I think starting any business can be a little intimidating. Whether its a home based business idea or something as simple as starting a website or blog to make money from home, doing the thing your not familiar with can be difficult. Getting started is by far the most important step of completing any task and its no different with starting an Internet business in 2011.
One of the things that bothered me the most when I was a beginner online was knowing what type of business actually makes money online. I mean it’s ridiculous how many different ways you can make money on the Internet, there has to be a million Internet business idea you could choose from.
What is a Good Internet Business to Start?
At first I only had my experience in the traditional business world and that was mostly in just one industry. When I tried to evaluate different business concepts online I was often confused. In the traditional business world it’s pretty clear cut. If your in the service industry, you do the service and get paid. If your in retail, you sell a product and you get paid for it. Online it was difficult for me to determine exactly how and why an Internet business actually made money. I remember what is referred to the “Dot Com Bubble” and I heard that most business on the Internet in the nineties didn’t make money at all. Most of these were large businesses and used public funding and they are in a completely different class that what I’ve ever recommended here as far as the best Internet businesses to start.
Are Internet business ideas different from a traditional business?
I’ll list three Internet businesses that will make money in 2011. While none of them are brand new in 2011, they are all business models that work with the Internet. Online business ideas do the same thing as there off line counter parts, it’s just the logistics are different. In the off line business world location is important, not for the sake of location, but for the sake of traffic (and the right kind). For instance, if you were to open a retail market with meats, beverages, produce and other seasonal items, you would want your business on a busy road in close proximity to a residential area or an existing successful retailer doing a similar (but not the same) business. Online we don’t have roads or building but we do have websites and traffic. Online the traffic is key, both from a viability standpoint and a profitability standpoint.
Internet Business Ideas Must Do This:
All of these 2011 business ideas require the same elements for success which are interest, traffic, and conversion. In order to make any money with an Internet business there has to be an interested customer base who can (and do) get to your website or offer and they need to buy or click or download…. (the conversion)
Most Successful Online Businesses
There really isn’t a “most successful online business”, I mean, you could start a web design business, but if your new online this wouldn’t be a smart choice as it’s a skill based business and the learning curve would be tremendous. You would just be learning how to deliver your product and 2011 would become 2012… See what I mean? Most successful small businesses have to add value and online this happens in a variety of different ways. Here are three online business ideas you could start in 2011 and be earning some money rather quickly, sometimes days, weeks, but certainly within a couple months you’ll be earning some cash. By the way online businesses or home based business ideas in general for that matter have a very low cost of entry and MANY people start a home business because of this one simple reason. Most quit, walk away and say that it’s impossible to have a profitable business on the Internet… And for them, they are right. Stick with, like I did, and you can develop a nice business that you actually enjoy and that makes some money. Here are those 3 internet business ideas, in no particular order:
Affiliate Marketing Business
Starting an affiliate marketing business can be as simple as writing and article… no kidding. There are people who use this method exclusively and do well, I know a couple of them. I’m not suggesting that is the best way to start an affiliate marketing business, but some people do it that way.
What is an affiliate marketing business?
Affiliate marketing can be easily explained as promoting someone elses products. Basically you ( an affiliate ) promote a product of someone who created a product and an affiliate program and you get paid a percentage when someone purchases the product. Affiliate marketing success is achieved through a balance of automating the process of promoting and getting targeted traffic (people interested in the product your promoting)
Want to learn how be successful as an affiliate marketer?
I found this affiliate marketing video training created by Ben Brock. He affiliates with a company like Amazon and he has an approach that is VERY good for beginners. Basically he goes after product specific niches where the competition is low and the payouts high. I wrote an article about Ben Brocks method of making money online. .
Work at Home Jobs
Work at home jobs are a viable business idea in 2011and many people who are just too freaked out about starting a business would rather take it one step at a time and do something that is more reminiscent of a job. One of the top ways to make money on the Internet doing something I would consider a job is to get paid to write.
Another 2011 work at home job is getting paid to take surveys. Be CAREFUL if you think making money on the Internet by taking survey sound good. There are several “shady” resources that don’t do much to actually help you make consistent money. One of the best resources that connects you with cash in hand offers and one of the best paid survey resources is reviewed in a recent blog post written at Making Money Ideas.
Start a Internet Business in 2011
If your here and still reading and you’ve been wanting to create another income stream that will grow over time and turn into a full time income then I encourage you to start an Internet business. Before you grab for your wallet, or make the excuse you don’t have the time or money I want to say something….. I started my Internet business with Zero ($0) dollars and very little time. Basically when I had extra time I would spend time researching how I could actually earn an income on the Internet. I wanted to generate a passive income stream of $3,000 to $5,000 dollars per month and I was willing to do the work necessary to get it done, I wanted it bad. It took me around three years of trying this and that before I found something that worked. Can I tell you how to do what I’ve done? Sure, and I have told a few people, mostly friends and family, but it doesn’t work. I get blank stares…. I’m not a teacher and people need step by step instructions, they need to see results quickly. I don’t have the talent to do these things. That said I do know a very powerful and proven resource that can teach you how to start an Internet business from scratch.
If you have specific question about starting a business or earning money from home on the Internet— I always answer questions in the comments on this website. I wish you all the best and encourage you to take action this year. Make 2011 a great year and a year from now, make sure your looking at something different… Something YOU created!
All The Best