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Make Money Business Opportunity – Traditional Business vs. Online Business
| Guest post by: Midge Hand |
Article Overview: Looking for a make money business opportunity? What are the advantages of starting a home based business online compared to buying an already established traditional brick and mortar business? Having owned and operated a traditional business for several years and now earn my living as a successful internet marketer here are my reasons why the latter far outweighs the former.
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Free Download - Internet Based Home Business – Is this a good time to start? By Midge Hand |
Make Money Business Opportunity – Traditional Business vs. Online Business
There
are many challenges to owning a business whether that be a
traditional brick and mortar business or an online business. Both
have their place and some people are more suited to the traditional
style of business while others with a more entrepreneurial streak
find their niche online. In this article I demonstrate the
advantages I have found with a make money business opportunity online
for all those who are looking at an alternative way of life that
offers many opportunities and benefits.
The
greatest challenges that every internet marketer faces is often the
start up phase and every budding entrepreneur needs assistance with
the following when considering a home based online business.
Setting
up the business
Your
sponsor (the person who introduced you to the business) has the
responsibility to guide you in the first few months of your new
business. He/she is not there to hold your hand but to offer support
and point you in the right direction to have your problems solved.
Finding
customers
As
an internet marketer your business needs customers (just like a
traditional business). But, unlike a traditional business you don't
have a physical outlet to showcase your products and services – you
have a website. You customers will come from leads that you generate
to your website and convert into sales. Your business opportunity
should provide you with a marketing system that teaches you how to
generate leads with a mixed marketing strategy that includes organic
(free) advertising, paid advertising campaigns to bring traffic to
your website.
Building
a reputation
A
traditional business does this by providing excellent service to
their customers and in due course building a reputation for repeat
business. An internet marketer does the same thing, builds a
respectable business online through trust and attraction marketing.
This is harder than a traditional business owner as you don't have
the facility to meet with your customer face to face, as your
business is global and online. Trust, friendship and respect
therefore become the main qualities when building a business online.
Providing
a need for the product or service you are offering
There
are many business opportunities online that offer nothing in return
for your money. Be sure there is a stand alone product and the
product is not reliant on purchasing the business opportunity for its
success – a legitimate company will always have a stand alone
marketable product within a niche industry.
Financial
records and business information
A
traditional business will have cash books, profit and loss accounts,
assets, capital investment, wages, etc. With an online business you
are buying an opportunity to follow a duplicatable system with a
proven business model to earn your income. Make sure your online
business has a comprehensive training system that allows you access
24/7 and a contact email and legitimate address. This can make the
real difference between your success and your failure.
Compensation
plan
A
traditional business will pay you when a customer makes a purchase –
an online business is exactly the same. So when you are looking to
make money from online business, it is imperative to understand how
the compensation plan works.
These
were some of the requirements I needed when I researched the company
I chose to partner with. All of the boxes were ticked and there was
a bonus - an incredible community of very influential leaders in the
industry who I had access to at any time. As a successful
entrepreneur there are skills you need to learn to achieve your
goals, a good mindset and personal development being the most
important. Ensure the business opportunity you pursue has both of
these in depth with on-going training to ensure your success.
The
internet marketing industry is an exciting, fascinating, lucrative
way to make money from online business and if you choose a proven
business opportunity you can expect to achieve a life far from
ordinary. You will have to work hard to establish yourself (just
like a traditional business) but you can expect to be be in a
financial position in 1-2 years that would take you 10 – 30 years
to achieve in a traditional business, without all the complexities of
overheads, staff, politics, the daily grind of being on the spot,
landlords, etc.
I
have been an award winning internet marketer for just under a year
now and could never have imagined a world full of numerous
opportunities and benefits that have been made available for me.
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Referred by: http://www.mikemorganblog.com
About the Author: Midge Hand
RSS for Midge's articles - Visit Midge's website
Internet based home business is now recognised as the international growth area in wealth creation.
Midge Hand and husband Mike Morgan are entrepreneurs, mentors, coaches and marketing strategists specializing in teaching 100% free internet marketing techniques to their international team.
