The Internet Business Manual: Start your own dotcom biz - Inside: Discover Internet - Getting site online - eMarketing Secrets - Bring more business

By Zahid Mehmood and Syed Shams Iqhal

Learn how to setup your own dot-com business and earn quick money.

• Language: English
• Publisher: Lulu.com
• Release date: Mar 30, 2011
• ISBN: 9781257288335

Book preview

Shams

CHAPTER 1

SELF AWARENESS OF INTERNET BUSINESSES

Why Self Awareness?

Your first step to building your own Internet business successfully is to be aware of the business opportunities that abound on the Internet and the various business models that can be used as a springboard to launch your business.

In the offline world you know how you are going to start a business – i.e. you register your business, build or rent a factory, employ your staff, buy your materials to make your product, keep stock, market your product, sell your product, deliver your product and finally receive your payments through checks or banker’s letters of credit. However, in the online world, the way that you can conduct business can be radically different from the offline world. You need a paradigm shift in your thinking on the type and how business can be carried out in the borderless online world.

On the Internet, you can successfully conduct businesses that do not require you to have a physical product of your own, or require you to own or rent factory premises, or employ hundreds of staff, or keep stock or physically deliver your product to your customers. You are no longer restricted to selling only your physical product in your restricted geographical location or need to feel inferior to compete with your industry giants like Wal-Mart, IBM, Nike, Sony and other big boys with deep pockets! Once you have set up your web business, your web site can be the store front to the world and placed side by side with the web sites of these giants. Your store front web site has the same opportunity to be visited by people as these giants! Without awareness of the unique opportunities and differences that an online business can offer, you will not be able to fully reap the benefits and earn good income from the web. The purpose of this Chapter or, for that matter this book, is to acquaint you with the awareness of the uniqueness and limitless opportunities that can be gained from conducting business on the Internet. These opportunities are only limited to your imagination!

What Are Your Reasons For Wanting To Start An Internet Business?

In the first place why do you want to go online? Everybody has a reason why they want to go online! Because of the vast opportunities on the Internet, everybody is clamoring for a piece of the online cake. And you are one of them! You have your own reason why you want to go online – that’s why you are willing to invest your time in reading this book!

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1. You’re going online because you have a passion for computer and working on something you love would be like playing – no longer work.

2. Perhaps, you wish to go online because you need an additional income to supplement your paycheck.

3. Or perhaps, you need to reduce your risk in this volatile job market and economic situation by having two sources of income.

4. You have a dream and this looks like the perfect vehicle to realize your dream.

5. Or maybe you just want to work at home and spend more time with your family.

6. Perhaps you are tired of your current situation – your job, your working condition, your boss or just plain bored? And you want a change!

7. Perhaps you want to make a lot of money from the Internet and retire wealthy and early.

8. Perhaps you think there is more meaning to life or think there is a better way to life.

Whatever your reason may be, in order to succeed online, you need to firmly believe that you can succeed and give your total commitment to achieving your goals. If you don’t believe you can succeed online, it is a self-fulfilling prophecy - and you will never make it!

What Are Your Advantages Of Starting An Internet Business?

Even before you start your Internet business, you already have some unfair advantages as compared to a conventional business. You already have a head start! All you need to do is take action on these advantages to get ahead in your life.

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To give you a perspective of the advantages that you already have, I have listed down some of advantages below: Internet is THE biggest and fastest growing market in the world. There are tens of millions of people on the Internet presently searching for information or products to buy or sell and millions more will join the market in the future. You can have an international business right on your computer without having to physically open a shop. Your online web presence is the store front to the world!

You can take your business anywhere with you. You are not tied down to one location. You don’t need expensive office rentals, exorbitant renovations or a lot of employees. You can work alone and operate your business from home. You don’t need to raise high capital or mortgage the house for a loan. Your startup financial need is almost negligible - no loans and no risk. You work less hours. With more time