Internet Based Business
Starting an internet based business is a venture that can literally be started for pennies and turn into a million dollar operation. Before a person gets too excited about that prospect, though; the amount of work that will go into a million dollar venture will be enormous. So, let's just start with the basics. The definition of an internet based business is one in which there is no brick and mortar building. The business is primarily performed utilizing the internet. There are no traditional employees that come into the office or warehouse and clock in. As a matter of fact, there is no time clock. People get their work done on their honor. Workers are self-motivated. If they do not perform, they do not get paid. If a person underperforms, that person will get paid less. If, in fact, the person overperforms, the reverse is true. There are loads of monetary dividends for work well done.
In a traditional business model, (as opposed to an internet based business) a person would develop a product that they are certain is needed. After testing in the marketplace, they would tweak it according to feedback received from the testing process. Then, there would be a period of limited production. After a certain number of sales and adequate data has been collected, there would be a production schedule and marketing plan developed. On the web, it actually works in reverse. One would begin with the market research. After finding out what the market is looking for, a product or service would be developed. Using the right keywords in targeted content, prospective customers would directly find the products and/or services offered. It is imperative that an individual be dedicated to the sought after goal in an internet based business. Because using precise keywords will make success possible, attention to detail is critical. "When a man hath taken a new wife, he shall not go out to war, neither shall he be charged with any business: but he shall be free at home one year, and shall cheer up his wife which he hath taken." (Deuteronomy 24:5)
Sales are not the only goals for an online business. Sometimes companies are looking for leads. Perhaps the goal is to get people to complete a short information form, get individuals to sign-up for a newsletter, or have people register in an online community. Putting together the right copy is the key. Good content will include the key words and phrases people use to search the internet to find what they are looking for. Knowing what these key words and phrases are is the real challenge. There are an enormous number of tools and a great amount of information available (without charge) to help anyone who really wants to start an internet based business. Using the Google Keyword Tool a person is able to identify, not only keywords that people are searching, but related words and phrases and seasonal data, as well. And to more precisely target website traffic using search engine optimization, a person could use a product offered by both Google and MSN called SEO Book Keyword Tool. The Overture Keyword Selector Tool is a register of the key phrases that are searched in Yahoo from the previous month. These are the most popular and regularly used tools; but they are not the only ones available.
A company or individual would find out which search terms are the most popular in the field or topic area of their product or service. It takes a focused person to go far in an internet based business. Careful study of what pages are returned with these searches, will identify trends that a person could then use to begin to develop pages of content and test what keywords will bring in the traffic. Once ample traffic has been built up, then the call to action is presented. The desired action should be apparent on the content pages. A click here or a sign-up there will bring in sufficient data to make a determination about what product or service will meet the needs of the searchers; or in this case, the prospects. Using this process allows sales to be made before even having a product. The bottom line is that content is king. Content is anything that can be digested on the internet. Words, photos, video, and audio are all considered content. Ezines, newsletters, blogs, and articles are full of content. A good entrepreneur would register for subscriptions of all types of feeds using RSS (Real Simple Syndication) to stay ahead of the competition. YouTube offers video content. One could even utilize photos to display pictures of the work you do through a program called Flickr. In addition to all the tools that are available for the taking, there are many avenues of publicity. There are press release and article websites as well as follow-me tools like Twitter and FriendFeed.
If a person is determined to make a go of an internet based business, one thing is sure the world is wide open. The world-wide web is vast and awesome. Most any venture can be started for pennies. One can start spending money only after money has been made; saving literally thousands of dollars in the process. Basically, the internet levels the playing field in many ways. Since there are no buildings, employees, or offices required; the start-up costs are very low. Your time is used instead of money for payment in-kind. Each day presents a new opportunity to thrive and overcome in an internet based business.
