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What is this platform about? I wish to start some online business...need ideas for it

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All business core purpose is to solve a consumer problem. Car dealers sell cars to solve transportation problems. Mechanics sell repair services because it's cheaper than buying a car. Hair stylists sell styling and cutting services to solve a consumers need to look professional or attractive.

To start your online business, you must first identify the problem you want to solve. Then determine if it really is a problem at all by asking your target market what they think about it and the potential solution you have for it. You must ALWAYS ask for honest feedback and talk to people you do not know.

Once you have identified a problem to solve and potential solution, now you have to determine if the solution will be profitable.

So...What problem would you like so solve?

Report Brad's answer

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Dear Bhumi,

While it would be easy for others to give you ideas while you may have considered few products or services which you can offer online when the idea of starting the online business struck you. If you have not my suggestion would be the following: 1. list down the product or services which you can offer. e.g. food, clothes, pet products, footwear, plants etc. 2. Do a research to find out what products or services is currently available and what is their sales volume or subscriber volume. 3. Check out if there are any services which are needed but are not available online or is available but do not service all locations. 4. Once you identify the product or service check their availability, this will ensure you are able to provide a timely solution to your customer. 5. Tie up with logistic partners if you are providing products. 6. Get a good website with all required tools and payment gateways.

Please remember the most important thing is to be committed, have patience and keep persevering. You will need to keep improvising on your products and services based on feedback from your customers.

You can reach out to me on muttathilshubha@outlook.com 1.

Report Shubha's answer

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Hi Bhumi,

Do you have a product in mind or are deciding on that ? what is the reason you have chosen to start an online business ? do you have a business that currently sells this product/s? Have you come across a problem in your experience that you would like to solve ? Is there a commodity in demand that you are looking to leverage by selling online ?

Having clarity on your why and what would be the first step. Then the next steps on how can be discussed - since that really can vary based on your why and what.

Report Kalpana's answer

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