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Overview Introduction Strategy
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Conclusion
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Step #1 - Perform Market Research It is important to determine whether an idea is worth pursuing so you do not waste your time, money, and effort focusing on a venture that is not potentially profitable. You do want to spend time researching and becoming familiar with the topic of your idea (AKA niche) and determine its potential BEFORE you decide to pursue it. You do not want to become consumed by or stuck in research mode. We have provided a checklist to help conduct your research and determine the viability of a niche. The checklist focuses on identifying critical factors, which will determine the viability of the niche. Plan to spend several hours researching your idea. Most people make the mistake of developing a product or service and then trying to find a market to sell it to. The secret to success is to … Find a market first that spends money, then find what they want, and then give it to them. Easier said than done. Here are steps to take to help simplify your market research and identify niches which are most likely to be profitable and worth pursuing … Click Here for Guide on How to Do Market Research Click Here for Market Research Checklist
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