Choosing the Right Merchant Cash Advance Product
When you first start your online merchant cash advance business, the first and most obvious question you will ask yourself is…what am I going to sell? ----> Return to the Merchant Cash Advance Industry Main Page.Points to consider when deciding the answer to that question are:
· Is it light and easy to ship? · Is it a digital good that is downloaded (merchant cash advance e-book or software)? · Is it perishable or fragile? · Does it have to be seen and held (designer fabrics, perhaps) · Is there enough demand to make your venture profitable? · Does it have little competition from large online merchant cash advance companies (niche products)?
The last two characteristics are the ones that can be hard to pin down. Here is a generally accepted method of arriving at an idea of how heavy the demand and competition is for a merchant cash advance product.
If you have a special interest in some products that meet the above criteria, great, but don't limit your investigation just to items you like. ----> Return to the Merchant Cash Advance Main Page. You are looking for a niche product with relatively good demand (enough to make it profitable), but without heavy merchant cash advance competition.
One way to see what the demand is for merchant cash advance products you are interested in is to look at search engines to see how frequently people search for the product you are considering.
The result of all this research should be that one or more products will fit into a niche market - products with some demand, and relatively little supply. For the best results, focus on one niche product category, and offer a wide selection. That way, you can become the best online source for that particular category. For example, instead of offering general craft supplies, offer the widest possible selection of needlepoint kits. This strategy will also allow you to rank higher in search engines because you can optimize your merchant cash advance pages for fewer, more specific, keywords.
Posted on: August 30, 2011 07:06 PM