The Web Business Decision Matrix spreadsheet tool was this week’s business spotlight which helped discover the business needs and trending keywords using the Google Analytics Keyword Planner. Having to chose 20 different business ideas and research the keywords really was a difficult process and taught me just how diverse and random searches are for different products. This trend analysis is a great way to start any business because it gives you background and insight on the markets before you do any work. The next few tabs which help uncover the suppliers, time, and investment was also beneficial because it allowed me to really think through different business models and how they are organized. Affiliate based business really seem attractive from the start but when you start uncovering how limited they are compared to the others you really limit your profit potential. Unless you are a major radio personality and have a platform to advertise, the affiliate is really going to be a difficult business model to use.
Comments
Post a Comment