Your Best Internet Business Opportunities
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I frequently receive emails from new subscribers asking me what the best Internet business opportunity is for them.
My answer is always the same: I raise my hands in the air, saying “I don’t know”!
That’s because I do not know you, your strong and weak points, your knowledge, your will power, the time that you have available, whether you can focus or not and a lot of other things. I can’t decide for you, you have to make that decision yourself.
But I also always include some guidelines and I will reprint them right now. Here goes.
There are basically two ways to set up a successful Internet business:
- follow your passion, hobby or profession, or …
- follow the money
Following your passion, hobby or profession
If you’re promoting and selling your passion, hobby or profession, then it’s much easier for you to create high value content and products and pass that along in such an enthusiastic and decisive way that it automatically will show your expertise!
And that’s exactly what people are looking for online: solutions from an expert.
Once established as an expert, you use that status to build a strong relationship with your prospects. Use your knowledge to help them as much as you can. The point is, all things being equal, people prefer to buy from a friend, rather than a stranger.
And a positive side effect is, this strategy will build your confidence!
The problem taking this route is that, before you start, you have to make sure your products or services are in demand and that people are willing to pay for them.
I’ve seen so many people do this wrong. They just created a product or a service NObody was interested in. They fell in love with their product that couldn’t be sold, because there was no demand for it. Frustration was the result.
Following the money
This means you first do your research looking at what’s hot and in demand and then create an online business for it. In fact, what you’re doing here is jumping on the wagon. And you already know it’s a successful one.
And although you already know there’s a hungry market out there, willing to pay for products, that doesn’t guarantee you will be successful too.
The problem with this strategy is, that you likely aren’t knowledgeable about the topic. You can’t create high value content and products and you can’t answer most questions adequately.
You then either need to quickly become an expert or hire one or you have to outsource everything. No question that the latter costs money.
Be knowledgeable.
Either way, it is of the utmost importance to be knowledgeable about the products or services you are selling, because you eventually have to answer questions or inquiries from potential customers and even may have to discuss alternatives!
You need to answer them accurately, because you have to show you’re the expert to build a relationship of mutual understanding and trust and agreement.
Build confidence
Therefore, in my opinion, the best web business for you is one that you’re knowledgeable about. Knowing exactly what you’re talking about builds your self confidence and that on its turn will absolutely give you the advantage. In fact, you won’t be able to effectively sell online without that confidence.
You see, reputation is the key.
This implies that the more satisfied your customers are, the more they’re willing to come back again for more and to recommend you to their network.
Even on the Net word of mouth is far and away the best advertising you can ever get. You’ll get it for free and it serves as a testimonial to potential customers.
Nothing is more powerful than that.
Have you decided yet which strategy to follow?
Let me know by posting your comments.
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January 3rd, 2008 at 4:07 am
Your Best Internet Business Opportunities…
Many, many people want to go online and create a home based business. Yet only few know exactly what kind of business they want. The majority doesn’t.
Although I can’t tell any other person what to do, simply because I don’t know that person, their …
January 5th, 2008 at 2:07 am
Yes, i prefer to follow my passion, but of course it must be a hot selling or at least highly searched product, otherwise i won’t be able to get the sales income that i aim for.
Regards,
Fione Tan
January 10th, 2008 at 1:17 am
In starting a business, it’s important that you have to choose a business that suits to your interests or hobbies. Make sure that you have enough knowledge for that business or else you will end with nothing and you just waste your time and resources for that business.
January 10th, 2008 at 9:21 pm
I had some experience about direct selling, MLM or network marketing off line, but I didn’t have a clue about HTML, Internet marketing, website design and how to translate the real life knowledge and experience to the virtual world when I started looking for ways to make some bucks on the web.
Due to my bad economic situation at that time, I decided to follow the money route and learn how to do it.
It was a long and rewarding experience.
January 13th, 2008 at 7:08 pm
Choose a business that fits to your interests and you love to do, for me it’s the best key to achieve success in your business.
January 20th, 2008 at 4:44 pm
If you like to play the adsense game , you can follow the money…or create an ebiz where not much knowledge is needed, but It’s hard to ‘enjoy’ it.
I prefer to choose a biz that does interest me..No need to be a complete “expert” on the topic from the start and if you are prepared to research and learn as you go you will just doing fine.
Sometimes it’s your level of experience that differentiate your biz from many others out there !
Dave
February 27th, 2008 at 3:59 am
You are absolutely right, blog about subjects where you have gained authority through your profession or hobby experiences.
February 27th, 2008 at 10:33 am
Another tip: don’t force yourself blogging just for having a new post. Keep quality in mind, not quantity
March 17th, 2008 at 6:00 am
What ever you said is abosolutely right & its infact the reality!!
Thanks for sharing this information.
April 25th, 2008 at 3:45 pm
A very good post and highlights some of the problems people face when looking to make money online.
I have a lot of people asking me the same question. The truth is there are so many ways to make money online but they require effort and hard work and many people just dont want to hear that, they just want the quick fix.
May 6th, 2008 at 6:15 am
I was self employed in the building trade for over 9 years but stopped to build an online business for myself.
I’m a very intoverted person who doesn’t care much for the company of others, apart from my wife and children that is.
Working online is perfect for my personality. I work 18-20 hours every day on my own.
If you’re going to be building a business on the internet I think you need to be prepared to put in some long hours on your own.
Many people would probably find what I do lonely but I really enjoy it. I have learnt to be disciplined and work to a systematic plan.
In truth, I find almost everything I’m doing right now boring but I know that if I stick to the plan my family will be well looked after and I’ll be able to retire much sooner than I would have been able to in the building trade.
May 9th, 2008 at 4:59 pm
The matter of fact is that there are indeed numerous ways to make money online. Most people don’t get that it takes *work*, just as it does with any offline business as well.
May 10th, 2008 at 1:47 pm
It is so true that you need to love what you are doing, whether online or off.
I am a retired (newly) accountant who has always wanted to work online, and I have a lot of interests, so the question is which one?
I took some time and researched so that I wouldn’t spend a lot of money here and there for this and that.
I decided ultimately to talk to a coach, Terry Dean (www.mymarketingcoach.com), and this is the best decision I could have made. It has saved me not only money but time, and now I know exactly what direction I’m headed and the fastest way to get there.
I like the blog and hope to be back.
May 12th, 2008 at 8:50 am
In some cases I’ve found that if you do enough research beforehand it is very likely that you can find a niche that is both enjoyable to write about and fairly profitable.
With the growing competition on the internet it is a good strategy to basically focus an entire website on a single base keyword phrase, and have every category and post be closely related to this topic.
Doing this helps your website build authority in the eyes of both the search engines and your visitors.
The ultimate tip I can give is closely related to Case’s… make sure the niche you pick to write about is profitable! This is probably more important than choosing a niche based on what you like, because after years of not making any money doing something you like, you won’t feel very satisfied.
Of course, with a little extra time and effort, you can most likely find a happy medium between your interests and money.