There are only 3 steps to create a successful business. It applies both offline and online. I suggest that every business owner keeps this in mind in every marketing activity.
1. Know what the market want
You may think it is common sense, but it's not. Much to my surprise that many people do it exactly another way around. Instead of starting to locate demand, they start with supply, i.e. create a product they "think" the market want.
This is the biggest mistake I think a business owner can make. If some of them are successful using this method, chances are they create a better version of product that has been proven in the market.
2. Create a product to satisfy it
The next step is to create a product that offers value and benefits to the market. A crappy product can sell with proper marketing but no one can build a long term business out of the product.
Even if you're not the first to create a product in the market, you can come up with something better, have a unique selling proposition (USP), cheaper, etc.
Now is also the time to really think about and plan your sales funnel.
If you can begin with more affordable product to "steal" customers, you can prove yourself and sell them higher ticket items later.
3. Let the market buy from you
This involves marketing, knowing how to reach the target market through effective message, become establish expert in the topic, be resourceful and helpful.
Knowing how marketing works is the key here. It can be fun if you know how to do it without getting straight into the face with hard selling advertising or marketing messages.
An effective method that I've used again and again is to prove yourself that you're there to help instead of running away with their hard earned money.
This is why an email newsletters, educational white papers, articles, blogs and podcasts work so well.
Another important key is to invest in your education.
I don't mean that you should pile up every book or ebook you can afford to buy. Far from that, being overwhelmed with information may do more harm than good.
However, every once in a while you should find ideas to improve your business and increase bottom line. A really good idea from one book or e-book can make a difference if you take action.
The most expensive ebook or course won't do any good if you let the ideas sit there without implementation.
1. Know what the market want
You may think it is common sense, but it's not. Much to my surprise that many people do it exactly another way around. Instead of starting to locate demand, they start with supply, i.e. create a product they "think" the market want.
This is the biggest mistake I think a business owner can make. If some of them are successful using this method, chances are they create a better version of product that has been proven in the market.
2. Create a product to satisfy it
The next step is to create a product that offers value and benefits to the market. A crappy product can sell with proper marketing but no one can build a long term business out of the product.
Even if you're not the first to create a product in the market, you can come up with something better, have a unique selling proposition (USP), cheaper, etc.
Now is also the time to really think about and plan your sales funnel.
If you can begin with more affordable product to "steal" customers, you can prove yourself and sell them higher ticket items later.
3. Let the market buy from you
This involves marketing, knowing how to reach the target market through effective message, become establish expert in the topic, be resourceful and helpful.
Knowing how marketing works is the key here. It can be fun if you know how to do it without getting straight into the face with hard selling advertising or marketing messages.
An effective method that I've used again and again is to prove yourself that you're there to help instead of running away with their hard earned money.
This is why an email newsletters, educational white papers, articles, blogs and podcasts work so well.
Another important key is to invest in your education.
I don't mean that you should pile up every book or ebook you can afford to buy. Far from that, being overwhelmed with information may do more harm than good.
However, every once in a while you should find ideas to improve your business and increase bottom line. A really good idea from one book or e-book can make a difference if you take action.
The most expensive ebook or course won't do any good if you let the ideas sit there without implementation.
How do you break into a niche with an impact?
Learn how you too can profit from any niche starting today while at the same time build a solid foundation for your six-figure online business
Learn how you too can profit from any niche starting today while at the same time build a solid foundation for your six-figure online business
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