Business Opportunities Weblog

November 22, 2004 by Dane Carlson | 0 Comments

Entrepreneur magazine is predicting these four strategies smart entrepreneurs will be using in 2005:

1. Tap the countertrend. For every trend, there’s a potentially lucrative countertrend waiting to be noticed.
2. Eat off the big guys’ plate. Trend agency Trendwatching.com coined the term “feeder business” for companies that feed off giants like Amazon or eBay.
3. Switch the niche. Take a tried-and-true product or service meant for one market, tailor it to a different market, and marvel at why you didn’t think of it before.
4. Borrow a business model. Charging members a set monthly fee to borrow an unlimited number of DVDs by mail worked for Netflix.

via Jeff Cornwall.

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