Tuesday, February 10, 2009

Internet Business

By reklicom

By reading the series, you will have a better understanding what it is about, avoid the mistakes and take the right path to excel.The Advantages (the Pro):Flexible working hours.If you have your day job, young children, household to take care of or study to work at, you are still able to do your home based internet business at your convenient time.Small capital requirement.

Compared to offline business that requires a lot of money to set up, the home based internet business needs only a small capital to start up.Unlimited income potential.Working for others limit your potential to earn money but home based internet business has unlimited income potential. Many people become millionaires in the internet.

We all know that there is no guarantee of success when starting a new business, the statistics on traditional business starts shows that 9 out of every 10 new businesses fail within the first year. My guess is that new internet businesses have an even greater failure rate as the financial entry level is much lower and the take up rate is much higher.

However, an effective web site needs a lot more than this. It should start with a requirements definition that evaluates the real needs of the company and how they can best be served through the web. This should be followed by a careful design and planning stage. The next phase is to build and test the site.

That's a hard question to answer, but there are many pointers to consider when choosing which internet business to select. I will outline the main qualities that make up the most successful internet businesses and which ones that the novice should consider:

Is my site already configured for Search Engine Optimisation(SEO)?Does the company make it clear that I may have to pay to get targeted visitors to my site?Does the company help with getting traffic to the site?How will I get prospects for my products?As well as getting targeted traffic to the site, you will also need to know how to 'sell' your products to prospective customers and to convert visitors to your site into paying customers.

Internet Marketing - converting traffic into sales:The best websites automatically convert targeted visitors into customers, they do this in a number of ways:How good is the sales copy on your new website?If you surfed the site, would you buy its products?What are the products, how much do they cost and what is the profit margin?What methods of conversion are used (static, audio, video etc)?Does the site automatically follow up on enquiries?Do they use autoresponders to automate this process?

Dependence on strong self-drive.Home based internet business requires high self-discipline and self-motivation. Since you have nobody telling you what to achieve daily you need to create your own agenda and target. If you do not have a strong why, you will end up joining the 90% of the people who fail in this business.

Hopefully, this article will point you towards asking the questions that will enable you to make a decision on what your thought process should be when considering a new internet business opportunity.I sincerely wish you all the success in world, because if you choose right, it can really change your life.

The Disadvantages (the Cons)Reliance on high speed internet connection.When you dont have high speed computer and internet connection then you waste so much time in front of the computer waiting for your pages to be displayed. Some remote places still face this kind of problem. - 21151

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