How to pick a Winner - Not a Wiener! By Tom SheltrawHave you ever heard it said that if you want to make money on
Internet you have to offer your own product or service? Well that's 100 Percent true.
The best moneymakers have always been and still are unique products or services that are fully under your control. The big secret is, you earn all
money if you control
item.
Here are
5 best tips for picking
right winning idea and making real money on
Internet.
#1) Start with what you personally know. Surely you have experience in your work or hobbies so start thinking about how to turn that information into a real business. What are you good at? The better you are at something
better
information you will be able to give to others.
#2) You must find niche! Find a market that allows you to offer a unique product or service. Never try to be everything to everyone. Never try to appeal to a broad generalized market, this is a fast road to failure. It would seem that a product that millions of people would want would be a sure winner but
reverse is true. If millions of people wanted it, there are likely millions of Web sites offering it.
Imagine selling screwdrivers on
Internet. It's very possible there are one million Web pages selling screwdrivers. But how many sites sell screwdrivers for left-handed people with no thumb? This example might seem strange but you get
picture. An interesting benefit in this example is that you become an expert in your field. Experts are always in demand.
#3) Never spend your valuable time trying to come up with a brand new idea. Others have made this mistake and failed while those that came after them profited from their mistakes and went on to be successful. Without a doubt
best thing for you to do is to find something that is already being done and then offer improvements. Surely you've said, “I could do that better” or “ My ideas better than that.”
The key is finding anything that needs improvement. Is there a product or service that you use or you've heard others talk about that needs to be improved on? Is there anything about
product or service that is not being offered that would be of value to others? The key here is to fill
need that isn't being met. If you can do that, people will buy.
#4) it is extremely important to stay away from any industry that is overcrowded or over done on
Internet. One way of determining this is to do a search on
Internet and use keywords that describes your product. A search in Google on
keyword “screwdriver” returned 656,000 matches. If
keywords you picked were “left-handed no thumb screwdriver,” I guarantee you would be
only web site found. This definitely increases your potential for sales.
You must set yourself apart from your competitors. This is called a Unique Selling Proposition. There has to be compelling reasons for them to do business with you rather than anyone else. What makes you unique? It's unlikely you'll be
only web site on
Internet for your product so you must make yourself stand out as well as compel people to buy.