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Financial News

Choosing the Right Online Business for You

This article is for you if you want to start your own business online but are not sure what form your business should take. Obviously one of the reasons you want to start a business online is to make extra income or maybe even with the hope of being able to make a full-time income so that you could quit your job. In addition at some level you are looking for a more fulfilling and rewarding way to make an income too. So it is important that you find a way of generating income online that fits you, your personality, your values and your strengths and passions or else you will really just be swapping one job for another.
In order to choose the right online business for you, you first need to understand more clearly and precisely what it is that you want to get from and achieve with your business. I suggest that you take the time to sit down and consider what you want and don’t want from your ideal business. For example, maybe one of your key criteria is that you want more time to spend with your family and friends and pursuing your interests and so you need to find a way to generate income without working long hours (at least not in the long run) and which will also allow you to be flexible about when and where you work. I’m guessing this may well be the main reason you are considering starting a business online as opposed to any other type of business. So go ahead and sit down and imagine your ideal working situation and write down and prioritize all the criteria, identifying what is essential and what is just desirable. This will then provide you with a valuable measuring stick for evaluating any business ideas you come up with.
Having done this I suggest you now move on to looking at your strengths and passions and generate a shortlist of possible business ideas. A successful business idea will meet the following 3 criteria. First it must help people to solve a challenge that causes them “pain” in their lives currently. Second it must be a challenge that is reasonably common (so that there is a big enough market for your products and services) and they must be willing to pay for a solution. Third you must be able to easily and cheaply get your message to this market.…

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Income

The Top Business Ideas For 2010

When the global economy faces uncertainty, many people become interested in new business ideas. These ideas can be used as the foundation for new ventures, or to revive an existing business which is in trouble.

Here are three ideas for products and services which merit serious consideration:

Software products

Even in 2010, software products remain as a top business idea for both new and existing businesses. Software has low to nonexistent inventory costs, since more physical copies can be created if demand merits them, and digital downloads reduce costs even further. Profit margins for software are generally also better than for other industries. Indeed, one of the most difficult challenge of software developers is finding markets which as of yet have not had their needs met by existing offerings. Furthermore, with many new platforms becoming available (mobile phone applications, e-reading devices, etc.), this is a business field which shows no signs of decline.

Information products

For many of the same reasons as software (low inventory costs, high profit margins, and rapid deployment), information products will continue to be highly profitable for most businesses. Furthermore, many businesses can easily add an information product line to supplement their existing offerings, by identifying valuable business intelligence which might benefit suppliers, customers, or other users in the value chain. In these instances, some care should be taken so that the information being provided does not adversely affect the main business. Still, in cases where the firm is leaving the main business, this information can be provided to others for additional profits with relatively few risks.

Consulting services

Consulting is another way to gain additional profits from previous business knowledge and experience. While offering consulting to businesses not directly related to your firm can take some forethought and insight, it can also be a highly lucrative practice. The ideas provided to other businesses may only happen once, but the profits can often continue for some time afterwards, and as an added benefit, best practices from these clients can be taken back to your business as well. If your firm has not offered consulting services in the past for some reason, perhaps they might in the future (unless prohibited from doing so).

In summary, software products, information products, and consulting services are three business ideas which will not only be useful in 2010, but also well into the foreseeable future. When you consider including these as part or all of your business, it is possible to enjoy higher profits, lower costs, and better prospects for continued future business success.

