How a marketing mix applies x-factor towards making money is a question that has baffled marketers for ages?
In general terms, an X-Factor is an unknown quantity that can only become known after following a prescribed process or formula. Now, applying X-Factor to determine the amount of money that can be made online is an interesting proposition.
At least, how it can be factored-in the world of niche marketing.
Well, since the term is used to stand for a certain undefinable quality, it becomes increasingly important to bring in consideration all the needed variables or parameters in defining a business strategy.
For example, while carving a niche, a number of different variables are taken in consideration.
…this includes size, type, location, language, culture, custom, psychographics, demographics, supply, demand, and other preferences of the target market.
…By factoring all these variables, we get to know what is it that a market really needs.
In other words, the X-Factor becomes known.
Expanding on this idea, we can easily target our area of concern and build a business around it, and keeping in view the marketing mix applies X-Factor towards making money we can deduce numbers that can be very realistic based on these projections.
Now there’s plethora of business ideas and opportunities waiting to be tapped. All we have to do is.. open our eyes and see.
Once everything is factored in… all we have to do is practice the rinse and repeat formula and make things happen at a large scale… though the process will be the same.
Businesses can be done using the scientific principles if we take the time to furnish needed information based on fact, figures and estimation.
I encourage you to come forward and take the plunge from the me-too syndrome to a refreshing business model built around passion, love and care.
Money is only a by-product of passion.
It has to come. It will come, for sure.
Been there, DONE that.
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