Internet Users Hbk - Chapter 9a. Follow Your Passion – Types of Online Businesses
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I Read Your Ebook, and it Gave Me A Headache! - By Dr Don Yates Sr PhD
We have introduced you to Our Internet Scams Anonymous Groups and how our members can supplement this Handbook to help you do business online while recognizing and avoiding the scams
We have warned you and given examples of the various Scams that you are likely to encounter online, Spam and how to deal with it as well as Managing your Email
In this section, we start looking at various types of online business. It is widely accepted that the more successful online marketers follow an interest or passion start their own business and have their own web site.
Unfortunately, most new users are already looking for money by the time they turn to the internet. Often is desperation they respond to the first email or site that triggers their need to make money. Admit it or not, they often are taken by the scammers who are Masters in taking your money in return for false promises.
They just join this and that program as an affiliate, and never realize the real potential that the Internet has to fulfill their passion.
It is not a simple, single step, sign up. We do all the work for you and sit back and collect your money process
What do you already know about business and it its various functions, products and pricing, sales and marketing, distribution, after sales support, etc.
You need a plan(s); plan for your business, plan for your marketing, a financial plan and a personal action plan. What do you and your business need and where are you going to get it.
Most offline business starts from an interest, a hobby or a passion. (Sure you get buy a franchise and they train you, but this is going to be your business)
Online should not be much different: What is your passion? Then Google find product or services that help fulfill your passion. Pick perhaps 3 or 4 and do your own due diligence, Join 1 or 2 and take responsible for your decision
These off liners may take their business to the internet for purposes of widening their marketing efforts. This is simple for various professional services, including specialized Doctors and Lawyers.
This in itself creates a full range of online service providers; designers, programmers, graphic designers, website developers, online marketing specialists, payment gateways, hosting and copy writers. eCommerce provides a fairly cheap way of gaining exposure for your product.
Even songwriters introduce themselves and their music online. Many of these free writers, bloggers, etc. are all trying to steer you to a favorite of theirs, so free is free, but do your homework
Therefore, there are many different types of successful online businesses. For almost any product, or service that is offered, there are types of online businesses. Many of these types of online business are very successful. To succeed in any business, you must have a good business plan, be hard working, offer a good product at a fair price, and offer great customer service. WSI Corporate
Every web business that I have ever started has been based on something I have a passion for and enjoy thoroughly. I cannot tell you how important this is. Because making money online is great, but making money online doing something you, love is even better.
I have a passion for eBusiness (hence this site). The reason I wanted to start this guide was to (yes, hopefully make a little extra money) but also to help other people start web businesses of their own.
Not necessarily to become millionaires or retire at the age of 30 or any of that, but to maybe help make ends meet, or maybe provide a little extra cash so they can save for their daughter's education, or provide a little bit of passive income so they can retire a few years early.
Not everybody who starts an Internet business is going to be able to give up their day job and to do it full time like I do. However, I am certain most of you can; at the very least, create some incremental revenue for yourselves.
When I meet people and tell them what I do, they say, almost without exception, something like "That sounds great, I wish I could do something like that." I tell them that they can, anybody can, and you just have to be willing to try it. When I mention this people; generally they say something like, "But I wouldn't even know where to start." Therefore, I put this guide together so that when people say that, I can just hand them a business card with this web address on it and say, "Now you do" ThreeBusGuide
Sure you may have an interest or an idea, but you don’t have the resources to develop them online. You can always try the same avenues of getting money as the off liners; friend, family, relative, partners, banker, etc.
But online, most just turn to the net to supplement their income or to make a quick buck as promised by the scammers. Unfortunately, they lose to the first scam the sounds like it solves their problem
It has little to do with your real interest; you online interest is making money to pay your bills, send the children to college, and improve your lifestyle and retirement.
These days we can all use a bigger income, but it is definitely easier said than done. But the internet has given us all opportunities that were never possible before to create our own success.
There are many people who make a good living online and many who claim to have gotten rich, but there are also many people who are trying and trying but nothing is happening. I tried for several years before I started making a good living online so I would like to share some of the things that helped me increase my income. Although I have not tried every method listed below, I have tried several of them and they have worked for me.
1. Sell Resell eBooks and Software
You can easily add a digital product store script to your existing blog and sell eBooks and software with resell rights. EBooks are very popular and the demand for them is increasing. You can also sell videos, music and other downloadable files from your digital store.
2. Write and Sell Your Own eBook
Write an eBook about your area of expertise and put it for sale on your site. You can sell it outright, offer resell rights or recruit affiliates to sell it for you as well. I did this with my first eBook and it worked out very well.
3. Affiliate Products
Find quality products and services that offer a commission and sell them on your site. Be sure they are relative to your site and if possible try the product out first so you can give a personal recommendation. Personal recommendations can help increase your sales. You can find affiliate products at AffiliateSeek, Clickbank, and AffiliateTips.
4. Sell Advertising
Offer advertising space on your blog. You can offer text ads, banner ads and even video and audio ads. You can charge monthly and annual fees to give your customers a better value.
