There are various businesses you can
start up with as an upcoming entrepreneur and startups, one of them is starting
an internet business. When I mean an internet business, I don’t mean joining
the various scam programs on the internet that asks you recruit others for a
few bucks. They may never pay you!
You can always start an internet
business, provided you can offer a viable product or service, or take advantage
of opening one of many available franchises. Your abilities, desire and financial
resources can help determine the type of business and how long it may take to
get it started.
When considering starting an
internet business you need to determine the type of business you want to be
involved with. You have the choice of selling products or services as well as
whether you want to sell your own product line or someone else's. The same can
be true for service-related businesses. There are several companies offering
services that you can resell and make a profit and if you find any of them
useful, you may want to be involved.
Whether its reselling Hosting plans
or Bulk SMS or having resale rights to e-books and other digital products or
reselling Gadgets
from major suppliers.
You can also choose to sell a
combination or products and services to take advantage of different aspects of
the online shopping venture. While niche marketing and focusing on one product
line has proven successful, so has being able to take advantage of different
needs for different customer bases. Niche markets are more focused while a product
mix reaches more of your targeted audience. You can also offer backend
products, such as printer paper and ink to go with printers.
Working capital is a serious
consideration in starting any internet business and probably the biggest
expense will involve marketing your business. A good business plan can help you
determine your target audience, which in turn will help determine where you
will focus your marketing. This plan should be part of the overall business
plan as without a specific market to target, you could end up simply throwing
money into the wind and hoping it falls where it will do the most good.
Sustaining growth is another
planning process and depending on your product line can be a viable exercise.
Every business that sells merchandise should plan to offer products that are
considered disposable. Items that customers will need to replenish or replace
when used to gain the possibility of repeat business. Some businesses, such as home
mortgages, are only able to sell to the same customer once, or maybe twice so
they are constantly on the lookout for ways of generating more customers.
A business offering disposable items
do not have to continually focus on new customers, rather good customer service
and quality products can provide continued growth based on repeat shopping by
the same customers. For example, if you sell digital cameras, it may be years between sales to the same customer. However, you can bolster your sales by also
offering memory cards and printing services or supplies to bring in additional
sales to existing customers.
This service is unique because you
can sell the memory cards to Phone, Tablets and other devices and gadgets
users. And whether one is into fulltime photography or not, many always want to
have their pictures in hard copy for various reasons so a Printing service or
sales and supplies of printing papers to others doing the same business.
A full list of businesses you can
start up with little capital will be highlighted in the future post, As a
review you should understand that running an internet business simply means
either taking your normal brick and mortar business online so that a lot of
people can see it and contact you for it or promote someone’s else products (goods
or service) to millions of internet users in your area or locality or even
billions worldwide!
Kalu Samuel Anya is an article writter and serial entrepreneur,
he can be reached on Twitter: @kalusamanya Skype: kalusam
for www.macroperfection.com
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