Friday, January 30, 2009

Whats The Best Business Opportunity To Start?

Trying to figure out the best business opportunities for 2009 can be a bit tricky. With a more unstable economy, picking the best business to start is crucial. Not to over simplify, but starting a business that requires little to no start up capital might be a good idea in today's economy, and here is why:

Low start up capital means low risk.

If the business opportunity does not pan out, your not out much. Many people opt for business opportunities that are simple and fast. Online businesses, for example can many times be started for free or with very little start up costs. Many people will actually start a group of web sites and in couple months time, have them narrowed down to ones that will be profitable. Selling ads space can be a great business model.

I use this business idea on several of my own sites and it seems productive. Regardless of the business opportunity to start, you'll be adding value. Its important to know what that value is and to whom its being added. For example if your building traffic to sell ad space then the value is for the advertiser. Your ability to attract good traffic for a specific advertiser will determine how much money you can earn. Profitable business opportunities or business ideas are everywhere you can add value.

Building an online business that caters to a specific niche is also a key to starting an online business. You may find it profitable to create a readership or a following and then sell your own products passively on your website. Using the search engines to get traffic can be a cost effective way to get your information to you niche audience and a well designed site is key for getting them to come back.

One of the best business advice ideas I've heard is to build the business around what you want. This means lifestyle. How often do you want to work and how much time are you willing to invest? Do you want to deal with customers, and shipping, and all of the other elements of a traditional business? I know I wanted a business model that would let me choose when I worked. I also wanted to be able to work from home or on a laptop. This site and a few others allows me that freedom.

The best business opportunities in 2009 are going to be the ones that will allow you to fail cheaply. Start a few different business ideas and roll with the ones that make money and inspire you. From my experience, starting several websites and selling ad space is a cool business idea.

Turnkey business opportunities is another good business idea. Many turnkey home based business opportunities will allow a person with little business experience to start making money more quickly than a traditional business and with much less in the way of start up capital. I was introduced to the Internet via a turnkey business opportunity in the personal development field. I liked personal development and was looking for a good way to earn money online. The business I found seemed a good fit so I choose to get started.

I think that is the key. Choose a business opportunity that is a good fit for you and what your looking to accomplish. Online business opportunities and work at home businesses are profitable business models because of low fixed expenses, and the low start up capital requirements. Starting a business online is a great opportunity for a person who does not want to dump 250 thousand dollars in a business they're not sure they want to start in the first place.

There are many free website platforms to start an online business with a website. I think starting a website or blog is one of the best businesses to start. Young people like college students or people who have full time jobs can start a web business and earn extra money. I've found persistence really pays online. Most people start and then give up on their business idea before they really earn any money. Just keep at it.

Finding information online about starting a business is easy. Figuring out which information is credible can be tough. The cool thing about many online entrepreneurs who make money is they are more than willing to share how they have done it. Spend some time researching different money making strategies online. Find something that delivers the results your looking for and go to work.

Remember, most profitable online business ideas are simple. Its about low fixed expenses and low initial start up cost. Affiliate products are a great way to monetize your web traffic and you can find affiliate products for just about any business industry. The bottom line for a successful online business is targeted traffic. You've got to have targeted traffic if your going to make money. Figure out what traffic your after and learn creative ways to build traffic.

Lets here your experience and ideas! What are some good home business opportunities your familiar with?

Saturday, January 10, 2009

Business Ideas For 2009 and Top Opportunities to Start.

Don't you believe that the best opportunities for a successful business are usually right in front of us and get missed because of entrepreneurs looking to force their business idea on the market? The best business ideas for 2009 or 2015 have common characteristics, just like the top commerce ideas twenty years ago do and they start by listening to the consumer!

Most profitable home businesses are just simple and effective solutions to problems in the community. As with a community, the top business to start, will change. New technology ideas bring about smart commerce concepts that can make a lot of money. Its about having a finger on the pulse of change and an eye for spotting a solutions that can be monetised.

