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There Are Three Rules I’ve Outlined For You Before You Go Into Any Market; by Crownword(m): 6:38pm On Jun 04, 2022 |
There are three rules I’ve outlined for you before you go into any market; 1. Don’t choose a niche except there is a demand for it. It is important to know if there is a demand for your product before even deciding to sell. It’s not diligent for you to just assume that people will patronize you. To know that there’s a demand for what you are offering, here are the things you can do; 1. Ask a mentor or friend who is in the online industry if what you are about to do is a good idea. 2. NCheck google AdWords to check the keywords of what you are going into to see if people are searching to read about it. (google.com/adwords) 3. Upload on your social media to see if it will attract potential customers. 4.Run a demo ads campaign and check the conversion rate. 5. Guage demand to see if interested customers are much. You can decide to use any of the five options as an indicator to check if what you intend to offer is in demand. 2. It is risky to be the first in that market It is a risky deal to be the first person to do what you are about to do. Although it may work, it’s alway more secure to see someone doing what you intend to do and getting results before you jump into that market. ● Facebook copied Myspace ● Startimes copied DSTV ● Whatsapp copied BBM ● Apple copied IBM It’s easier to go into a market that there are customers and embrace competition than to reinvent the wheel. 3. Do you really like your Niche For you to be very successful in your internet business, you must really love what you are doing. I tried out some businesses I didn’t really like in the past like coding and even though I was making money, it looked like work for me. To achieve so much business success, you need to make sure the niche you venture into is something you |
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