opportunity to determine
How to study the market and why is it needed? (part 1)
First, let’s figure out what a market is. I say again, I write about my concepts, which do not have to correspond to textbooks. Therefore, the market for me is customers, but competitors. And that’s all. Roughly speaking, of course, but the essence is as follows. Accordingly, to study the market is to study customers and explore competitors. Just huh? 🙂
More about what it is to “explore the market”
I’ll start the paragraph as I finished the previous one – excuse me. Explore the market – this is to study customers and explore competitors. In fact, you have two areas for market research. Continue reading
How to make money on tea?
In order to open your own business you need a business idea, of course. Today we’ll talk about one interesting thing – we’ll call it “how to make money on tea”. Tea is a very popular modern drink, which has a lot of useful properties. More and more people understand this truth and prefer high-quality types of tea. Using these features, some enterprising people build their business on this. Let’s look at how to make money on tea?
The tea business is a rather profitable business, only requiring large investments. To start their activities in this area, you need to have 40-50 thousand dollars. But you can make money on tea well :-). It is important to think over the concept of your business: own some information regarding the types and quality of tea and decide which one to trade (by weight, packaged or packaged). Continue reading
