Last updated on June 9th, 2017 at 11:23 am
“It’s not about Ideas, it’s about making Ideas happen” When we are talking about a new business idea, so many things come to our mind but the value lies with the execution. Start-Up failure rate suggests most of the entrepreneurs suffer due to execution and accountability. Here, there are few things to be looked after to make an idea a viable opportunity.
Identifying the exact needs
Knowing of your customers’ needs is important. However good your product or service is, the simple truth is that no one will buy it if they don’t want it or believe they don’t need it. Before going to sell something, you must know about the stuffs people need. Do they need what you are going to be selling or do they really need it?? If the needs are really compelling, the chances of your success are high.
Find out if it is being done already
Before executing your idea, it’s necessary to find out whether it exists before or not. Because it’s quite obvious, you do not want to spend significant time and money on something that is already in the market place. Sometimes, you may find that your idea is similar to others but not quite same; in this case you will get a competitive advantage over existing players.
How and where is it going to be sold?
Product selling is not always a cake walk. It is a headache for an entrepreneur ‘where he is going to sell’. Selling it over internet i.e ecommerce or in a traditional way, the options you need to ensure. Setting your business online is a wise option that may minimize your start up cost and give you a smooth run always.
You can hire a website design company in Bangalore, India or use website builder like Wix in setting up your web presence. In the internet Era, you need to market yourself online and should take consultancy from a professional digital marketing company for efficient marketing through internet.
Pricing remains a main attribute in business. You need to make sure that your pricing should be according to your potential customers. When considering pricing, you need to understand
- The competitors price
- Whether it is a compelling need or not?
- Is it replaceable by other substitutes?
Sustainability of a business comes when you understand your customer and why they are buying your product/service continuously. Think about how to retain your customers, what will keep them coming back, how to protect yourself from competitors. Trust and transparency are the main attributes to make customers fall in love with your business. For customer retention, always try to show your gratitude toward them.
This all about making your business dream a reality. Good luck with your new idea and new opportunity.
About ClickPoint Solution
ClickPoint Solution is one of the leading Website Design Company, Bangalore, India with having more than 10 years of experience. We provide complete web related services includes Domain registration services, Hosting services, Web Designing Service India & Development, WordPress Development Services, Ecommerce website development, website maintenance services, Graphic Designing, Digital Marketing Services India like SEO, PPC, SMO, Lead Generation and Website Maintenance all under one roof.
We provide the services all the industries. Recruitment website design, interior website design, event management website design, hotel website design are some of the industry, it provides the website solutions.