How to Identify Lucrative Markets to Serve?

Discussion in 'Finance, Investing & Economy' started by TerminusFooty, Oct 23, 2013.

  1. TerminusFooty

    TerminusFooty Member+

    Feb 4, 2012
    Club:
    Atlanta Silverbacks
    Nat'l Team:
    United States
    I just listened to this podcast:

    http://www.smartpassiveincome.com/no-ideas-no-expertise-no-money-business/

    The guest talks about finding business sectors with pain points that you can then solve by developing a subscription based web service for them. I am not interested in paying for his course, so I am wondering if anyone knows how to identify lucrative business sectors to serve. Thanks!
     
  2. bostonsoccermdl

    bostonsoccermdl Moderator
    Staff Member

    Apr 3, 2002
    Denver, CO
    I
    didn't listen to this yet, but I think going after the most lucrative will be harder due competition. If anything you might want to use the concepts to go after any established industry that is perhaps off the radar screen so to speak. .. This at least will get you experience w/o competing over the newest/hottest area...
     

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