How Do I Know I Have a Great Product Idea for a Virtual Business?
Business → Marketing & Advertising
- Author Jackie Burgoa
- Published July 17, 2010
- Word count 491
How Do I Know If I Have a Great Product Idea for a Virtual Business?
The biggest question I get all the time is "How Do I Know If I Have a Great Product Idea for a Virtual Business?"
The answer is: Do a FREE online market research that can pinpoint if you have a credible, sustainable and profitable product or service idea. The same market research can help you re-position an existing product or service in a different profitable niche market. Once you have identified a profitable niche, start selling it through a virtual business, even if you have a physical office. It is difficult to succeed in today's market without a web presence.
The beauty of starting a virtual business, if implemented properly, is that you do not have to guess if your product or idea will fly. Thanks to the advance of technology, there are analytical tools out there that will allow you to do extremely sophisticated market research in little time. You can do today, in just a couple of hours, what big corporations used to spend months and thousands of dollars getting the same results that today takes you only a few minutes at zero cost.
The great thing about these tools is that most of them are free or have free trials. This gives you enough time to do proper research and see if your product will be profitable for you. If after you completed the research, you see your product is not a feasible idea, then the same analytical tools can show what other products or services you should start concentrating your efforts on to increase your chances of success.
Additional reasons I prefer a virtual business are:
- You don't need to set up a storefront to succeed
- You will save time by streamlining your business systems
- You will save money by digitizing all your back office processes
This means you can wok from anyplace, at anytime, at any pace. All you need is a computer and internet access to get you going.
The benefits of starting, managing and growing a virtual business are endless:
- You can take advantage of cutting edge technology, readily available for free
- You can reap mega profits just like big corporations do.
- Your competition will not stand a chance. While they are trying to figure out what happened, you will have already dominated your niche market.
You can see an example of a real sustainable, successful virtual business (100% virtual and paperless) at groupbenefitagency.com
Anyone can start a virtual business in minutes! You don't need major start up capital. You don't need investors. You don't need to risk months or years trying to break even. You don't even have to gamble your savings.
Visit http://virtualbusinessdashboard.com to get the "20 Insider Secrets for Starting Your Own Virtual Business on a Shoestring" and a video of "The Best Business to Start in This New Economy"
Just visit http://virtualbusinessdashboard.com
Jackie Burgoa was recently nominated "30 Women Entrepreneurs to Follow on Twitter" by Forbes.com and Alltop's "Top Latism News". She holds an MBA degree and has over 16 years of experience as a Virtual Business Owner. She is a U.C. Berkeley Graduate and has worked in Singapore, Bolivia & the U.S.
Her website is: http://virtualbusinessdashboard.com
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- How AI Writer Checker Can Help You Create High-Quality Content in Minutes
- What are the top 5 SEO strategies?
- How HR Payroll Services Can Streamline Your Business Operations
- Navigating the Social Media Marketing Landscape: Essential Strategies for Success
- Unlocking Efficiency: Why Choose Our Canon Printers for Seamless Business Operations
- Do Compelling Marketing Pictures Unlock Sales Potential?
- Become an SEO Expert: The Benefits of Certification
- 8 Essential Steps for Hiring and Collaborating with Commercial Photographers
- Marketing Strategies for Mooncake Suppliers: Standing Out in a Crowded Market
- Discover The Hottest TikTok Trends Taking Over Your Feed!
- How Crypto PR Exists Beyond Traditional Marketing
- How To Automate Affiliate Marketing?
- Effective Marketing Strategies for Tradies: Boost Your Business in 2024
- The Dos and Don'ts of Creating Engaging Online Content That Keeps Your Readers Coming Back
- Unleash Your Inner Artist with Google's Mind-Blowing AI Generator!
- The Impact Of Social Media Algorithms On Marketing Strategies
- Redefining Success with a Holistic Approach to Marketing Measurement
- Dong Yuhui being accused of being racist against women because refusal to sell women's underwear.
- Creating Buzz in the Hallways: High School Advertising Techniques That Get Results
- How does social media marketing tie into a digital solution service?
- Custom DVI Cables: Everything You Need to Know?
- Diet Plan for Weight Gain
- Navigating the Dynamic Landscape of Hot Trends in SMM Panels
- Unveiling AI Brilliance: Leonardo Laboratories at the Fore of Innovation
- Unlock Your Career Potential: How Our Digital Marketing Institute Can Propel You Forward in Mumbai
- Social Media Marketing: Harness the Power of Online Platforms for Success
- Growing Your Business Online: How Gardeners Can Utilize Digital Marketing
- Measuring and Boosting ROI Across SEO, Email, & Social Media
- Navigating Challenging Business Conditions: The Power of Strategic Marketing
- Unlock Your Style: Fortnite Skins for Sale