Monday, September 15, 2008

... STOP right now!

How You'll Know When You've Hit Market Gold
By Kate Morrison

Wondering how to make money online?

If you're scouring the Internet looking for a product to sell to do just that...

... STOP right now!

This is a huge, fatal mistake that can kill your business before you even get it off the ground.

The key to making money on the Internet -- and guaranteeing your success -- is to reverse-engineer your business...

... Look for a MARKET that's easy to reach first.

But what makes an ideal market?

Successful markets are based on these three points:

Interests

In the broad sense of "interests," this category also includes experience, credibility, passion, and a willingness to explore.

Start out by exploring YOUR interests. Because when you start with something you're interested in, you're less likely to consider it a chore and more likely to see it through.

To be clear about this, we're not saying that you absolutely have to choose a market based on your favorite pursuit or skill -- it's just a great starting point that's been proven to work again and again.


Demand

If there's demand for information in your interest area, then you may have found a potentially profitable market. Keyword research will tell you if there are enough people searching for information in an area to make it viable.


Supply

What is already out there that satisfies your market's demand? By critically analyzing possible competitors, you can find out if there's enough room to establish yourself as the key provider of information or products within that area.
Keep your eyes open and your mind sharp, and you'll be surprised at how many ideas for making money online come to you.

Best of all, by paying attention to this simple rule, you'll know that you have a winner before you spend time and money building a business that has NO chance of making money on the Internet.


Do you have any question? Hit This!