Online Business Ideas & Strategies
If you are serious about starting your own online business from home than you need to do
Why an online business because there no rent to pay or maintence, no employees, no stock,
or insurance to pay which makes this virtual online business much less to run.
There is where you take the responsibilty for creating your life.
Entreprenuership is about working for you.
You decide the best business model for you, the amount of time you want to work
and the amount of money you want to earn.
This may be a hard static to hear but only 3% of the people that start an online business are successful at it.
Online Business ideas to consider:
- Creating your own product or service to promote and sell online.
- Affiliate Marketing
- Joint Ventures
- Multi Level Marketing (MLM)
- Direct Marketing
Your own product or service created and marketed by you.
Affiliate Marketing is selling a product or service created by someone else and you are paid a commission
on the sales you make. The important thing to remember is to be a product of the product ( you buy the product or service yourself)
and that the product or service you are selling has a high commission rate. If your product is only worth a small
amount of money, you will have to sell more to earn the income you are looking for.
Joint Venture is partnering with someone and earning a commission on selling what they have or using their
service to sell what you are offering. For example if they have a product and you are good at marketing, then coming to a
mutual decision needs to be made on what you will be paid for selling their product.
Either way you are helping each other make money.
A couple of places you can find joint ventures opportunities are at warriorforum.com do a search for joint ventures
Multi Level Marketing is a very big business. You are creating a downline heirarchy of multi- levels of compensation.
A pyramid system in which you are compensated for your sales plus the sales of the people in your downline.
You have to buy the product and the postion you would like to start at. Has been given a bad reputation
because you are encouraged to sell to family and friends, cold calling people, house parties and online promotions.
Avon, Amway and Herbalife are just a few examples of the mlm business model.
Direct Marketing can involve finding products from wholeaslers and selling them on places like Ebay.com
As you can see there are many online business ideas that will enable to work from home.
Which Online Business Idea is best for you.
This is where due diligence is the necessary for any of the business ideas that may interest you.
There could be a steep learning curve if you are not that familiar with the internet.
Working an online business from home is virtually an untapped resource that could earn you a recession
proof income for as many years as you would like to work.
If you find the right business model for you and are willing to put in the time, money and effort to get the job
done than you will be among the 3% of entrepreneurs that have built a successful profitable online business.
By the way I have tried a MLM company quit when all the product arrived and filled my living room
and selling products on Ebay which was interesting but realize I would need to sell alot of product
to reach the income I was looking .
To your success