A Fallacy of Online Business – The Need For a Groundbreaking Idea:
Many people run into an unnecessary roadblock when they consider getting started in online business – they think they need to come up with a fresh idea that’s never been done before. Luckily, that notion couldn’t be further from the truth. Following in the footsteps of proven existing businesses can be a successful strategy as well. And of course you can add your own twist in order to stand out.
Many individuals also pursue “information” businesses, which requires research and the re-packaging of useful information in an easy-to-understand format. For example, you may realize that it’s difficult to find information on repairing Harley Davidson motorcycles. All of the information is out there somewhere, but it doesn’t seem to be packaged concisely all in one platform. If this was the case, you were interested in the topic, and others were interested in the topic as well, it could potentially be a highly profitable idea to create such a platform yourself. This method can be applied to numerous topics – such instances are plentiful. There’s no need to create the “next big thing” that requires complex technical skills and lofty research & development costs.