Copyright 2010, by Marc Mays…

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Business Owner

Online Business Ideas to Start a Business From Home

A home based business is nothing new to the Internet, and people have used the World Wide Web to work at home since the beginning. However, recently, many people who want to start a business from home are struggling with which online business ideas are the best.
A model of business that has consistently worked since the early stages of the Internet is the affiliate marketing concept. This online business idea uses the products and services of other businesses to generate easy quick cash for you when you choose to start a business from home.
The basic concept is that you will place ads, text links, or graphics on your website to promote another business and their products of which you receive a commission from the sale. The reason this online business idea is so successful is that many businesses do not have the capacity to attract the millions of buyers on the Internet and rely on individuals in home based businesses to send them customers.
Your job in your own business is simply to encourage and drive traffic that visits your website to click on the ads and visit the business website. You act as a portal to that business and in return, the business will pay you a commission for each sale.
One of the first Internet Marketers to use this model was Ewen Chia; he started in 1997 as an affiliate for small businesses that needed help in getting customers. Soon, Ewen built a vast empire of businesses and reportedly has made millions of dollars using this same strategy.
The affiliate marketing method is by far the best online business idea for a beginner to start a business from home, as it requires virtually no cash outlay, very little experience and through the methods taught in his book, you can earn quick cash almost immediately.
If you really are looking to start a business from home that will replace your current income and get you the results you need, take this online business idea and put it into action! Consider following the same methods that have produced countless multi-millionaires on the Internet and get a piece of the work at home pie for you. …

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Business Week

Teenage Entrepreneurs: Crash Course in Affiliate Marketing

As a teenage entrepreneur, I know you want to go out and show the world what a brilliant mind you’ve been hiding under that emo shag or Doo-rag. But before you go out and conquer the business world you have to decide what kind of online business you want to run. It’s hard to decide because the internet offers limitless possibilities. WWW. Basically stands for “Wild Wild West”, as anything goes here. Rather than grabbing all the fresh land we can, people are buying up cyber space, online property, which we pay for monthly or yearly (depending on your plan) much like you would a mortgage. And what you do with that little bit of cyber space you’ve wrangled for yourself? It’s up to you to decide. You can show the world your creative talents as a writer, artist, or singer. Share you videos, create a community, express yourself in a way you never could offline!

Or, you could try to get rich!

There’s no shame in this game. There are tons of ways to make money online. One of the easiest online start-ups to start up are SALES. Sales take on a lot of forms online, but today were going to talk about affiliate marketing. Yes, those annoying people with the “LOSE WEIGHT NOW” pop-ups all over the dern place! But affiliate marketing doesn’t have to be that brash to be effective and there’s a lot of different products and services you can advertise.

One website that I would like you to visit to help in getting some online business ideas is ClickBank. You can search it on Google and they’ve got tons of products you can sell for them and they’ll give you a cut of the profits for each website is very valuable because it has many different products that are for sale so you can see what the current trends are as far as top sellers, etc. A lot of people use click bank to start earning money and along with programs like AdSense and Amazon, rake in a sizable income.

Now the thing to understand is most affiliate marketers DON’T just rely on one stream of income. Ever heard the saying “don’t put all your eggs in one basket?” That’s something your father’s probably told you. Maybe your mother if she’s the “Get-em-girl!” business type. Well whoever gave you that advice was dead right, especially when it comes to online businesses. None of us affiliate marketers rely on one affiliate program to accomplish our financial goals, but click bank is a good place to start and as you learn about affiliate marketing and make a sale or two then you learn how to expand and make more websites to sell more products.

Affiliate marketing is a great way to start a business and a very popular way to start earning income. There are other businesses out there, such as: creating your own product and selling it, offering a service like web design or writing services. You can create popular websites and then sell advertising space on it. And I’m sure there’s a ton of other businesses one can create on the web that I can’t even fathom. But part one, affiliate marketing is a good way to go and a lot of people have made a lot of money with this kind of business.

Some advice to keep in mind:

You don’t have to pay to run a service or sell a product. Yes, if you find a wholesaler/drop shipper or something of the like you may have to pay some fee’s but anything that says “send us $50 dollars and well send you information/products” is probably a scam! run away!

Don’t sell products you know nothing about and have little interest in. If you enjoy working out then sell fitness products. If your daily work out consist of reaching for the remote, who are you trying to kid?

Start small, learn the business. Almost everyone fails at first, take your failures and learn from them.

Visit supporting websites like , a sort of hang out for internet marketers. They’re friendly, polite and helpful. Be respectful and these guys can show you how to make thousands of dollars a month!

