Analyze Your Competition

| Total Words: 534

Im sure than when you first decided to work from home online the one thing you had in mind was a brilliant idea. Or so you thought. Like many more before you I bet you started your business without knowing much about the industry. You knew inside that your idea was great and that it was going to bring you a lot of profit. And after much work and a lot of money putted into it all you got to show for it was.what?

You arent the first and probably not the last to start a business just from an idea that he or she thinks its the perfect one and then find out that many people before them have tried the exact same thing and havent made any real income from it.

Many people think that all it takes to work from home on line is to create a product, create a website and just wait for people to come and buy it, yet no one does.

This scene is very common because people think their idea is unique and start a business without doing the market research first. You have to do your homework, find out who are you competing against and what are they offering.

One thing you will always have to look out for is prices. Understand how competitors are pricing their products and...

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