Knowledge is the business fully as much as customer is the business.
Physical goods or services are only the vehicle for the exchange of customer purchasing power against business knowledge.
7 Simple Steps in Choosing Products for Internet Business
You have decided to set up an internet store to earn money online. You know all the reasons why an internet store can be successful. But how do you choose the right product or service?
These 7 simple steps will help you search out the product or service that is right for you to sell.
1. Think
Think about all the things that you like to do. Think about the things that you need to do. Think about the things that interest you. Think about the things that you believe in. Apply this same process to the people around you. Be aware. Do these ‘things’ require special products? Do they require a service?
2. Keep Eyes and Ears Open for Ideas
Talk to your friends, family, colleagues and associates. Notice their likes, dislikes. Notice changes they have made – exchange ideas – brainstorm – where do they buy – what do they buy – what works for them – what doesn’t work.
3. Be Passionate
Whatever product or service you choose – be passionate about it. Believe in it. Get excited about it? Use it. Know about it? Be enthusiastic? Enthusiasm is infectious– it shows in your writing, it shows in your speaking and it gets people excited about your product – it compels them to want it too.
4. Refine and Research your Product Idea
Once you have ideas – refine them. Narrow your idea to as much of a niche market as you can. Do your research. Check out the competition on the internet. While there is a lot of competition on the Internet, remember the market is huge. Be as specific about your product as possible. Your research should also show market readiness for your product.
5. Market Readiness
Is the market ready for your product? Are you ahead of the curve? Is the market saturated with like products? Does the market need to be educated on your product offering? A product that is emerging in popularity and gaining customer acceptance and usage is ideal.
6. Approach Supplier
You have now decided upon a product based upon the above 5 criteria and now you must select a supplier. Do your homework. Choose a reputable company that will supply quality products in a reliable and timely fashion. If you are building the product yourself, then you will be that company!
7. Build your site
Use your researched product knowledge, display your passion about the product, and provide your customers with value for their money. Be focused, disciplined and motivated and you will receive the benefits that on-line marketing provides.
Our Story
In the spring of 2006, three of us formed a partnership to build a business in internet sales and marketing. This is a new type of business for us and we started at the very beginning.
We knew we wanted to use the internet to sell quality products and services but what would we sell? A product? A service?
We started thinking (Step 1) and talking amongst ourselves. We brainstormed ideas. We discussed our likes and dislikes. We talked about things that we had in common; beliefs; areas of interests; and the ideas started to flow. Everything was open to discussion. An area of mutual interest was health and wellness. But no specific product came to the forefront.
We became keenly aware of our surroundings. (Step 2) We noticed buying patterns. It was during this phase that I had an appointment with my Homeopathic Veterinarian for my golden retriever. It had been about 7 months since I had seen him. The first thing out of my mouth was “wow – what are you doing – you look different!” With that he gave me a brochure on the health benefits of Far Infrared Saunas. I knew nothing about this technology, but I can tell you that he looked vibrant and healthy and I wanted to know more. I kept eyes and ears open and by asking a question, I got some very valuable information.
With great passion and enthusiasm (Step 3) I presented this idea to my partners. They embraced it and we embarked on learning (Step 4) all we could about Far Infrared Saunas. earn money online We researched the market, identified the competition and determined our market niche.
We questioned the market readiness for this technology. (Step 5) It has been in use in Asia and Europe for decades but we were unsure about North America. The more we talked about it and researched it the more we were excited about the fact that our timing was excellent.
Finding the right supplier was extremely important to us. (Step 6) We set the bar high and searched out the number one world wide supplier of Far Infrared Saunas.
We built our site (Step 7). We continue to enhance our site. We offer excellent value to our customers and we are extremely passionate about the health and wellness benefits that Far Infrared Technology offers.
These 7 simple steps work for us and we continue to use them as we move forward in our business.
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