As I mentioned in earlier posts, the month of August will be dedicated to the Thirty Day Challenge. Did you notice, however, that August actually has 31 days? Me too. It looked like a good idea at the time. Of course the Thirty Day Challenge sounded way cooler than the Thirty One Day Challenge.

If you ever considered creating and running a business online, then there is a concept that you will need to understand. This concept comprises of four parts, hence the title of today’s post. We’ll examine these briefly:

  1. Market Research: A stage where 95% of people starting out in business go wrong. You’ll have to figure out if a market actually exists and also, if that market is interested in buying.
  2. Traffic: Just like your ordinary store, if you don’t have people coming to your store (or your site in this case), you’ll never be able to make a sale, regardless of the product you have on offer.
  3. Conversion: Getting the people that visit your site to perform an action, whether it is purchasing an actual product or signing up for your email list etc.
  4. Product: The market will tell you what kind of product they are in need of, hence you will be looking to create/find a product that solves their problem.

Most people start with creating a product and then try to market that product that no one is willing to buy. In order to be successful you’ll have to follow the steps above in that precise order.

Before you begin with Market Research, you’ll need to have with you perhaps the most important tool ever…a notebook. Seriously. You just never know when a bright idea might strike you, even at 3am. In your notebook, you’ll be able to write down your niche ideas or other content that you will be able to refer to later on in life.

Once you have that covered then you are ready to start finding a niche. When looking for a niche, you might want to look in areas that you have a specific interest in, such as hobbies or activities you already do. It makes the process so much easier if you have an active interest in your chosen niche.

The Thirty Day Challenge gives you ideas on where to explore possible niches and a whole lot more resources. One of those resources is the Mindset segment and Day 1’s topic was procrastination. In order to eliminate procrastination, you’re going to have to 1) get rid of your fears 2)only worry about what is really important 3) make time and just do it.

You can get more of Day 1’s training here. We’ll catch up with you on the next post.