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Entrepreneurialism Information |
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Determine Your Niche & Be Successful
What's a niche? Dictionary.com provides a great, twofold definition: It's safe to say you will be most successful and fulfilled in business if you provide a product or service that others want or need, in an area that is "right up your alley." There are thousands of business opportunities but just because something worked for someone else, doesn't mean it will work for you. Doing something you love is undoubtedly your best option. "But," you say, "what I love is just a hobby. I can't make money from doing that." Well, chances are you'll be able to figure out a way to turn a profit from it. All it takes is a little creativity. Answer these questions to hone in on a business idea that will suit you and therefore, set you up for success. When answering the questions, don't limit your answers. Brainstorm. Write down everything that comes to mind, regardless of how silly, impossible or unprofitable it seems.
Once you've jotted your answers down, review them and see if you pick up on any themes. Again, don't write anything off at this point, just group like things together. Maybe you listed your job as a teacher's assistant (TA) in college as being one you enjoyed. Perhaps several friends have told you you're really good at explaining computer problems. These two items would constitute a theme such as teaching, troubleshooting, finding answers, etc. The theme "name" isn't important; the job characteristics are. Now look at the your themes. Are there any that stand out above the rest? Any that really stir up passion and excitement in you? This is your niche in the larvae stage. All it needs is a little "fleshing out." Time to get creative. Look at your theme from all angles. Try to figure out a way you can make money from it. What are others doing with it? Google some keywords to see what kinds of websites pop up. Ask people around you for ideas. Take advantage of the creativity of other entrepreneurs and small business owners in online forums and offline networking groups. If a second or third theme emerged during your brainstorming session, come up with ways to integrate them into your primary theme. Think outside the box but stay true to who you are. The possibilities are endless! Amy Andrews is the owner of SimplyComplete.com, where businesses & individuals post their to-dos for free and find virtual assistants to help get their to-dos done!
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