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The most frequently
asked question I receive as an Internet home
business consultant usually goes something like this; "I would really like
to start my own home business on the Internet, but I don't know what."
The short answer is - Start with what you know and enjoy.
There are a number of good reasons for this
By drawing on existing knowledge, you can concentrate on building a business
rather than
learning about a new trade, product, or service.
Starting and running a home business means long hours and sacrifice. It
is easier to do
when you are doing something you enjoy.
Selling what you know and enjoy is less difficult for non-salespeople.
Selling what you know
and enjoy is less difficult for non-salespeople.
The Internet offers unique opportunities for the home business entrepreneur.
It creates
the ability to reach a much larger potential market for your product, service,
or information
at a much lower price than through conventional advertising mediums.
The Internet and World Wide Web are still in their infancy. Right now,
you can get
everything you need to put your business online - free. It is like someone
offering you a
store (web hosting), full time staff (web pages, auto responders) and advertising
(lots of
advertising) for free. All you have to do is come up with an idea for a
product or service to
put in the store.
One of my favorite examples is my mother's home business. She builds very
creative and
unique birdhouses. She uses scrap lumber from a local sawmill (free) and
driftwood from
the local beach (free), to keep her material costs low. Another local artist
provides the
miniature sculptures for a percentage of the sales. She started by building
and selling
these for the local tourist trade in Homer Alaska, and was doing ok. But
when we put them
on the Internet (http://www.ptialaska.net/~cortez/) sales really began
to soar. Not
everyone that would be interested in the birdhouses can afford to visit
Homer, and we
certainly couldn't afford to advertise to the world in any other way. We
were able to reach
this larger market by using free web hosting, design, and promotion services.
Once we
developed a flow of traffic, we were able to create additional income streams
by selling
other peoples products as well. (I'll discuss this further later in this
article)
This business model can work for just about any product that can be shipped.
What unique
item can you build using local materials? Do you have a craft or gift idea
that is unique?
How about a kit or plans for something you have built?
Information is another type of product. What do you know or know how to
do that would
be of interest or value to others? You can either sell that information
as a report, or a tip
booklet. Or you can give the information away at your store and sell other
peoples related
products for a commission. The advantage here is that once you put your
information in the
store it is done. You don't have to keep building it and shipping it. If
your not comfortable
with writing your own material you can use a ghostwriter (http://www.home-work.net).
Another home business opportunity that is unique to the Internet is based
on common
interests. What do you have a special interest in that others may share?
Music, books,
computers, cars, gardening, collectibles, etc.…? The idea in this business
model is to create
a site with information and resources available online of interest to others.
Then you select
products to sell of interest to people that would be visiting your site.
For instance, if you
had an avid interest in a particular type of music. You could develop a
site that was a
resource for others with that same interest. The site could include links
to artists sites,
reviews of the latest releases, concert tour information, photos, sound
clips, interview
excerpts, a chat room, or discussion board. You become an "associate" of
one of the CD
distributors online and receive a commission on CD's that are sold. The
distributor does the
entire order fulfillment. The number and variety of companies that have
an associate
program online is growing daily. They cover all kinds of products and services
from gifts to
computers or web hosting to credit cards.
Start with what you know, apply some imagination, and open your low cost
home business
online. The market is growing everyday - world wide.
Brought to you by: World Wide Information Outlet - http://certificate.net/wwio/,
your
source of FREEWare Content online.
Bob Cortez has 20 years of sales and marketing experience. Through Total
Quality Marketing
he is providing consulting services to home based entrepreneurs looking
to expand their
business online and take advantage of the tremendous opportunities
available.
Reprinted from Zongoo! Business |