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 "Dang, Jim, you wrote the report I wish I had! This is jam-packed
with the best start-up information a person could have.
Step-by-step info for anyone to start with and build with. Kudos
on an excellent product!"
Regards, Chris Upson
buildupyourbiz.com
[You can get this
product
free by clicking the
gold key at my new
work at home site.]
In today's issue...
"What Kind Of Web Business is Best for You?"
So you want to make money online
and you want to do it quickly. After
all, there's nothing better than rolling out of bed when you
want and firing up the ol' computer to see how much money you
made overnight.
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Before you can get to the part
where you actually make money, you need to decide exactly
what to sell. That's right, in order to make money online you'll
need to sell something, usually a product or service.
Today I'd like to help you decide what that something should be.
After all, there are lots of choices. Unfortunately many of
them lead to a dead end, wasting your time and money in the
process. The following plan will help you avoid all that.
When deciding what to sell online, you need to consider the
three basic online business strategies...
1. Buying and Selling
2. Creating and Selling
3. Selling Existing Products and Services
Each of these three options have successful models and
unsuccessful models. So let's run down each of the options above, starting
with choice number one...
1. Buying and Selling
You could use the
basic retail model, where you sell like a retail store, except
with less overhead than a brick and mortar store. But that's an
expensive endeavor. Perhaps that's why the most common strategy for buying and selling on the
Internet is starting an Ebay business.
In this model, you purchase items, usually at wholesale and then
sell them
at a higher price by auction.
There are two keys to success in this strategy... finding the
right niche and finding the right wholesale sources for products
in that niche.
An eBay type business can be a
lot of work. However, if you like this business model and have your heart
set on trying it, there are still some
opportunities for new players, if you are clever.
Here's an example of what I mean by "clever"...
A couple years ago I met a neighbor of mine who makes his living
buying things locally and selling them on the web. He specializes in
antique furniture and other old items from the New England area.
He spends a few
hours a day visiting flea markets, yard sales and local
auctions. With a knack for spotting deals, he snatches up
anything he considers grossly underpriced then markets it
internationally, via the web.
OK, "market it internationally" may be a bit too fancy of a
description for what he does. Basically, he takes a couple of
snapshots of each item using his digital camera then sells the
items at auction on
ebay.com - the number one meeting place for
buyers and sellers across the world. And believe it or not, he
makes quite a comfortable living doing this.
It works for him because he has a unique selling position. His unique position happens to be
his location. The east coast of North America is a great place to find
many undervalued antiques and other authentic items. He's simply
finding a new home for the items and filling a need at the same time.
After all, where else would someone from say, Australia, find an
authentic New England antique table?
OK, let's hop into choice number two...
(after this important message.)
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2. Creating and Selling
This is the path I chose to make my own living online. (I also
mix in choice three below, buy I'll get to that in a minute.) I
prefer the "creating and selling" strategy above all others, since
I have complete control over exactly what I sell and how much
profit it yields.
I sell information and services.
I create my products and services using my computer and then
mold them into many different marketable formats including print
books, ebooks, software, consulting and advertising services.
If you have, or can research and gather information on a niche
topic, you can make money using this model. For centuries,
people have been making money selling information and related
products and services, and it will continue forever.
It all boils down to helping people save time and money avoiding
learning something the hard way -- through research. Basically,
you do the research and sell the results. The better the
information and services, the higher prices you can demand.
With a global audience online, you
can create and sell just about anything! If there is a market
for it, you can build a business around it. And therein lies the
equation...
Before starting ANY business you must consider carefully, WHO
you will be promoting to. Think hard about the people who might
be interested in what you plan to sell. And beware... if the
answer is "everyone", that's usually a BAD thing.
Identifying a niche market gives you the ability to target ONLY your prospects you
spend FAR less marketing and advertising. So do some market
research BEFORE you start creating your product. I'll list some
good research sites at the end of
this article, that will help you determine if there is a need
for your product.
Finally, let's consider a third angle for those of you who do not
have the time or inclination to "create and sell"...
3. Selling Existing
Products and Services
You can start a new business online selling existing products and
services. You simply earn a commission from each sale you make.
The commissions can be one-time or recurring depending on the
product or service you sell for the merchant.
There are affiliate programs on just about any
niche product or service you can imagine. Whatever niche you
plan to develop your business around, you'll more than likely be
able to find affiliate programs you can join.
And that is the key... choosing a
niche that interests you. Something you enjoy doing or talking
about. You may be surprised to find out that you can make money
in just about any niche imaginable.
Selling existing products and services is not
just for new businesses. It is also a great strategy for
established businesses who want to grow their bottom lines.
When done properly, it can yield income growth of more than 30%
literally overnight. How can I make such a bold statement?
Simple, I've experienced just that, by simply selecting existing
products and services carefully and then introducing them to my
current prospects and customers.
The common thread in all three
strategies...
In case you didn't notice, all three
money making strategies above contained one common component --
proper niche selection.
While you should
choose a niche that interests you, you also need to choose a
niche that can be profitable. To
determine if your niche can be profitable, take a few moments
and visit the following websites. At each site you'll be able to
research what is selling and whether or not your niche could
earn you some cash...
-
Ebay's Pulse lists popular searches as well as most
watched items. You can also search through just about any
category imaginable.
-
Google's Zeitgeist
shows weekly, monthly, and annual trends
based on the millions of searches done at Google's search
engine. Zeitgeist by Country is also available on a monthly
basis.
-
Google Adwords Keyword Tool is
a free tool that gives you reports on keywords and keyword
phrases that you enter into the search box. Statistics show
how many users search for you keyword on Google.
-
WordTracker Free Tool shows you the daily searches being
done on any keyword or keyword phrase.
To your success...
Jim Daniels
P.S.
Before you spend any money on
your new Internet business, grab a copy of my special
work at home report.
I'll even let you bypass the $97
order form.
Just use the
Gold Key at the site, it will bring you right to
the download area.
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