Identify Your Niche Understanding Market Demand When I first started thinking about launching my online retail business, the very first thing I tackled was figuring out what niche to dive into. This step is crucial because you want to ensure there’s a demand for your products, so they actually sell! I started by researching trending […]
Step 1: Find the Right Niche Understanding Your Passion and Skills Finding the right niche is absolutely crucial if you’re looking to start an online retail business. It’s best to begin with what you love or what you’re good at. Think about your hobby or interests. Personally, I’ve always been into sustainable products, so that
Understanding Your Market Research Your Audience When I first decided to dive into the world of online retail, I quickly learned that understanding my audience was key. You can’t just dip your toes in without knowing who you’re selling to. So, I started researching demographics – age, preferences, buying habits; you name it. The more