This Article is About
new business
successful internet marketing
tangible products
commission junction
marketing campaign
three steps
affiliate program
3 Steps For Market Research For New Business
Join 1000's of Authors at StreetArticles Today!

With these Three steps for market research for new business you will find the right customer, locate a monetized product or service, and evaluate the competition. Each of these factors is critical for a successful internet marketing campaign.

1. KNOW YOUR CUSTOMER: Without a demand for your product you will have no sales. When conducting market research for new business I ask “why and when would someone need this?” and "Can they afford to purchase it?". I begin my search in google forums. I read the comments to see if there is a need and a solution. If they can find a solution for free, if the solution is something they can’t afford, or if there is a need but it can wait that tells me there may not be a sale. I also like visit and . Both these sites give me information what people are interested in and help me determine the likelihood of an IMMEDIATE need for a product or service.

2. IS THERE A PRODUCT?: Next, I determine if there is a solution to the customer’s need that I can make money from. I want to find a product that already exists and has an affiliate program. I also am looking for a product that DIRECTLY solves the targeted customer’s need. Some popular programs to check out include: Clickbank – digital products – tangible products Commission Junction Pepper jam network I suggest you register to more than one affiliate program. Also double check with more than one program because they sometimes have the same product but with different pay-out rates. You want to find the program with the best pay out rate. Popular doesn't always mean profitable. You can make money in any niche if you have the right product. You may discover a less popular product will make you more money when doing your market research for new business because it has an untapped niche and there is a need that is not being met. That leads me to the next subject…your competition.

3. KNOW THY COMPETITION: Don’t invent the wheel if it already exists. When doing your market research for new business check out your competition. Is there a way you can improve upon their method? Is their website optimized? Are they selling the same products you want to sell or are they different in some way? Knowing your competition will help you design a campaign that sets you apart from the masses. It is a big internet pool so you don’t have to copy. In fact, the best campaigns are those that are genuinely yours. If your market is too crowded with competition you will not make money. Use google's free keyword search tool and type your keyword in quotes. This will tell you exactly how many other websites have that specific keyword. If there are more than 1000 then you have some competition. Another place to check out is They have tools to help you gather data on traffic for keywords. The greater the competition the less likely you will ever get on the first page of google, yahoo, msn or other search engine sites. That is the prime real estate you are targeting. You want that. If you have too much competition move on. It won’t be worth your time and it definitely won’t be worth any money.

Try out these tips next time you are doing your market research for new business. With a consistent and methodical approach to market research you will have happy customers and better sales

To learn more visit my website at and click here to receive your Internet Marketing Getting Started Guide, Wishing you the best in all you do! Natalie.

Street Talk

No comments present
You May Also Like
How To Market A New Business At Minimum Cost
Hopefully before starting out some initial business will already have been secured but it is vital to develop a new business pipeline as soon as practical without spending too much cash. This article compares various methods to market a new business based on the time invested versus return secured. Most…
By: Phil Smith in  Business  >  Marketing   Feb 11, 2013  
  Likes: 1

New Business Opportunity
Have you ever wanted to build your own website but thought it would be too difficult to learn? Today learning to build and market your own website has never been easier. I have come across an online university that provides you with everything you need. Wealthy Affiliate University as highlighted…
By: Bob6 in  Internet and Businesses Online  >  Web Design   Jan 22, 2012  
  Likes: 1

Ideas for A Website - Super Tips
It's extremely important to have a plan when building a business. Afterall, looking for ideas for a website is basically an online enterprise. If you have no idea on where to begin for your new business, I suggest you start with the basics. Starting with the basics will not only…
By: Saytue Saye1 in  Internet and Businesses Online  >  Web Development   Dec 13, 2011  
  Likes: 1

7 Essential Keys to Successful Internet Marketing
There a 7 Essential Keys to Successful Internet Marketing that I cover in this video here today. The first thing I want to let you know is that working from home, and becoming a network marketer is not as easy as people say it is. It is very challenging; you…
  Likes: 2

Setting Up A Successful Internet Marketing Business In Todays Market
Setting up an internet business is fairly simple now with all of the tools out there and if you have a true heart felt passion for it and can manage your effort and time. There are many people averaging five figures a month online by finding a market or a…
  Likes: 1

Successfull Internet Marketing
Did you look in the mirror recently and ask yourself what am I doing here. ( that is your work place ) of course. I think their are definately people saying that every day of their life's. But why, is it the traffic on the way to work.. or maybe…
By: edster in  Internet and Businesses Online  >  Internet Marketing   Oct 08, 2011  
  Likes: 0

Internet Marketing Mentor - Where to Find the Best One
What qualities should you look for in an Internet Marketing Mentor? Before I tell you what to look for in the right one, I should probably tell you what NOT to look for in an internet marketing mentor. These things are: - A mentor that tries to charge you money…
  Likes: 0

Designing A Website That Looks Professional
Your website is usually the first impression your potential clients and customer get of you and your business. You need to make sure you have a website that is professional and attractive. This is a key to running a successful Internet marketing campaign. If possible you want to keep your…
By: TroyF in  Internet and Businesses Online  >  Web Design   May 13, 2013  
  Likes: 0

Do You Want to Know How to Learn Internet Marketing?
Learning internet marketing can be a tedious task, especially if your trying to learn it all on your own. If your serious about making money online, then I'm going to tell you how to learn internet marketing from the comfort of your home. I first became intrigued with internet marketing…
By: angie smith in  Business   Dec 29, 2012  
  Likes: 6

In Hot Water Or Sticking To Affiliate TOS ?
When you decide to become an affiliate marketer, you’ll have the opportunity to promote many different types of products. You can promote tangible products or intangible ones. It’s important to learn as much as you can about affiliate marketing in the beginning of your journey - but there’s one very…
By: Tony B in  Internet and Businesses Online  >  Internet Marketing   Mar 22, 2013  
  Likes: 1

Procure Digital Marketing Experts
Deciding showcasing technique for an effective business is a troublesome choice. While a few organizations have cheerfully grasped the most recent techniques, numerous are as yet attempting to stay aware of patterns. Computerized advertising can overpower, accordingly one needs to completely comprehend the dangers and complex difficulties. Computerized counseling firms…
  Likes: 0

The Email Marketing Guide For Artists
How often have you had somebody let you know that they "cherish your work however can't purchase it at this moment?" What do you typically do? Remove a bit of paper and give them your email address and telephone number? Give them a flyer or a business card? Do you…
By: showflipper in  Internet and Businesses Online  >  Internet Marketing   May 19, 2016  
  Likes: 0

Attraction Marketing - Attraction Marketing Strategies
Attraction marketing is a set of strategies used by entrepreneurs, internet marketers and everyone who works for themselves. As an entrepreneur you provide self-employment business opportunities or work from home opportunities to other entrepreneurs. Branding is a way of creating a recognized and singular image for a company or group…
  Likes: 1

Internet Marketing Blogspot
Like any other jobs, affiliate marketers are constantly looking for ways to improve their earnings. It goes without saying that an affiliate marketing blogspot would be an excellent vehicle to earn marketers some decent income. It is a platform similar to word press and is owned by Google since 2003.…
By: Chris Whyte in  Internet and Businesses Online  >  Internet Marketing   May 15, 2016  
  Likes: 1

How to Market Your Art Creations Online
Selling art online can be somewhat of a conundrum for artists. In the days of the internet it is not enough to just be a good creator or communicator, one must be able to ensure his art reaches the right audience. One needs to continuously expand the circle of people…
By: showflipper in  Internet and Businesses Online  >  Internet Marketing   May 12, 2016  
  Likes: 0

Article Views: 2544    Report this Article