Cheers and come back for part 2 and 3 if you need more ideas.…

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Starting A Business

Online Business Ideas – Getting Free Traffic To Your Website

Online businesses require two things to be successful in the long-run, traffic and conversions. The long-term success of your online business depends on your ability to attract visitors to your website and to convert them into customers. Though the internet has the potential for millions of visitors, the trick is getting just the right few who are interested in what you have to offer.
Never build a website with the mindset of, “if I build it, they will come.” There are simply too many websites competing for attention. That is why you need to actively promote and drive traffic to your website. And once you have visitors, your next objective is to convert them into customers or leads. There are free and paid methods for getting traffic to your site. Here is a look at some of the free methods.
Social Media – Web 2.0 has become the social media network. Websites like Facebook, Twitter, and YouTube are three of the biggest websites currently on the internet. With tens of millions of visitors to these sites each day, your potential for collecting a following is tremendous if you put in a little work.
You will need to create user accounts on social media sites. Facebook allows businesses to create user accounts and attract followers. Twitter has millions of people just waiting to follow you if you have something to offer them. Your custom videos can offer helpful advice to YouTubers.
All this has one idea in mind – to drive followers and browsers to your website where they can learn more about your business. Be sure to provide prominent links to your website on your accounts. Post updates that include links as well. With daily effort, you can attract plenty of free traffic from social media sites.
Remember that no one goes on these sites to buy anything. The purpose of using these sites is to build trust and credibility with potential customers or clients.
Forums – Online forums are another great place to promote your online business. Join forums and post frequently. Ask questions that inspire others to respond. The more you become known as a frequent contributor, the more you will get forum users to click your link.
Comments – Commenting on blogs and other social media is another way to get noticed. Of course, that requires that you frequent blogs with high traffic potential. Make serious, yet thought-provoking comments. Avoid tearing down or insulting other people who leave comments. Always leave a link to your website.
Online directories – Consider the possibility of free traffic from online directories. There are lots of free directories available for you to submit your website link.
SEO – Don’t overlook the simple task of designing your website so that it is search engine optimized (SEO). You can attract free traffic when your website gets placed high on search results. That means you will need to optimize your website using keywords and phrases that are popular searches. If you don’t know how to optimize your website, contact an SEO professional for a consultation. The fee may be worth it for the free traffic it could produce.
These are just a few ways to drive visitors to your website for free. Building a steady stream of traffic will take time which varies from niche to niche. However, the benefits you gain from traffic and conversions are necessary for the long-term success of your online business.…

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Business Checks

8 Top Internet Business Ideas You Can Run in Your Bathrobe

There are many internet business ideas that you can run right from the comfort of your home. Believe it or not, the internet has offered many people wonderful employment opportunities; and the great part is that these people earn good income right from the comfort of their home.
As long as you are able and willing to put in long hours to learn the ropes of your business, you can set up your business with little or no start-up capital. Before we proceed with the top 8 internet business ideas that can be run from the comfort of your home, there are some “Internet Business Rules” that you will need to be aware of.
– Stay away from pre-packaged internet business ideas that will promise you instant wealth – once it is too good to be true, it usually is.
– It is a MUST to know the basics of search engine optimization (SEO), HTML, conventional marketing & sales, website marketing and social media marketing.
– Be totally honest in your online business endeavour.
The Top 8 Internet Business Ideas
1. Affiliate Marketing
This is a business where you promote another company’s products and or services on your website; you get a commission when a sale is made.
Skills Required
Web marketing, sales copywriting, pay per click (PPC),
2. Arts and Crafts
If you are highly talented in creating beautiful handcrafted goods, you can create one of-a-kind products and sell them online.
Skills Required
Sales, creativity, e-commerce
3. Online Researcher
This business involves doing online research for law firms, large corporation and other small and medium-sized businesses.
Skills Required
Customer service, Liberian style research expertise
4. Blogging
This is one of the many internet business ideas that a lot of people have made money from. A blog is a site that is filled with reviews, articles or journal style writing. As a blogger, you can generate income by selling ads or incorporate affiliate marketing.
Skills Required
Social networking, web marketing, copywriting skills, affiliate marketing
5. Freelance Service Provider
Freelancing is also on the list of the most common internet business ideas. This entails providing professional services like design, illustration, copywriting, programming, and photography. Some freelance opportunities are usually billed on hourly rates.
Skills Required
Trade specific expertise, customer service, sales
6. Recruiting
This business entails recruiting qualified candidates for businesses that pay a fee once a hire is made.
Skills Required
Networking, relationship building, sales
7. Consulting
This job involves providing your expert industry knowledge to investors, entrepreneurs, corporations or other businesses.
Skills Required
Customer service, trade specific expertise, sales
8. Virtual Assistant (VA)
Virtual assistants provide admin and business support to small businesses and other business owners.
Skills Required
Organization, customer service.…

