|Back to Back Issues Page|
Internet Business Ideas 2007 - Report #2 -- Turnkey Business Ideas for Beginners
September 06, 2006
|Hello New Internet Entrepreneur!
There are several different kinds of internet business opportunities. In a nutshell, you can develop your OWN product or service, or you can promote other people's products or services.
Developing your own product or service takes some time, money, energy, and knowledge. The benefit to this kind of business is that you are offering something unique to world that is yours, and you may be able to keep more of the profits.
The challenge to this kind of business is that you are responsible for handling all aspects of the product or service development, fulfillment, distribution, marketing and so on, and it may take you longer to get set up, and to become profitable.
Most business beginners decide to start off promoting other people's products or services at first, and as they gain experience they may later branch off into developing their own.
The benefit to promoting someone else's products is that you don't need to deal with the complexities of product development, manufacturing, legalities, distribution and so on.
The challenge is that you do not have as much control over your business, and your profits will be less in the beginning since you'll receive a portion of each sale you make from the company, rather than the entire amount of the sale.
We will cover BOTH kinds of business in this course, starting from the simpler to more challenging. Please understand that a business that is simpler to start does not guarantee that you will be successful, only that the path to getting the business up and running is quicker.
Which is best for YOU? Only YOU can answer this question, based on your unique gifts and interests.
You'll find many opportunities online for Affiliate Marketing, Direct Sales, and Network Marketing business opportunities. These businessses are quick and easy to start, with little or no investment.
In fact these are so plentiful that it's easy to get overwhelmed looking at the dozens of opportunities to promote all kinds of products and services.
When you are looking into these kind of opportunities, be careful, ask lots of questions, and take your time to investigate the company you would represent thoroughly.
The most important rule in starting a turnkey business is to be VERY selective, and to choose companies that are solid, reliable, and that have something UNIQUE to offer that can be distributed effectively, and simply, through affiliate or person to person marketing.
There are thousands of affiliate and network marketing companies, so choose something unique that doesn't have competition so you can maximize your customer base.
Be sure to check out the company management. You don't want to spend your time, energy, and money promoting a company that will not be in business next year!
A good turnkey business system will automate much of the sales process. Your job is to promote your products (either online or offline) to the right people, and to provide the personal touch by building relationships with those that inquire.
Some, but not all turnkey opportunities require that you use the products you're promoting, so make sure you like the company and it's products!
When you first start out on the internet promoting other people's products, it can be tempting to get involved in a large number of opportunities. This leads to overwhelm and a lack of focus, and hardly ever results in income!
Do NOT over-diversify as you'll be way too scattered. Choose carefully the opportunities that best suit you, that are related to your interests, with companies you trust. Then STICK WITH IT!!! I cannot emphasize enough the value of longevity and persistence!
If you're starting with Affiliate programs, create just ONE affiliate website to start, pick a few excellent quality merchants to recommend, start building your traffic and newsletter list and get that one site profitable. THEN expand.
If you choose a network marketing or Direct Sales business, choose ONE to start with. Focus on getting that profitable first before you expand.
SIMPLICITY is the key, and as you learn and grow you'll be able to expand intelligently and avoid the "information overload" that so often comes with internet business.
If you're completely NEW, but want to start earning income right away, consider starting with a "Turnkey" opportunity FIRST, then expanding as you go. You may or may not enjoy a turnkey kind of business, so explore first before you commit.
Tips for Choosing a Good Affiliate Program
I'm pretty biased when it comes to affiliate programs. I'm an affiliate for about a dozen or so ... but there is one that I recommend above all others, because they have the best training I've ever seen and they provide so much support to affiliates.
Also, they are responsible for those checks I get in every month from my sites! :-)
Yes, I know I did some work too but it is these folks that taught me, and I learned partially through being an affiliate!
The affiliate program is free to join, you will instead invest your money into creating your own website and building an online news channel or newsletter list, or in sharing the products locally with your offline market.
You donít need to worry about transaction processing or shipping, the company does all that and provides you with the resources and tools to get your business up and running quickly and successfully.
This company provides an enormous amount of free training on how to develop a successful affiliate business, and they are one of the few that have tools to help you promote their products offline.
That is why ">I recommend them first as one of the best places to gain valuable experience as an affiliate. They have an abundance tools that you can use to promote their products, all of them free...
And even if you decide after learning more that selling internet products is not your bag ... you will definitely understand more about how to make money with affiliate programs! :-)
Tips for Choosing a Network Marketing Opportunity
Network marketing can be a simple turnkey business for a newcomer. Most teams provide free training, coaching and mentoring so that you can learn how to build your business.
However, understand that network marketing is not for everyone. You need to be a positive and extroverted person. If you're not, building this kind of business will be difficult for you. If you are sensitive, easily hurt, easily discouraged ... then do not get involved with network marketing.It can be a frustrating, disappointing experience to realize that most people who SAY they want to work with you to build a business do not really have the focus, discipline or minset to do so.
New network marketers must contend with friends and family who may not be open to what you're doing.
Another challenge within this industry is that because it is referral based, and operates on word of mouth, some insensitive individuals will abuse their relationships which hurts the reputation of the entire industry.
I've seen some network marketers try to drag every one they know into business with them, leaving a bad taste in the mouth of their loved ones, and tarnishing the reputation of the entire industry.
And then there is the "Amway" experience. You're all excited about your new business and your friend asks with suspicion... "Is this like Amway?"
Sadly, what they usually are asking is based on the reputation developed by a few unscrupulous Amway distributors many years ago, that has persisted to this day. They're usually thinking "will you try and drag me to meetings and sell me motivational tapes and bug me to sign up even when I'm not interested?"
Nobody likes feeling used, and the golden rule of successful network marketing is the same as any other business ...give first, then receive.
Like any arena of business there are many scams online and some of them are network marketing companies. Be sure you check out the legitimacy of ANY network marketing company you are thinking of representing ... thoroughly!!
For more information on network marketing and how to find a legitimate opportunity, visit our network marketing page.
Next Report - No and Low Overhead Businesses
|Back to Back Issues Page|