Business Opportunity MlmA business opportunity mlm (multi-level marketing) company can be a great way for an aspiring entrepreneur to launch a new business venture with a comparatively small investment. Many people dream of being the boss of their own company. Others may want to bring additional income into the household without having the set hours of a traditional part-time job. Flexibility is certainly an important benefit of signing up with a multi-level marketing business. It's great to be able to set one's own office hours around family schedules instead of having it dictated by a boss. But that doesn't mean that the mlm venture won't require both time and effort. Legitimate multi-level marketing companies are not get-rich-quick scams, but do provide an opportunity for an individual to gain some control over her income. Flexibility and income are perhaps two of the primary reasons that business opportunity mlm companies have so much appeal to stay-at-home moms. However, many women who work traditional full-time jobs also work part-time at an mlm company. These women may enjoy the extra income or may be slowly building a customer base with plans to eventually go full-time with the mlm company and leave the traditional workplace behind. Many men are also finding multi-level marketing opportunities that provide them with this same type of flexibility and the ability to earn additional income.
Numerous business opportunity mlm options are available to the aspiring entrepreneur. The choices are so overwhelming, it may be difficult to select just the right venture. However, there are some factors to think about that may help the individual to come up with a short list of businesses for further consideration. Certain products may appeal to the person's interests or hobbies. For example, a woman who uses a particular brand of cosmetics may join that company. Not only will she be able to buy the products es at a discount for personal use, but she can also sell the cosmetics to friends and neighbors. Another person may enjoy taking photographs and putting them into creative scrapbooks. Her short list might include companies that sell photo albums, archival quality paper, and scrapbook embellishments. Those with computer skills can look for businesses involving internet services. Other popular choices are companies that sell vitamins and health supplements, jewelry, children's clothes, culinary equipment, and interior decorating items.
Listings of multi-level marketing companies can be found by doing a simple internet search. Once the short list is complete, the next step is to research the individual companies. Many people try to launch new business opportunity mlm ventures, but the failure rate in the first few years is extremely high. Aspiring entrepreneurs should look for companies that have been around for awhile and that have a track record for growth. Above all, the individual wants to avoid any company that is actually a scam. These are usually recognizable because the promotional materials make outrageous claims of a large income for little effort. However, the wisest person who ever lived, King Solomon, once wrote: "He becometh poor that dealeth with a slack hand: but the hand of the diligent maketh rich" (Proverbs 10:4). Diligence can mean the difference between success and failure in whatever one endeavors to accomplish. Legitimate business opportunities, whether multi-level marketing ventures, franchises, or a company one starts from scratch, will require time and effort to reach success. Potential entrepreneurs are also encouraged to check out business opportunity mlmS companies with governmental and consumer protection agencies to see what types of complaints may have made against them.
In addition to checking out the history of the companies on his short list, the aspiring entrepreneur will want to look at the compensation plans. Some of these are straightforward and easy to understand; others are much more complex. From studying the compensation plan, the entrepreneur can determine whether more emphasis is placed on recruiting additional people into the business opportunity mlm company or on actually selling a product or service. The nature of a multi-level marketing company is that an individual receives a commission based on the efforts of his recruits, the recruit's recruits, and so on (often referred to as the person's downline). However, the mlm company should be promoting an actual product or service more than the building of a downline. Perhaps the simplest question to ask is: "Can I make an income even if I don't recruit anyone else?" The answer to that question will say a lot about the company's priorities
Owning a home-based business, even a part-time one, has certain tax considerations. Self-employed individuals do not have an employer to share social security taxes, for example. But there are tax advantages when either a business opportunity mlm venture or other type of company is run out of the individual's home, Expenses associated with the company, such as advertising and travel, are deductible from one's income taxes. Computer equipment and expenses may also be tax-deductible, as well as a percentage of a person's mortgage or rental payment. (Individuals should consult a tax professional for more information on these types of expenses.) Some people may want to start a home-based business for the tax advantages as well as the additional income. A business opportunity mlm is a relatively easy and comparatively inexpensive way to get started, especially if the individual signs up with a well-known and reputable company. The individual immediately benefits from the parent company's advertising efforts and promotional materials. A legitimate multi-level marketing company gives entrepreneurs the materials, resources, and training to reach whatever levels of success are desired.