Homebased Business Success Tip #2 is to make sure you choose a homebased business with mass appeal. There are a lot of internet marketing gurus out there that says to be sure to work in a niche market. Now this directly contradicts what I am saying about working with a homebased business that has mass appeal. A niche market is a smaller market inside of a larger one for example Travel is a larger market; Cruising is a smaller niche market inside of travel. The reason internet marketing gurus often say to work in a niche market is because niche markets are less competitive and easier to compete in the internet marketing arena where competition is fierce. Now I am not saying that money can not be made in niche markets but, please remember you are reading the blog of a future Business Tycoon. These homebased business success tips are not geared towards someone looking to make a few thousand each month. These homebased business success tips are designed for those looking to make $100s of $1000s of dollars each month.
I propose to you that working in a niche market can also limit your income to some degree by losing a big part of the industry by only selecting to work in one niche. However, if your homebased business is like mine and is not dependent on traditional internet marketing techniques then you want to have a product or service that is desired or needed by the largest group of people possible. Take my industry of travel for example, travel is a 5.4 trillion dollar industry and growing at a rate of 23% annually. When working in such a massive market it is not difficult to find people who are interested in your product or service. Therefore you are more likely to make money when your business appeals to more people.
Homebased business success tip #2 be sure to find a business that has mass appeal!
Go back and read Homebased business success tip #1
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1 comment:
Greetings! I see that you have put alot of effort into your blog. Your information has been very helpful to me. Thank You.
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