Hello fellow hustlers!
At the moment, I live in a small country, which naturally limits market sizes in most niches.
I have a few business ideas and I'm in the process of choosing which one to execute.
My options:
1. 1st idea: Build a small online business in my small country, where I know the market, but its size is limited - which would prevent scaling.
2. 2nd idea: Build a global online business which would require more investment upfront (due to the project's size) - where I know less about the market, as I mostly test it from the outside.
Any insights into the matter from more experienced entrepreneurs?
Has anyone executed in a small space? Has anyone built something without knowing the market firsthand, just by studying it (and connecting with potential customers) via the internet?
Thanks!
At the moment, I live in a small country, which naturally limits market sizes in most niches.
I have a few business ideas and I'm in the process of choosing which one to execute.
My options:
1. 1st idea: Build a small online business in my small country, where I know the market, but its size is limited - which would prevent scaling.
2. 2nd idea: Build a global online business which would require more investment upfront (due to the project's size) - where I know less about the market, as I mostly test it from the outside.
Any insights into the matter from more experienced entrepreneurs?
Has anyone executed in a small space? Has anyone built something without knowing the market firsthand, just by studying it (and connecting with potential customers) via the internet?
Thanks!
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