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5 Critical Lessons I Have Learned About Home Based Internet Business Ideas

Home based internet business ideas are all over the internet. There are plenty of people willing to offer advice as well. Here are 5 crucial lessons I have learned the hard way about having a home based business on the internet.

1. Ideas are nothing without action. I see people spend their whole lives searching for the perfect opportunity. I agree you want to be cautious about what you join, but you have to get in the game if you want to play.

The same thing is true when you do join an opportunity. You have to work hard if you want to earn money. Most people underestimate how hard it is to make money online when they first start out.

2. Internet marketing takes skills. Getting traffic to your internet business website is not as easy as it sounds. You have to spend time learning how to do this.

Then you have to be able to convert some of your visitors into customers. There is a learned skill to this as well. You will need to stay up to date because things change quickly on the internet.

3. Social networking can be very helpful. People help people a lot online today. You find these people on Twitter, Facebook, and other social sites.

You also find them in discussion forums where you can ask questions and read existing threads. Avoiding trial and error can save you a lot of time and money. Finding good people to mentor you is smart for your home based business.

4. Mix free and paid advertising. This is the top way to reach the highest number of prospects for your business. Free advertising takes time to work, but can pay off long term for you.

Paid advertising is expensive, but can give you the fastest results. The key is to learn how to do it correctly before you spend all of your budget on one ad. When you do both paid and free advertising you get traffic right away and long term too.

5. Start a blog. Even if you do not like to write you need a blog and can hire a blog writer to write for you. Blogs are a good way to keep your site up to date.

Search engines love blogs and the content for their searchers. These are also a good way to get traffic and repeat traffic to your business. A good blog is humorous, interesting, controversial, and whatever you want it to be.

These are a few critical lessons I have learned about home based internet business ideas. Your ideas are only as good as how you implement them.

How to Easily Brainstorm Home-Based Internet Business Ideas (And Why I Love the Business I’m In)

There’s just so many ideas you can run with if you’re looking for a home-based internet business idea…

This is part of the problem – to get the ball rolling, you need to DECIDE!

Being passionate about something is half the battle of making your business a success. I personally find earning a living from the internet a hugely enjoyable task. And this enjoyment of what I do has been very helpful in my business being successful as it’s hugely motivating. Running a business you don’t enjoy is no fun at all!

Why do I find it so enjoyable, and why do so many other people find having a home-based internet business so much fun?

Firstly — IF you build your business up the right way, it allows you free time when you want it. With your own business… you’re the boss – so you get to choose when you work.

That said. this isn’t true of every type of home-based business — if you’re offering a service where clients expect to be able to get you on the phone, or to meet in person, it becomes less flexible, so do keep that in mind…

However, there’s many home-based internet business possibilities that allow you much more freedom in your day to day life, since most, if not all contact is by email. Quick ideas:

  • Affiliate marketing
  • Information Publishing (selling ‘how to’ information)
  • Running an ecommerce store, where other people or companies are doing the product fulfillment for you

Do keep in mind of course, that an internet business will require technical skills of a sort – at the very least it’s really best if you’re comfortable using a computer!  If you’re not, get comfortable quickly – there’s many training courses for just that…

But do note that if you’re not technically inclined you can either learn the skills as you go, outsource that work, or use services that make running a website a LOT easier, like – Yahoo Store Builder, 1ShoppingCart, Aweber… and there’s many other online services that can make creating and running a website surprisingly easy.

OR – you can partner with somebody who has the skills you lack, or again hire someone quite inexpensively off websites such as ScriptLance.com, Guru.com or Elance.com.

Now, spending a lot of time researching and understanding the market you’re thinking of selling to (you WILL be selling – either a service or a product – ALL business is driven by sales and marketing) is also key to making a success of it. The more you understand who you’re selling to, the more you’ll be able to successfully sell to them.

