15. Picking the right idea
Picking the right idea can be the easiest and the hardest decision at the same time. For some ideas come like a flowing fountain, and for others it can take years to get to the idea. This varies based on your personality factors, where you are prone to be a pioneer, inventor, innovator, entrepreneur, or an influencer.
And once you have the ideas, its either hard to choose one to run with and after you have that one your stuck deciding where to start. It’s like having a messy room and don’t know which corner to clean first.
Whatever the case may be here are some strategies to getting to the right idea. The first step is always to do some industry research on your product/service.
See how well the overall industry is performing. How old is the industry. Who are the market leaders. What are they doing to be the leaders. What do they have that makes them so good at what they do. What does it take to compete with them. Where are they getting their traffic from. What creative campaigns work best for them. What are their weaknesses that you can exploit to gain a competitive advantage.
These are some questions you should research on before you start your online business. Keep reading to get more advise.