5 Hot Internet Businesses For 2005
by: Nowshade Kabir
If you are planning to start a new business in 2005, you should seriously consider one of the many Internet based businesses available today. The online businesses have numerous inherent advantages in comparison to their brick and mortar counterparts.
Investment is relatively small
The basic elements to start an online business are the followings: a good product or service, an online presence, and a good marketing plan. All these things can be done on a shoe-string budget. You won’t require more than US$ 2000 to start any of the business described below. In most of the cases, the investment can be even lower. Quick to launch
Once you know, what products or services you are going to sell, you can, basically, start your business within three to four weeks. Some of the online businesses don’t even take more than two to three days to start.
Large audience
Internet is big and it’s getting bigger! Whatever business you prefer to start, Internet allows you to tap instantly into a huge number of potential customers, which is, virtually, impossible to do with a brick and mortar enterprise.
Huge growth potential
With the Internet, sky is the limit! If you have a good product, service or idea, you can create a dot com behemoth over night! Smart guys are doing this! Internet success examples are abound.
Work from home
The best thing about online business is you can take care of it even while you are on vacation. No office is necessary; you work from home, if that is what you prefer.
Less paper work
Since starting for your quotation and purchase orders to the invoices and shipment tracking, everything is done online; you hardly have to do any paper work. Check out an example of how easy it is to manage your business processes online at http://www.rusbiz.com/deal_manage.html
Flexible time schedule
No longer have you had to work nine to five! You set your own schedules. Although, with any new business, initially, you have to work very hard, however, the time flexibility allows you to do other important things whenever it’s necessary.
There is no limit to Internet business ideas. Savvy entrepreneurs are constantly coming up with mind-boggling online projects and striking rich in no time.
Here I have chosen several of the online businesses with great upward potential with proven success history.
Selling information
If you are asked, what do you do on the Internet most of the time? The answer, most probably, will be searching or retrieving information. You are not alone! A survey conducted by Neilsen Media Research shows that Books and Information Category tops the highest selling product and service on the Internet with a significant margin in comparison to other categories. This makes information a natural product for sale on the Internet. Information sells online in the formats of e-books, articles, reports, data, whitepapers etc. If you have expertise in any specific field, you may consider selling your ideas in one of the mentioned format. Check out Clickbank’s marketplace to get a good idea what people are selling. You will be truly amazed by the scope of ideas!
Resources
http://ezine.rusbiz.com/article/13.htm
http://ezine.rusbiz.com/article/13.htm
Travel agency
According to Jupitar Research the U.S. online travel market has grown at a fast pace over the last year, totaling $54 billion in 2004, or 23% of travel purchased. The online market is projected to grow to $91 billion in 2009, or 33% of travel purchased.
Apart from being a soaring market, travel agency is also highly rewarding and satisfactory business. The interesting thing about this business is your own network of acquaintances is also your potential customers.
The success of this business will depend on your target market and product that you are going to sell. Choose a very niche product and focus on a specific market segment. For example: Red Sea Rivera of Egypt is increasingly becoming a primer destination for many sun worshippers. Try working with several of the hotels from this area. Create package deals and offer to European customers.
Resources
ASTA http://www.astanet.com/index.asp
NACTA http://www.nacta.com/
OSSN http://www.ossn.com/
ICTA http://www.icta.com/
eBay store
eBay has grown into the largest online marketplace in the world. Entrepreneurs are taking advantage of this. Opening a store on the eBay is fairly easy. However, the competition is stiff! There are nearly half a million stores are selling almost anything you can think off. In order to be successful you have to choose your products very carefully. The best selling items on the auction marketplace are collectibles, books, computer software and hardware, clothing, home and garden supplies, business supplies, wholesale lots, DVDs, special events tickets and even cars and real estates. If you don’t have your own products or you don’t want to physically handle a product, you can consider selling drop-ship items.
The main reason why you should mull over selling your products through eBay is the sheer number of visitors eBay gets. By no means, an average website can bring you so many customers.
If you find difficulties doing the auction sales yourself, you can also concentrate on seeking out products and selling them through eBay drop off stores. You can also come up with your own drop off store.
