Coming Soon
Subscription Marketplace - Buy and sell subscription products and services
in Articles by
If you are looking to start a small business of your own, there is a proven process that is necessary to start off with.  Many creative people have great business ideas, but their approach to planning is ineffective and eventually flops.  First and foremost, you have to find a market that is a good size. Now what does this mean exactly? Finding a niche market that is a reasonable size entails pinpointing one that is big enough to make a profit but small enough for the resources of a small business and one that does not compete with large corporations.

Two main mistakes that entrepreneurs make in finding small markets are targeting a market that is too broad and targeting a niche that is already heavily exploited.  What you decide to sell must connect product to target audience or you will not be successful.  

To start off with, choose your own unique area of expertise. What are you good at? What do you have experience in? Use your education, your skills and the people you know who could help you transform your idea into reality.  If you have many areas of interest and are not sure which one would be the most profitable, a little more research will be needed.  Consider how it will be possible to convert your education and skills into money-making opportunities.  Research your surrounding marketplace to see what is needed in your area.  

Now if you are trying to find small markets online, be forewarned that this can be tedious and time-consuming.  You will first have to think of a list of possible target audiences, then take your first idea and research an exhaustive list of keywords and keyword phrases that people in that target audience are using for information on their desired product. Next, one must research all keywords and phrases for  relevancy and then study which keywords on your list might lead to other niches that will need future researching. Then, you need to compare all your keywords to web pages to evaluate the present competition.  You will use all your information to narrow down your list to keywords and phrases that have the most online traffic and those that are the least exploited. If your small market does not appear to be profitable, you must start the entire research process over.  If you do find one that seems to be a money maker, you then must focus on finding ideas to profit from.

Please log in or register to reply to this topic.

Related topics

0 replies 510 views
posted in Articles by LovableStorm
0 replies 498 views
posted in Articles by Butcherry
0 replies 1,605 views
0 replies 1,148 views
posted in Articles by HairyFoal
0 replies 822 views
posted in Articles by UncleRhino
0 replies 865 views
0 replies 2,092 views
posted in Articles by LoyalChief
0 replies 2,018 views
posted in Articles by BumblingBee
0 replies 1,911 views
posted in Articles by Mosquiche
0 replies 1,954 views
posted in Articles by HuggingDuck
0 replies 2,042 views
posted in Articles by Robottom
0 replies 941 views

55,458 topics

0 replies


2,499,598 users

Connect with us: