So you've decided to start an online business or take your offline business online. Maybe you're tired of your corporate job? Maybe you're a Mom, like me, looking for a way to take care of your kids while you work from home? Or maybe you already have a business, but tired of trading hours for dollars?
You have a story, you have passion, and you are hoping you have a business idea. I love when business owners have passion for what they're doing. I'm such a passionate person and it makes going into your office so much more enjoyable when you've got passion for what you're doing. But unfortunately passion alone won't create a successful online business. The key to a booming online business or any business for that matter is passion plus demand. Without demand you have no customers and thus no business.
It's easy to just tell your friends and family about your new business idea, but you are going to need a little bit more market research then this. So where do you start?
Google Keyword Tool- Find out how many people are searching for what you're passionate about. Go to https://adwords.google.com/
Google Trends-http://www.google.com/
Create a free offer- Another great way to test the market is to create a free irresistible offer and see if anyone is interested in it. By setting up a one page website, a squeeze page, you can test the demand. The most important thing to keep in mind though is you must send traffic to this website to get accurate results. If no one is signing up for your free offer you might want to tweak it or you might need to move into a different niche.
Check out the bookstore- If your business idea has a huge section in Barnes & Noble and several magazine racks you're onto something. Also, I just got this great tip from one of my Twitter friends @NormLanier. Head on over to the personal development section and check all of the Chick Soup book titles. There is a reason these books are so successful and there are over 100s of subjects they focus on.
So even if you've already started your online business, it's not too late to do your market research. You might find a niche you never thought of. And if you're just getting started remember to combine your passion and demand and you'll easily create an online business that has what it takes.

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