Don’t be the only One
Hello, my friend and future millionaire.
Welcome to this episode of The Money Wheel.
My name is Don Shade.
In the last episode, I talked about finding your idea that you could turn to income.
So in this episode, let me follow that up just a little bit.
Why don’t you sit down and make a list of things that you’re interested in, simply research those things online and see if there’s a market?
Now, most people that start an online business, you don’t want to be the only one in your field.
There’s very few people that can pull that off.
You want to sell something that there’s a big market for.
In other words, there’s other people out there selling it; you want competition.
When it comes to online business, competition is a good thing.
The reason is, you already know that a market exists for the product you’re selling, because other people are selling a similar product.
There’s very few people that can start an online business and create their own product and make big money at it.
Now, there are a few examples: Russell Bronson with ClickFunnels, for example, he started that product and basically took the market by storm.
So I’m not saying that it can’t be done, but if you don’t have an idea like that, and you’re just looking to get into creating an online business and building an online income, let’s look at something that is already out in the market. Make sure that there’s a bunch of people interested in the same field that you’re interested in.
The way we do this is by creating a list of at least five things that you would be interested in.
As you write down this list, start researching on Google, Facebook, Instagram: are there other people selling products like you’re interested in?
If there are, we’ll know that you’re moving in the right direction and maybe instead of creating your own product to start out, you’ll want to do something that is selling somebody else’s product; affiliate marketing.
That’s where a lot of people start, because it allows them to sharpen their skill set, to be able to build an online business and kind of get good at it.
Using somebody else’s system, in other words, using their funnel and selling their product, you don’t have to come up with everything.
As they create one stream of income doing affiliate marketing in the background, they’re creating their own product that they want to sell.
So that’s some ideas on turning your idea into income and getting things moving forward for you.
That’s everything I have for this episode of The Money Wheel.