First, a good business name should give your customers at least a vague impression of what you sell or the market you operate in. Let’s leave totally abstract names like Google to the giants. Us small business people should pick names that are routed in the real world more.
But first, let’s try to know more about the founders of Groove Digital Inc, the makers of GrooveFunnels, GrooveSell and GroovePages…
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(For instance, if you sell nail polish or alcohol, you might want to look outside of USPS, because they have restrictions on the shipping of those products). If you're wondering how much you should charge for shipping based on what you have to pay for shipping, check back to this pricing strategy guide to make sure you and your customers are getting the best deals.
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Niche websites offer great passive income potential but in order to tap into it, you need to invest a lot of hard work and effort to maintain the revenue stream.
Rather than spending your time wondering, it’s better to get your hands dirty and start testing your ideas.
Case Study: Spotahome is an online booking platform that helps people find homes for stay. Sara, the Customer Knowledge Manager at Spotahome, hosts Hotjar parties (meetings) where around twenty staff members watch session recordings to learn more about their visitors.
It can take some time until you build your online audience and start selling.You need to maintain your website and update it regularly with fresh content.Depending on your niche, there might not be that many products that you can successfully sell.
ChartMogul is another fantastic business intelligence tool. The platform integrates with many other tools you’re probably using (Zapier, Zendesk, Slack, etc) so you can calculate your key metrics in real time. Say goodbye to Excel spreadsheets!
You can hear from these two guys that brought this marketing platform to fruition and to further your insight into the tools by viewing the video below:
Offer multiple payment methods to your customer, including GroovePay, Credit Card, and PayPal. If they choose how to pay, they're more likely to complete their purchase.
You can even grant access to any clients that you’re working with who wish to oversee your progress and team communication. This can enable peace-of-mind and transparency between your organization and the customer.
oDeskWork has experts and freelancers in all different kinds of niches including digital marketing, virtual assisting, transcribing, proofreading, writing, editing, SEO, WordPress, and more.
Regardless of your business type, you need a website. In today’s technology-based world, the lack of a website brands you as unprofessional and out-of-touch. Thankfully, even the most technologically impaired business owner can create a website for their business using Google’s Blogger. This easy-to-use interface has customized templates where you can add specific pages or blog posts. Blogger also has a series of videos that will walk you through the entire process. Blogger is the perfect solution for the DIY entrepreneur or small business owner who wants an engaging website they can create and control.
Airbnb created a viral loop where they incentivized customers to refer as many people as possible.By offering a reward for each and every new customer that signs up (via referral).This strategy supercharged their growth.
Once you have a detailed review of your niche, learn about its profitability, and if it has the potential to generate the income that you require. Browse through the price points of your competitor’s products to get better insights.
"How do you know when you have the 'right' business idea? What does that look like?"