Basic entrepreneur business ideas
powered by the internet
The simplest entrepreneur business ideas and the commerce in general are based in the selling activity. Nowadays this activity has been powered by the internet's communication facilities. Let's see how you can take advantage...
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Internet isn't a magic box, history taught us that already!
Many people still thinks in the internet like a magic box that has the power to make you rich overnight. This way of thinking has only made rich the scammers whom take advantage of this human but naive desire. These people frequently make contact to sell you "insider secrets" or "ultimate formulas" to get rich quick.
Probably the most important event that has demonstrated to the world that the internet is not a magic box and that the "get rich quick" scheme doesn't work was the dot-com bubble's burst in 2000.
Those days companies' strategy according to Wikipedia "relied on harnessing network effects by operating at a sustained net loss to build market share (or mind share). These companies expected that they could build enough brand awareness to charge profitable rates for their services later." In short, many of these companies were spending a lot without making any profit.
That of course wasn't a sustainable model and people who suffered the consequences (retail and institutional investors) were reminded of the economic and commercial laws the hard way.
The internet hasn't changed the economic or commercial laws at all. It simply improved our communications, improved some basic entrepreneur ideas and opened new ones.
So, how could your entrepreneur business ideas can take the advantage of the internet?
The internet (that is not other thing that a net of connected computers) has opened the opportunity to reach your customers more easily and at a lower cost. Also, allows you to establish better relationships with them.
Therefore, to take advantage of the internet potential and boost your entrepreneur business ideas, you'll first have to forget the idea that there's something magical. Then you'll have to understand how the internet works.
As mentioned before, the basic entrepreneur business ideas are based on the simply act to sell something whereas a hard product or a service. Let's review some case studies where people who sell hard products or services use the internet the right way to improve their businesses:
Selling hard goods using the internet
To sell hard goods is one of the oldest entrepreneur business ideas. The idea is simple: produce or buy something and sell it for a profit. But remember there are lot of variables you have to consider as in any business: demand, competition, marketing strategy, etc.
Now, to understand how the internet can be used to boost your sales and how SBI! can help you to do it, please read this page. Take your time and try to understand how you can put the internet potential to work for you. I'll be waiting... here.
Ready? Good. Now, do you want a real case study from an entrepreneur who is already using this strategy? If so, read this:
"The web site has allowed me to seed the market, prove the concept and create incredible buzz among the public who now go into stores demanding the product. This is how I was able to level the playing field and run around the big corporations to get my product to market."
~ Richard Bergman
You can read and learn from his experience here.
Nowadays you don't have to own a factory to produce your own products because you can sell other companies' products. That's a huge relieve don't you think?
Although, you'll soon have to research and learn about product sourcing methods, wholesalers, etc. Why? Because this is crucial to make profits! When I started my first attempts to sell hard products online, this Product Sourcing Video Course helped me a lot to learn about this subject and to avoid costly mistakes, I hope you find it useful too.
Selling services using the internet
This is another classic of the basic entrepreneur business ideas you can use. In this case one of the most important aspects (for me) is the global reach from the internet.
Depending on the kinds of services you offer you can reach a huge quantity of potential customers around the world as well as locally. You can read a more comprehensive explanation here. Take your time, I'll be waiting...
Watch out this testimonial from an entrepreneur who is selling services using the internet:
"My photography website is producing so much work offline it is stopping me from building more sites (which is what I want to do). I have started another which is also starting to take off, and now "work is really getting in the way of work." The beauty about everything I am currently doing, and plan to do for the next few years, is that my efforts will create passive and residual income. I am creating a pension that I can actually pass down to my kids. How many people have one of those?"
~ Nick Stubbs
You can read and learn from his experience here.
Considering the services area is very important, SiteSell (the company behind SBI!) has developed a complete guide to help you to take the most advantage of the internet to sell your services: The Service Sellers Masters Course.
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Take advantage of this tool!, download it, learn it and please apply what you're going to learn because only with action steps (not with entrepreneur business ideas) you'll going to improve your personal finances and reach your goals and dreams.
Ok, now you have begun to learn how to use the internet's potential, you might wondering if there are more opportunities besides the hard goods and service selling models, right?
Of course! There's more potential. In our next article we'll talk about more entrepreneur business ideas.
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