# @diamondokoh on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/CSLw66JDJ43
- **Gondola URL:** https://gondola.cc/posts/63491779-diamondokoh-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/701969c651.jpg
- **Posted:** 2021-08-05T07:17:48.000+00:00
- **Account Owner:** Diamond Okoh-Chukwuma (@diamondokoh) — https://gondola.cc/diamondokoh

## Caption

▪️DURABLE
.

this means that your idea is not based on trends. for e.g, when COVID hit, a lot of people launched sanitizer and mask brands 
.

Once it’s over , there won’t be as much demand for those, unless you are targeting health care centers, it isn’t a durable idea 
.

▪️HEALTHY MARGINS:
.

if you have to sell the item at $5 when you bought it for $3 leaving you a profit of $2 , that is not a good sign 
.

Good business ideas leave room for healthy profit margins so, sell at $10 when it cost $3, that is over $100 profit margin 
.

▪️SCALABLE MARKET
.

if the only people that need what you want to sell are in your neighborhood or a small group in your state 
.

This isn’t a good sign. For this to make money, the price point needs to be high and the product have an air of exclusivity 
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▪️CLEAR BUSINESS MODELS 
.

If you cannot clear map put how the idea will make money, it is not a good sign
.

▪️LIFE VISION MATCH 
.

You do not want to create a business you hate. If you want to travel the world, ensure your idea matches that lifestyle and doesn’t need you to be confined to a location 
.

Follow for more tips on starting a profitable online business 
.

#aspiringentrepreneur #aspiringentrepreneurs 
#startabusiness #womenwithvision #startupbusinesses #startupbusinessideas #startupbusiness #nigerianwomen #nigerianwomendiary #naijawomen #diaryofanaijagirl #everythingnaart #startbusinessonline #startuptips #startstrong #startupquotes #startupideas #girlboss #starttoday 
#startupnews #startupgrind #startyourbusiness #nigerianmen #naijamen #nigerianyouth #naijayouth #nigerianwomenindiaspora

## Stats

- **Views:** 1,576
- **Likes:** 70
- **Shares:** 0
- **Comments:** 1

## Tags

startupideas, startuptips, startabusiness, startbusinessonline, aspiringentrepreneur, startstrong, startupquotes, nigerianwomendiary, nigerianwomen, startupbusinessideas, startupgrind, naijayouth, startupnews, everythingnaart, nigerianyouth, diaryofanaijagirl, nigerianwomenindiaspora, womenwithvision, startupbusiness, nigerianmen, starttoday, naijawomen, girlboss, startupbusinesses, aspiringentrepreneurs, startyourbusiness, naijamen

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