Resources
http://www.entrepreneur.com/ebaycenter/0,6316,,00.html
http://www.i-soldit.com/
http://www.quikdrop.com/
Web service firm
Services required by the Internet users and online businesses are increasing enormously. The Internet service industry is evolving so fast that for their various requirements, many companies, today, prefer outsourcing as oppose to doing things by hiring employees.
Large and small companies started to realize that it’s more cost-effective and time-saving to outsource sophisticated business related services, which are not their core business. This has created a flourishing industry, part of which did not even exist several years ago.
To be successful in this market you have to know what’s the odds are. A rush to provide complex solutions of vast range that fail to provide benefits at reasonable costs for businesses will sure take you out of business very fast.
The services that you can provide may include:
Website design
Website promotion
Online security consulting
Resources
http://ezine.rusbiz.com/topic/4.html
http://www.hwg.org/
http://www.webreference.com/
http://www.guru.com/
Export Import Business
Thanks to the Internet, getting into import export business has never been easier. As the nations are accumulating wealth, their demand for foreign made products is also swelling. You can be a part of this action too! Whether you are planning to import or export, Internet resources can be of great help too you. The trade leads site, B2B exchanges and various marketplaces have made sourcing and selling products and services globally simple, effective and inexpensive. You can also create your web store with many of the B2B exchanges and run your business processes solely online.
Resources
http://www.itintl.com/
http://ezine.rusbiz.com/article/24.html
http://www.alibaba.com
http://trade-leads.rusbiz.com
http://marketplace.rusbiz.com
http://www.export.gov/
Nowshade Kabir is the founder, primary developer and present CEO of Rusbiz.com. A Ph. D. in Information Technology, he has wide experience in Business Consulting, International Trade and Web Marketing. Rusbiz is a Global B2B Emarketplace with solutions to start and run online business.
You can contact him at mailto:nowshade[at]rusbiz.com
http://ezine.rusbiz.com/article/41.html
Hot Internet Businesses
Sunday, November 25, 2007
Monday, November 19, 2007
7 Easy Ways to Make More Money in Network Marketing
7 Easy Ways to Make More Money in Network Marketing
by: Daegan Smith
Hit a snag lately? Haven’t been able to recruit any new agents? Is you network marketing job paying less and less because you can’t generate any sales? You don’t have to fret! With these easy network marketing tips, you can revitalize your sales pitch and methods in no time at all!
1. Contacts
Remember that your contacts are your most valuable asset. Who are your contacts? The people you see on the streets? Your next door neighbor?
When considering whom to invite, try those closest to you first. This is because they are most likely to be more open to your suggestions and will be willing to do you a few favors (such as buying that detergent you are hawking). The great thing about this is that they will really mind plunking a few bucks to help jumpstart your business. And when they see that you are doing well, they could very well join you as well.
When you run through the whole list of you clan, what will that leave you with? You will of course have to go to those people that next in line with regards to closeness or affinity to you. And what if that gives out too?
You can always adopt a friendlier stance and chat up that neighbor you never talked to. You could meet new people on the bus and on the train. But remember, you have to like them as people first. Don’t go about and look at them like walking piggy banks. People will know if they are being looked upon as ‘things.’ Always regard them highly and get to know them. Build their trust. The truth is, the friendships you build will be the true reward, and the sales will be just a side dish.
Always ask for referrals from your contacts. This is another sure way to increase your prospects.
2. Believe
If you yourself do not believe in your product, chances are you won’t be able to sell it to others. Remember, nothing promotes a product better that a satisfied customer. Let others see you using the product. Say glowing things about it. And most of all, let all that you say be true. If your customer finds out you weren’t being honest, you could ruin your business relationship.
When you choose a network business, take into consideration their product. See if you can believe in it and pitch for it effectively.
3. Recruit the right people
Don’t just recruit anybody. Make sure the people you recruit share an unbridled passion, and tireless work ethic with like you. If you don’t chances are, they will drop out of the networking business and you will not be able to build your downline.
4. Don’t force the issue
When trying to close a sale, don’t force the issue. If you do, people will get suspicious as to why you are doing so. Are selling them counterfeit items? Are you only interested in your profit and not in your customer’s satisfaction? Always keep this in mind: the customer always comes first. Please them, and the profits and windfall from these relationships will follow.
