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Internet Business Ideas 2007 - Report #5 -- Real Life Examples of Internet Business
September 07, 2006
|Hello New Internet Entrepreneur!
Let's look at a few real life examples of how you can put these principles into action ... ranging from the more simple to the more complex.
These examples are taken from real life internet businesses.
Scenario One - Simplicity With a Turnkey Business
Let's say you like the idea of a home based franchise kind of business, where all the product, marketing systems and business plan are already set up for you. You are a positive person who loves talking with people, you enjoy working with and teaching others, you have some leadership ability, and you don't mind enjoying some unique products, and helping others to do the same.
After researching the industry to learn about how to choose a reputable company to represent, you interview several potential network marketing mentors, and you choose a great company and team to work with.
You are promoting on the internet as well as offline, so you use some reputable Network Marketing advertising and training resources. You want to help your new team members get into profit right away, so you recommend an inexpensive business tool that will save them hundreds or even thousands of dollars on their taxes.
When new people join your business they are also looking for advertising, and for help in getting profitable, so many of them choose to use the advertising sources and business tools you recommend.
This pays you referral commissions, resulting in a nice extra income stream with no extra work.
Within a few months you have a growing customer base, several income streams and a few business partners working with you!
Scenario Two - Very Affordable Business
Let's say you're a stay at home mom with very little money to invest in a business ... but you've got an attic full of kids clothes, toys and other stuff that is in great shape but that you don't need. You like to help other moms and you decide to create your own internet auction business! You don't need a website OR advertising, because auction websites have very high traffic on their own.
You set yourself up on EBay and a few other auction sites for a nominal fee, selling children's items.
As you gain knowledge and experience you discover more ways to find items beyond your own attic. You gain confidence in your growing business skills, and before you know it you're having fun and your business is growing!
As you gain experience you research and discover sources for other kind of related products that you enjoy selling, that you can offer on your auction site, so that once your own items have sold, you have an ongoing and growing auction business.
Scenario Three - Create an Income Producing Website
Let's say you love animals! You're not much of a 'people' person and are a bit shy, and really don't like the idea of selling, talking to perople or networking. You want to create an internet website about animals that will eventually turn a profit.
You brainstorm and do some research on the internet and you discover some highly profitable themes ... areas where a lot of people are searching for information, but there aren't a lot of websites to meet that demand yet.
Here are some real life examples of pet related search terms that are in high demand, but there are few websites to meet that demand. The fewer websites already there, the easier for your site to make it to the top of the search engines!
pet finders 11,013 demand (# of searches per month) 472 supply (# of websites fitting that search term)
pet for sale 14,124 demand 699 supply
pet adoptions 22,613 demand 10,765 supply
Based on what you learned, you decide to create a website to help connect pets with pet owners. You will open up your income streams in phases. First you start with links to several affiliate programs.
This process could take 1-3 months to research, write and build your first website so that it's listed high in the search engines.
You use a nifty tool that saves you three months of research time, it does all the technical stuff for you so you don't need to hire a designer or learn HTML or hire search engine specialists and graphic designers. You chose this tool based on documented results and interviews from other successful webmasters.
During this time you choose your affiliate merchants and develop a newsletter or news channel to offer your visitors. It will take several more months for the searchengines to list your website so you start getting traffic. You put some advertising on your site from Google's Adsense Program.
As you go along you learn more about how to create a high quality informational website, how to write effectively, how to 'pre-sell' to convert your visitors to customers, how to build traffic to your website.
After a few months your website traffic is growing and you are starting to bring in some i.ncome from your affiliate merchants. You are more confident of your internet marketing abilities and are enjoying the process.
As your traffic builds, your newsletter subscriber base has grown to over 1000 and now you decide to offer additional advertising in your newsletter. This opens another income stream with very little work on your part.
Now that you've gotten some momentum going, you decide to create your OWN information product about "How to Find the Right Pet for You!"
You first educate yourself by purchasing a manual called Make Your Knowledge Sell which saves you about a year of trial and error research time, and helps you create your product.
You decide it will be an e-book that is delivered online. You build a second website that is a sales website for your product, and link from your informational website to your sales website, and you make sure it's high in the search engines. Your handy web tool helps you to automatically create an affiliate sales force of people who promote your book for you.
Researching and writing this will take you some time, and will result in a unique product you can be proud of for years to come.
Now you are having fun, enjoying meeting other animal lovers all over the world, and enjoying a growing income from your website and multiple income streams!
Later on you might decide to further expand your income potential by creating your own subscription membership website on a profitable niche related to animals. As momentum grows, you may even consider opening a local pet adoption service ... or you might decide to join a Network Marketing company that sells pet nutritional products ... the possibilities are endless!
These are just a few of the endless possibilities open to you on the internet today. Each of us is a beautifully unique and has something special to offer the world. You can find your own special gift and share it with others!
Next and Final Report - How to Get Into Profit Sooner
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