Ask Leo: How Do I Build A Profitable Business In 2024?
Every on wants to make money, whether it is online or offline. As a business owner, the more the sales you make, the more the money you make and of course, the happier you become. If you don't have a business of your own, what will be the case? How can you build one? Not just any business, but such that brings sales consistently? Read the writeup below by yours truly and be ready to take action this 2024. Here's How to Build a Business Online That Brings Sales Consistently
Before we proceed to the how you can build you business online, I would like to send plenty of LOVE to everyone here on hive celebrating the new year in hopes for an advancement in our finance lifestyle and growth in business and many more. I am glad to be informing you all that the very ending of 2023 happened to be when I tend to focus on my hive writing here on hive.
This year 2024 I am giving you my words that I will not sleep on this as I am more than willing to make sure of it not because I am thinking about it but because I am very much sure about it. Now for you getting involved with my daily hive blog posts means you are going to be learning alot. In other words, it is going to be a good benefit as I already give helpful information in all of my hive daily publications and open to suggestions and contributions so we can be grown together. With that being said, let's dive into our today's topic right away. What you must do:
1. Identifying a problem people are willing to solve:
People have more than one problem, and some of them have become a part of their lives while others are threats to their continued existence. Those problems that have become a part of their existence, although problems, most times, they are not willing to solve them. They are simply problems that do not cause them enough discomfort to make them forego other alternatives for them. These right here is what I refer to as secondary problems.
Don't try to solve those problems. You'll struggle to make sales because before the person considers buying a solution to solve that problem, it means that they don't have a pressing problem anymore. But there's another category of problems. This category is what those in the eCommerce sector call 'hot products.'The problem is hot enough to cause immediate discomfort to the person experiencing it. For example, if you begin to experience a toothache, painful enough that you struggle to chew meat, you'll find a solution to it immediately.
P.S: The problem you identify must not be a peculiar problem. That is, it must be a problem that's widespread - a problem that has enough people facing it. The idea is that you want to sell to as many people as possible. But of course, you can also solve the problem for a few people and cash out big from it.
2. Finding a solution to the problem:
Can you solve the identified problem? Now, by solving the problem, you put yourself in a perpetual position to continually make sales. But solving the problem doesn't mean that you have to become a record breaker. You can simply partner with another who has the solution and resell the solution to those with the problem. That way, you don't bother yourself creating a solution from scratch. If you can build the product from scratch yourself, that's okay, but if you desire to go through the route of taking an existing product, rebranding it, and reselling it, you can consider the following models:
- Affiliate products
- Private Labeling
- Dropshipping
- PLR products.
- Package the solution and sell it to those people
Activate the beast mode in you and sell 'shege' out of the product. Got value? Let me know in the COMMENT SECTION Please, don't enjoy this premium update alone Hit the REBLOG BUTTON and share it with others here on the hive space that need this information to get a proper growth transformation.
