Online Business Ideas - An explanation of Internet industry

The Business Ideas of new age which are generated using Internet. A brief explanation of those ideas has been mentioned here.Starting an online business requires a lot less risk than investing in an office or store front. You can reach a wide national – sometimes international – customer-base and work from anywhere. With only a basic knowledge of website maintenance and a knack for communication, you can have an online business up and running in days. If you're ready to take the plunge into becoming an online entrepreneur, I have mentioned some ideas below to help you get off the ground. Online business or business using the internet is by no means an easy task.

1. Specialized retailer - An online store lets you reach customers all over that world and that means you can afford to specialize. Whether it's mobile phones or books, there's an audience for everything. Using a web hosting service with an integrated shopping cart or e-commerce software, your business will be operational in no time. Many vendors will even ship products to customers on your behalf, which means you don't need to own a lot of inventory. At the forefront of the internet revolution has been e-commerce stores. Nowadays you can get an easy to use, fully functional e-commerce store design for as little as £500; then you just need a domain and hosting. Of course, how much you profit depends on your methods and effectiveness of marketing which might include:

• Print media
• PPC (pay-per-click)
• SEO (search engine optimization)
• Networking
• Event sponsorship
• The list goes on…!

1. Social media consultant - Larger firms can hire an agency or full-time staff member to run their Facebook and Twitter accounts, but small businesses often have to take care of their own social media marketing. With so many other responsibilities, business owners may be too busy or overwhelmed to spend time coming up with a great social media strategy. As a consultant, you can help them determine the best tactics, posting schedules and content for their target audience. As their follower count grows, so will your business.
2. Web design - Have you ever been turned off by a business’s generic-looking website layout? If you know some HTML and have a good eye for design, you can launch a service to create attractive, easy-to-use websites for small businesses. You can put your skills to good use for business owners who want to take their online presence to the next level. Build up a portfolio of work with smaller freelance jobs, then create your own website to show it off and bring in a steady stream of clients.
3. Resume/cover letter writing - It's a tough truth to swallow, but a standout resume and cover letter can make all the difference when you're applying to a job. While listing your career accomplishments might seem like an easy task, the fine art of "humble bragging" eludes some of us. Get hired to help others get hired by writing stellar CVs. Capitalize on the increasingly important social media branding bandwagon and offer to fix LinkedIn profiles as well.
4. Professional freelancer - You might not think of freelancing as a business, but with more and more companies turning to part-time contract workers to fill their skill gaps, it's not hard to imagine making a living providing businesses with a variety of freelance services. Depending on your skill sets, you could work for multiple companies in a variety of fields, offering flexibility

and a refreshing change of pace. According to freelance job listing website freelancer.com, tech services, content creation and web design are popular fields for contract work,

6. Affiliate marketing - If you're a person who loves leaving customer reviews on sites like Amazon, stop doing it for free. Word-of-mouth advertising is still a huge lead generator for many companies, and a lot of them are willing to share a portion of their profit with persuasive individuals that will promote their products to the public. If you have a personal website with a large following, this might be easier to accomplish. Smart Passive Income breaks down three types of affiliate marketing and explains which one is most profitable. Learning how to earn money online as an affiliate isn’t easy. But there are lots of people worldwide that are making over $1,000,000 a year doing it. Most will not be a successful unless they have some formal help and training. Affiliate stores are web stores where people purchase items on a site, but through a third party.

Amazon is one of the most popular affiliate programs in the world, but it really shouldn’t be considering the commissions are so low! It’s not just Amazon that you can affiliate with; there are 1,000 affiliate programs to choose from. Although Amazon can be lucrative, there are some much better options out there, allowing affiliates to earn up to 75% commission in some cases! Work in your own time

• Build multiple sites
• Work in your own time
• Focus on product niches that you have an interest in!

Example

Affilorama is a great resource for anyone looking at starting their journey in affiliate marketing. The email marketer’s best friend is their email list; you have to have an email list! I use Aweber to collect subscribers.