5. Look the part
When recruiting others, you can’t say, “You will get rich with network marketing,” and look shabby all the while. They’d say, “I thought you got rich from this thing, why do you look like you didn’t.” People will want to see a visible sign of success. You are their only reference point. If you are not convincing as a successful networking agent,
6. Hang in there
Perseverance is a virtue. If money grew on trees, you’d still have to wait for them to grow. Remember the old adage: try and try, until you succeed. Remember that your goal is not to just to get money, but to build upon a good income generating business.
7. Evolve
Don’t be satisfied thinking that your techniques at recruiting will forever be effective. Although there are basic principles that should be followed, you can forever improve on your techniques. Today’s society is constantly evolving. If you want to catch up with them, you have to evolve in your marketing strategies as well.
Try ‘Em
Try these tips. They are sure to give you more confidence in your network marketing strategy!
About the author:
Daegan Smith is the leader of the fastest growing team of successful home business enterpernuers on the net. Find out how we're creating financial freedom all across the globe and how to get in on the action FREE =>http://www.comlev.com Team Blog: http://www.turnkeyinternetbusiness.blogspot.com
by: Daegan Smith
Hit a snag lately? Haven’t been able to recruit any new agents? Is you network marketing job paying less and less because you can’t generate any sales? You don’t have to fret! With these easy network marketing tips, you can revitalize your sales pitch and methods in no time at all!
1. Contacts
Remember that your contacts are your most valuable asset. Who are your contacts? The people you see on the streets? Your next door neighbor?
When considering whom to invite, try those closest to you first. This is because they are most likely to be more open to your suggestions and will be willing to do you a few favors (such as buying that detergent you are hawking). The great thing about this is that they will really mind plunking a few bucks to help jumpstart your business. And when they see that you are doing well, they could very well join you as well.
When you run through the whole list of you clan, what will that leave you with? You will of course have to go to those people that next in line with regards to closeness or affinity to you. And what if that gives out too?
You can always adopt a friendlier stance and chat up that neighbor you never talked to. You could meet new people on the bus and on the train. But remember, you have to like them as people first. Don’t go about and look at them like walking piggy banks. People will know if they are being looked upon as ‘things.’ Always regard them highly and get to know them. Build their trust. The truth is, the friendships you build will be the true reward, and the sales will be just a side dish.
Always ask for referrals from your contacts. This is another sure way to increase your prospects.
2. Believe
If you yourself do not believe in your product, chances are you won’t be able to sell it to others. Remember, nothing promotes a product better that a satisfied customer. Let others see you using the product. Say glowing things about it. And most of all, let all that you say be true. If your customer finds out you weren’t being honest, you could ruin your business relationship.
When you choose a network business, take into consideration their product. See if you can believe in it and pitch for it effectively.
3. Recruit the right people
Don’t just recruit anybody. Make sure the people you recruit share an unbridled passion, and tireless work ethic with like you. If you don’t chances are, they will drop out of the networking business and you will not be able to build your downline.
4. Don’t force the issue
When trying to close a sale, don’t force the issue. If you do, people will get suspicious as to why you are doing so. Are selling them counterfeit items? Are you only interested in your profit and not in your customer’s satisfaction? Always keep this in mind: the customer always comes first. Please them, and the profits and windfall from these relationships will follow.
5. Look the part
When recruiting others, you can’t say, “You will get rich with network marketing,” and look shabby all the while. They’d say, “I thought you got rich from this thing, why do you look like you didn’t.” People will want to see a visible sign of success. You are their only reference point. If you are not convincing as a successful networking agent,
6. Hang in there
Perseverance is a virtue. If money grew on trees, you’d still have to wait for them to grow. Remember the old adage: try and try, until you succeed. Remember that your goal is not to just to get money, but to build upon a good income generating business.
7. Evolve
Don’t be satisfied thinking that your techniques at recruiting will forever be effective. Although there are basic principles that should be followed, you can forever improve on your techniques. Today’s society is constantly evolving. If you want to catch up with them, you have to evolve in your marketing strategies as well.
Try ‘Em
Try these tips. They are sure to give you more confidence in your network marketing strategy!
About the author:
Daegan Smith is the leader of the fastest growing team of successful home business enterpernuers on the net. Find out how we're creating financial freedom all across the globe and how to get in on the action FREE =>http://www.comlev.com Team Blog: http://www.turnkeyinternetbusiness.blogspot.com
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