Internet Business Blog By Iyabo Oyawale

What Businesses Can I Do On The Internet?

Q:I am convinced there is money to be made online but I don’t know which businesses to do.Can you throw more light on this?

A:There are several businesses you can make money from on the Internet but I will reveal only 7 in this article.

1. ONLINE PAYMENT
Have you ever spotted a product online and you desperately wanted to buy it but couldn’t because you lacked a credit card? If you have that problem, thousands, if not millions, of Nigerian Internet users have it and if you can find a cost effective way of solving this problem, you may well be on your way to making a fortune online. Why? I should know. I’ve been using the Internet since late 2001 and often I’ve had to contend with how to buy stuff online.One site that currently offers this service is www.fastecash.com.It is owned by Nigerian Internet Expert, Mr Sunny Obazu-Ojeagbase.

2. WEB HOSTING
Web hosting is all about providing virtual landed properties for web site owners online. It is a business which involves allocation of space to website owners online
and through which the sites operate.This is a little-known business, the noise all the while has been towards design but the hosting aspect is a gold mine untapped.
Web hosting can be an exciting business start up for a budding entrepreneur. You can be accurately rewarded for it, all you have to do to set up your business is become a hosting reseller, that is, provide hosting faculties to website owners.As a business owner, you are buying space from a big hosting company and distributing the hosting space to other website owners.Resellers are nothing but entrepreneurs acting as middlemen, offering your hosting services by using time and space from another hosting service rather than owning your own. Most of the times, the quality of services offered by resellers are so good that consumers do not ever have the idea that they are dealing with resellers who do not have servers. The good thing is that resellers can pick and choose their servers;they are basically in a position to provide the customers with the best of service.Reseller hosting business can be quite a profit-making venture once you understand nitty gritty of the business. Let us go through them. One can buy around 1000 MB space from a Web host at a cost of $25 (N400) per month. This 1000 MB space that
you now own can in turn be redistributed to site owners who need space for uploading their site. Here, you can give about 25 MB space for around N2000 per month. Which means your monthly income comes to around N80,000.00 when you sell 40 units.Hosts allow you to oversell the space and do not charge you extra unless the actual usage of your account exceeds 1000 MB. It is seen that a typical user uses less than the allotted web space, which means you can double or even triple, your income and make unlimited wealth. And mind you, this income is residual income. It will keep coming to you month after month and year after year. You do the work once … and get paid for it over and over. All you are doing is buying space from a major web hosting company and becoming a reseller host. Your efforts are focused towards selling hosting space and your web host handles the rest. Some of them even handle customer service to your customers for a small fee… which makes it even easier for you.If this is not enough you can earn additional residual income by adding or recruiting more resellers through you. By doing this, you will earn residual commissions on their monthly sales … Isn’t this smart business? The profit margin in the business of reseller hosting is quite good and you can start this exciting business even if you don’t have the required expertise and access to funds for setting up the required Infrastructure. The only important thing to consider with this type of business is to choose a host that has 99.99, if not 100% uptime. There are some hosts that are highly unreliable, beware of them or else, you‘ll lose creditably before your customers when their sites disappear and re-appear.

3. DATING SERVICE
Sex, they say, sells like hot cake and that is why so many dating sites exist. As such,you may not start a general dating site, there are just two many out there, but you can have targeted dating sites… for your state, your religion, etc This is an example of taking a larger niche market, dating, and specializing even moreto find a very tightly focused niche for your business. Online business is not about reaching the largest market. It is about providing the best products and services for a
very narrow easy to reach online site.Nigerian sites currently offering this service are www.datingcycle.com, www.datecereplus.com, www.christiansinglesonline-ng.com. 

4. ONLINE SUPERMARKET
Most people today run very busy schedules. They leave home very early in the morning and don’t return until late at night. This is inclusive of several women who
have to work to fend for their families. As such, they have no time to shop. As a smart online entrepreneur, you can start an online super market where you will sell a
variety of necessities. Don’t limit the number of products to sell. Let your imagination guide you.
You can then charge your customers for delivery at their door. Nigerian sites that currently do this are www.shopforless.com, www.itandtstores.com. You are sure to
hit it big in this business with the right plan and strategy. Yet another site that offers grocery services is www.easyshopeasycook.com. This is targeted mainly towards career women. They supply all the condiments for cooking and even pre-cook some of the ingredients like meat for them. Just let your imagination run wild and you will be able to come up with a money-spinning idea in this area.