1. Health/nutrition coach - When it comes to nutrition, Americans seem to have a mental block: According to the Centers for Disease Control nearly 70 percent of the adult population is overweight or obese, and many people that want to lose weight and eat better simply don't know where to start. You don't necessarily need to be a registered dietitian (RD) to offer meal plans and diet counseling to your client base, either. With the right combination of personal support and nutrition and exercise knowledge, you could be helping people get healthier through your online service.
2. eBook author – Do you have a ton of knowledge on a particular subject that you want to share with the public? With e-readers becoming more and more common place, self-publication is becoming a reality for many writers who might never get picked up by publishing companies. With the right marketing tools, you could successfully publish your own book on anything from cooking and weight loss to real estate. Inbound Pro’s advice from successful e-Book authors offers tips for writing content that sells.
3. Remote technical support - Many small businesses don't have room in their budget for a full-time IT employee, so when their systems go on the fritz, they'll usually call a computer whiz friend or family member. Eliminate their need to call in a favor and offer immediate remote technical assistance.
4. Virtual consignment store - Bargain hunters and thrift store enthusiasts can turn a nice profit reselling their vintage clothing finds. Brand yourself by setting up an independent website as your virtual storefront, but use a managed service like Google Checkout to handle transactions. High-resolution images and catchy copy for your products will make you stand out in the sea of Internet users trying to sell their used items.
5. Handmade craft seller – These kind of platforms are especially suited to crafters who can produce a steady supply of quality handmade items like crocheted blankets or unique painted glassware. Start up costs are extremely low if you purchase your materials in bulk from a craft supplier, and if you can turn orders around quickly, you’ll be making a profit in no time at all. It’s even possible to turn your store into a full-time gig.

12. Teaching online courses – You don’t need a degree in education to teach people how to do something you know inside and out. According to Fox, online course enrollment on the rise, you can help others enrich their lives by offering classes in an area you’re passionate about, like yoga or baking. Create instructional packets and videos on part time online jobs for download from a website, or schedule real-time Skype lessons with clients.

13. App development – Mobile applications are more popular than ever, and people are willing to pay good money for ways to manage their lives from their SmartPhones. If you have a great idea and happen to know coding, you can run with it and create your app yourself. If you just have an idea, there are plenty of software developers looking to collaborate with people on app creation.

14. Earn Cash From Blogging -- Starting a blog isn’t as hard as you think. All you need is hosting and a domain. To make money online from a blog you need to gain large amounts of traffic from a specific niche. See how I do it here. You can earn money & get paid using:

• AdSense
• Selling banner advertisements
• Affiliating to sites such as Amazon & eBay (see #2)
• Offer premium services or member areas

With over 350,000,000 websites on the internet, there is a huge demand for content. If you have experience or skills relating to writing, offering a blog posting service could be for you. Lower paid projects might start at around £1 per 100 words, with quality focused projects being in the £2.50-10 per 100 words range. Sites like People Per Hour and Elance are great for picking up paid writing gigs, without actually having a website.

1. Become a virtual assistant -- A virtual assistant is a great job to have if you want flexibility. You’ll be able to maintain multiple clients at once which mean you can easily fill gaps in your week or work overtime if you need to. A virtual assistant will generally charge £15-20 depending on the specifics of their job role. Expect to be assisting with tasks such as blogger outreach, product listings, research and responding to emails.
2. Deal in domains -- You’ve heard of antique dealers and even car dealers, but what about dealing in domains? Domains are internet real estate and like real estate they could be considered as an investment. Don’t just buy any domains, spread your risk with a portfolio and make sure you hold out for the highest price possible.

Learning how to connect with the end consumer, rather than other domain dealers, will enable you to get the highest price possible for your domains.

1. Outsource -- How about setting up a business that focuses on outsourcing? Most successful service providers on the internet find that they need external help at some point. They might have a blogging client that requires logo design. They might have a guest posting service client that needs web design. Instead of actually providing the services personally, you could outsource and take a profit margin of your choice! Make sure you learn how to outsource first!
2. Create videos -- UK spend on online video has seen 13.5% year on year growth, and now exceeds spend on TV advertising.? (PriceWaterhouseCoopers) Hundreds of statistics like this have meant that businesses have to produce videos. Well, they don’t have to, but if they don’t, they are going to be missing out. Video platforms are just another avenue to acquire potential consumers. You can offer video packages from £50-5,000 and beyond. Select your target market and market to them effectively.
3. Create valuable resources -- The sites that hold the most value on the web hold the most valuable content. Face Book holds information about what hundreds of millions of users. YouTube possess millions of funny, educational and controversial videos. If you can create a website that focuses on offering valuable resources, then you just might be onto a winner.

Remember, you can offer the premium model mentioned previously if there is no scope to achieve high advertising revenue. You could even be teaching others how to make money online, while doing exactly the same thing for yourself!

This article is written by GauravTandon, a web developer from north India, who hails on online business methodologies.