How to make easy money?
There are so many kinds of work, profession, and business, which one have the Blue Ocean to swim? Which one is the niche at current stage? The wise mind will know which one is the best to work for, to invest into.
We had discuss about the step one for how to make money easily, you can read it. How to identify how to make money?
You need to understand few things before start to plan on a project or a business.
- How many competitor in this related business?
- Who is your target audience?
- Who is your buyer?
- Who is the person you need to recruit for this business?
- Is the market ready for this business?
- What is your short term win and long term win?
If you have all answer for all above, you got to evaluate all the answers, for instant, if there are tonnes of competitors in your field of business, you need to double check the market size of the business, if the market is still big, you can proceed to do business plan.
Let’s say, you wish to start a Car Manufacturing Business now, with a total new brand name. As you know we have Japanese Car Manufacturer, China Car Manufacturer, Korea Car Manufacturer, US Car Manufacturer, and European Car Manufacturer. All of them contribute more than 50-100 different brands, and sub brands. You started as a fresh brand name, how to penetrate the market, how to gain buyer confident, how to convince buyer to buy yours brands instead of the trusted brands on the market. When you rate all the discussed points, you will understand that starting a new Car Manufacturing Business is a BIG NO NO. But it is not stopping you to start Car OEM Business, you can become the BIG NAME appointed Manufacturer or Assembler.
You need to study carefully before getting yourself busy with all the Big Plan. Big Plan always blur your vision and make you believe it will works, but it is not.
Make Money always not the difficult part, the important part is making right decision.
Stay Tuned for the Make Money is so easy Part 3.