Evaluate Passive Income Idea Feasibility
Category: Business Strategy & Planning
Act as a business consultant and provide a preliminary feasibility analysis for the following passive income idea: [Clearly describe the idea, e.g., 'Creating and selling niche spreadsheet templates for Etsy shop owners', 'Building an affiliate website about sustainable travel gear', 'Renting out my RV on Outdoorsy']. Analyze its:
- Potential market demand / Target audience
- Likely startup costs and required resources (time, skills)
- Potential competition
- Key challenges or risks
- Potential monetization strategies
- Overall initial assessment of viability (High/Medium/Low potential)
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