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Internet Business Ideas 2011

The current state of the economy has everyone questioning the viability of their chosen profession. Many of us have strongly considered taking a second job. Well taking a second job may not be such a terrible idea especially if you could spend as little as 10 hours a week making money online. Here are some internet business ideas in 2011 that could help you find the financial freedom you’re looking for.

Network Marketing

Network marketing is an option that offers you the opportunity to generate extra income regardless of your age experience or current financial situation. You can get involved in the business from the comfort of your own home and develop proven strategies by dedicating a couple hours to it a day. Using the internet to launch your business also is a sure-fire way to get people to approach you to learn more about the business, rather than the other way around. You may have some questions, the following information may be of some assistance.

What is it?

There is no smoke and mirrors here; the name explains it all. Network marketing involves establishing a network of individual representatives to reach customers that you would otherwise not be able to reach using traditional methods.

How does it work?

Network marketing is accomplished by encouraging others to establish and invest in their own business and in turn contribute to yours. You yourself may have a limited network, which is why it is important to recruit others in order to take advantage of their extended networks.

How do I get started?

If you are reading this you have already taken the first step towards your success. Starting an online business is very simple. You must simply, research, develop and execute and you will be reaping the rewards in no time. If you are ready to get started Google “online network marketing business” now.

Affiliate Marketing

Affiliate marketing is an alternative method of making money online legitimately that is just as lucrative. Affiliate marketing is similar in the sense that it offers rewards to affiliates for each customer brought about by the affiliates own marketing efforts. For instance, the “merchant” may have an online store and needs to drive traffic to the site. By establishing an affiliate program affiliates can receive commissions for every customer that is redirected to the site using their advertisement link. Affiliate programs are very good internet business ideas for 2011.

Retail Internet Business Ideas

The Internet business, retail or otherwise, is much like any other brick and mortar business. It requires a saleable product and service, relevant communication to attract customers, and the backend logistics to deliver the goods. Some people still consider the World Wide Web as an easy maze that will lead them to a `pot of gold’. Let’s discuss some key considerations for building a successful retail Internet business.

Research

It is important to know if you have any customers, where they are and how best to convince them to buy from you. Without asking and answering these basic few questions in the beginning, you are taking what is best described as a `shot in the dark’ approach. You may get a hit, but what are the chances? Just because you are selling online, you are not immune to the problems of any other regular retail business enterprise.

A good business idea should be followed through with a detailed business plan that touches upon both long and short term objectives, competitive landscape, market Trends, product USP, risks, opportunities and projected financials. This will also come in handy if you decide to approach a third party or bank for a loan.

Operations

The business of selling is not just about strategy and ideation. It also involves a lot of paperwork and administration, not to mention knowledge of relevant laws. Some resources to get you started include:

1. The Federal Trade Commission:The FTC website offers assistance with Internet marketing laws. One notable law regards taking complete ownership for all messaging that you put on your retail Internet website.

2. Small Business Administration:Check out the SBA (Small Business Administration) website for the location of a local office that can get you started with much needed resources that include beginner courses and mentor support.

3. Internal Revenue Service:Making profit means having to pay taxes. The IRS conducts seminars to help you understand your tax obligations and how to reduce them within the legal framework. A great place to start is the ‘IRS virtual tax workshop.’

Marketing

This is one area where Internet business varies from regular stores. The first thing to understand is that the market place is very vast and the consumer is often more than fickle. Some of the key areas to explore include Search Engine Marketing, Affiliate Programs, Newsletters/Mail and loyalty programs

Lastly, understand your domain advantages and those that are not. An online business means that you can run your shop from your couch, your bed or your bathtub, but it does not mean that you should take a laid-back approach in responding to customers, delay their shipments or take a holiday mid-season. It is best to treat an online retail business as any other store, except for the fact that you don’t have to commute to work and can multitask while you service complaints. You still need a solid business model, a unique competitive advantage and the capacity to put in a lot of hard work.

Best Internet Business Ideas – Sell Other People’s Products Or Services

Do you want to make a lot of money online but do not have a product or service to sell? No worries because with a few days of hard work and a very short learning curve, you can be making money online as an Affiliate in less than a week. This is by far one of the best internet business ideas on the planet.

The concept of affiliate marketing is to focus your business on promoting and selling products and service’s of other people, but on your own web site. You collect a commission for your efforts. If you have 10 different Web sites making $500 a month each, you are making $5,000 a month with no real work outside of attracting people to product or service you are promoting. The actual company selling the product handles all of the actual sales and shipping.

There are companies that offer a $500 to $1,000 commission for sales such as they when selling large programs like martial arts training camps over at theninjacamp.com where you collect 10 to 20 percent of the sales (depending on how many you get each month) and they will even provide you with a Web site template. However most of your commissions will be much lower and focus on quantity.

You can find a lot more companies over at Websites like Clickbank.com, CommissionJunction.com, LinkShare.com, and SharASale.com. Just do some research to find a few that work for you. Start with ones that are easy to get you going. But do not be limited to these sites. If you see a product or service that interests you, then contact the company and tell them that would like to be an affiliate. You might have to set up the process for them or just ask them to join a site like Clickbank.com (if you don’t mind risking the affiliate competition).

A quick way to get started on learning as much as possible in the shortest amount of time is to learn from one of the Webs best affiliate marketers – Rosalind Gardner. Not only does Rosalind have a lot of free information available on the internet, she has also written a few books on the subject of affiliate marketing.