Be unique, or follow trends?
I think many of you know what the concept of a franchise is in business. Someone came up with a product, created it. And then someone is able to buy this idea and apply to own business. It is legal. And it works nicely for many entrepreneurs. But is it not better to invent something of your own that will stand you out among competitors?
We always try to pick a right niche. What does it actually mean “right”? It’s a niche where enough people searching for the product, but at the same time it’s not overly competitive. In this case, it’s just enough to build a company with automated business processes to earn stably. But it does not guarantee to earn a lot.
One of our customers from New Delhi created online education school that teaches people how to fly drones like a Pro. It started with a small course how to fly drone safely, but now school provides detailed courses for different types of pilots. This unusual idea has turned the hobby into a successful online business with a turnover over $50000 USD per month.
At the same time, you can choose a trend niche, and try to make it better. In our case, when we talk about online education, you can come up with a new learning approach that will make your course more interesting, exciting and original.
As Steve Jobs said, "Innovation distinguishes a leader from a follower". Try to do what no one else has. Think! Look for new techniques and implement them!
Then you can boldly count on the rapid growth of your business. Usually creator receives more than the imitator!
#billionaire #millionairethinking #billionairethinking #motivation #wealth #success #entrepreneur #power - 20 hours ago