus Living itself is a collaboration between two storytellers and writers. Roslyn and I decided to bring our resources, talents, and skillsets to the table and create a space for creative minds to learn, grow, enhance their creativity, and expand their consciousness all while gaining inspiration and knowledge about how to create and design the life we want to live.
Recently, Roslyn sent me an image from a meeting she attended, the image is called the “Collaboration Attitude Promise.”
I like the image and what it stands for. Embodying this attitude will help to ensure your collaborations are beneficial and prosperous for all parties involved.
Leverage Digital Platforms
Leveraging digital platforms can provide remarkable opportunities for artists and creators to showcase and sell their work directly to a global audience. Establishing a strong online presence through websites, social media, or online marketplaces can help reach potential buyers without the need for significant upfront investments. E-commerce platforms can be used to sell creations, offer digital downloads, or secure commissions.
There are many digital platforms available for artists and creators to showcase their work and reach a wider audience. Some popular social media platforms for artists include Facebook, Instagram, YouTube, Pinterest, Twitter, and LinkedIn. Additionally, there are many online marketplaces and e-commerce platforms for artists and creators to sell their work. Marketplaces such as Sellfy and Etsy are specifically designed for artists and creatives.
Once more, leveraging digital platforms can provide artists and creators with numerous opportunities to:
- showcase their work,
- reach a wider audience,
- and sell their creations without the need for significant upfront investments.
Crowdfunding and Grants
Other options involve grants and crowdfunding. Crowdfunding platforms provide artists and creators with an opportunity to engage their audience and gather financial support for their creative projects. By presenting their ideas to the public, sharing their passion, and allowing others to contribute financially, artists can bring their ideas to life.
Additionally, researching grant programs, scholarships, or residencies tailored for artists and creators can provide much-needed funding and resources to help execute ideas.
I can vouch for how many grant programs are out there that many people never apply to receive. Nearly every major corporation has a grant program along with government agencies and foundations. And many of these organizations offer grant funding to artists and creatives.
DIY and Bootstrapping
The do-it-yourself spirit and adopting a bootstrapping approach can be a powerful way for artists and creators to stretch their budgets. Also, artists, writers, creators, and makers can find innovative ways to execute their ideas without relying solely on external financial support.
These creative and innovative ways to execute ideas can include seeking affordable or repurposed materials, exploring low-cost tools and software options, and finding creative solutions within their budget.
Yes, a little creativity and grit can overcome financial constraints.
There are many resources available for artists and creators looking to adopt a DIY and bootstrapping approach. For example, Canva provides a beginner-friendly design editor that allows users to craft designs for merchandise such as T-shirts, mugs, hoodies, or posters for free.
Forbye, adopting a bootstrapping approach can provide artists and creators with the opportunity to stretch their budgets, be resourceful, and find innovative ways to execute their ideas without relying solely on external financial support.
Remember, while money can certainly facilitate the execution of ideas, it should never be the sole determinant of your creative journey. By shifting your focus to resourcefulness, collaboration, leveraging digital platforms, exploring crowdfunding and grants, and adopting a DIY mindset, you can overcome the money barrier and unleash the full power of your executed ideas.
Executed Ideas and Money: Developing an Execution Mindset
When it comes to bringing ideas to life, developing an execution mindset is required. While ideas serve as the seeds of innovation and problem-solving, it is the execution that nurtures and grows those seeds.
Subsequently, having an execution mindset means shifting your focus from solely generating ideas to taking inspired action. Then, you must also implement and actualize those ideas.
And certainly, it is this mindset that helps you manifest your dreams. Not only that you while you create and design a fulfilled, rich, happy life.
Key Traits and Habits of people who successfully execute their ideas
People who successfully execute their ideas share certain key traits and habits. These habits and traits contribute to their ability to effectively bring their visions to life.
These very attractive traits and habits include :
- a strong sense of purpose, unwavering determination, and a willingness to take calculated risks.
- proactive, adaptable, and resilient in the face of challenges and setbacks.
- excellent communicators, collaborators, and problem-solvers.
- goal-oriented, people-oriented, health-conscious, honest, and self-disciplined.
Strategies for An Execution-Oriented Approach to Maximize Idea Potential
To cultivate an execution-oriented approach and maximize the potential of your ideas, several strategies can prove beneficial.
Firstly, set clear and specific goals that align with your vision. Get clear about your goals and how you want to navigate the ideation process. Create a plan, strategy, and roadmap that guides your execution process. Prioritize tasks, manage your time effectively, and maintain a consistent focus on taking incremental steps toward realizing your ideas.
Secondly, develop a growth mindset that views obstacles and failures as learning opportunities rather than roadblocks. Seek feedback and learn from constructive criticism to refine and improve your execution. Surround yourself with a supportive network of individuals who share your passion. Your empowering network can offer guidance and encouragement along the way.
And please don’t get caught in analysis paralysis. Always be open to experimentation and iteration, allowing yourself to learn and adapt as you go.
Leverage your strengths and seek assistance where needed. Recognize that you don’t have to do it all alone. Delegate tasks, outsource certain aspects if feasible, and collaborate with others who bring complementary skills and expertise to the table.
Nevertheless, stay committed and persevere through challenges. Executing the idea doesn’t guarantee success so resiliency and learning to recover from setbacks is important.
When you employ these strategies you develop creative confidence and you develop a knowing. That knowing is nothing, including money can hold you back from bringing your ideas to life.
Ultimately, it’s the combination of creativity, vision, and effective execution that truly brings ideas to life.
Executed Ideas and Money: Wealth Creation Is Within Your Reach
Certainly, we’ve emphasized that executed ideas, not mere concepts, hold the actual power to drive monetary rewards. Don’t undervalue your ideas but understand these ideas must be executed.
Again, ideas are just the starting point. To turn those ideas into tangible outcomes and financial prosperity, you must commit to intentional, proactive living, and take inspired action. It’s not enough to dream; you must execute.
Keep in mind that wealth creation is within reach for every artist, writer, creator, and maker who is dedicated to the execution of their creative ideas. You are not limited by money.