| If you are planning to start a new business in 2005, | | | | interesting thing aboutthis business is your own |
| you shouldseriously consider one of the many Internet | | | | network of acquaintances is also yourpotential |
| based businessesavailable today. The online | | | | customers. |
| businesses have numerous inherentadvantages in | | | | The success of this business will depend on your |
| comparison to their brick and mortar counterparts. | | | | target marketand product that you are going to sell. |
| Investment is relatively small | | | | Choose a very nicheproduct and focus on a specific |
| The basic elements to start an online business are | | | | market segment. For example: |
| thefollowings: a good product or service, an online | | | | Red Sea Rivera of Egypt is increasingly becoming a |
| presence, anda good marketing plan. All these things | | | | primerdestination for many sun worshippers. Try |
| can be done on ashoe-string budget. You won’t | | | | working with severalof the hotels from this area. |
| require more than US$ 2000 tostart any of the | | | | Create package deals and offerto European |
| business described below. In most of thecases, the | | | | customers. |
| investment can be even lower. | | | | Resources |
| Quick to launch | | | | ASTA |
| Once you know, what products or services you are | | | | NACTA |
| going to sell,you can, basically, start your business | | | | OSSN |
| within three to fourweeks. Some of the online | | | | ICTA storeeBay has grown into the largest online |
| businesses don’t even take more thantwo to | | | | marketplace in the world. |
| three days to start. | | | | Entrepreneurs are taking advantage of this. Opening a |
| Large audience | | | | store onthe eBay is fairly easy. However, the |
| Internet is big and it’s getting bigger! Whatever | | | | competition is stiff! |
| business youprefer to start, Internet allows you to tap | | | | There are nearly half a million stores are selling |
| instantly into ahuge number of potential customers, | | | | almostanything you can think off. In order to be |
| which is, virtually,impossible to do with a brick and | | | | successful you haveto choose your products very |
| mortar enterprise. | | | | carefully. The best selling itemson the auction |
| Huge growth potential | | | | marketplace are collectibles, books, computersoftware |
| With the Internet, sky is the limit! If you have a good | | | | and hardware, clothing, home and garden |
| product,service or idea, you can create a dot com | | | | supplies,business supplies, wholesale lots, DVDs, special |
| behemoth over night! | | | | events ticketsand even cars and real estates. If you |
| Smart guys are doing this! Internet success examples | | | | don’t have your ownproducts or you don’t |
| are abound. | | | | want to physically handle a product, youcan consider |
| Work from home | | | | selling drop-ship items. |
| The best thing about online business is you can take | | | | The main reason why you should mull over selling your |
| care of iteven while you are on vacation. No office is | | | | productsthrough eBay is the sheer number of visitors |
| necessary; you workfrom home, if that is what you | | | | eBay gets. By nomeans, an average website can |
| prefer. | | | | bring you so many customers. |
| Less paper work | | | | If you find difficulties doing the auction sales yourself, |
| Since starting for your quotation and purchase orders | | | | youcan also concentrate on seeking out products and |
| to theinvoices and shipment tracking, everything is | | | | selling themthrough eBay drop off stores. You can |
| done online; youhardly have to do any paper work. | | | | also come up with yourown drop off store. |
| Check out an example of howeasy it is to manage | | | | Resources |
| your business processes online at | | | | [ |
| Flexible time schedule | | | | Web service firm |
| No longer have you had to work nine to five! You set | | | | Services required by the Internet users and online |
| your ownschedules. Although, with any new business, | | | | businessesare increasing enormously. The Internet |
| initially, you haveto work very hard, however, the time | | | | service industry isevolving so fast that for their various |
| flexibility allows you todo other important things | | | | requirements, manycompanies, today, prefer |
| whenever it’s necessary. | | | | outsourcing as oppose to doing thingsby hiring |
| There is no limit to Internet business ideas. | | | | employees. |
| Savvyentrepreneurs are constantly coming up with | | | | Large and small companies started to realize that |
| mind-bogglingonline projects and striking rich in no time. | | | | it’s morecost-effective and time-saving to |
| Here I have chosen several of the online businesses | | | | outsource sophisticatedbusiness related services, |
| with greatupward potential with proven success | | | | which are not their core business. |
| history. | | | | This has created a flourishing industry, part of which |
| Selling information | | | | did noteven exist several years ago. |
| If you are asked, what do you do on the Internet most | | | | To be successful in this market you have to know |
| of thetime? The answer, most probably, will be | | | | what’s theodds are. A rush to provide complex |
| searching or retrievinginformation. You are not alone! A | | | | solutions of vast rangethat fail to provide benefits at |
| survey conducted by Neilsen | | | | reasonable costs for businesseswill sure take you out |
| Media Research shows that Books and Information | | | | of business very fast. |
| Category topsthe highest selling product and service | | | | The services that you can provide may include: |
| on the Internet with asignificant margin in comparison to | | | | Website design |
| other categories. Thismakes information a natural | | | | Website promotion |
| product for sale on the Internet. | | | | Online security consulting |
| Information sells online in the formats of e-books, | | | | Resources |
| articles,reports, data, whitepapers etc. If you have | | | | Export Import Business |
| expertise in anyspecific field, you may consider selling | | | | Thanks to the Internet, getting into import export |
| your ideas in one ofthe mentioned format. Check out | | | | business hasnever been easier. As the nations are |
| Clickbank’s marketplace to geta good idea what | | | | accumulating wealth, theirdemand for foreign made |
| people are selling. You will be truly amazedby the | | | | products is also swelling. You can bea part of this |
| scope of ideas! | | | | action too! Whether you are planning to importor |
| Resources | | | | export, Internet resources can be of great help too |
| Travel agency | | | | you. |
| According to Jupitar Research the U.S. online travel | | | | The trade leads site, B2B exchanges and various |
| market hasgrown at a fast pace over the last year, | | | | marketplaceshave made sourcing and selling products |
| totaling $54 billionin 2004, or 23% of travel purchased. | | | | and services globallysimple, effective and inexpensive. |
| The online market isprojected to grow to $91 billion in | | | | You can also create your webstore with many of the |
| 2009, or 33% of travelpurchased. | | | | B2B exchanges and run your businessprocesses |
| Apart from being a soaring market, travel agency is | | | | solely online. |
| also highlyrewarding and satisfactory business. The | | | | |