5. WEB DESIGNER
The job of a web designer is to simply construct websites. In the US, Web designing is a gold mine but in Nigeria, we are just beginning. Opportunities in web designing have increased in recent times due to the high level of Internet literacy among our populace. Many people and companies now know the importance of having a website and need the services of professional web designers and managers. If you can fit into the bill, I can assure you, you will never so broke as you can make as much as N30,000 designing an ordinary website while designing a professional website can fetch between N80,000 to N200,0000 for you.The best way to start this business is to go for a through training on web Designing.Also, log onto the Internet and go to http://download.com and do a search for web design, several web design programs will come up, master any one you like amongst the lot.The easiest way for you to do this business is for you to design a few templates, which you use for the majority of your work.In other words, put together some basic designs, which seem to work for many sites and basically fill the blanks on them and put in pictures and colours. This will greatly speed up your work and help you to provide a good service for all of your clients.
What you need to know.To succeed in this business, you need to know how to design professional websites,create web graphics / pictures, upload websites to the server, edit and update website contents, as well as register domain names. You also need to know how to submit sites to search engines, create online forms, find reliable web hosts et cetera, et cetera.
.
6.SELLING INFORMATION
Oh! I love this one. Why? You may ask. It is one of the most lucrative ways of making money online but with low start-up costs. In fact, without sounding immodest,
I have made a huge chunk of my money online from selling information. And I believe you can too, if your passion lies in this area. Surprisingly, we all have access to information other people don’t have and are willing to pay for, although we most times do not see any economic value in the information we have at our fingertips but if we are able to package it into a book or something, we would be amazed at the patronage the information would receive from members of the public. So, you have to really search yourself and ask the question: what do I know that others don’t? From this probing, I am sure you can come up with information product ideas that will not only put money into your pocket but can turn you into a millionaire overnight.

Why Is Information the best product to sell Online?
As more and more people move to the World Wide Web seeking their fortunes, the number-one business question of the recent age has become: “What’s the best product to sell online?” The answer is simple: Information. No other type of product is easier to create, faster to bring to market, easier to distribute and potentially more profitable,often offering profits of 1,000 percent or more.

Informational products come in many forms. An info product can be a digital book (an e-book), a digital report or a white paper, a piece of software, a web site or a
newsletter. Any product that’s informational or informative in nature can be considered an info product.

Here’s why information is the best product to sell online:

1) It’s fast to create, fast to market. Forget a product development cycle that’s years in the making. Forget an intense design and costly manufacturing process. I’ve literally created info products in as little as two hours and had them generating revenue shortly thereafter. If you have an appealing topic and a computer, you have all the tools you need to create an info product.

2) There’s no inventory to stock. Forget filling your garage with boxes of cheap watches and cases of megavitamins that you’ll never sell. When you sell information,
there’s no inventory to stock. Your product is digital (I like to call it electronic air) and requires no space in your garage, just a little space on your computer. One of my most successful info products is a 30KB e-book that requires almost no space at all.

3) The start-up costs are low. When you sell information, you can literally create a product for next to nothing. If your product is an e-book, the only investment required is the time it takes to put words to digital paper. And if you become an affiliate marketer of someone else’s info product, your investment can be zero.

4) There’s an automated sales and delivery process. Thanks to Internet technology,you can sell info products 24/7 and never lift a finger. In fact, you don’t even have to be awake or at home to make money with an info product. I know many successful info entrepreneurs who are getting rich despite the fact that they work as little as one hour a day. They check their website and their e-mail, then go play golf or hang with the kids for the rest of the day. You can completely automate the sales and delivery process so your site does everything for you. An automated site can give a potential customer your sales pitch, take the order and process the payment, deliver the product by e-mail, and even follow up in a few days to make sure the customer’s satisfied and offer to sell him additional products.Customers get immediate access or delivery. Online consumers are an impatient lot.They want things now! These are the people who stand in front of the microwave,
impatiently tapping their foot and frowning at their watch. Selling information is the best way to give your customers immediate satisfaction. As mentioned earlier, an automated site can process the order and payment, then immediately e-mail the product’s download link to your customer.

5) There are no shipping and handling charges.Informational products require no shipping and handling—most are delivered by e-mail. In the time it takes you to click your mouse, you can deliver an info product into your customers’ hands.

