|
Being the owner of an online business is one of the best
feelings I know.
The startup costs are very small in comparison to starting a
"dirt world" business. Before the Internet, setting up in
business was a high risk activity. You could invest thousands in
an idea that you really believe in only to find and nobody else
believes in it. I'm sure you've heard the statistics : ninety
five percent of new startups fail. Not a great figure, it has to
be said.
I'm not saying that starting an Internet business is likely to
succeed any more than a regular business but the risks involved
are much smaller. You could start up fifty online businesses for
the amount of money you may have invested in a real world
business. That is quite a powerful fact. On the Internet you
have room to fail. You just have to pick yourself up and try
something else.
Another reason setting up an Internet business is a smart
decision these days, is the fact that more and more people are
parting with their cash online every single day. No, I'm not
talking about credit card fraud, I'm talking about consumers
starting to prefer the online experience to traipsing around a
shopping center arguing with their partner! Or is that just me?
Many people are starting to trust online transactions and this
can only continue. As a matter of fact, buying products online
is a much safer activity than handing over your credit card in
your favorite restaurant. So you trust that guy behind the
counter do you? This increase in online transactions is good
news for you if you're looking to start an online business.
In 2005, for the first time, the Internet advertising spend
overtook traditional media advertising. This is a hugely
significant fact. Comparatively, companies spent more
advertising online than they did placing adverts in print media,
television and radio. This means that companies are beginning to
see the power of the Internet and what it can do for their
business.
Furthermore, a fantastic benefit to doing business online is the
fact that in most cases, selling instantly deliverable products
on the Internet such as ebooks and software provides a passive
income for years to come. You set the business up once and it
pays you over and over again. Does that beat working the 9-5 for
forty years? ummmm ... you bet it does.
Of course you do need to maintain your business, or businesses
but compared to an offline business this pales into
insignificance. You can easily maintain ten, twenty or even
fifty online businesses every day. I should know, I have done so.
Something else to think about is that many investment companies
are now looking online and they are buying web properties in
ever increasing numbers. For them it's a no brainer. If you can
demonstrate that you are putting a certain amount of money in
and realizing a certain return then you have a quantifiable
business. Businesses which can prove they are in profit are
selling for big money online at the moment.
This is only set to continue. Recently I saw one website sell
for upwards of forty grand. This website has only been online
for six months but the owner knew enough to be able to instantly
create a profitable business. Forty thousand dollars! For you,
maybe this is a lot of money but to an investment firm this is
nothing. Especially if the business can create a thousand
percent profit which many online businesses can easily do.
It's an investment firm's dream come true. Why should they have
to rely on uncertain and downright dodgy investments when they
can buy web properties which are almost guaranteed to turn a
profit. In the years to come you will see many valuable web
properties being bought and sold online. Now is the time to
build your business.
In 2005 one guy sold four web sites for over five million
dollars. He had owned these web sites for just over one year. He
had been able to show a consistent profit over the twelve months
and so had created a very valuable web property. Five million
dollars may sound like a lot but these websites will have the
potential to make way more than that over time. By the way,
these were one or two page web sites.
You can easily create businesses for around one hundred dollars.
You will have to invest another couple of hundred in advertising
but if you do it right you could be turning a profit inside
thirty days. Keep records for three to six months and sell your
business for a massive profit. The best bit is, once you have
sold your business you can do it all over again. You can even do
it in the same niche if you like!
So now there is no doubt left in your mind that setting up an
online business is what you want to do .. how do you do it? This
is where the fun begins! There's so much information out there
that you will almost certainly suffer from information overload
at some point. We've all been there.
However, most of this info is filler and misinformation. There
are only three or four genuine tactics which you need to know
about in order to profit handsomely online. To get more info on
these strategies please see the resource box at the end of this
article. Now go forth and profit!
About the author:
Riley has been helping others make a comfortable living online
for 5 years. He enjoys the success he's achieved personally and
for his clients. He is currently sponsoring the following page:
http://www.linkz-and.info/mmon.html where you can get more info
on internet business startups. Want Riley to sponsor your page?
.. rileymcbride@gmail.com
|