Successful business models have as much, if not more, bearing on the success of business idea as the idea itself. Business models of traditional business are proven and have been for decades, to fail 95% of the time, but people continue to follow the herd. Employment and jobs along with other business opportunities change every year and the herd moves to slow to capitalise. The top earning entrepreneurs aren't following the herd and this explains the difference in yearly income among business owners and direct sales opportunity entrepreneurs.

Home based business opportunities are among the leaders in the best business ideas for 2009. Why? I think its back to the business model they use. Many home business operate without any employees. Creating jobs is not the priority of entrepreneurs today. While this has an economic downside, it also has a huge upside. Looking forward entrepreneurs are finding ways to use better people in the right places rather than just throwing people at the growth problem. Many business opportunities that use the Internet are enjoying various ways to automate once costly business processes and are raking in profits because of it.

Most profitable business opportunities are approached as investments that are not only started to create cash flow, but free time as well. Again, automation is key here and software that provides automation is a great business idea right now.

High profit business models are the component that allows the entrepreneur to innovate, create new products and continually strive to solve the most recent problems. Business ideas for 2009 will do this or they won't last and enjoy the opportunity to innovate and evolve.

A business opportunity that has grown and can not longer full fill the businesses main goals are faced with a choice. They can either create an employment opportunity (job) or they can outsource.

Outsourcing is becoming a larger component of successful business concepts and outsourcing is not always a bad thing. It does have a bit of bad name, especially when jobs are outsourced over seas, but keep in mind, there are benefits.

Not all businesses out source their work overseas and many outsourcing instances are actually just a business to business relationship. Many business opportunities that are the most profitable are actually just an employee becoming self employed and taking on a share of responsibly from the company he or she used to work for. Many people like the idea of not punching the time clock and for this reason alone, strike out and become entrepreneurs.

In the past, it was common for someone to say, "I can make better widgets", so they start a business. Among the best business opportunities today, you would find many where the entrepreneur thought, " I know a better way to make the widgets".... See the difference.

Starting a business from one perspective produces one result and from the other perspective, quite a different result. So whats the main difference?

One makes money and the other makes better widgets.

If it sounds like I saying new business ideas aren't concerned with quality products or services, I'm not....

That doesn't fly in our marketplace, at least not for long.

I think businesses, like people and society, continue to evolve. The best opportunities online today will be different than the ones in six months. Whether we are dealing with direct sales opportunities or an online business opportunity, the most lucrative business concepts will still be attached to solving relevant problems or fulfilling pressing needs in 2009 and beyond.

What are you thoughts on the economic outlook for starting a small business this year? We would love to hear what you have to say!

Saturday, January 3, 2009

Evaluating 100k and Up Business Opportunities in 2009

If you've been evaluating home business opportunities or looking for a business to start in 2009, you've likely come across ads that say something like "250k first year potential opportunity". So whats with those ads and those business opportunities, are they for real?

Two years ago I was was looking for a different business. While researching a way to create digital information projects, a came across an opportunity that had a six figure plus first year earnign potential. I didn't realise these income opportunities existed. I figured the "business opportunities" I saw on the Interenet were MLM, and never paid much attention because I knew that in order to make serious money you had to have a team of thousands of people.

How to Business Opportunities Work?

That was my question.

First off earning a six or multiple six figure income, regardless of the method, takes real work. I say that because you won't see it stressed or even pointed out sometimes in the marketing message. I guess its about numbers and people probably wouldn't respond to " Work your Ass Off and Earn 190k" I don't know, what do you think?

It would kind of be like an academic advisor telling a pre-med student that he or she could go to school for 12 years, spend 350k dollars, be allowed to purchase malpractice insurance to the tune of 160 thousand dollars per year, work a lion share of your time, and worry about the people your trying to help suing you.

I doesn't work that way does it?

So what can you expect?

High income business opportunities online will have a group of products or services that are sold to customers or clients. Many times you will choose to be a customer yourself. Most top tier business ideas have what is called an "entry level product", then there are a series of other products that carry better profit margins. Different home based business opportunities will have different products and different profit margins, but usually a first level product should have a profit margin of $500.00 to $1,000.00. This is one of the key elements that separates a home based business from a MLM or multi-level marketing opportunity. Also most home based business opportunities won't require your sharing commissions with an "up line".

