Choose a Market You're Passionate About and Stay Focussed
Choosing the right market is instrumental to your online
success. It's much more difficult to create a new market than to
enter an existing market that is already highly profitable for
existing businesses. The good thing about online business is
that you can start a new business in a new market without as
much overhead and headache as in the real world. If there are
many players in a market that's also good because you can see
what the best people in your market are doing. You can then
offer more value, match and beat their offering and dominate the
market. You can switch between a few markets before you find
your niche. The only mistake we make is the one we didn't learn
from. Be tenacious and keep trying. Do something that you're
passionate about, you've heard it before but it really is true
that you need to give freely before expecting any return. Choose
that area that interests you and where you can really benefit
other people. Some people may not have a passion and maybe
making money is one of them. You can find a product that is
useful in that area and promote that.
As for me, my passions are:
Connecting with other young people
Playing sport, in particular cricket, rugby, soccer and tennis.
Nutrition, eating a balanced diet
Fitness and Health
Spiritual Growth - I'm a follower of Jesus
Making money
Building profitable websites
These are the areas that I'll focus on in one way or the other.
It's so important to finish each project that you start. Often
another idea will spring into your head before you've finished
and you'll be tempted to drop what you're doing and move on,
don't. Finish what you started and write down the new idea. This
way you can have your current project making money or at least
have a chance of while the new idea takes shape. It's important
to have an ideas book where you write all of those million or
billion dollar ideas down and choose the best ones to take
action on. Choose the ones that excite you the most.
To find out more about how to choose a target market and for
more powerful concepts, visit
http://www.internetprofitmentor.com. Here I found a wealth of
useful and free information with over 12 hours of video and a
120 page e-book. There's a comprehensive free course that
explains all about finding a target market, a valuable resource
for sure.