If you are planning to start a new business in 2005, you should seriously consider one of
many Internet based businesses available today. The online businesses have numerous inherent advantages in comparison to their brick and mortar counterparts. Investment is relatively small The basic elements to start an online business are followings: a good product or service, an online presence, and a good marketing plan. All these things can be done on a shoe-string budget. You won’t require more than US$ 2000 to start any of business described below. In most of cases, investment can be even lower. Quick to launch Once you know, what products or services you are going to sell, you can, basically, start your business within three to four weeks. Some of online businesses don’t even take more than two to three days to start.
Large audience Internet is big and it’s getting bigger! Whatever business you prefer to start, Internet allows you to tap instantly into a huge number of potential customers, which is, virtually, impossible to do with a brick and mortar enterprise.
Huge growth potential With Internet, sky is limit! If you have a good product, service or idea, you can create a dot com behemoth over night! Smart guys are doing this! Internet success examples are abound.
Work from home The best thing about online business is you can take care of it even while you are on vacation. No office is necessary; you work from home, if that is what you prefer.
Less paper work Since starting for your quotation and purchase orders to invoices and shipment tracking, everything is done online; you hardly have to do any paper work. Check out an example of how easy it is to manage your business processes online at http://www.rusbiz.com/deal_manage.html
Flexible time schedule No longer have you had to work nine to five! You set your own schedules. Although, with any new business, initially, you have to work very hard, however, time flexibility allows you to do other important things whenever it’s necessary.
There is no limit to Internet business ideas. Savvy entrepreneurs are constantly coming up with mind-boggling online projects and striking rich in no time.
Here I have chosen several of online businesses with great upward potential with proven success history.
Selling information
If you are asked, what do you do on Internet most of time? The answer, most probably, will be searching or retrieving information. You are not alone! A survey conducted by Neilsen Media Research shows that Books and Information Category tops highest selling product and service on Internet with a significant margin in comparison to other categories. This makes information a natural product for sale on Internet. Information sells online in formats of e-books, articles, reports, data, whitepapers etc. If you have expertise in any specific field, you may consider selling your ideas in one of mentioned format. Check out Clickbank’s marketplace to get a good idea what people are selling. You will be truly amazed by scope of ideas!
Resources
http://www.clickbank.com http://ezine.rusbiz.com/article/13.htm
Travel agency
According to Jupitar Research U.S. online travel market has grown at a fast pace over last year, totaling $54 billion in 2004, or 23% of travel purchased. The online market is projected to grow to $91 billion in 2009, or 33% of travel purchased.
Apart from being a soaring market, travel agency is also highly rewarding and satisfactory business. The interesting thing about this business is your own network of acquaintances is also your potential customers.
