Quick Ways to Know If Your Internet Marketing Idea is Feasible for Your Business

Quick Ways to Know If Your Internet Marketing Idea is Feasible for Your Business  , Internet Marketing Ideas, http://goarticles.com/article/Quick-Ways-to-Know-If-Your-Internet-Marketing-Idea-is-Feasible-for-Your-Business/921249/,
Article by Nathalie Fiset
Some people' brains can churn out a dozen of Internet marketing ideas a minute, but could all of them be feasible? In the world of Internet marketing, future prospects can be so varied and dazzling that it's ridiculously easy to convince yourself of the success of the most foolhardy ideas. But of course, at the end of the day, your profit margins will let you know whether you were right or not.
To avoid getting overwhelmed by the sheer number of Internet marketing ideas you have, use the following tips to trim the number down until you're left with the best and most promising.
Know how much you have and how much you can borrow.
Not all Internet marketing ideas are free to initiate and develop. Many of them require capital investment, and that's why you need to know how much you can afford to invest and how much you can borrow in case of additional capital requirement.
Determine the percentage of your equity you can devote to Internet marketing. Secondly, determine possible sources of funding such as joint ventures, bank loans and other types of mortgages, angel investors, and venture capitalists. Try categorizing them according to the likelihood of obtaining the needed funds from these sources and the range of amount you can get from them.
Knowing the answers to these questions will help you determine whether an Internet marketing idea is feasible or not.
Know the timeframe required for the project.
All Internet marketing ideas come with the ideal start and end date. If you are able to launch and push through with the idea in the given timeframe, you'll be in the best position to derive maximum profit from it. Internet marketing ideas concerning flower deliveries, for instance, might do best during Valentine celebrations. It's important to remember that you don't need to push through with an Internet marketing idea the moment they occur to you. Sometimes, you'll benefit more if you shelve them for the time being and wait for the right moment to put them to use.
Know the type of skills and activities required for the project.
An Internet marketing idea is not something you can just start from Go. All of them will require certain skills and activities to accomplish. Knowing what these are and whether you have or you're in the position to obtain or complete them will help you determine the viability of an Internet marketing idea.
If, for instance, your Internet marketing idea has to do with providing greater capacity for information storage for your customers, it might require you to upload and manage an SQL database. But can you really do that? Do you have the skills for it? If not, can you afford to hire someone else to manage that particular task for you?
Is it a perfect match with your business?
Some Internet marketing ideas are just not for you for various reasons. The best Internet marketing ideas are those that make a perfect match with your business. To know whether an idea is a perfect match, you need to know your business very well first.
Who's your target market? An Internet marketing idea may have easy requirements for you to comply with and promising profit potential, but it still won't work if it doesn't jive with your target market's idea of a fun advertisement. An website ad, for instance, that contains long paragraphs will not do well at all if your target market is made up of kids and teenagers. At their age, they're more interested in seeing rather than reading things.
How do you classify your products: low-end, middle-end, or high end? There are Internet marketing ideas that correspond to each category. You can't launch a product promo designed for the low-end market if your products cost several thousand dollars.
How about your company image or brand? What values do you promote? What does your company stand for? An Internet marketing ad featuring nubile and barely dressed women won't go well with your company if you're known for promoting values like modesty and propriety.
Ask for a second opinion.
Last but not the least, do ask for a second opinion. Sometimes, all it takes to know whether an Internet marketing idea is feasible or not is to ask a second opinion. Of course, you'd have to make sure that the person you do ask can provide you with an objective answer and has at least a semblance of understanding of the topic at hand.
About the Author
For more information on internet marketing for beginners please visit:
http://thebiginternetmarketinggame.com/keepingyoursanity.html
http://www.thebiginternetmarketinggame.com
http://www.drnathaliefiset.com

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