They use a cutting edge business model and marketing system which is generating incredible success for thousands of people around the world.
To find out about the business model and marketing system they use visit http://www.mikeandmidge.com
For more information about Midge visit http://www.meetmidgehand.com
Click here to visit Midge's website
More from Midge Hand
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My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto.
3. PADI: The Business of Diving Book
Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Top 19 Copywriting books
- 1. Ogilvy on Advertising. David Ogilvy. Wiley.
2. Positioning: The Battle for your Mind. Al Ries and Jack Trout. Warner.
3. The New Positioning. Jack Trout. McGraw-Hill.
4. Tested Advertising Methods. John Caples. Prentice-Hall.
5. How to Make your Advertising Make Money. John Caples. Prentice-Hall.
6. Guerrilla Advertising. Jay Conrad Levinson. Houghton Mifflin.
7. Direct Mail Copy that Sells. Herschell Gordon Lewis. Prentice-Hall.
8. Sales Letters that Sizzle. Herschell Gordon Lewis. NTC Business Books.
9. Herschell Gordon Lewis on the Art of Writing Copy. Herschell Gordon Lewis. Prentice-Hall.
10. Romancing the Brand. David Martin. American Management Association.
11. The Art of Writing Advertising: Conversations with William Bernbach, Leo Burnett, George Gribbin, David Ogilvy, Rosser Reeves. NTC Business Books.
12. Confessions of an Advertising Man. David Ogilvy. NTC Business Books.
13. My Life in Advertising. Claude Hopkins. NTC Business Books.
14. Scientific Advertising. Claude Hopkins. NTC Business Books.
15. How to Become an Advertising Man. James Webb Young. NTC Business Books.
16. The Lasker Story as He Told It. NTC Business Books.
17. Advertising Concept and Copy. George Felton. Prentice Hall.
18. The Copy WorkShop Workbook. Bruce Bendinger. The Copy Workshop.
19. Hey, Whipple, Squeeze This: A Guide to Creating Great Ads. Luke Sullivan. Wiley.
This should keep you busy for at least a year.
Enjoy!
Re: HOw to market a B2B consulting company
- [quote="zohahunt77":428owzbi]Hi, I was wondering if anyone can tell me the difference between B2B and B2C. I don’t know about b2b marketing but I have done marketing so know things about it. I will suggest you to take online services which will spread your business all over web network. Online marketing is the best way to market any business.[/quote:428owzbi]
B2B = Business to Business - You are marketing to other businesses.
B2C = Business to Consumer - You are marketing to consumers.
Home Care Business Opportunity
- You should not buy a franchise until you review our Senior Care Business Opportunity...
Michael Gultz
Exclusive: Interview with Results
- Hi Forum Members,
I'm helping start up a Business Coaching and Consulting company here in Toronto, Ontario, Canada (a Subsidiary of RSC Business in Los Angeles).
As a Research and Development Intern I am required to practice my listening and interview skills by surveying Small and Medium Businesses on thier Business.
This Survey is designed by RSC Business to also assist the Business being interviewed more insight into their own business.
I am looking to interview about 30 businesses across North America over the span of 3 months.
At the end of these interviews I will be publishing a report of the results and they will be made available for free to the Interviewees. The Report data will include responses from a minimum of 100 interviews.
I would like to extend this opportunity to members of the Forum.
If you would like to have this short 20-30 minute interview conducted on your Business and you reside in North America please send me an email or PM.
Please contact me at andy[at]jvprosperity[dot]com to arrange our interview and to get free access to the results when they are published.
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva.
Over $50,000 raised and counting - Please keep sharing! Learn more.
Home Based Business Opportunity-Viable Alternative to Traditional Jobs in a Deep Recession
How Important Is Traditional PR In The Age Of Social Media?
Why Network Marketers Are Afraid Of Working Online.