So what business do I recommend? Well, I can speak with the most experience, about the home-based business I’ve run every day now, for several years:

Information Publishing

I greatly enjoy this business as you are providing valuable information to people – information that people want, information that people are prepared to pay you money for, and that is genuinely beneficial to people. But also gives you a lot of flexibility in your day to day life, rather than being chained to a desk 9 to 5!

With Information Publishing, you can create and sell digital products like eBooks for example, rather than creating and sending out physical products like CDs or DVDs (but that is an option too if you choose – a fulfillment company can automate that for you).

Digitally delivered products like eBooks can be very hands-off, but you or someone else will still have to answer emails. Other than that, once the initial work in creating the product and website has been accomplished, the selling and fulfillment process can be almost automatic.

If this sort of business model appeals then I suggest you browse sites such as ClickBank.com. If you go to ClickBank Marketplace you can see what sort of products are selling well. This will give you an idea of what people are actually buying right now. Such market research can help you choose what niche to focus on and increase your chances of home-business success.

Another site you can visit while doing your research is Flippa.com. This site allows you to see what is happening behind the scenes at many websites – it surprises me actually how certain sites are doing and also how little money some successful looking sites seem to make. Flippa allows you to find this out because it basically works as a marketplace for selling existing websites, with website owners who are selling their sites detailing exactly what’s really happening in their business.

So if you like the sound of information publishing, and would like to put the odds of success in your favor (and actually this applies to almost any home based internet business idea) — you really do not need a business idea that is going to WOW everyone. That is not necessary for making money, even good money.

A much easier path to success is taking an existing idea that is already proven in the marketplace, and either making it slightly different, and preferably better, than what the competition is offering.

Internet Business Ideas – Going From Ideas to Realities

Every year thousands of people venture out to carve a living for themselves with a business on the internet, yet many of these people fail because of lack of resources, commitment, or time. Making money online doesn’t have to be so time consuming or difficult if you focus only on what is important when formulating a money making strategy.

The best way to start an internet business is to take advantage of the marketing tips and training that is available from resources such as internet marketing forums and certain products that focus on beginners with a very simple step by step plan that you can follow. Research is the key to successfully making money online for free. You must research your product, your strategy, and your money making vehicle such as a website or a blog.

Research of your products basically consists of coming up with ideas of products that you think you can sell online. This can even be an existing product that is already selling online. Then you can use the search engines to see what type of search results your product keyword receives. Obviously if there are 100 million websites to compete against you will probably get a lot of customers if you can get your website to number one. Alternatively you might want to make things a bit easier on yourself by choosing a product that has less competition in the search engines. If you feel that the searches for your product keywords are too low you might want to brainstorm some new ideas. Either way you can succeed; more competition just means more time and effort to get to the top of the pack.

Researching your strategy consists of figuring out which ways you will use to drive traffic to your website. Will you try to generate organic traffic from the search engines or will you look to start a pay per click campaign such as Google AdWords. PPC is faster than organic SEO in terms of initial traffic, but organic SEO can cost less and will bring a consistent amount of long term traffic without much cost as long as you pick the right keywords to target the audience for your product. The bottom line is that if you are willing to take the time to grow your business organically you can be successful for a lot less of a budget overall.

Researching your website mainly consists of what content will be on the site itself. What will each page be about and what will they be named. These decisions are based on the keyword research you did when strategizing your marketing campaign. Your goal is to pick keywords and topics that have something to do with the product you are promoting and at the same time choosing phrases people are actually searching for. If you don’t know how to choose these keywords then this is the time to stop and do more research and find out how. I like to call this research within research.

Again, if you are a beginner and are lost when it comes to site design, optimizing your website for the search engines, or keyword search, there are many products on the market that can take you step by step through the entire process in a very short amount of time. You can sit back and watch videos or read from an e-book if you like. These products seem to be money making products, but they are really educational tools designed to help you make money with any product that you choose to sell. In fact this is how most people who start internet businesses learn how to successfully market their own products. They are just moms, dads, old and young people who have the desire to make a living with an internet business idea. The most important step in the research process is to actually dedicate the time to start.