How do earn money with a business opportunity?

You make money with a business opportunity when someone purchases a product. Many home business compensation plans in 2009 will reward you, the entrepreneur, for purchasing the products yourself. Lets say the entry level product has a price tag of $1,600 dollars, there may be a profit for the person selling the product of $700.00 or more. I've heard the word "stand alone product" among the at home business entrepreneur crowd, I didn't know what that was, so I asked. A stand alone product is said to be a product that is worth the amount it sells for and not just a inflated price to increase profits. You can check on related products in the field to see how they compare. So earning money with an online business or turnkey home business is a lot like any other small business start up idea, you sell products.

Ever see an ad that says "No Selling"?

So have I. Whats that all about....

The Internet and web based tools allow for a sales process that is much different than many realise and the need for a new entrepreneur to be a great sales person just isn't there. By using the Internet and what is called "attraction marketing" your simply looking for people who are looking for what you have. Many top business opportunities to start in 2009 further automate the sales process via various method like conference calls, web based video and webinars, to name a few. Does that shed some light on the "no selling" headlines you might have seen.

So you don't have to be a top sales person to make money with a business opportunity, what do you have to do?

Most turnkey home business ideas have a system in place that produces predictable results over time. The "do" part of the success equation is following the system. Your role will be a point of contact most likely. You play the role of "sorter". Not everyone who responds to a newspaper or fills out a web form in 2009 will be qualified to start a home-based business. You can save yourself and the other guy a lot of time, money and headaches by sorting instead of cajoling. There will be a process much like a sales process, where you will contact, qualify, forward information and follow up. The main difference is the systems in place smoothly move from one point of the funnel to the next.

Are Home Business Opportunities Simple?

I think so. Following directions or a system is pretty simple, isn't it? I think it winds up being too simple for some and this is a common reason for not doing so well. It tough to not "try to do it better". One recurring theme I've heard an pass on is to "not reinvent the wheel". In other words, if you join a home business venture that has been around for 5 or more years, there is already a track record. They know what works and what doesn't. It pays to listen.

Successful home business opportunities are simple but not easy. Success requires persistence. You'll need to be constant and determined. The thing is, you can do all those things in your career and never be rewarded. In a home business you will be rewarded eventually. As an entrepreneur your playing a different game, a game of results. You won't get paid to "show up" or "put time in", you only get paid for the results you create. Engaging in e-commerce is likely going to be a blend of tradional business approaches and new more automated methods.

What are the Benefits of a starting a business opportunity?

I'd say the top benefits are the possibilities you can create for yourself, and second to that I'd say the association. Having a group of entrepreneurs to mastermind and associate with on a daily basis has been the most refreshing element of the home-based business industry. Coming from a traditional business background, I struggled with this and was keenly aware of "being the competition". Many new home business ideas are designed to compensate you for helping others to realise their success.

The parent company knows it is smart to reward the people who are actively assisting others in becoming successful, because this is how more product is sold.

Another benefit and probably the one that attracts the most people is the opportunity to start a business that is low risk. Most profitable home business opportunities can be started for well under five thousand dollars and don't require much overhead at all. Fixed expenses for my home business are under $200 dollars per month and home business tax deductions well cover that. Finding a good Internet side business to start looks like a good idea when you get into it, and it is!

What is the best business opportunity to start?

The one you feel drawn to start.

Can there really be a "Best" when it comes to a business start up? I think its based on what your interests are what your goals are and why your starting the business in the first place.

I hope this has been of some assistance to the person trying to sort out whats what with the home business opportunity buzz. It just doesn't suffice to say "they are all scams" anymore. Statistics say every 8-11 seconds someone starts a business-opportunity. And I've seen first hand had the type of income that can be generated from a simple home business idea that can be started for less than the cost of a new furnace.

For further information you can fill out the form on this site and I will provide you with the details of the business that I operate from my home office.

Friday, January 2, 2009

Profitable Home Business Ideas To Start Thinking About!

