Blogger BlogNet27284

The Number One Reason Why You Fail to Make More Money Online

Published Thursday, October 9, 2008 by bloggerblognet83460 | E-mail this post

Of all 100 people who are trying to make more money online, only around 5 of them actually achieve this goal. The question now is what makes this 5 percent successful while the rest are having hard times making sales? The main reason is because of market research. Out of 100 people, only 5 of them put in real effort into market research, and that is why they succeed in their online business and make more money online.

Market research is the most important factor that will determine how long your online business will go. In the world of internet, many people get excited when they come across a hot product, and they want to promote that product without knowing the market's situation. This is why most people fail. You have to start from a market, not from a hot product.

Market research is the foundation of your online business, if you are not doing it well, your online business will not go long and your business will get wipe out anytime when there are any serious competitors coming in. That is why you need to build a strong and solid online business, and it all starts from market research.

There are 3 criteria you must consider when you do research on your market, they are:

1. Your market's profitability. You have to know whether it is a profitable market. If the people in your market are not willing to spend, you will be having a hard time in closing sales.

2. Your market's competition. Know how competitive your market is. No matter what market you are in, there must be at least some competition, if there is no competition at all; maybe it is not a profitable market.

3. Your market size. The bigger your market, the better because you can share a larger pie. However, make sure that it is a niche market. In internet marketing, your market size is defined by the number of searches for the keywords related in your market.

These are the 3 criteria that you need to consider when doing your market research. Always remember, you have to do market research before diving into your market. It is going to determine the future of your business, do it seriously and you will reap the rewards later.

Discover how you can earn money online the fast, easy and automatic way. Claim your Free Download of 2 weeks e-course, Automatic Online Profits here, http://www.EasyAutomaticProfits.com - This is a complete course from the head until the toe.

If you don't act on this information today you may never get the opportunity to take this life changing step again. Just follow the link and start your new life today!
For more information about success and earning money online, click here.

Dog Accessories
Hypnosis CDs