Before starting an online business, you must confirm that there are actually going to be customers (demand) for your product or service. It sounds pretty basic stuff but you would be amazed how many start up entrepreneurs get so wrapped up in turning their ideas into reality that they completely forget this!
It's time to do your market research thoroughly to ensure that you truly understand who you are selling to and more importantly if they want to buy and if they are ready to buy.
So how do you go about doing this?
Well, a good way of actually finding out if people will buy your product is to ask them! So here's several things that you can do to validate the market and test if there really is demand for your exciting business idea:
You can create a survey and send it to your target audience. Just ask them outright what it is they find challenging with your topic or which problems...
Got that burning ambition to start an online business?
Are you wriggling around with excitement at the thought of what might be possible in the future... if you can just make it all happen?
If you have already nailed your business idea and you are feeling "heck-yeah" ready to take the plunge, then it's time to think seriously about the ownership journey ahead of you.
According to MicroBizMag, 57.6% of start up companies were gone 5 years later and 65% of UK employees want to start their own business.
Running your own business sounds like the dream, but the reality is that it's a lot of hard work. If you are among the 65% who want to start your own business, but don’t want to be within the 57% who’s business fails within 5 years, then tick through these ten questions on our checklist to discover if you are really ready...
When you’re running your own business, you end up eating, sleeping and...
When it comes to growing your online business, if you are anything like I am, you will have very ambitious ideas for how it will take off.
But have you stopped to consider that the only way to ensure your exciting ideas actually succeed is to have a very clear plan of action?
You need an ambitious plan that sets direction for each stage of growth in your business. That helps you get there step by step. Fast.
So let me tell you more about a tool I have used throughout my Entrepreneurial career, so that you can use it to achieve your goals and create that success you want.
One of the biggest challenges that online businesses face, that always gets in the way of realising ambition, is not having clear long term goals. I covered this in my last coaching club session: How To Power Up With Simple Goal Setting.
Your goals need to be well defined...