Whether you’re starting a new business or growing an existing one, you need to know who is going to buy your “stuff”. (Stuff can be a product or a service. It can be something uniquely yours or something you’re selling for someone else.) Who will buy it? Who is your target customer?
As you identify who your target customer is, think about how they will benefit from what you’re selling. Is your customer a consumer or a business? (If you think it’s both, you may want to concentrate on one or the other and then branch out later because they’re 2 different customers and you’ll need different strategies to reach them.) Bottom-line… it’s critical to your success to understand who your customers are and why they would want to buy from you (and not one of the thousands of other businesses on the web).
Continue reading “Who’s Your Customer?”
Whether you’re looking for a way to turn your junk into cash (eBay maybe), a market to sell your crafts (maybe Etsy), want to start your own business (possibly home-based ) or already own a small business …. you’re in the same boat as a lot of other people. Many people seem to be looking for ways to raise a little cash these days. Some of us want to be our own boss and control our own destiny. The entrepreneurial spirit is alive and well.
So, where do you start? Most business advisers will tell you to find something that you love or are knowledgeable about. (OK….. I love cats but how am I going to make money at that?) They also stress that you need to find an unfulfilled niche – something that you can offer that’s needed or wanted and ideally something that isn’t easy to get. If the niche you choose revolves around a product or service that’s abundant, you’re bound to end up competing on price. (Trust me, you don’t want to end up having to compete on price.)
Continue reading “So You Want To Be An Entrepreneur?”