Posted on : 03-01-2010 | By : stargaterich | In : Internet_Marketing
Before you jump into any online business, the first thing that you need to consider is what product or service you wish to get into. On line business is a huge marketplace and virtually everything, both physical and digital products can be marketed , off line as well as online.
One of the key aspects to launching successful online business is choosing a product or service which is high in demand and low in competition. There are known effective strategies that you should use to determine if a product or service is going to be profitable or not.
As I have indicated in my earlier post, you should find a good Internet Marketing Guru as a mentor to help you jump start your online business. Once you get the hang of it and fully grasp the fundamental of online business marketing, you could then rinse and repeat the whole process many many times over to make profit from other online products and services that you launch in the future.
One of the best Internet Marketing Guru that you could count on to jump start your online business is Ewen Chia. He is considered the world’s number 1 super affiliate marketer and has gone to train may successful Internet marketers and online business entrepreneurs. Here’s a free report by Ewen on how to make your first online profit of 1000 dollars within a month. The article is very informative and quite interesting.
Many online entrepreneurs and Internet marketers make the big mistake of developing a product or service first and then trying to find the market for it. Instead, you should first do necessary market research to determine if there is adequate demand for the product or service. Thus rule #1 that you need to do is find a product or service with good demand.
Once you have determine the product or service to get into, it is also equally important for you to determine the competition. The Internet online business world is very competitive in nature. There are hundreds of thousands of websites and blogs engage in the promotion and marketing of all sorts of products and services.
You should consider a product or service which is not too highly competitive in nature otherwise you will have tough time trying to get your blog or website noticed. Your online business won’t go far if nobody knows it exists or very few people stumble across it. Most people make use of search engines to look for information. The higher the competition the more difficult it is for your website or blog to be rank high by the search engines.
You should always ask yourself the big question of ‘Why should customer or prospects consider your product or services when there are hundreds if not thousands of other websites and blogs offering similar items?