6 Good Reasons To Start An Online Affiliate Marketing Business
The Multidimensional PR Approach
Referred by: http://www.mikemorganblog.com
|
About the Author: Midge Hand RSS for Midge's articles - Visit Midge's website Internet based home business is now recognised as the international growth area in wealth creation. Midge Hand and husband Mike Morgan are entrepreneurs, mentors, coaches and marketing strategists specializing in teaching 100% free internet marketing techniques to their international team. They use a cutting edge business model and marketing system which is generating incredible success for thousands of people around the world. To find out about the business model and marketing system they use visit http://www.mikeandmidge.com For more information about Midge visit http://www.meetmidgehand.com Click here to visit Midge's website Internet Based Home Business You have to read this if you want success Make Money From The Internet Using Organic SEO Make Money from Online Business through Social Media Make Money From Online Business Overcome adversity and reap the benefits What are most of the worlds population lying awake at night worry about Health and Finances |
Related Forum Posts
My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto.
3. PADI: The Business of Diving Book
Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Top 19 Copywriting books
- 1. Ogilvy on Advertising. David Ogilvy. Wiley.
2. Positioning: The Battle for your Mind. Al Ries and Jack Trout. Warner.
3. The New Positioning. Jack Trout. McGraw-Hill.
4. Tested Advertising Methods. John Caples. Prentice-Hall.
5. How to Make your Advertising Make Money. John Caples. Prentice-Hall.
6. Guerrilla Advertising. Jay Conrad Levinson. Houghton Mifflin.
7. Direct Mail Copy that Sells. Herschell Gordon Lewis. Prentice-Hall.
8. Sales Letters that Sizzle. Herschell Gordon Lewis. NTC Business Books.
9. Herschell Gordon Lewis on the Art of Writing Copy. Herschell Gordon Lewis. Prentice-Hall.
10. Romancing the Brand. David Martin. American Management Association.
11. The Art of Writing Advertising: Conversations with William Bernbach, Leo Burnett, George Gribbin, David Ogilvy, Rosser Reeves. NTC Business Books.
12. Confessions of an Advertising Man. David Ogilvy. NTC Business Books.
13. My Life in Advertising. Claude Hopkins. NTC Business Books.
14. Scientific Advertising. Claude Hopkins. NTC Business Books.
15. How to Become an Advertising Man. James Webb Young. NTC Business Books.
16. The Lasker Story as He Told It. NTC Business Books.
17. Advertising Concept and Copy. George Felton. Prentice Hall.
18. The Copy WorkShop Workbook. Bruce Bendinger. The Copy Workshop.
19. Hey, Whipple, Squeeze This: A Guide to Creating Great Ads. Luke Sullivan. Wiley.
This should keep you busy for at least a year.
Enjoy!
Re: HOw to market a B2B consulting company
- [quote="zohahunt77":428owzbi]Hi, I was wondering if anyone can tell me the difference between B2B and B2C. I don’t know about b2b marketing but I have done marketing so know things about it. I will suggest you to take online services which will spread your business all over web network. Online marketing is the best way to market any business.[/quote:428owzbi]
B2B = Business to Business - You are marketing to other businesses.
B2C = Business to Consumer - You are marketing to consumers.
Home Care Business Opportunity
- You should not buy a franchise until you review our Senior Care Business Opportunity...
Michael Gultz
Exclusive: Interview with Results
- Hi Forum Members,
I'm helping start up a Business Coaching and Consulting company here in Toronto, Ontario, Canada (a Subsidiary of RSC Business in Los Angeles).
As a Research and Development Intern I am required to practice my listening and interview skills by surveying Small and Medium Businesses on thier Business.
This Survey is designed by RSC Business to also assist the Business being interviewed more insight into their own business.
I am looking to interview about 30 businesses across North America over the span of 3 months.
At the end of these interviews I will be publishing a report of the results and they will be made available for free to the Interviewees. The Report data will include responses from a minimum of 100 interviews.
I would like to extend this opportunity to members of the Forum.
If you would like to have this short 20-30 minute interview conducted on your Business and you reside in North America please send me an email or PM.
Please contact me at andy[at]jvprosperity[dot]com to arrange our interview and to get free access to the results when they are published.
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
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