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369 NICHES ROLLED UP INTO 1 PRODUCT
THE DREAM JOB:WORKING FOR YOURSELF
Most of us want to be financially comfortable to the point where we do not need to worry about where our next paycheck is coming from. Of course, it took more than initiative. We want the ability to say, "Yes" to all purchases and we want the satisfaction that we can do whatever we want.
WHAT WE HATE ABOUT WORKING FOR OTHERS
The person who is truly an individual will hate the idea of being "ordered" to do something and will cringe at the idea that they are not the person in control of the final decisions of an organization. Others will hate the idea they are making the owner of the company rich yet have a "fixed" salary that never seems to increase with every passing year.
FIGURE OUT WHAT YOU HATE ABOUT EMPLOYMENT WITH OTHERS
Through figuring out the various aspects of why you liked your job, you will be able to take this information and incorporate it into your future business. Depending on what your job was, you should tailor your own questions for you to answer. Many people will work a job they hate if they love the people or environment they work in. This is an important question to ask yourself and it will help you create an ideal environment for your business once you create it. It will help you to create a wonderful foundation for the start of your business.
WRITING YOUR BUSINESS PLAN
The next step in creating the business that will support your hobby is to take the brainstorming of ideas, (what you hated about your previous job, career or company), and start elaborating on it. In order to compile these ideas, you should take yourself to a place where you can focus on only your thoughts.
WHAT IS YOUR HOBBY? FIGURE OUT WHAT YOU WANT TO DO FOR PROFIT.
Start with a small aspect of your hobby, and if your business is successful, remember you can always add on to your business and keep it growing through incorporating more of your hobby ideas. Try to incorporate this idea into all of the ideas you have already sketched out for your business model. Once you have an idea for what your product line will be, incorporating your ideas about your product line into your overall business plan will help you focus on creating a sustainable business model.
LOOK AT SIMILAR BUSINESSES GET IDEAS
, Conducting research on your competition or similar businesses before you finally open your business is an absolute must. Depending on the type of industry, there will be different types of competition. Many business owners love to take the opportunity to show potential customers or even potential colleagues their business because they are proud of it and because it may bring them business in the future. Once you have figured out the type of business you are going to have, (for example, refinishing furniture), you need to start researching the competition to get a deeper grasp on your business model, but also to see what others are doing. You may also find that visiting a business is not helpful either. The first, and for most, easiest way to conduct research is from home or a local library with the use of the internet.
RINSE AND REPEAT
These people simply decided to create an identical business to improve the sales for the organization. The simple act of "rinse and repeat" is like using the blueprints for your organization.
FINALIZE YOUR BUSINESS PLAN. WHAT NEEDS TO HAPPEN NEXT:LEGALLY, EDUCATION, AND FINANCIALLY.
Of course, you should plan to incorporate these aspects in to your plan figuring out how much personal money you want to put into your business or figuring out how much money you plan to borrow from a bank or other lender. Do you need any licenses or education? How about how you register with your town, county or state as a business? What type of equipment will you need to help your business along? This important aspect of research comes with finalizing your business plan and is a crucial step before officially opening your business.
EDUCATE YOURSELF IN SALES. VERY IMPORTANT
The most important part of the sales call is listening to the customer's objections and answering them quickly and efficiently so the customer doesn't lose interest. Of course, some times products are so great they will sell themselvesbut not to every customer that looks at the given product. While this may be a fine method for you to learn sales, it will likely prove to be a waste of time. People can be particularly difficult to convince to buy your product so learning the art of sales through example, through occupation or through reading books written by the sales experts will help you get a handle on this important aspect of your business.
CREATE. DESIGN. WHAT WORKS WITH YOUR BUSINESS MODEL?
For example:if you had an antique furniture refinishing business, incorporate another aspect of furniture refinishing into your business like refinishing new furniture with water marks on it.
369 NICHES ROLLED UP INTO 1 PRODUCT
TURN ANY HOBBY INTO A BUSINESS. DISCOVER
24 TOTALLY UNIQUE BUSINESS MODELS.
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