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Category: Market Research For Online Business

Hope Isn’t A Strategy (Get More Concrete!)

Hope Isn’t A Strategy (Get More Concrete!)

Hope isn't good enough. Hope isn't a strategy or a gameplan. You can't "hope" that your business will be successful. You can't hope that the "magical big idea" you've come up with for a "breakthrough" product or service will sell very, very well. (more…)

Is Competition Good? Truth Revealed!

Is Competition Good? Truth Revealed!

Here's one of my favourite market research methods: Go find existing businesses and existing products that already serve your target audience. In other words, let's see if we can find some competition! (more…)

Know If Your Business Idea Is VIABLE – Simple Approach!

Know If Your Business Idea Is VIABLE – Simple Approach!

You don't need an earth-shattering "magical big idea" for a product, service, or for your business. You don't need to come up with something that's never been done before. Your pain-solving solution doesn't need to be complex. It doesn't have to feel intricate or hard for you to put together. (more…)

Know What Customers Want – Market Research Requirements!

Know What Customers Want – Market Research Requirements!

As I've said numerous times before, one of the most important aspects of business is to really, truly understand your audience, your market, and your customer needs. (more…)

Analyzing Your Market Research – Get Answers To These BIG Questions!

Analyzing Your Market Research – Get Answers To These BIG Questions!

One of the most critical and very often overlooked tasks in business is...market research. Nearly 100% of the time, the most amount of money, energy, and time are poured into getting a business set up -- so that it "looks" like a business... (more…)

Why New Business Ideas Are So Dangerous (Careful!)

Why New Business Ideas Are So Dangerous (Careful!)

What you don't need when starting your small business is some huge, inspiring, complex, or break-through idea. I call these "magical big ideas"...because they're exciting, motivating, inspirational...and take on a sort of magical quality about them. (more…)

Business Ideas – Biggest Mental Barrier To Beat

Business Ideas – Biggest Mental Barrier To Beat

Practically all new business owners and entrepreneurs start out the same way (myself included!): They start by coming up with a "magical big idea" first. Nearly everyone believes that in order to be successful in business, you have to come up with a unique, original idea that's never been done before. (more…)

Market Oversaturated? Consider These Key Concepts!

Market Oversaturated? Consider These Key Concepts!

Do you think market saturation is a thing? Like, does it actually exist? I'm not convinced. And honestly, I wonder if market saturation is used as an excuse by a lot of people for never getting started..."well, the market's totally saturated! There's no way my business idea would work"... (more…)

Market Research – A Business Tale In The Basics!

Market Research – A Business Tale In The Basics!

One of the biggest myths in the world of business...that practically all new business owners believe... is that entrepreneurs simply come up with some "magical big idea" for a product or service...something that's never been done before...and it catches on like wildfire and they stroll their way onto easy millions. (more…)

Best Market Research Methods: Key Approaches Revealed!

Best Market Research Methods: Key Approaches Revealed!

Learning more about your customers and their needs is critical to your business's success. One method for conducting customer research is to use yourself. Yes! Use yourself as your own test subject. In other words, be your own guinea pig! (more…)