What topics make for good info products?
Someone once said, “If you can teach people how to feel better, look younger, be thinner, get rich or be more attractive to the opposite sex, the world will beat a path to your door.” And those topics are just the tip of the iceberg.An e-book is no different from its paper cousin, except that it’s meant to be delivered
and read electronically. Topics for e-books are as wide-ranging as regular books. A few recent bestsellers show people how to:
Start an eatery business
Make money in real estate
Make your own beer
Protect yourself against a fraudster
Get the best deal on a used car
Play a better game of golf

Where do you sell info products?
Although some e-book authors go the traditional route and actually sell their e-books on CDs at neighbourhood bookstores, the largest marketplace for digital info products is on the web. At any given moment, there are thousands of info products for sale on eBay, Yahoo! Auctions, specialized e-book seller websites, and even Amazon.com.When marketing your own info product, you can’t wait for customers to find you—you have to bring your product to them. Seek out those who would be interested in what you have to say. If you’ve written an e-book on how to brew your own beer,check out the online forums devoted to the topic of beer. (You might be surprised to find that there are hundreds of forums for beer lovers!).Without posting an obvious ad, which is usually not allowed, offer to send free copies of your book to whoever will take one. Don’t worry about giving them away for free at first. Once your book finds an initial audience, these people will help you sell more books by referring customers to you.I also recommend that you create a website to help sell your e-book. When John Grisham wrote The Firm, he had copies printed up and drove around selling them out of the back of his car. A website is the modern day equivalent of the bookseller’s car
trunk.If you’d like to cash in on the sale of information but don’t think you can write an ebook of your own, never fear. Finding someone to work with you on such a project is easier than you think. There are several ghost writers on the Internet now and for just a few dollars, they can create a high content info product for you and no one would know you did not write the info product if you do not reveal it.Yet another way around your inability to write is to obtain the resale rights to information of other people for a small fee. There are several info product merchants online who are offering resale rights on their products. If the topic of their info-product thrills you, entices you and you feel you have a market for it; you can invest in getting the resale rights and selling the information, as your own. This is a great low – cost business idea!

How to make more money in this business
However, if you can write well and have been able to create an info product or you got a ghost writer to create one or you, you can also sell the resale rights to others, for extra profit. In this age of the Internet, you may also take advantage of the fact that selling information is one of the most profitable endeavours one can pursue online.How much you can make depends entirely on how large the market or your info product is and how aggressively you can market your product. But, I tell you, if you get the formula for selling info products right, you could be on your way to making millions. Still in doubt? Ask some info entrepreneurs you know or do an online search on how much one can make selling information online.

7.ONLINE EMPLOYMENT AGENCY
To know if this business is lucrative, just get a copy of Tuesday Guardian, where scores of vacancies are advertised and which is religiously read by our scores of
jobless graduates. You can set up a site where people looking for jobs can search for jobs and which companies or individuals looking for staff can log on to. This way,
you act as a middleman between those seeking for jobs and those who want staff.You can password-protect your site and make it a member’s only affair. You can
charge every month or every time the person logs on. One site that has perfected this feature is www.jobsearchnigeria.com. It sells scratch cards, which those who want to go on the site buy, to access the site. You can decide to do scratch cards too; the opportunities in this business are limited only by your imagination.

How do you get patrons?
Place adverts in the widely read newspapers, especially Tuesday Guardian, write to companies looking for staff to consider getting people from your database of applicants. Charge applicants to add their details to your database. What you charge the applicants should be different from what you charge the companies. Other.Nigerian sites that currently offer this service are www.lagosjobs.com, www.nigeriancv.com.  You can go through those sites and find out how you can also launch a similar service but I can boldly assure you that there is a very large market for this kind of service.

You have been exposed to so many ideas in this article,please,do something with this information.Just like Nike’s run-off line says,’just do it!’.It doesn’t have to be perfect,it doesn’t have to be superb,just do it and lest I forget,I will see you at the bank!

Popularity: 47% [?]

If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Don't Leave Yet! I have 5 Free Millionaire Ebooks for You.Subscribe Below:

Name:
E-Mail:

Powered by Wordpress | WP Premium theme by WP Remix
Copyright 2007. Internet Business Blog By Iyabo Oyawale. All rights reserved

• Home
• Ask Iyabo!
• My Products