Before You Start Any New Business or Product Make Sure It’s Drivin By One (or more) Of These 3 Ways
One mistake a lot of people make (I’ve done it plenty of times) is letting your emotions decide whats the best product or business to do.
While creating a business around something you’re passionate about is one of the best ways, most of the time we’re driven to create products/businesses that are not related to our passions for whatever reason.
So, we need to make sure our new venture has some force behind it that will literally drive sales by themselves.
There’s 3 main ways which are:
Product Driven
A product driven business/product is just that. A product that’s so unique, and interesting everyone wants it. This could be a want by not just consumers by distributors who want to promote the product for you.
The unquieness of this product sells itself. A product driven business has the least amount for success of the three ways I talk about because you will need to find or create this unique product. However if it works and you can create a truly unique product then this can make you ultra rich. A recent example is the magnetic bracelet.
Market Driven
A Market driven Business/product is one that finds what the Market wants and then sells the products/services to that market. This is the basics of “Find a need/want and fill it” concept. This is the method most Marketers talk about when talking about how to create products and making money. This is in the middle for the reason it is a great way but requires a decent amount of research and you will face the most competition with this method.
Media Driven
When people like Oprah speak about a product or business it becomes Media Driven. When someone famous says they like certain music, shoes, clothes, movies, these things become media driven. Using a products that is Media driven when it first hits the airways is one of the easiest/fastest ways to make money. You can go from zero to millions with a Media Driven product as an affiliate if you get in early. This is NOT limited to anything specific.
Utilize one of these 3 ways before creating or promoting a product and you will have many many more successful promotions that make you a lot more money!
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