Tip 1 : Choose the hottest industry and market

While everyone wants to believe that innovating a new industry and market is the best method to become successful and rich, we need to ask ourselves how many of us can be Bill Gates and Steve Jobs? There is plenty of success that can be achieved by just following and riding on trends and even fads depending on how we tap on these waves.

When choosing a market and business to be in, always choose:

The HOTTEST industry and talk of town "TO BE" - you will need to spot the "TO BE", what the market will be talking about 'COMING SOON' or what will be the HOTTEST topic in the coming next 6 to 12 months or if possible be atleast 12 to 18 months ahead of time.

Example : You will need to notice SNS as a potential business in China when Facebook was still in its stage of recruiting Universities members. XiaoNei.com noticed this in China and mimic exactly but sold it a little too early at too low a price tag to MOP.com whom spin it into hundred of millions of USD when Facebook opens up.

When I started iLEMON.com with my partner, Habbo was growing like crazy and expanding rapidly. We push forward as fast as possible as we knew in 6 to 10 months "Virtual Worlds" will be even a hotter topic on the internet space. And we were right it did became hot when Disney acquired Club Penguin for 700 millions. Disney, Nickelodeon and cartoon Networks all pledge 100 million investments into virtual worlds. We were part of the hottest business talk of town back in 2009.