Developing the first product is where most people fail and make mistakes. What people do is to create a product then find a market. (VERY WRONG Principle)
It should be REVERSED. Find first a market then create a product.
Choose a market that spends money, then provide and give them what they wanted. I know some of you already know this strategy but it is easier to be said than done.
The question is, do you really know how to choose a market?
Hear me, choosing a market is not as simple as thinking of a topic lets say INTERNET MARKETING! It is far more than that. Again, choosing a market means selecting a niche where only few people venture, not because less people search for that, just that it focuses on much specific keywords.
Let me show you the process I go through when I’m trying to brainstorm for ideas. Of course one of the requirement for selecting a market is by being updated with the trends nowadays. You can either browse the internet, read newspapers, magazines or watch TV and listen to radio for current news. Aside from that, I still value much what we call “WORD OF MOUTH” because it testifies the effectiveness and the demand for a certain product or service.
Do not be MISLEAD. Whether you are engaging in internet marketing, you still need to make yourself updated in learning offline news and trends. In searching for a NICHE, i will give you some list of websites that might help you be updated:
1.) http://www.google.com/press/zeitgeist.html
2.) http://50.lycos.com
3.) http://buzz.yahoo.com
4.) http://pulse.ebay.com
5.) http://www.amazon.com
This are just some of the websites, you will probably find many more in the internet. Search engines are very useful in researching, if you are started yet, simply spend some time searching for keywords. Make yourself busy and familiar with that and I will be sure you will also be a pro sooner or later.
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