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How to Know if Your Business Idea is Worth Investing on
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[QUOTE="Holicent, post: 238843, member: 76163"] [FONT=Arial]If you are not Sure like many if Your business Idea is worth Investing In? read carefully. The idea of being your own boss and the work-life balance that comes with it can be a huge motivator to start your own business. But is your idea one that will take off? Follow these simple steps to find out: 1.know your target audience. Who will be using your product/service? Where do they hang out? How old are they? What are their habits and behaviors? How do they spend their money? Why will they want to buy your product/service? 2. Talk to people in your target audience. Ask them if they would use your product or service if it existed. Find out what price point they are looking for, what features are most attractive to them, etc. 3. Get feedback from potential customers on sample products or services (if possible). This step can be as simple as posting a photo on social media or as involved as preparing a few free samples for people who are willing to try them and give you feedback. 4. Compare yourself to competitors. Take a look at similar products/services already on the market and make sure there's room for yours.[/FONT] [/QUOTE]
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How to Know if Your Business Idea is Worth Investing on
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