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The Business

Top Ways to Turn Your Small Business Into a Business Empire

Top ways to turn your small business into a profitable business empire.
Small businesses are those businesses which may be started with small capital investments. There are millions of people who are running small or home businesses. Nearly 70% of newly started small businesses fail due to lack of capital, competitions and various other reasons.
Before we look into the reason for success or failure of small businesses let us look into some of the most successful businesses that were started with some powerful and innovative ideas. if you start any small business in a routine way then you may earn just hand to mouth. To take your small business on top you must provide something new and innovative.
How some of the ordinary people turned their small business into a global business empire:
(1). King c. Gillette: A traveling salesman found that his straight razor had dulled and it has become impossible for him to make a close shave. Many time his dulled razor use to cut his skin as there was no sharpness left so he started thinking about new safety razor. A new idea about making a twin blade razor was born in which disposable blade may be put and replaced. Even though many engineers rejected the idea but he continued to experiment and today Gillette have become a billion dollar company. He introduced a low cost, disposable blade that can make close and safe shave.
Summary: He faced a problem and wanted to find an innovative solution to that problem. Although he was a salesman with limited resources but he knew that idea can be turned into money. He realized that if his dreams can be realized then he can turn it into a profitable business empire. This is the power of innovative idea. An innovative idea can make unlimited wealth. Any small business can be turned into a big business empire if you try to introduce some new concepts.
(2). Tory Kumon: A high school mathematics teacher in Japan, Toru Kumon, became concerned because his second grade school son was bringing home poor grades in mathematics. Encouraged by his wife to find a better way to teach his son, Kumon began to examine the textbooks and exercises being used. Kumon felt that there were better ways and looked for a different method for his son. The Kumons worked together and while his wife supervised the home work of their son, Toru Kumon re-wrote the exercises and drills for his son, giving him a slightly more difficult set of problems every day. By the time the son had finished eighth grade, he was working through calculus problems, easily and correctly, and could handle work found on university entrance examinations.
Toru Kumon realized that if his son was having this problem, there would be other children in the same situation. Kumon then decided to take his methods to other parents whose children were having these same challenges. He did this by opening Kumon Learning Centers throughout Japan. Kumon was not without his critics, though. Members of the educational establishment were against him – primarily because it was not their idea. They could not refute the fact that the Kumon system works. Today kumon have more then 26000 centers in 46 countries. This is the power of a small and powerful idea!
Summary: Kumon saw a problem – poor academic performance and defined it as an opportunity – opportunity to create a learning system that would resolve the poor academic performance problems. After working with his son and finding something that work, he found he could provide this service to other parents that were having the same challenges. At the same time, he could create income for himself. He provided something of value and a lower cost than many of the alternatives.
(3)Amancio ortega: Amancio Ortega was born in the year 1936 in Spain. His father was a railway worker and his mother worked as a maid to support the family. Due to the financial problems that his family was facing, at the tender age of 13 he started working as a delivery boy at a shirt makers shop. Thereafter he worked for a lot of stores and tailors and closely studied as to how the products and cost of the products changed as they traveled from the manufacturer to the consumer. As a result of this study he became focused on the importance of getting the products directly to the consumer by eliminating the middleman. During his experience of working as a manager of a local clothing shop he realized that only rich people were able to afford high fashion clothes because of the high prices they came with. Having observed this, he was determined to manufacture high fashion clothes that were low priced and accessible to …