Hot Business Ideas for 2005 and 2006
Submitted by: John Lee
WorldWideReviews
http://moneyemployment.worldwidereviews.com/HotBusinesses.htm
From online auctions to pets, personal trainers to search
engine consultants, these seemingly unrelated business ideas
have one thing in common: They are among the hottest small
business areas in 2005.
For someone wishing to build an exciting one person/family
operation with little up-front money, there's been no better
year than 2005.
Online Affiliate Marketing
Did you know that big companies such as SONY, Gateway, Weight
Watchers and Amazon.com will pay you for promoting their
products? If not, then welcome to the exciting world of
affiliate marketing.
A little while ago these brand-name companies, and thousands
like them, discovered that they could greatly increase their
corporate earnings by paying a commission to people
("affiliates") who direct customers to their sites. When a
customer buys a popular item from one of these sites the company
pays the affiliate (you) a commission. These commissions can go
as high as 50% - 75% of the actual sale. The commissions are
high because the numbers of sales are greatly increased. The
companies have enlisted the online community as their sales
representatives.
In 2004 this business exploded. Entire networks sprang up solely
to administer these company's affiliate programs and commission
payments. People were making so much money that tax ids had to
be captured to appease the IRS. As big as this was in 2004, all
projections have 2005 being much bigger as more and more
companies get involved.
The startup costs for this business is the price of a home
computer and an Internet connection. Since many people already
have these items, this is an especially attractive side job or
career for the "work at home" crowd. All the information to
start this type of business can be found by searching for and
reading the many available documents. Alternatively, there are
some very good resources available that have compiled the pages
and pages of pertinent information into a "how to" guide.
One of the most challenging aspects of this business is how to
advertise these companies and their products. There are many
ways to do this, but the idea should be to get as many people as
possible to the company's sites. The more people you get to a
company's site, the more sales you will generate, and that
translates to commissions. Again, a clever entrepreneur will be
able to find a lot of options by reading whatever they can find
on the Internet. If you're strapped for time because you already
work full-time or are busy with kids, you can get tips on how to
place free ads from several sources. Guides exist that can show
you how to place up to 200 million ads online for free. There's
nothing like free advertising.
If you don't mind working largely by yourself, then online
affiliate marketing could be the hot job for you in 2005.
Online Auctions - eBay
One business area that has so far been "recession-proof" is the
huge online-auction marketplace. And in this land eBay is the
undisputed King-Kong.
At the end of 2003, eBay boasted 95 million registered users who
traded almost $24 billion in goods. With numbers like these it's
easy to see why so many entrepreneurs are setting up shop on
eBay.
Perhaps it was put best by Janiece Smith in her remarkable eBay
book How an Overworked, Traveling, Soggy Sandwich Eating Dental
Hygienist Made $11,212 a Month Online. Says Smith, "Where else
can you start a business with virtually no money, and have
access to 86 million+ proven buyers right from your own home?".
Smith continues, "You can work as much as you want, whenever you
want, from any location, all the time generating cash profits 24
hours a day".
Apparently Janiece is not the only one who sees eBay as a cash
cow, as many people are turning to this online juggernaut as an
easy way to make extra money. In fact, an ever-growing number of
people have jettisoned their regular job and are now supporting
themselves entirely from their eBay business (400,000 according
to Meg Whitman, CEO of eBay).
It's been estimated by some that eBay will continue to grow
25%-35% per year for the foreseeable future, making this
business hot not only for 2005, but for many years to come.
Search Engine Optimization
Is your business really online if nobody knows you're there?
Companies have been finding out that they can spend a million
dollars on their website, but if it's not visible, it's worth
nothing. That's why search engine optimization has become
crucial for companies to survive online. And since few of these
companies have the in-house expertise to do it themselves,
search engine optimization consultants, or SEO consultants as
they are known in the industry, have become virtually
indispensible.
Almost 85% of people online use search engines, according to
several marketing services. And CEOs want to ensure that these
people are able to see their company's listing. This can only be
done using search engine optimizers which provide the algorithms
and technology to increase a site's visibility.
Today, an SEO consultant, armed with a search engine
optimization software package can command top-dollar for their
services. This is because the up front consulting cost is easily
recouped by the increase in sales due to higher online
visibility.
And as a final indication of how hot the search engine
optimization field is, there are places where you can get a
complete Web Site Promotion Business Plan that explains
step-by-step how to setup and run one of these companies.
This is one of those rare times where one can witness a niche
industry going supernova.
Dog Obedience Trainer
Pets have become an integral part of the family. In fact, many
pet owners consider their dog or cat like a child or family
member. This helps explain why the pet business is now a
multi-billion dollar industry.
How popular are pets? Well, new figures just released from the
American Pet Products Manufacturers Association (APPMA) show
that pet ownership is currently at its highest level, with 63
percent of all U.S. households owning a pet. Americans own
approximately 73 million dogs and 90 million cats.
There are many areas where people are tapping part of that
multi-billion dollar revenue. Areas such as pet gifts, parties,
travel accessories, nutrition, health insurance, dental products
and toys are all very popular. However one niche area has
clearly become a hit with dog owners ... Dog Obedience Trainer.
Dog training schools are generally quite expensive, so many
owners are turning instead to private obedience trainers. This
works well for the owner since in most cases the trainer will
work with the dog at owner's home. As a dog obedience trainer
you would be expected to stop the dog from fighting with other
dogs, curb aggressiveness, stop the dog from jumping on people,
etc.
Daniel Stevens, a professional dog trainer and author of some
excellent books, says "You don't need some 12-week dog obedience
training plan where you do almost the same thing each week. This
is not the most effective way of training your dog because your
dog switches out of learning mode".
What makes this an especially attractive career choice is the
minimal upfront expenditure required. All a person needs to
start this business is a knowledge of current dog training
techniques. This is easily attainable by studying one of several
books on the subject.
Advertising for your new business could be as simple has hanging
home made flyers on supermarket bulletin boards or leaving cards
at local veterinarians, groomers and pet stores. You could also
opt to get a complete Business Plan that explains step-by-step
how to setup and run one of these businesses.
A true opportunity for a pet lover in 2005
Nutritionst, Personal Trainer
With millions of people eager to lose weight and get in shape, a
nutritionist and personal trainer is one of the fastest growing
fields in the health and fitness industry today.
It used to be that only athletes used nutritionsts and personal
trainers to help them reach the top of their sport. Today
however, all types of people - from the young to senior citizens
- are using these consultants to help them learn how to lose
weight, excercise and eat right.
With the escalating costs of health care insurance, many
employers are now making employees pick up a greater share of
their premiums, and offering discounts to those who are in good
shape and at their ideal weight. All of this means more and more
people are seeking out nutritionsts and personal trainers to
help them achieve their goals.
Someone wishing to start a business in this sizzling industry
has to be knowledgeable about eating right and excercising
properly. There are classes you can take to learn this
information, but expect to pay several thousand dollars in
tuition fees. This makes this business more costly to start than
some of the others mentioned in this article. You could also
teach yourself this information by reviewing of one several
resources for this industry.
With an ever-aging population growing larger everyday, this is a
business that should be hot well past 2005
For more information or resources pertaining to this
article, please visit WorldWideReviews Business Ideas at
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