5. Dropship Sales
Dropship means you can sell products without having to ship them or stock them. You find a company that offers dropshipping, sign up with them and start selling their products on your blog. Anytime you get an order, you send it to the main company and they ship the product out to your customer. The customer will think the product came from your store and you get a portion of the profits. You make money simply by taking orders and the dropship company does the rest. Dropship companies will usually require a membership fee, either monthly or annually.
6. Google Adsense
This is not my favorite but it does work well for some people. What this entails is placing numerous ads on your site, chosen by Google. Anytime these ads are clicked on, you will get paid a portion of what the advertiser has paid Google. Google will choose ads that are relevant to your site's contents. So, what this means is that if you sell jewelry Google will place ads on your site to other people who sell jewelry and related products. So, in essence you are sending people to your competitor's sites. Although I do not agree with this, many people claim to make a good chunk of change each month using Google AdSense!
7. Donation Button
You see this more and more often these days. People offer a lot of free resources and content on their sire and ask for donations from the people who utilize this information. You can get the buttons directly from PayPal and place them on your site. To do this, you must provide quality content and value to your visitors so they feel a donation would be appropriate.
8. Classes and Workshops
Organize some informative classes and workshops to teach your visitors how to 'whatever'. Sell space to attend these events. Offer a variety of classes such as a week-long class, month long, etc. You could also produce some effective webinars. You can also recruit affiliates for these services as well.
9. Exclusive Access
Offer private content, forums, classes, etc. to members only. Charge a monthly or annual fee for this membership. People will pay for valuable information they can't seem to find anywhere else.
10. Sponsored Reviews
Companies like Blogvertiser will connect you with advertisers who will pay you to write reviews about their products and services and place them on your site. You will have the option of accepting or declining any deals the advertisers offer. Other sites that offer this service are PayPerPost, SponsoredReviews and ReviewMe.
The methods above might not make you rich, but they can earn you a good income or add to your existing income. Some of these methods might not be for you but it could be worth your while to check them out. David
Do not try to compete with the large brands like Dell computers or Viking Direct as they have perfected the art of delivering products like computers and stationary direct to the end user. Their buying power is massive and they already have the infrastructure to keep most newcomers from succeeding in the market place.
So what kinds of internet businesses are more likely to succeed? The best internet business ideas are the one that allow you to generate repeat orders from hard won customers. The products supplied will be either expensive or very light or both with decent profit margins built in. The products should also not be readily available in the supermarkets or high street stores.
In the best cases you will not be delivering any physical product but instead providing a service on the web whether it is subscription based or an application like software that can be downloaded instantly and sold repeatedly.
Be wary of the advice that is offered by so-called experts on the internet. Most of them have never run an internet venture before, and make their money solely by giving misleading or incorrect advice for a small payment. I call them "the hopeless internet gurus."
If you have already run a business successfully then you are much more likely to succeed in an internet business, as the same business skills are required in both. In fact I would go even further and say that even more skills are required to succeed online as you also have to learn specialist skills like search engine optimization and creating great landing pages.
A final word of warning; do not give up your day job unless you have ample capital to launch your new business and survive the first year. Chances are that you will struggle to make a profit in year one. It's not all doom, gloom though… for those of you who do have the right idea the world is your market place, and growth can be dramatic once you move into profits. InternetBusFranchise
I want something that has potential to grow. I would greatly appreciate your responses. Thank U
Didn't I read this elsewhere? You should read 'Rich Dad Poor Dad'. You can start any business and be a success
or failure but it all has to do with mindset. Work on that first
BE --- DO --- HAVE Luc Arnold
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I Read Your Ebook, and it Gave Me A Headache! - By Dr Don Yates Sr PhD
About the Author: Dr Don Yates Sr PhD
RSS for Dr Don's articles - Visit Dr Don's website
Author Internet Users Handbook, 2012, 2nd Edition (Full Version) - A Comprehensive Guide to Avoiding Scams Online While Doing Business.
The handbook is also available Internet Users Handbook, 2012, 2nd (Free Articles and Downloads)
Founder: The Internet Scams Anonymous (ISA) Groups
Forex, Investment Adviser, Business Entrepreneur, Mentor, Coach, Adviser
MBA, PhD Organizational Development and Human Behavior, Dissertation"Top Performers"
Former US Navy (enlisted and officer) 17 years, 2 sons in Desert Storm
Founding President/CEO/Broker La Jolla Newport Financial, Procomp Computer Services, Inc and Investment Quality Real Estate ((IQ), La Jolla California and Incline Village (Lake Tahoe), Nevada 1/1/1981. Bootstrapped $137 into $15 million plus. International Financial Adviser/Consultant for business, commercial and real estate development
Top Civilian for Aircraft Maintenance on the Staff of Commander US Pacific Fleet. Business Entrepreneur, Founder, Chairman, Director, CEO, President of a dozen successful ventures since age 8
Business Adviser, Mentor and Coach for start-up and existing growth companies.
Click here to visit Dr Don's website.
More from Dr Don Yates Sr PhD
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