Dear friend
Good Afternoon
Yesterday I told you I was going to share with you top 5 Challenges faced by Entrepreneurs and I said I was gonna share one daily..
You can read yesterday's post by clicking on the below link..
https://read.cash/@Vanjinks/5-challenges-faced-by-entrepreneurs-68d53118
Today I'm here to share with you the second challenge...
2. Choosing what to sell
The challenge: You know you could make a large amount of money if you just knew what products and services to sell. You’re just unsure how to pick a niche and start selling.
Here's the solution to that challenge..
The solution: Admit that you’re weak in identifying prosperous niches, and delegate the task to someone who is strong in this area.
You don’t have to hire a huge, expensive marketing firm; rather, recruit a freelance researcher who has experience in whatever type of field you’re considering entering (retail e-commerce, service industry, publishing, etc.).
Have them conduct market research and create a report with suggested niches, backed by potential profit margins and a complete SWOT analysis: Strengths, Weaknesses, Opportunities and Threats.
This isn’t to say you should have someone else decide for you; however, if you’re not good at identifying niches it’s a good idea to have someone who is make suggestions.
You can then analyze the suggestions for yourself to determine if you agree. Taking this step now can save you a lot of time, money and hassles later — and it can save your entire business and livelihood.
Let me help you a little..
There are 3 main Niches that guarantees money..
1. Make Money Niche
2. Health Niche
3. Relationship Niche
These three niches have proven to work overtime, they also have sub-niches under them..
Just do your research and you'll get a clearer understanding..
Always sell what people need/want not what you like..
Have a nice day ahead..