Home | Job Search | Career Strategies |Employment | Resumes | Communication |Write |Successful Women | Business | Home Business | Entrepreneur |Loan - Credit | Web | Network | Balance |International| Book Store
Your Business Concept
Take some time to decide on what kind of business you want to run. The reader is provided with numerous examples of successful online business owners and checklists to help them hone in of their own idea.
Hone in on an online business which will work for you
Hone in on a business that works well on the net
Decide on a product or service – some ideas for online businesses
Products
These should be something you can’t get at the Walgreen’s or WalMart down the street: rare wines, cheeses or cigars; hard-to-find or specialty items.
Software items, particularly business productivity items are among the first products people look for. Most anything can be digitized and sold online: photographs, for example; house plans, rare post cards or movie posters; your own unique knowledge of a subject about which you are passionate, packaged in an ebook.
Services
The possibilities are infinite: auto-responder service, accountant, income tax specialist, medical billing specialist, researcher, freelance writer, business card and letterhead designer, crafts and crafting supplies, proofreader, document preparation service, website design, infopreneur, multi-level-marketing (mlm), new media production, advertising consultant.
Pre-built programs
There are, in fact, many pre-designed and complete turn-key online money making ventures already set up and proven and looking for affiliates to leverage their own marketing. A product has been developed and a sales strategy put in place; all you have to do is gather the target demographic to your site, usually through good content.
Select the right venture which will provide a product or service that will meet the needs of your target market and that they will buy in sufficient quantity for you to make a profit.
Transaction model – nice work if you can get it – all you do is create a marketplace using software and let buyers and sellers deal with each other using you as an intermediary.
eBay is one example of providing the platform and software for buyers and sellers to interact
Commission Junction, an affiliate network is another example where merchants and web publishers who wish to earn money through affiliate programs can find each other
Affiliate programs
Whether you sell a product or a service, whether you build your own website, use a template, hire a website designer , or get one from an affiliate program, you will almost certainly need “partners” or what has come to be known as “affiliate programs” on the web.
The affiliate model is a "high reward/low risk" Web site monetization option. More accurately it has the potential to be high reward. It depends on which company you choose, their track record, and your patience and persistence.
Parent companies of affiliate programs may have $20 million or a great deal more invested in their software alone so they definitely can help you. You may need them to prosper but they also need you to penetrate the market.
eBay's top 50 affiliates average over $1million in annual commissions! Ebay’s web-services platform, enables affiliates to efficiently access live product and listing information... and with 25 million listings available at any given time. There are many success stories of affiliates with lesser known but established business who have worked using email and advertising to grow their customer base to earn anywhere from $35,000 to $90,000 or more per month.
If you can join an affiliate program which will mentor you, do it. Everyone benefits from a mentor. Later, after you’ve learned all you can, you may want to move on, or do things your way instead.
Choose your affiliation wisely. Not only should they be able to leverage sales off your niche, but you should make a competitive rate from them. If you don’t, drop them and move on to another. Your choices are almost limitless.
Develop Multiple streams of income
Join many relevant affiliates, always enhancing and burnishing your brand, then prune those that prove less profitable
Build credibility and trust; it will increase the response rate for your offerings
Learn to position your site to cross sell
Learn to position your site to do back end selling
Again, leverage off the giants; they have the money, clout and expertise - all you have to do is use their infrastructure to develop your own products with your own following, and never stop marketing.
Netsmart - Starting Your Own Net Business
Net Smart: The Net Boom Is Back - Take Advantage Of It
Minimizing the Risk - Don’t Give up your day job
Find Your Passion - Sell What You Love - Money & Benefits Will Follow
Starting Your Own Net Business
Trial and Error - The Benefits of Testing Everything
Home
|
Job Search | Career
Strategies |Employment | Resumes | Communication |Write |Successful Women | Business | Home Business | Entrepreneur
|Loan - Credit | Web | Network | Balance |International| Book Store
About Us | Advertising Info| Content, Reprints | Privacy Policy | Sitemap
Copyright
© Advancing Women (TM), 1996-2006
For
questions or comment regarding content, please contact publisher@advancingwomen.com.
For technical questions or comment regarding this site, please contact
webmaster@advancingwomen.com.
Duplication without express written consent is prohibited
