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Web Business - Where To Begin?
...Begin Where The Demand Is
We have been told about this time and again - identify your passion and build a market out of that.
Now, is this the correct way to create a business?
Let's discuss it for a second.
Who's going to buy our merchandise? We ourselves or other people. Obviously it is the market that we are targeting is the one.
So I have a question - would they be interested in something related to our passion or their own?
Again, clearly it's their interest that matters.
So the logic is - sell to the people what they wanted to buy, not what we wanted to sell. Period.
Of course your life as a marketer will be much easier if your passion matches the market's but never forget - offer them what they want!
So How To Identify The Demand?
In offline marketing, companies usually engaged survey or research firms to help them gauge the demand. This could mean a substantial amount of expenses.
Online marketers are blessed with better options.
Picture this scenario - people will typically use search engines when they are looking for something over the internet. This is done by entering certain keywords that they think represent the stuff they are actually looking for.
Most search engines will keep this data and some of those are available for us to exploit.
Using suitable software tools, we are able to analyse market demands of an item of interest. It's not an exact science but it can tell quite accurately the popularity of certain keywords. From here we can deduce whether something that is related to the keyword would have a demand or otherwise.
One good keyword analysis tool that I recommend can be found here:
Recap:
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Build a business around the demand of your target market, not yours.
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Use keyword analysis tools to analyse keyword popularity.
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