NICHE MARKETING IDEAS

LNUX stock price (09-Dec-1999 through 09-Dec-2000)

WHAT’S IN YOUR NICHE?

The one-million-worth question in niche marketing business is “what’s your niche?” This is the fundamental requirements before starting your business. Here are some advices from expert marketers.

1. Your interest or hobby

- Doing the things you like to do or the things you really enjoy will greatly reduce the effort you needed to exert.
- When the niche business that you choose is in-line with your interest, you can treat it as a hobby, not work and of course you can generate a lot of ideas. Also, you may already have an access to the market, because basically, you actually belong to that niche.

2. Hot Niches

- Choosing a hot niche or a niche market that is fast growing can be your gateway to success. How many of us will have the idea that social networking will be a big boom in the internet? Facebook did realized early, and look at it now, a billion dollar worth company.
Yes, choosing a niche market that align with your interest and is also fast growing can spell your success in this type business.

ARE THERE BUYERS ON YOUR NICHE?

Another crucial requirement in choosing a niche is its profitability. Although it is a big advantage in choosing a niche market that aligns with your interest, it is not yet the end of the story. If there are only few members in your preferred niche, you might as well ask yourself a question, “Am I going to profit with this niche?” Always remember, it is not just a hobby, it is business.

Gathering enough data from your targeted niche should be done on the front end. Just a simple market study will suffice and give you a degree of confidence that you are actually making the right choice. Look at the critical market criteria like market value and sustainability.

The thought is just simple, know whether it is good decision to proceed or not in a particular niche. Turning back is not always cowardly; it can be a sign of wisdom. Learn the lesson from others who started a niche business without concrete foundation of a reliable market data.

COMING UP WITH NICHE IDEAS IS EASY

Newbie in niche marketing business are likely sceptical. They are not confident about their capability to generate niche marketing ideas. Well, the good news is, it is not difficult. Just be positive and follow these simple tips.

1. Be sensitive to others needs

- Be aware of the needs of the people around you. Always keep an eye to their problems and frustrations. Problem, in fact is a manifestation of an unmet need. And do you know someone who had no problems? There’s none isn’t it? So there are still needs that needs to be met. All you need is to be keen in observing.

2. Be updated with the news

- ‘The needs of human are never ending’. This fundamental truth tells us that the opportunities of building a business are never ending. Every day, new needs are formed.
- Who knows that cellular phones will rise up as a basic need? Yes it did. And those who figured it first were now successful businessmen.
- The secret is to be the first to know and be the first to move. And how can you be the first? Listen, read and always be updated with what’s happening around you. Read news about the latest trend and the latest need.

4 Steps to Replace Stolen or Lost Passbook

My passbook (inside my bag) was recently stolen inside a local grocery store, and I would like to share the steps I took to secure my account and get a new passbook. By User:Aerous ", CC BY-SA 3.0 , Link The steps outlined here are for a BPI savings account, but generally, the procedure will be very similar to other banks in the Philippines. 1. Call the Bank to Secure Your Account The first and most crucial step you need to do immediately is to contact your bank by phone or personally report it to the branch where you opened the account. This action will ensure that funds will stay put. The bank will lock the account immediately. The big banks have 24/7 hotlines. For BPI, it's 889-100. You have to do this step ASAP after discovering the loss. 2. Go to the Branch to Ask for a Replacement of the Passbook It can mean a simple replacement of the lost passbook, but it can also mean closing the entire account and opening a new one for security purposes. 3. Get an Affidav

Resigning? SSS Will Deduct Your Loan Balance from Your Last Pay

The purpose of this article is to inform the public about this policy of the Social Security System (SSS), the government-owned insurance company for those employed in the private sector. I just learned about this a few months ago when my company announced a workforce reduction program. Among the sad discussions is about this policy of SSS regarding loans in cases of resignation or retrenchment. Section G-2 of the SSS Loan Terms and Conditions (at the back of the loan application form) explicitly says the following: "The employer shall deduct the total balance of the loan from any benefit/s due to the employee and shall remit the same in full to SSS, in case the member-borrower is separated voluntarily (e.g., retirement or resignation) or involuntarily (e.g., termination of employment or cessation of operations of the company)." In other words, y ou will be required to pay the rest of your loan (including the interest) when you change employer or employment statu

How Much Does a MRI Scan Costs in the Philippines?

My dad needs a Magnetic Resonance Imaging (MRI) scan for his prostate problem. I did a little research on how much does it cost to have one. Well, it depends on many factors, such as which body part is to be scanned. There's also this technique called "MRI with contrast," wherein the patient will be injected with a chemical to make the scan clearer. For your information, this technique of adding contrast is known as Gadolinium Contrast Medium . It adds cost to the procedure, but with more clarity, the more you can trust the diagnosis. MRI Machine KasugaHuang , CC BY-SA 3.0 , Link So, in my father's case, we had a Prostate MRI, and I assume it was without contrast since he was never injected with the "contrast" chemicals. We got it in i-Scan Healthcare Inc. here in Quezon City. The cost is 13000 Pesos . Please take note that the amount was just for the scan, and a separate professional will read the result. Some laboratories offer this service (i.e

BLOGGED PHILIPPINES

Search This Blog