Welcome friend! You should probably be one who has the desire to start a home based business but confused with all the stuff you meet on the internet. Is this any-one-can-do-it formula going to work for me? What will it cost me to start? Will I really be able to continue? Etc.
It's natural that you get confused when so-many so-called gurus insist you should buy their products to succeed on the internet. Of course you will need to buy products and services. But when you know the business, you know how to avoid bluff. That's what we are going to do now, examining three major online businesses that an individual can get into and be prosperous without making it the next dull-day-job.
First come the two that have some limitations and the last is my favorite one and it's the one that I really recommend you to start with.
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Online Auctions
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You have probably heard of eBay, right? The leader in online auctions! Thousands of people find their living on eBay. You also can start the game with free registration. Once you list an item on eBay, it is open for auction and at the end, the item goes to the person who made the highest bid. There are two main reasons that make online auctions a nice place to newcomers.
(*) Easiness to be a seller
Literally you can sell anything at eBay, new or used, physical or digital. From earrings to real-estates are sold without big registrations. Just compare this with being a seller in local market. How many planning and legal issues will you have to face? Lot of sellers find the merchandise in their attic and some just start with their stamp albums.
(*) Willing-to-buy prospects at doorstep
eBay does all sort of marketing stuff and attract millions of warm prospects to its sites. You just have to present your items smartly coming through the competition of fellow auctioneers.
After the auction is completed, you have to ship the item safely. This makes online auctions best work when you deal with local clients and that's why eBay has separate sites for many countries. And also you should be at least 18 years old to get involved.
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Creating and Selling eBooks
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This can be your very own solid online business. Clear your mind that you don't need a PhD to be a successful ebook author. You just need a comprehensive knowledge on any significant subject. The internet is full with all sorts of info seekers and you will easily be able to locate your niche especially if it is less competitive.
If you find difficulties in brainstorming and writing, rest assured that there are several proven ways to overcome them. After you finished, it's just marketing and if you does it right, you will have to collect the checks that roll into your doorstep, day-by-day, year-after-year. You can follow the same approach for creating software products.
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Affiliate Marketing
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Here is my favorite one. I always wish I had the chance to change the name into "Getting Commissions". After all, that's what lies inside, "selling other peoples products and getting paid commissions". Let me confess that this is better going than anything else for individuals. No product development, no security issues, no big legal issues, no customer care etc.
Usually you just have to make leads to your merchant partners using the links on your web site which contain your unique identification and let them track the leads you send. Affiliate success depends on two main facts.
(*) No of leads you make
It's obvious that higher the number greater the success you can achieve.
(*) Effectiveness of leads
No matter how many leads you make. If they don't buy from your merchants, you won't have any success. That's where you need the expertise and that's why you should be passionate on the subject you choose. You should be able to make your leads trust worthy recommendations.
That's it! Hope you got insights on what can work for you. Of course, there are plenty of schemes that you can use to make money on the internet. But always roots go to these three.
The author Gayanath Jayarathne is the founder of HomeBizPal.com. You can find step-by-step advice on starting and maintaining a home based business at his site: Profitable Home Based Businesses