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The critical first step to making
money with an online business
You can earn money by displaying
ads on your website. You can earn
affiliate commissions by promoting
other people's products. You can
use drop-shippers to sell name-
brand products on your website. Or
you can develop and sell a product
of your own. |
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Something you NEED to do first
Find a viable niche market -- BEFORE you invest time and money promoting a product nobody wants! |
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Make sure you're targeting a well-
defined, narrow niche
The most accessible markets on the
Web are highly focused. Let's say,
for example, you want to sell all-
natural vitamins online. If you try to
arget "everyone who takes vitamins,
" you'll have to compete with giant
vitamin companies. But if you establish your niche market as "people who are allergic to artificial colors and flavors in vitamins," you won't have to!
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Make sure your market has a problem and is seeking a solution for it.
Epsum factorial non deposit quid pro quo hic escorol. Olypian quarrels et gorilla congolium sic ad nauseum. Souvlaki ignitus carborundum e pluribus unum. |
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Make sure your market is willing to
pay for a solutionto their problem.
If your market won't pay money for a product or service that solves their
problem, your business isn't going to
generate much of a profit! Find out
how much they're willing to spend for
a solution, and make sure that you
can sell your product or service at
that price and still generate a profit. |
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Make sure there aren't a number of products that already offer a solution
to their problem. If your market already has a variety of
products or services to pick and choose
from, what makes you think they'll want
to buy yours? You have to be able to
offer your market something they can't
get anywhere else. |
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Make sure your product DOES
offer a viable solution to their
problem
Try giving a small number of new
products away -- for free -- to a small group of people and ask them for feedback to make sure
they like your product, and feel it does
a good job of solving their problem.
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Once you've found a viable market,
you'll be better able to come up with a product or service that will satisfy their needs.
You'll also be able to hit the groundrunning using any of the reliable ways to make money online -- and guarantee your success from the start! |
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If you'd like to learn more |
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about making money with an online business, sign up to our
FREE "Marketing Tips Report newsletter" | |
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and much more!
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