Since this site is all about finding a niche for your online business, part of the research that needs to be done is figuring out whether you can get traffic to your site and whether your visitors will buy something.

That means testing the research. In this phase you need to be watching the numbers carefully to see if you’re on track. Lots of clues are available long before you make your first sale or get your first subscriber so you really need to be on top of this during the early development of your site.

Later these numbers will keep you focused on exactly what you need to be doing to grow your business. Which stats you track will depend on where you are in your business development…trying to generate traffic, building a list or making sales etc.

Yesterday’s question was which do you do first…email, Twitter, Facebook, stats or create content?

#1 best answer…Check Your Stats

Now maybe I’m getting ahead of you on this. Maybe you’re not even sure what stats are (stay with me and I’ll explain), but if you’re going to start an online business, I want to see you develop good habits from the very beginning.

I’m also introducing this idea now because it is of huge importance when you’re testing a new niche market. In order to test effectively you need to know what you want to happen and then set markers for evaluating your results…ie watch your stats.