So, you’ve got a great product or service that you’d like to launch online. But you’re hesitant.
Why? You’re hung up on the potential of whether there is enough demand or too much competition in your niche.
And rightfully so.
The last thing you want to do is invest your blood, sweat and tears into a business idea, only to find out it’s a dud later down the road. Before you jump into anything, it’s critical that you assess both the supply and demand for the niche that you are selling into first. You want to get a sense of the potential market – or lack thereof – for your idea before pouring all your time, effort and money on it.
Here are some ways to assess the strength of your business idea before you get started. Continue reading Is There Demand for Your Product?