Research Business Idea
How do you test the viability of a business idea?
Somewhere between jotting down your idea and naming your business on a piece of paper and actually starting a business, there’s research you should do that may help determine either the success or failure of your concept. Doing the proper research helps you analyze your idea, its market potential and your competition.
In today’s post I want to talk to you about a fast way to research a business idea for online profitability. The reality is there are only a few key metrics that are really important when it comes to testing the online market potential for your idea.
Before you begin investing your time and hard earned money, it’s essential to define your target market, assess if the market is large enough, determine if there’s a demand for your product or service, and what type of competition you’re up against.
Let’s dive into this a little deeper.
Spending hours, days, or weeks researching that perfect “idea” not only takes away precious time, but it indicates that you may not be using the right tool or process. You should be able to research a business idea in a matter of minutes. Now I have to confess before I started using a research based platform I invested countless hours doing my own research manually.
Today, I save hundreds of hours by using a lightning fast research platform that operates at the click of a button. The best part is that it enables me to sort through ideas that I’ve already identified, all in one place.
Want to see how it works?
Just type in a keyword for your business below:
The fact is when it comes to starting and growing a business online identifying the right keywords, with good traffic, and with the least amount of competition is the single most valuable piece of data you can have. If you don’t know how many websites are ranking for keywords related to your idea, you are gambling with the future of your business.
When doing research, the last thing you want to happen is to miss keywords that you can use to grow your business. So it’s crucial to be as thorough and as efficient as possible. Now don’t get me wrong you can do all of this research work manually. But what I’ve found is the more time-saving tools you incorporate into your business the more time and money you have to dedicate towards your business.
Unfortunately, many entrepreneurs and small business owners spend hours, days and even months researching and trying to figure how to generate business online. They get stuck coming up with the right strategy. They have no idea how to analyze the competition and have a hard time identifying the right target keywords during keyword research.
Because of this, I would like to share a research based platform with you that I have been using for about a year and a half. It can be a tremendous tool to help you grow your business online and it’s very easy to use. You can create a free trial account and get 30 free searches to see how this powerful research platform works.
Remember, research should not have to take you hours per day. Now you have the opportunity to do enough research for a week in 10 minutes, probably more research to grow a business online than most small business owners can accomplish in an entire week.
Ready to start building business credit for your new start-up? Become a member of my Business Credit Insiders Circle and gain access to a proven step-by-step business credit building system. A system that provides you access to vendor lines of credit, fleet cards, business credit cards with and without a PG, funding sources and lenders that report to all the major business credit bureaus. Submit your name and email below for details and receive a free business credit building audio seminar ($597 value) =>
To Your Success In Business and in Life!
Did This Blog Help You? If so, I would greatly appreciate if you like and shared this on Facebook and Twitter.
About the author
Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, About.com and All Business.com. His articles and blog; Business Credit Blogger.com, have been featured in ‘Fox Small Business’,’American Express Small Business’, ‘Business Week’, ‘The Washington Post’, ‘The New York Times’, ‘The San Francisco Tribune’,‘Alltop’, and ‘Entrepreneur Connect’.