Simple yet profitable home business ideas to start thinking about regardless of where your at with a home business is the topic of this article. These ideas are the most profitable ideas I've learned while promoting a turnkey business opportunity and building a network of profitable websites over the last two years. If you find this article to be useful consider linking to it, leaving a comment, or sharing it in your favorite social networking sites. We appreciate the interaction and always reciprocate when asked. That's one of the first ideas that has been profitable for me personally.

If our not interacting with other online business entrepreneurs then you should start... Doing so is significantly imperative to increasing traffic, creating real value, and developing a long term success strategy. Staying connected with others in related fields is a profitable way to reap the rewards of new technology as well as expand the platform you can utilize to launch future products and promotions, think about it.

Top ways to expand you reach online in a profitable way.

  • Link to useful sites.
  • Review useful articles, blogs, and webmasters.
  • Build or have built a use widget, script, or service.
  • Become an expert in a specific niche.
  • Create a Free E-book that adds value.
  • Give the book away.
  • Source other colleagues in your niche from the book.

These are a few ways you can profitably increase your reach online, drive traffic, generate leads, and increase revenue with increasing expenses. Do them.

Another idea that many new home business entrepreneurs might miss is the importance of OWNING your own platform. That's not to say its not profitable to use the marking platform that you opportunity might provide, but owning your own is smart long term... keep in mind, if you playing the role of marketer and get paid when you attract new clients, then you have to own your marketing or your just promoting someone Else's.

Become an expert in the field you operate in and own your own brand. This includes your own domains, your own advertising channels, and your own websites and blogs. The business opportunity you promote should be able to change at any time, because it may need to at some point. Doing things like link building, SEO, and long term advertising are time consuming and expensive. If your just promoting a second party platform, you have no passivity should you need to move on. Your working for nothing from an asset prospective.

To summarise:

  • Own your marketing platform.
  • Brand yourself.
  • Own your own domains.
  • Don't promote someone Else's marketing.
  • Use a platform provide but use it intelligently as not to loose long term value.
  • Promote your own websites, blogs and other channels that promote the specific opportunity.

Another profitable idea, one that I've largely neglected, is to build an email list of people interested in what you offer. Its the first thing than experts say we should be doing. Over time a good email list that builds passively can become you most valuable asset. I've found it tough to consistently build my list, mainly because of direct approach. I don't join email list. So I don't promote my own. I'm convinced this is flawed and will change that in the up coming year. I suggest you do the same.

Having an email list of 20 thousand people is an asset in that when you see a smart product or service launched, you list can hear about it from you first and possibly purchase, leaving you a cut of the profits. The larger the list the greater the profitability. Starting a monthly newsletter is not a big deal. You can even deliver your most popular blog posts for the month.

Monetizing your website or blog.

In the beginning I didn't concentrate on monetizing my websites because I had no traffic. It takes traffic to earn money. I recommend adding AdSense or other affiliate links when your consistently receiving around 150 visitors per day.

Here is a profitable formula I'm using to monetise my websites:

Concentrate on one site that focusing on the business opportunity you promote. When your consistently are getting 150 or so visitors per month via search and other various ways, start to work on another site or blog that focuses on a different aspect of the same niche. Once it gets to that magic point monetise it via the same methods an repeat.

Another profitable idea that's really nothing new is building relationships with our existing customers, associates and client base. Find out what they need help with and help them. Be accessible and share information that has helped you along the way. Many times you just need to invite them to a conference call or send them a link to a site you've found valuable.

From a practical money spent prospective, some profitable home business ideas include:

  • Watch those monthly prescriptions! They add up don't they?
  • The Internet is full of free, if you can own it for free, own it.
  • Look at your activities, if your using something keep it, if not get rid of it.
  • Eliminate services that overlap.
  • Say no to new "systems" that are simply another revenue stream for someone else.
  • Use free marketing methods that stay up indefinitely. (Article Marketing, Blogs, Hub pages"
  • If you have recurring billing memberships, Analise whether your getting value or not.

I like to access everything that goes out every couple of months so I can be focused on making more come in the rest of the time, this is a profitable idea for me and has been along the way.

Got any other profitable home business ideas to share?