There’s just so many ideas you can run with if you’re looking for a home-based internet business idea…
This is part of the problem – to get the ball rolling, you need to DECIDE!
Being passionate about something is half the battle of making your business a success. I personally find earning a living from the internet a hugely enjoyable task. And this enjoyment of what I do has been very helpful in my business being successful as it’s hugely motivating. Running a business you don’t enjoy is no fun at all!
Why do I find it so enjoyable, and why do so many other people find having a home-based internet business so much fun?
Firstly — IF you build your business up the right way, it allows you free time when you want it. With your own business… you’re the boss – so you get to choose when you work.
That said. this isn’t true of every type of home-based business — if you’re offering a service where clients expect to be able to get you on the phone, or to meet in person, it becomes less flexible, so do keep that in mind…
However, there’s many home-based internet business possibilities that allow you much more freedom in your day to day life, since most, if not all contact is by email. Quick ideas:
- Affiliate marketing
- Information Publishing (selling ‘how to’ information)
- Running an ecommerce store, where other people or companies are doing the product fulfillment for you
Do keep in mind of course, that an internet business will require technical skills of a sort – at the very least it’s really best if you’re comfortable using a computer! If you’re not, get comfortable quickly – there’s many training courses for just that…
But do note that if you’re not technically inclined you can either learn the skills as you go, outsource that work, or use services that make running a website a LOT easier, like – Yahoo Store Builder, 1ShoppingCart, Aweber… and there’s many other online services that can make creating and running a website surprisingly easy.
OR – you can partner with somebody who has the skills you lack, or again hire someone quite inexpensively off websites such as ScriptLance.com, Guru.com or Elance.com.
Now, spending a lot of time researching and understanding the market you’re thinking of selling to (you WILL be selling – either a service or a product – ALL business is driven by sales and marketing) is also key to making a success of it. The more you understand who you’re selling to, the more you’ll be able to successfully sell to them.
So what business do I recommend? Well, I can speak with the most experience, about the home-based business I’ve run every day now, for several years:
I greatly enjoy this business as you are providing valuable information to people – information that people want, information that people are prepared to pay you money for, and that is genuinely beneficial to people. But also gives you a lot of flexibility in your day to day life, rather than being chained to a desk 9 to 5!
With Information Publishing, you can create and sell digital products like eBooks for example, rather than creating and sending out physical products like CDs or DVDs (but that is an option too if you choose – a fulfillment company can automate that for you).
Digitally delivered products like eBooks can be very hands-off, but you or someone else will still have to answer emails. Other than that, once the initial work in creating the product and website has been accomplished, the selling and fulfillment process can be almost automatic.
If this sort of business model appeals then I suggest you browse sites such as ClickBank.com. If you go to ClickBank Marketplace you can see what sort of products are selling well. This will give you an idea of what people are actually buying right now. Such market research can help you choose what niche to focus on and increase your chances of home-business success.
Another site you can visit while doing your research is Flippa.com. This site allows you to see what is happening behind the scenes at many websites – it surprises me actually how certain sites are doing and also how little money some successful looking sites seem to make. Flippa allows you to find this out because it basically works as a marketplace for selling existing websites, with website owners who are selling their sites detailing exactly what’s really happening in their business.
So if you like the sound of information publishing, and would like to put the odds of success in your favor (and actually this applies to almost any home based internet business idea) — you really do not need a business idea that is going to WOW everyone. That is not necessary for making money, even good money.