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What's The Best Internet Business To Start?

Guest post by: Michael Hume

Article Overview: Of course, you have to make a TEAM of investments (Time, Energy, Attention, and Money) to get into any business, and that never changes. These days, though, you can get into business in cyberspace for a fraction of the TEAM investment previous generations needed to open retail stores, car washes, or law offices. And there are plenty of online business opportunities out there. But which one's best....

What's The Best Internet Business To Start?

Make Sure You're Not Selling Yourself Short Times are tough, and experts say the global economy is likely to get a whole lot worse before it gets better. Those who survive (and thrive) during the coming Greatest Depression will be the informed entrepreneurs who've taken personal responsibility - beyond holding down a job - to create jobs by founding a business.

Of course, you have to make a TEAM of investments (Time, Energy, Attention, and Money) to get into any business, and that never changes. These days, though, you can get into business in cyberspace for a fraction of the TEAM investment previous generations needed to open retail stores, car washes, or law offices. And there are plenty of online business opportunities out there. But which one's best?

First, think about whether you have a Big Idea that no one's thought of before. You can join someone else's ready-made opportunity, but you might be better served by creating your own. I have a friend who dreamed up an online motivation business, hired a team of technology experts to help him create the web sites, and built an online business from scratch. That took a major investment, but he is in a position to reap the major rewards.

Assuming you're more likely to join an existing platform, find a reputable business. There are lots of fly-by-night "opportunities" advertised online, so you have to do the research to make sure the business you're getting into is legitimate. Do they have a track record? Are others making money with that opportunity? Do they provide excellent training and coaching for newbies? Great platforms are out there, but before you invest, check the business thoroughly.

Do business with a product or service that's in great demand. For instance, the hot topics for online businesses today are in the areas of health and wealth. Find a reputable business in one of those areas to maximize your chances for success.

And do you stand to make a good amount of money for each sale? Let's get real: you can't do business without selling. You might be able to attract a fair number of customers through web sites and emails, but at the end of the day, you have to close the sales. If you have a passion for selling pills and potions, how many do you have to sell to make a living? You have to make a LOT of fifty dollar commissions to equal what some online entrepreneurs make in a single big-ticket sale, which can run into five figures of commission income.

Finally, don't just sign up and expect riches to rain down on you from Heaven. Make sure you have a solid marketing plan, and that your business is sufficiently capitalized to permit you to properly equip it (outsource your prospecting, buy leads, etc.). Don't just buy a handful of magic beans and expect a giant beanstalk to sprout in your backyard overnight.

You can realize the benefits of a successful internet business - freedom, flexibility, financial security, and fun - but you have to make the right choices as you set your business up. Be savvy, but be bold. Those who have the guts and make the investments in their own businesses will lead the true recovery in the global economy over the coming months and years.

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Article Tags: entrepreneurship, inspirational leadership, personal responsibility, wealth building



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Re: Hello from a San Diego-based marketer - Welcome Aaron! Whats the next stage for your business? Ben
Re: New, young entrepreneur - Congrats H20ismyLife! Do you have a website so we can see any of your work? Whats the next step for you?
Re: How can I promote my site? - To promote website online you need to hire professional SEO expert because you have to perform the below activities for your website promotion:- Start On page optimization which includes the following task:- 1. Meta tag optimization 2. Header Tag Optimization 3. Alt tag Optimization 4. Content Optimization 5. Anchor Text Optimization 6. URL Optimization 7. Navigation Optimization After On page optimization, Start off Page Optimization which includes the following task:- 1. Link building 2. Directory submission 3. Classified Ads submission 4. Article submission 5. Press Release submission 6. Social Bookmarking 7. Business Listing 8. Local Listing 9. Blog Optimization 10. PPT Creation & Optimization
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.
Re: Who inspired you to start? - Hi Evan, I was inspired by Mr. Bill Gates ever since I was a student learning Computers. But I was motivated for Internet as my Business, when I read his book "The Road Ahead" in 1995. It was in this book that Gates laid out his vision of an interconnected world built around the Internet. Based on the premise that life will be transformed by the convergence of inexpensive computing and inexpensive communications, Gates drew from his experience at the center of the personal computer revolution to give insights on the growth, evolution and impact of technology. I had always looked up to Bill Gates as my idol. When I read this book, it made me more focussed on Microsoft and Internet, The Internet was one of the upcoming things in this time. So I took over to the Internet as my primary business. Regards,


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