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7
Reasons To Start Your Own Internet Business
Copyright 2007 by Daniel Moro
Many people dream of firing the boss and starting their
own internet business, working online from home. Is it
really such a good idea? Absolutely, and I should know,
because I have been working online from home for the
past four years.
Here are seven reasons why starting your own internet
business is an excellent idea.
1. Low Start Up Costs
Starting up an online business is inexpensive compared
to starting up a traditional business. You don’t need to
rent office space. You don’t need office furniture for
half a dozen people. In fact, you don’t need those half
a dozen people either. There’ll be no salaries to pay,
no labor insurance to worry about.
With many online businesses you can get started with
just a computer and an internet connection.
2. Good Profit Margins
Most online businesses have high profit margins due to
the low direct cost of sales.
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Sarah's General Info |
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Me
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 61 Friends
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Gender |
Female |
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Location |
East
Worthing,
West
sussex,
United
Kingdom |
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Interests |
Puzzles,
Weight
Loss,
Lotteries,
Jewelry,
Fish,
Teaching,
Photography,
Writing,
Learning,
Poetry,
Family,
Kids,
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Computers,
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Psychology,
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Friends |
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Sierra's
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Industry |
Advertising,
Affiliates,
Networking |
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For example, take
an internet business selling ebooks. The cost of
stocking and delivering the ebooks is almost zero. Web
hosting and a good mailing list management solution will
cost around twenty to thirty dollars every month. And
then you must pay a fairly small percentage of sales
revenue for payment processing fees.
An ebook selling business can usually make a profit of
50-75% on each ebook if selling or referring other
author’s ebooks and as high as 90% profit selling your
own ebooks or other information products that you write.
Other online businesses experience similar profit
margins.
3. Simplified Customer Service
If you’ve ever had to face angry customers across the
counter of a retail store, then you’ll appreciate the
advantage of dealing with customers through the
Internet.
Many potential problems can be avoided by simply
providing clear and detailed information and a good
frequently asked questions section. Any remaining issues
can be dealt with via web forms and email.
So the few angry customers you might, and probably will,
eventually encounter will not be right in your face. You
will have time to gather your thoughts and check into
the situation before you respond. And in the event you
need to arrange any refunds on information products,
you’re not really out of pocket for anything except
perhaps a little of your time.
4. Global Market
An online business is also a great idea because of the
size of the marketplace. It’s world-wide. Your internet
business can easily target customers in almost every
country if you choose to. With more and more people
around the world getting ‘online’ that’s an enormous
market for your business.
5. Work from home
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Do you hate having to
commute to the office every day? Then you’ll love working
online. Instead of spending a good portion of your life
stuck in rush hour traffic, imagine rising in the morning,
reading the newspaper while enjoying your morning coffee,
then simply wandering across the room and turning on your
computer to start work.
One of the nicest things about working at home is you get to
choose your own working environment. After all, your
workspace is where you’ll be spending a lot of your time, so
shouldn’t it be a workspace designed especially with you in
mind? The desk of your dreams. A comfortable chair that your
former office colleagues would kill for. Your favorite music
at the flick off a switch.
6. Flexible Hours
When you are working online, you can choose to work whatever
hours you like. Do you prefer to sleep late and then work
through into the evening, or would you rather start at six
o’clock in the morning and have all your work finished by
two or three o’clock in the afternoon? It’s up to you when
you work and how many hours you work. But don’t be fooled.
Running your own business takes a lot of hours and the
people making fortunes online usually work long hours, at
least during their first two to three years while they are
still building up the business.
Working flexible hours can really improve your quality of
life because you will be able to spend more time with your
family and friends. Never again will you have to miss an
important family event.
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7. Quick to Start up
The seventh reason why working online with an internet
business is a great idea is that you can start up very
quickly. For some simple online business models such as
article marketing and affiliate marketing you can actually
be up and running and earning your first online payments
within a couple of days.
Admittedly, some larger online business ventures will take
months of planning and preparation, but most people getting
started in online business will start out with one of the
simpler, more proven, internet business strategies mentioned
above.
That’s seven great reasons to start your own internet
business. There are certainly many more good reasons, but
perhaps these seven will inspire you to start an online
business of your own.
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