If you’ve ever seen another business owner in your niche who seems to be doing super well, and you’ve thought to yourself, “They’ve got this market cornered. Maybe I shouldn’t even bother. Maybe I’m too late…” then this blog is for you!
Our brains are wired to notice negatives.
It’s an ancient trait that kept our ancestors alive in a dangerous environment that was crawling with threats.
It’s this primal impulse in action when we see people working in the niche we’re in (or want to be in) and we assume that they’ve beaten us to the punch & have already locked up our target market.
What if I’m Late to the Game?
I can’t tell you how many times people have lamented to me that they fear it’s too late for them to dive in and start their business.
Someone else is already doing it!
But here’s what I like to tell them & here’s what I want you to know: there are going to be 3 billion (that’s with a “b”) new people coming online over the next few years. And that’s in addition to the billions who are already online.
Even if you attracted a teeny tiny fraction of a percentage of those people… you’ll have built an extremely successful business.
So, yes, there’s competition… but there’s also an abundance of opportunity. You’ve just got to train your mind to notice what’s possible instead of what isn’t.
How to Start a Business in a Crowded Market
So, how do you start a business in such a seemingly saturated market?
Here’s what you need to know:
- Find Your Niche: The internet is a vast place with an infinite number of niches. No matter what your passion or expertise, there’s a community out there waiting for you.
- Be Authentic: People connect with authenticity. You don’t need to be perfect. You just need to be you. Share your knowledge, your wisdom, and your unique perspective.
- Tech to Your Advantage: Unlike the '90s, we now have video, social media, and countless platforms to share our message. Use these tools to reach your audience in ways that weren’t possible before.
The Power of Personal Connection
The world once belonged to those who could write really well. Now, it belongs to those who can turn on a camera and start to speak, but writing still holds immense power.
In fact, to be successful in business, you need to become good at writing copy.
You don’t need to have a face for television or an incredible voice. You just need a bit of practice & a willingness to share your authentic self.
Here’s why this works:
- People crave connection: In a digital world, genuine human connection stands out. When you share your story, struggles, and successes, people relate to you on a personal level.
- Your unique voice matters: Even if you’re sharing similar content to others in your market, your unique perspective and delivery will differentiate you.
Opening a Business
There are so many new communities and tribes forming online every day. The idea of the long tail suggests that there’s an infinitely huge number of niches that keep on dividing and subdividing.
This means there’s always room for you to carve out your space. You just need to focus on these aspects:
- Be specific: Target a specific group of people who resonate with your message. The more specific you are, the more you’ll stand out.
- Add value: Provide genuine value through your content. Teach, inspire, and engage with your audience consistently.
- Build relationships: Engage with your audience. Respond to comments, ask questions, & create a community around your business.
How Do You Start a Business? It’s Simpler Than You Think
Starting a business today is simpler and more accessible than ever. Here’s a quick guide to get you started:
- Identify Your Passion and Expertise: What are you passionate about? What expertise do you have that can help others?
- Research Your Target Audience: Look at what others are doing in your niche. Identify gaps and opportunities.
- Create Valuable Content: Start sharing your knowledge through blog posts, videos, social media, or any other platform that suits you.
- Engage with Your Audience: Build a community around your content. Respond to comments, ask for feedback, and create a dialogue with your audience.
- Monetize Your Expertise: Once you’ve built a following, look for ways to monetize your expertise. This could be through online courses, coaching, products, or services.
Your Unique Opportunity Awaits
Remember, there are billions of people online, and a tiny fraction of them are waiting to hear from you. They’re waiting for your wisdom, your insights, and your unique perspective.
The time has never been better for starting a business. Grab the opportunity, share your authentic self, and connect with your audience in a way that only you can.
Don’t let fear hold you back. Take the first step today, and watch as your unique voice and perspective make a difference in the world.
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