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Date Created: 12/21/15
Presented by Daniel Toriola Internet Entrepreneurship First Step Getting Started By Tony Gosling First steps choosing the business When I was thinking about starting an internet business there were a few things that were must have requirements The first one was that I needed to be able to get the business to profitability for less than 1600 100 In practice each site has cost more than that when you figure in the marketing costs needed to get it off the ground quickly The silk tie retailing site was set up for less than 300 but when you factor in marketing spend then I have spent almost 800 per month on marketing mostly Google Adwords and Overture It is only after month three that l have got close to breaking even Anyway near enough and if you are more patient and make less costly mistakes than me then you should be able to do it for less Secondly The business had to need as little manual work as possible I am after a business that I can start working part time and as am a management consultant and sell my time by the hour for me time really is money I am also not keen on hiring people if I can avoid it The internet has the potential to offer some really virtual businesses and I wanted to use this For this reason as well as startup costs this means that I do not want to stock or handle any products I do a lot of supply chain consulting work so it was obvious to me that I could have a business that used other companies to buy store and deliver the products The easiest way to do this is by using dropshipping Dropshippers are wholesalers that ship individual customer orders direct to your customers There is a lot of information on dropshipping online however it has to be said that there are some terrible dropshipping companies where prices are too high or products too common to successfulull Typical of these is thSelect which charges a fee to join but once you join you find that the prices are often higher than they are being sold for on eBay and are widely sold with lots of competition It is very hard to make good money from these sort of dropshippers There are however some good companies out there with niche products where achievable margins are good The third requirement was that the business needed to have the potential to generate at least 1 k per month in profit That way with a few web businesses it could become my full time job I decided that l was not trying to start the next Amazon instead I was after a good profitable niche Something not too How To Start amp Run An Internet Business Easy stepbystep guide shows how to put your business on the internet P 1 age Presented by Daniel Toriola I competitive and with no household names as competitors This means that l have not gone into electronics even though it is the area I know the best it is a very competitive market online and were competition includes Amazon and Dixons To be successful in electronics you either need to find a niche not served by the big boys or spend serious money to get established I then started searching for business ideas read the get rich quick newsletters internet marketing newsletters internet business forums and drop shipping websites I searched for dropship suppliers then when I found a product that I thought might be promising did a search for it and checked out the competition If after that it still looked interesting then I did a keyword search on Google AdWords to find out how many clicks I could get and at what cost While doing this I came across some sites selling readymade business websites Essentially they provide a shop template a catalogue and a supplier of stock and off you go These sell for between 50 80 and 500 800 I wasted a fair bit of money with a couple of false starts I bid on a lingerie web business template on eBay with a starting price of 99 my wife was a lingerie merchandiser for Marks amp Spencers and so I though she could help then I saw a gadgets website from the same people and thought I would get that and see if I could find a gadgets niche and bid for that too Trouble was I then did some more research and found that lingerie was very competitive online and that the supplier I would be getting had a limited selection of very tarty undies at rather high prices I also found that the gadget supplier was the Select and as l have already said they are overpriced I then found the tie web business and decided this was a better niche where margins really are 60 and bought that one from prUK who have been very good Unfortunately no one else bid on the two on eBay and I ended up winning them although I no longer wanted them 300 wasted Oops So do your homework carefully before buying look carefully at the sample sites and try and find some clues to the suppliers check the competition out and make sure the margins are high enough My name is Tony Gosling and on these pages I am going to share with you my experience in launching and building internet retail businesses Most of this is going to be about the stupid mistakes I have made along the way which should hopefully provide other budding entrepreneurs with some good lessons You can read more at my daily blog which you will find at http3pecialistpaintingstiesbloqspotcom You can also check out my retail businesses woven silk ties at httpwwwtie3pecialistcom and reproduction oil paintings at httpwwwartspecialistcouk How To Make Money Working From Home A practical STEPBYSTEP guide to start making money on the Internet using your computer P 2 age I Presented by Daniel Toriola I Entrepreneurship as Your Passion By Yasmeen AbdurRahman Entrepreneurship as Your Passion by Yasmeen AbdurRahman Entrepreneurship has been my passion for as long as I can commit to memory to learning how to type and that started in 5th grade Strangely enough I wasn t raised around lots of business owners growing up in New Jersey nor surrounded by many businessminded individuals Initially my passion was expressed through the notion that extra money can be made while working a corporate job There are several reasons why people become entrepreneurs to be able to save up for their children 3 college education pay off bills buy a house to have the flexibility of setting their own hours and more importantly to become the boss of their destiny Entrepreneurship as your passion truly opens doors to numerous areas of interests In my mind being an entrepreneur is like flying a plane without a destination meaning it s endless in terms of what you accomplish how successful you become and what truly makes you blissful on a daytoday basis Whether your passion is crocheting sweaters selling ice cream from a truck to running a corporation its all about feeling great at what you re doing and reaching your personal success Your passion is something that you feel comfortable secure and knowledgeable with and its the excitement that keeps you working a 50hour workweek with a smile on your face Its the fulfillment of dodging all the office drama that comes with working the traditional 9 to 5 If you ve had thoughts of becoming your own boss but nervous with taking steps towards entrepreneurship research your passion first by logging on the Internet or go directly to your local library or Barnes amp Noble Don t quit your day job just yet however never allow the unknown to intimidate your dreams Hire a coach to guide you through the process It 3 worth your time money and energy This article was written by Yasmeen AbdurRahman Lifestyle Entrepreneur Coach Owner of The Brownstone Workshop located in Cary NC Contact Yasmeen at 9193196271 or via email at mailtovasmeen033aolcom and go to Yasmeen 3 website for a detailed listing of services and rates httpwwwthebrownstoneworkshopbigstepcom Sign up for a free consultation Start Your Own Food Comb v a downloadable ebook to get you started producing your recipe for sale to the public P 3 age I Presented by Daniel Toriola I Related eBooks Entrepreneurship as Your Passion Entrepreneurship And The Business Environment Youth Entrepreneurship A Disappointing Truth Entrepreneurship Maior Introduced For Secondary Florida Schools Finding Appin Knowledge Solutions Get more Free PDF eBooks at FreePDFeBookscom Related Products Profitable Crafts Vol 4 Sen Ze39s Mini Encvc0pedia of Internet Build Your Own Mail Order Empire How to make Perfect Wines and Spirits from Home Gate Crash into the Interior Design Industry Malamaalcom A genuine resource center for Quality Ebooks and Softwares Powered By FreePDFeBookscom ReBrand this PDF eBook with your Name URL CIickBank Affiliate ID for Free Bilingual Make Money Stepbystep eguide for starting your own translation business P 4 age
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