Ok we’re all still feeling the effects of the global meltdown; companies that were rock solid are now going or are out of business.
People are still losing their jobs every single day and peoples stress is at an all time high and all of this is to say the least, not very reassuring.
However, despite all of this turmoil going on this is the perfect time to start an online business.
What! Are you nuts?
Many have said so. However the same people that are calling me nuts are still working for someone else hoping the company they work for will be there next week with their paycheck.
Where I’m not worried about a thing, in fact business is booming online for me.
Because of these economic times, more and more people are using the internet to find products and services, find bargains, better their skills, searching for ways to make money and so much more.
The next few years could be the biggest years for your business to grow. Understand there are millions and millions of people that still have money to spend.
However, here’s the rub, you cannot procrastinate, if you wait to long this opportunity will fly right pass you so you need to do some careful planning.
If you have been tossing around the idea of starting a business online here are three ideas to get you started:
1) You can sell a service.
You can sell your service locally or via the internet. Simply think of what you’re really good at and then build a website around the service you offer.
I have seen website that sell services from resume writing to concrete application- no matter what you’re doing right now you can be selling it online.
2) Sell a downloadable electronic product.
I love electronic products because there is no shipping or stocking involved. Once you’ve created it, you can sell you product online over and over again at no additional cost to yourself.
One of the top electronic products sold online is eBooks. Kindle sales are booming – did you know that Kindle sales have overtaken print sales on Amazon?
Right now people are making quite fortunes selling just Kindle books. Everyone is good at something and everyone has knowledge of something other’s don’t. Write your ebook and sell it to a niche market for the maximum profit potential.
3) You become an affiliate marketer.
As an affiliate, you’ll be selling someone else’s product for a percentage of the sale. It’s a risk-free way to make money online and it will cost you nothing to get started. And it has the lowest threshold for getting started online.
All you have to do is sell the product.
You don’t have to worry about stocking, shipping, taking payments, customer service, web sites or anything else they, and I mean the affiliate program you are representing take care of the rest.
Here’s a little tip for you aspiring affiliates. Choose affiliate programs that have future payments, such as membership or subscription sites. This way you can build a nice passive income.
For example E-Harmony the dating site, it costs members a monthly fee to belong, if you choose to become an affiliate for them you would get a monthly commission for every member you referred that stayed on as a member of e-harmony.
This can add up to a huge monthly income very fast. To find affiliate programs that offer recurring commissions go to affiliate networks such as Commission Junction or Click Bank. CJ’s affiliate network has 1000’s of physical products whereas Clickbank has only digital products.
These are just three ideas to get you going, there are many more.
No one should be at the mercy of someone else to live the life they want to live, but unfortunately, because of these tough economic times many people are. However, it does not have to be that way.
This can be a great year.
Think of your passion, things you like to do, even your hobby and turn that into a way to start your own online business. Moreover, never worry again that someone else determines if you have a paycheck or not.
NOTE: If you need mentoring and coaching about starting your online business I recommend the Wealthy Affiliate. Here you’ll get all the training and coaching you need to build a successful online business and it’s all free.
This is where you’ll find me as well as some of the most successful online marketers helping people from all walks of life get their online businesses off the ground.
I believe in you!