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Category: Market Research For Online Business

What Does An Oversaturated Market Mean? And Should It Stop You COLD?

What Does An Oversaturated Market Mean? And Should It Stop You COLD?

How can people succeed in an online business with the incredible amount of competition today? There's some bad business advice out there...I don't know, I think it's coming from a good place -- I hope it's coming from a good place! -- but a lot of what's being suggested is based on gut instinct and opinion...which is no way to run a business! (more…)

Conduct A Market Survey – Crucial Importance Of RESEARCH!

Conduct A Market Survey – Crucial Importance Of RESEARCH!

One option to learn more about the target audience you seek to serve in your online business is to use surveys. A big advantage here is that rather than interviewing people individually, with a survey you can gather feedback faster and on a larger scale. (more…)

Techniques To Identify Customer Needs And Wants (Just TWO Options!)

Techniques To Identify Customer Needs And Wants (Just TWO Options!)

As an online business owner, you can offer your customers Good, Fast, or Cheap...and your customers can only pick two of these. Here's what I mean... (more…)

How To Find Good Business Opportunities (Hidden In PLAIN SIGHT!)

How To Find Good Business Opportunities (Hidden In PLAIN SIGHT!)

Forget about your "magical big business idea" for now. Don't worry about your website for now either. Set aside any grand marketing plans you might have and all those other wild crazy ideas. It's time to sober up! (more…)

How To Find A Good Business Idea – Simple Strategy!

How To Find A Good Business Idea – Simple Strategy!

If you're trying to figure out what business or product idea to pursue -- if you're digging hard to find an idea -- then know that you don't need to come up with some novel "never been done before" idea. Oftentimes, we're too hard on ourselves...and there's a much simpler approach. (more…)

MUST Do This Before Starting Your Business – Pivotal Step Most Skip

MUST Do This Before Starting Your Business – Pivotal Step Most Skip

Learn, as best you can, what makes your audience tick. And even though it's highly likely that you're already a part of the target audience your online business will serve, and you already know a lot about them, you need to dig even deeper. (more…)

Sort Your Head Out! (Where It ALL Begins)

Sort Your Head Out! (Where It ALL Begins)

You don't need to chase trends or get on some new "sure to make millions" online marketing strategy or go all in on some "magical big idea" you've pulled out of thin air. All you need to do is figure yourself out. Nice 'n easy, right?! (more…)

Product Development Process (Clear Steps Defined!)

Product Development Process (Clear Steps Defined!)

Here's typically how most people -- especially those new to business -- think product development works: Step one: Dream up a "magical big idea" that's never been done before, Step two... (more…)

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…)