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Wednesday, July 25, 2007

The Simple And Easy Way To Start An Online internet Business




Setting your online business goals:

The process of setting goals and objectives and
then designing strategies for attaining them is
essential when starting an Internet Business. So,
you end up with what is called a business plan.
To set specific goals for your new business, first
ask yourself this question:

Why do I want to start an ?

We already covered this in the early post.Okay, next
question:
What product or service can I offer to the people
on the Internet?

OR

Do I have a product or service that people are
looking for on the Internet?

To save you some research work, I’ve included the
list of Top 17 Best-selling items / categories on
the Internet below
1. Clothing
2. Toys and Video Games
3. Electronics
4. Computer Hardware
5. VCDs / DVDs
6. Books
7. Greeting Cards
8. Home Furnishing
9. Jewelry
10. Health
11. Travel
12. Automobile
13. Real Estate
14. Online Trading
15. Music
16. Food
17. Sports

When identifying a need, doing market research ispart of your homework. One of your first stepsshould be to find out what it means to do  and to determine the best ways for you tofit into the exploding field of (electronic commerce). The more information youhave on the following aspects of the Internet, themore likely you are to succeed in doing business online:

Competition: Familiarize yourself with otherexisting Internet Businesses that are already doingwhat you want to do.
Customers: Research the various kinds of customers who shop online and who might visit your site.
Environment: Explore the special language and styleof online communication – in other words, know theculture of the Internet. If you are not yetfamiliar with the culture of the Internet, then thebest way to learn is to subscribe to (electronic magazines) and newsletters for your reading.

Write all your ideas down on a piece of paper. Askyourself, “What do I have that people are lookingfor on the Internet?” Take your time. This is notsupposed to be an overnight activity. So, don’t besurprised if you take days. Taking your time anddoing a thorough market research on the Internetbeats jumping onto an opportunity at first sight.

What if you don’t have any products to sell?

I would like to take this chance to get a HUGE MYTHout of the way. If you think you NEED to have aproduct to sell to make money – then you’re deadwrong, really.You’ll be glad that you’re wrong after I tell youthis. You still CAN make money without having tocreate your own product. And there are severalinstances you DON’T NEED to HAVE a product to sellat all in order to make money!

How?

Quite simply, you can either be a referral to earna commission or sell advertising spaces on yourwebsite or newsletter. That, my friend, is just aspeck of a dust. There are still many other waysyou can make money on the Internet WITHOUT havingto have your own product to sell.

Furthermore, you can either:

• Buy Resell Rights to someone else’s product andstart selling it on the internet. All you wouldneed to do is buy resell rights to an infoproduct, upload it to the internet and drive
traffic to it via Google Adwords…and there’syour 1 hour online business. You could also…

• Sign up as an affiliate and promote someoneelse’s product (this is even easier than thefirst business). All you’d need to do is signup to an affiliate program and drive traffic toyour affiliate link…Again, you can use GoogleAdwords to drive traffic to the link.

This is good news to those who are already sweatingover the thought that of needing to create or havetheir own product to sell to make money! However,the 10 Step approach to setting up your ownInternet Business presented in this chapter gearsmore towards “selling products or services”Internet Business Models.

1 comment:

Georgy Porgy said...

Here are some legitimate ways to make money online. From the perfect making money formula to the web hosting company that gives you more, these are legitimate ways to do so.

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