In this Australian Business Podcast episode, your co-hosts JordanKidis, DanilGoloubev & OwenRask tell you how SEO works for business, 9ways to research a business idea before getting lost, and how GST on overseas invoices actually works. Send us your business questions for this weekend’s episode Anyone can send us questions… that means you!

9 ways to research a business idea:

1. Research & study is important - discover the 10,000-hour rule by Malcolm Gladwell

2. What's your why?

3. Get your personal financial situation/life admin sorted before starting

4. Find the 5 best competitors or brands you admire, and steal at least 1 thing from them

5. Identify your target audience -- write down your customer avatar

6. Where will you meet your customers? What platforms do they use? What's their 'intent' when finding businesses like yours? (e.g. why do they need you >> "5 cooking recipes" >> means they could be looking for businesses offering cooking classes)

7. Get a bank account, domain name (e.g. Go Daddy or Crazy Domains) and logo (e.g. fiverr)

8. Know the 3 ways your business will die (risks & how to overcome them)

9. Send us your questions!

***

📧 Head over here send Jordan, Danil and Owen a question to answer on air. Just select “The Australian Business Podcast” when prompted: https://bit.ly/3QtiY00

👀 New here? Subscribe for weekly shows! Subscribe to the Australian Business Podcast on all major platforms. We release episodes weekly!

💻 Grey Space website: http://bit.ly/3DG5lWS

The information on this website and in our podcasts is general financial, tax and legal information only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser, lawyer or accountant who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

Anne Applebaum on the Global Crisis of Democracy