For any business to succeed if must have 3 basic components.
1) Something to sell
2) People who want it
3) A way of letting those people know about it. (so that they will buy from you)
There are easy and hard ways of getting going with a business. The easy way is...
1) Finding a service or product that already exists
2) Finding people (a market) that already have an awareness of the product (or service) and who want it.
The harder way is...
1) Creating a new product/service from scratch
2) Educating people about what this service/product will do for them
3) Creating a new market
There are of course many factors for
choosing the easy or the hard way of starting a business.
Choosing a business idea that already exists gives you proof that the idea works. However it also gives you ready made competition. However there are ways of getting around this which fall into the arena of marketing (we will save this for another time).
When people buy franchises they are buying an "off the shelf" business. This is great for having everything done and ready for you but it is also very expensive. A franchise may cost upwards of £10,000.
Getting started on the Internet is infinitely easier and a lot less expensive. In fact you can do it for under £500.
Hope you enjoyed these tips. The next email will discuss personal essentials to success in business.
About the Author
Marketeer for Great Prospects
www.greatprospects.co.uk