Business idea development

Before you start on your mission. Firstly is to list down all the things that you are passionate about. Secondly is to do your research if your list of passion is able to develop into a profitable business. The product or services should be something that people can use over and over again. Thirdly and most importantly your spouse is supportive and able to feel your dreams with long term vision.

1) Listing down all things that you're passionate about. Recommended at least 3 things for listing. It can be any idea maybe a product to sell or services to offer. Do not spend too much time and drag this phase of thoughts. The safest approach is to explore products which have already been distributed locally by an established company. Some of these companies do not carry their products on the supermarket shelves. Their main sales will come from giving distribution rights to anyone who purchase bulk items from them. Choose a reputable company that allows you to market their products on-line and also outdoor sales. Also check if you are allowed to market their products globally. This phase will require you to do some research on the company. Make sure that they are continuously improving on their products.

Next you need to check if there are a lot of listings of their products on e-commerce platforms listed by their distributors or agents. This will give you an overview if their products have a sales growth potential. Do not be discouraged if they have a lot of sales agent. This is a sign that their product is good otherwise nobody would want to market their product. If you're still lost continue reading this book and I can show you the business that I am in at the final chapters. You can also follow me to do the same market that I am in.

2) Do your research on all the listed things that you have chosen. Make sure that the business you want to be in is repeatable and have a potential for growth in the long run. How do you know if the business has growth potential and also not risky. Especially those who are very cautious. If you are reading this book I would like to assume that you're new in business. So basically for starters chose a low cost inventory business. Face the fact no matter how confident you are the opposite usually happen when you're new. The more failures you go through the closer you will get to acquire the aptitude and experience into turning your small investment into a successful business. I do not want you to risk too much money for your start ups. So research for current trends in your own country is impossible. Try using Google's trend to look for the keywords for the product or services you will be selling. Explore how to use these data so that you know you will be selling something that people want. In this way the chances of success is much higher. It's difficult to get back up when you're in financial debts investing on the wrong products. Put it simply you just need a small investment and reap the small profits over and over again. This is not a get rich quick thing that I'm going to show.

3) The most important of all your spouse is giving the go ahead light and encourage you to continue with your plans. If she tag along with you with every step you take the chances are she is interested to followup with your business venture. Make her feel that you're in this together. Ask for opinion and listen to her if she gives you a suggestion. Do not reject her opinion no matter what. You just have to listen and decide for yourself what is best for both of you.

I will elaborate more in small steps in the next chapter on this business model which is a fusion of internet marketing and also the conventional retail shop business.