The very first question you may ask is why the Internet? Well, let me explain to you why this is the most profitable and hassle-free business in this date and age. First, let me show you several facts and figures to elaborate on the great earning potential of Internet business.
Let’s look at the advantages of Internet business.
Potential Growth in Volume
The Internet has been growing so rapidly that it becomes a primary tool for people to look for information! Simple as it might appear!
Some categories of information, such as overweight, male impotence, debt, getting rich, MLM etc., are considered to be so sensitive that people would not discuss with their folks offline. They’d rather go online and search because they know the virtual world will protect their identity and save them from shame. In other words, the Internet is the place for people to look for solutions to their problems. If you know how to target certain groups of people who are willing to spend on those solutions, you’ve made it!
Potential Growth in Value
I want to emphasize that more and more people are spending their money on the Internet. Nielsen reveals that 875 million consumers shop online in 2008 and the trend is increasing rapidly. Now, with the popularity of Internet-connected mobile devices, people can spend money with just a click of a button. According to a study by the University of Oxford, there are more mobile subscribers than toothbrushes. So you can imagine how huge the market is and why you should tap onto this business as soon as possible, before another millions of people come in and make it more difficult to monetize.
Flexibility
The Internet business gives you the flexibility in working. You can choose to work anytime of the day, any day of the year, anywhere you prefer, as long as you have a computer and Internet connection. Your online store is your own 24-hour salesman that continuously works for you even when you sleep.
Scalability
The Internet business is the global business. You can sell to customers in Brazil, South Africa and India etc. without seeing them physically or setting up physical offices in those countries. It gives you a greater base of customer compared to a local business.
Small Start-up Cost
Let’s do some cost analysis to compare an online business startup and a traditional brick-and-mortal business start-up. The table below shows that Internet business is so affordable that even an average person can get started easily. If you want to start-up offline, it would cost you at least 1,000 times more.
More and more people are planning to go online now. So, you’d better start soon so that you can still gain the early-mover advantage in the industry.
Cost of Starting A Business
Traditional business Internet business
Setup cost $300,000 Website setup $200
Rental fee $15,000 Hosting $7
Inventory cost $30,000 Software $20
Labour cost $20,000 Autoresponder $19
Utilities & others $10,000 PLR products $27
TOTAL $375,000 TOTAL $273
If you want to minimize your start-up cost from the table above, you can! Let me give you a couple of examples:
If you are able to design a website yourself, or outsource it to a cheap but quality service provider you will cut your cost down even further. In fact, my very first website was built from a private label right (PLR) template that I purchased for less than $10, and it is now still up and running. You don’t need to invest in an autorespond service at the beginning stage. You can start small, and get it during the latter stage of your business as it grows bigger.
You don’t need to buy PLR products if you can create an information product on your own.
You don’t need a domain name or web hosting if you choose to build your website on a free platform such as Blogger or WordPress.
Small Maintenance Cost
Every month, you don’t have to spend tens of thousands of dollars to maintain your business, just like this:
Monthly Cost of Running A Business
Traditional business Internet business
Rental fee $15,000 Hosting $7
Inventory cost $30,000 App & software $15
Labour cost $20,000 Autoresponder $19
Utilities $10,000 Website $50
Maintenance $2,000 Adwords $100
Marketing $20,000
TOTAL $97,000 TOTAL $191
You can cut cost for your Internet business if your budget is tight. For example, no hosting, no autoresponder, no Google Adwords campaigns etc.
Does it sound good to you? If yes, let’s go straight into the and reveal the secrets right now. Just follow me; I am walking you through the three profit centres that guarantee to generate high returns on investments (by investment, I mean either money or time, or both).
What Is Affiliate Marketing?
Affiliate marketing is simply selling and promoting other people’s products and services in returns to sales commission. This business model has become popular over the past few years and it has created additional sources of income for hundreds of thousands of people around the world. Affiliate marketing creates a win-win-win situation, in which: