Can you build an online home business without a monetary investment?Written by Craig Binkley
Copyright © 2005 – Born-Again BargainsYou see it all time: Ads such as, “FREE HOME BUSINESS”, “MAKE A PROFIT WITH NO COST TO YOU”, etc. You see these claims in emails and on websites all over Internet. You see them in your local newspaper and in magazines. Are all these ads just a bunch of lies, or can you really build a home business without a monetary investment? I believe answer to this depends on a couple of different factors. 1) Is person seriously trying to build business and, 2) What are resources being used to build it. Let’s look at first factor – YOU! (No, I am not picking on you.) What type of person can build a business without investing any money? He will have to be a self-starter. There will be no boss looking over his shoulder to make sure job is being done. He also must be dedicated and have a strong commitment to succeed. Trying to build a business this way is going to take much time and patience. There may be many hours of sitting in front of a computer submitting websites or placing ads in his immediate future. He must have “stickability”. He must decide what he is going to try to build and stick with it. He can’t be jumping from one “sure thing” to another. The second factor we should look at is resources being used. Building an online business using free resources can be a very time consuming experience. I have read several testimonials from people who have done it, so I know it is possible. Success mainly boils down to this: having time to do research on many free online resources, and then doing necessary work required in putting them to good use. Let’s take a look at a few of these free resources and see if they really work. The Internet offers a wide variety of free resources available to a person trying to build an online business. From free web hosting & html tutorials, to free affiliate programs & advice (some good and some bad). 1) Websites: a) If you are going to have on online business, you are going to need a website. Various companies offer free web hosting. Normally in exchange for this service, you will have to agree to some type of advertising on your site. Many of these sites will also have certain restrictions of what you can and cannot do with your site. b) Many of these same free web-hosting companies will also offer a website builder. These WYSIWYG (What You See Is What You Get) editors are easy to use but are limited in what you can do with them. They do allow you to get a website up and running without learning html. c) HTML: Learning HTML at first will seem almost impossible. What did you think first time you looked at source for a webpage? My first thought was “You’ve got to be kidding!!” Actually, there are many sites on Internet that offer free tutorials that are perfect for beginner. d) Drawbacks: Many free websites are very plain and to be truthful, most people don’t take them serious for a business. Look at it this way: You are given two choices of locations to go out for dinner. The first one is a nice but affordable, sit down restaurant while other is a guy cooking on a hotplate on a street corner where only seat is nearest fire hydrant - which one is going to look more professional to you?
| | How To Create a Profitable Information Product to SellWritten by © Copyright 2005. By Jamie Madison
The product you choose to market is very important. In fact, it could easily make difference between untold success and miserable failure. Here are some specific guidelines to follow that will enable you to find a phenomenal product. Your ideal product should contain some of following elements: 1. It should be useful. This should be something that solves a big problem. For example, it could make overweight people lose weight, or sick people well, or make people wealthy. 2. Your product should have mass appeal. You want your product to be of interest to as many people as possible. For example, you wouldn’t want to sell collectible boxes to vampires. Why not? Because there are not enough vampires in world to make you rich. 3. You should be able to protect your product with a patent, copyright or exclusive agreement. Why, If you are successful with your product, then no one will be able to rip off your product and claim it as their own. 4. Another good element is that your product should be able to be sold for 10 times or more of cost. Assume for a minute that your product cost you $1.00 to produce, you can easily sell it for $10.00 or more. 5. Your product should also be fast and easy to produce. The above criteria are guidelines for an ideal product. Now here is what I consider very, very best product! INFORMATION! Why information? There are so many excellent reasons why. The one I like in particularly is that it fits above guidelines so well. Information can appeal to a very large audience. For example, a special eReport or eBook can show you how to lose weight, how to golf like a pro, or how to make inexpensive and delicious meals. It can even show you how to make money (smile). How many people do you think would be interested in making money? And how many millions of people do you think would pay for a legitimate way to lose weight? Information can be protected with a copyright (which is simple and inexpensive to obtain). This gives you exclusivity. As mentioned earlier, you can easily sell information for 10 times or more what it costs you to produce. It’s simple and easy to do. Information is fast and easy to put together. To do this, you have 4 options Option Number 1: You can put information together yourself. Option Number 2: You can use information found in Public Domain Option Number 3: Hire a freelance writer, to prepare your information inexpensively.
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