Having a great business idea is extremely exciting, but it's only the start of an entrepreneur's journey. The steps that should follow the birth of a brilliant idea are what matter. Abid Dharamsey is a social media expert, and here, he wants to share how to transform a great idea into a feasible venture.
Before you start working on building your business, you need to make sure that your idea is realistic. "Are you solving a problem for the consumer?" asks Abid Dharamsey. "What value are you adding to their lives?" You also need to know your target audience and figure out whether they would be interested in your product or service. Moreover, you need to make sure to check out your competition and see if someone else is already doing what you want to do. "If someone's already selling the product you thought of, figure out if there's room in the market for competition or if you can do something unique to set yourself apart. If not, you might want to consider coming up with a different idea."
One of the most important things while building a successful business is getting a team of experts behind you. Most ventures aren't a one-person job and require you to hire a team. "You shouldn't expect to do everything by yourself. You might start out that way due to your budget, but once you start making money, you'll need to invest in team-building." Marketing is also vital to get the word out. "Figure out where your target audience spends their time online, then join those platforms and work to understand them. If you have an online business, the best place to find customers are the digital platforms where they like to hang out."
Starting a business is one of the most fulfilling things you can do. If you follow Abid Dharamsey's advice, you could be making money and living your dreams in no time.
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