Web Based Business Opportunities, What’s Right For You?
The internet has opened up a whole new world of web based opportunities, there is virtually an unlimited potential for making money online. You can now
start your own business in your spare time, in your own home. Think about it, who wouldn’t want to earn an extra income, (or even a full time income) from
home? You get to be your own boss, set your own hours, spend more time with friends and family all while generating income. So what’s stopping you?
If you are like most people, there is a little voice in your head saying that you could never make it. You have
tried other things before and failed why would this be any different? There are a lot of scams out there and I’ll
just end up losing money. And guess what, you’re right! But there are ways to increase the odds of success.
The first thing you need to do is find the right web based business opportunity for you.
Web Based Business Opportunities?: What Type of Business is Right for You?
There are so many types of online businesses from online stores to writing e-books and even creating content
by writing for other websites, affiliate marketing has become a huge online business. Below we will look at several different
options for various online business opportunities.
- EBay Store– Most of us are familiar with buy and selling things on EBay. But did you know that you can open an EBay store? Having an EBay store allows you to showcase all of your listed products in one place. EBay stores work best if you are selling a niche product (sunglasses, baby clothes’ etc.) by selling one thing (or just a few things). You can develop a loyal customer base. EBay stores are designed to cater to the high volume seller, it is recommended that you have at least 50 new listings per month. For more information on an EBay store you can click here
- Amazon Store– Similar to an EBay store, Amazon has two pricing plans, for high volume sellers you can pay a flat fee of 39.95 mo. For unlimited sales. For smaller sales volumes they charge $.99 per sale (note there are other fees that may apply). So what should you sell on amazon? I recommend doing your research to see what are the best-selling items on Amazon. You can then find those or similar items made in China (see AliExpress) at significant discounts, you can then order the items and put them in your store. You can even ship them to Amazon and they will take care of the shipping when someone places an order. Please note, always check out the item before you put it in your store (order one to evaluate it), some items are of such low quality that you wouldn’t want to sell them, while others are very good.
- Etsy Store– Are you an artsy person? do you make unique items? Then having an Etsy store maybe right for you. Etsy was designed as a platform for people to sell their own creations, From jewelry and household items to clothing. Have a good idea for a funny tee shirt? You can have them made and sell them on Esty. For more information on Etsy click here.
Web Based Business Opportunities?: Other Types of Online Businesses
Having an online store is great, but you do have to stock it with inventory. If you are selling tee shirts, you will have to have
enough inventory on hand in several sizes to fulfill the orders that come in. You also have to deal with shipping and returns.
So if you are looking for an online business that doesn’t require inventory, shipping or returns, there are still options available.
Web Based Business Opportunities?: Become a Freelance Writer–
Owners of websites and blogs are always looking for good content. If you can provide that content, they will actually pay you for each article they use.
Start by writing 5 different articles on any subject that interests you. Then have friends and family critique your articles. Do not take these critiques
personally, remember that you are trying to put out the best possible product and outside opinions can point out
issues you may have missed. The next step is to submit your articles to an article site that has human editors to go
over your work. They will point out tips and tricks of the trade to improve your skills. There are many sites out there,
but one of my favorites is Constant Content. Constant Content is also a great place to submit your articles, they have
clients from all over the world and if someone uses an article you wrote, you get paid. They also have a section where
website owners and bloggers can request articles on various subjects. You can then submit and article specifically for
that request (you’ll have a much better chance of selling it!).
Web Based Business Opportunities:
Start an Affiliate Marketing Site–
Affiliate marketing is one of the fastest growing online business opportunities currently available,and with a virtually
unlimited number of products to choose from, it will continue to grow for the foreseeable future. Affiliate marketing
is simply promoting other peoples products and services with whom you have a relationship with. Before most
people make a purchase, they will do some research on the web. Let’s say they are looking for the best vacuum cleaner. You have a website showing all the
different types and brands of vacuum cleaners. You have reviews of the different features of each. As an affiliate marketer, you have a relationship the
manufacture or seller of the vacuums on your site, so if that customer decides on the product they want, they can click on a link that takes them to the seller.
When they purchase the vacuum, the seller knows that they came from your site and you will get a commission based on the sale.
You have generated a commission without the need for inventory, shipping or servicing the product. This is a win, win,win situation, the customer wins because
he waseducated through your website, the seller wins because he didn’t have to do anything to get the sale, and of course you win because the seller pays you a
commission. There are several sites out there that will teach you about affiliate marketing, but the best one I have ever found by far is called Wealthy Affiliate.
It’s absolutely free to join and you can get my full review of the program here.
Web Based Business Opportunities?: Pros & Cons
Owning an Online Store;
Pros– Profit margins are generally very good. Whether you are selling something that you make, or you are buying things
in bulk from China and reselling.You get to decide the markup on the item.
Cons– You need to have enough inventory on hand to fulfill the orders, either by making them yourself or ordering
sufficient quantities from China. You will also have to deal with shipping and returned items.
Pros– No upfront out-of-pocket expense. Can be done from virtually anywhere there is an internet connection.
Established writers with good reputations can earn a good living.
Cons– It can take a long time to establish yourself and build a reputation. You get paid only if someone uses an
article you have written and pay is low for beginning writers.
Pros– Very inexpensive to get started (it shouldn’t cost you more than $100, it’s free if you use my link here). You don’t deal
with shipping, inventory or returns. You don’t need any experience, there are very good programs that will teach you how be
successful step by step.
Cons– You will need a website or blog with good content to attract visitors. It will take time and effort to get your site up
and running. You will have a learning curve.
Web Based Business Opportunities?: Conclusion
The internet has opened up a whole new world for the entrepreneur, the prospect of owning your own business and being your own boss is now available
to virtually anyone with an internet connection. Choosing the right online business is the first step toward your future.
If you have the desire and determination, you can do it!
Remember your dreams and fight for them. You must know what you want from life. There is just one
thing that makes your dream become impossible: the fear of failure...Paulo Coelho
I hope you have found this post helpful, as always I encourage questions, comments and personal experiences in the comment section.
“Web Based Business Opportunities, What’s Right For You?” Related Read: How to Start an Online Business From Home With No Money