8 Minute Millionaire: Learn the Secrets of Millionaire Entrepreneurs 127: 3 Essential Success Tactics for Building (Or Buying) an Online Business
Mar 1, 2016
Entrepreneur Drew Sanocki shares 3 essential success tactics for online businesses, including selecting profitable niches and the benefits of buying established businesses. The discussion also delves into investing strategies, networking events, and a promotion for Peloton fitness equipment.
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Niche Selection
- Find a niche with high demand and low supply using tools like Google Trends.
- Search for keywords related to your interests to gauge demand and competition.
Buy, Don't Build
- Consider buying an existing profitable business instead of starting from scratch.
- This reduces execution risk and provides immediate cash flow.
Copywriter's Dilemma
- Drew Sanocki mentions a copywriter friend who struggled with Amazon FBA.
- He advised his friend to leverage his copywriting skills by buying a business lacking content marketing.