The Smart Passive Income Online Business and Blogging Podcast SPI 774: If I Had $1000 and Started Over...
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Apr 5, 2024 Exploring how to strategically invest $1000 in an online business, focusing on offline tactics and relationship building. Emphasizing the importance of niche selection, industry analysis, and networking at live events for career advancement and business growth.
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Prioritize Audience Over Product
- If starting an online business, focus on identifying your target audience first.
- Understanding their needs is crucial before developing any product.
Create a Market Map
- Create a 'market map' by listing places, people, and products in your niche.
- This helps you understand the landscape and identify potential opportunities.
Attend Industry Events
- Invest in attending industry events to connect with people in your chosen niche.
- Building relationships is key to understanding the market and finding opportunities.