Analyse your money earning opportunities
How to identify your Niche
Niche identification is finding a product or service you wanted to sell in a target market. A...
Analyse your money earning opportunities
Initial investment to start a business
The initial investment is also known as a start-up cost. This is the amount you need to...
Analyse your money earning opportunities
Choosing Generic vs Specific Niche
A niche is a specialized part of the market where you should dominate sale and market share....
Analyse your money earning opportunities
Fixed and variable costs
Fixed cost Fixed cost value does not change and has a predictable value. Most of the cost...
Analyse your money earning opportunities
Essential and optional costs
Essential cost Essential cost is the cost that is mandatory to conduct business. For example, if you...
Analyse your money earning opportunities
Direct and indirect costs
Direct cost Direct costs are expenses that a company can easily associate to a specific item such...
Analyse your money earning opportunities
One-time and periodic costs
One-time cost This cost is the cost you pay only once. Rent advance, paying your CEO a...
Analyse your money earning opportunities
Market research your idea
Before you invest time and energy into selling something you need to check to see if there...
