Compare all desired niches using the "investment - result" scheme. Transaction period . There is a list of business niches where income is received only after a certain period of time. If you invest in construction, be prepared for dividends to start coming in after its completion. Having no other income, businessmen strive to make a profit in a short period of time. Then it makes sense to start selling products that bring money in real time.
Sales frequency . the faster you can get income. Organize the sale of irreplaceable mom database goods, and you will get a high customer turnover and good profit. In order for the customer to become regular, you need to sell something that he will constantly return for. Scale . It is good if your business has no geographical reference. Sell goods all over the world. Online business niches are very relevant now and are in great demand.
Use the analytical table to monitor information. Competitor assessment Research of competitors' business practices, their strengths and weaknesses, prices and discounts, comparative analysis of the commercial message for the consumer is a convenient way to choose the direction of your project. To study the entire market and become the best in it is the highest level of skill. List 10 profitable customer demand options in the table and develop a strategy for superiority over competing firms.