Posts Tagged ‘Business Ideas’

Online Business Ideas

Thursday, April 9th, 2009

What Online Business should I Start, please I need Ideas?

Does that question sound familiar? Of course, that is the question so many folks are asking. The most common request new entrepreneurs make online is suggestion on profitable online business ideas to start. The forums and social network websites are full of such requests . Millions of internet users are searching online for business ideas that they can implement to generate residual income. Online businesses seems to be coping better during this economic recession than the traditional businesses. Well, that is my personal observation, let’s get back to the aim of this post. I intend to share with you some hot online business ideas you can implement.

Starting An Online Business

Online Business Ideas

The beauty of some of these ideas is that they can actually be run as internet home based business. That is not to imply that they are  meant for work at home mummies alone or the unemployed. It will do no harm if you have some extra bucks beside the fixed income from your  paid job. Some of these ideas  can actually be developed into small online businesses that are capable of recruiting staff (that means, you can eventually Fire Your Boss and Hire Yourself Some Staff!). Some of the internet marketers currently making waves online started their business from their homes. Their first staff were members of their immediate family who lend helping hand out of solidarity. You can achieve the same feat! You heard me right, you too can become a successful entrepreneur, an employer of labor.

I’ve come across several internet marketers promising to sell 101 hot ideas on online business or best online business ideas for some dollars. If you are not too lazy to do a little research online yourself, you can do without those packages. I can authoritatively say that you do not need so many internet home business ideas, you only need one good online business idea and the sheer determination to turn your dream to reality. Of course your passion as an individual is what determines the best internet business you should start. I addressed this issue in  a post, The Best Online Business To Start.

I also wish to disabuse your mind from assuming that the only successful online business idea is that of becoming an affiliate marketer or earning peanuts via Google Adsense placed on some crappy website (I don’t mean to be rude, just trying to drive the point home). Beside affiliate marketing and Google Adsense there are other great online business ideas that you can implement as a newbie entrepreneur. My personal policy is to engage in any legitimate online business that will give me residual income. I am careful to only implement ideas that can run as a system without me being tied down. I don’t want another job. I want a business that runs on its own. So, I avoid crazy online business ideas that aims at turning human beings to clicking or surfing robots. Sitting behind a screen and clicking for hours just to generate $5 dollars is a stupid online business idea as far as I’m concerned. Look at it this way, how many clicks will it take for you to generate $100,000 per year? If the answer is mind boggling, then it is a pointer that it is not the right online business strategy for you to implement.

Ok, enough of the ramblings, lets look at some top online business ideas for you to kick start your entrepreneurs journey. They may not be rated as the best online business ideas and opportunities, but you can be rest assured that anyone with access to the internet and a little determination can use any of these ideas to build a home based business or a part-time business that has the potential of recruiting staff in the nearest future. Note, these are not new online business ideas, but they have been tested and proven by veteran internet marketers and webpreneurs.

10 Online Business Ideas

1. Online Secretary – You can offer services as a virtual secretary to busy executives.

2. Online Tutoring / Internet Trainer – Online Tutor and trainers are becoming common.

3. Online Desktop Publishing – A little knowledge of word processing and one or two graphic software will put you into business.

4. Infopreneur – You can package information and sell online to people who need such information. That is what ebooks are all about.

5. Online Consultant – Are you a professional? Expert in a particular field? Turn your years of experience into a money minting machine by providing consultancy online.

6. Online Unique Party Organiser – Hey, some of us are not just good in getting things organized. If you are a good planner, you can offer your service for money.

7. Website Designing – Get in touch with the owner of crappy websites and offer to redesign for them at a cheaper rate. You can get serious jobs if you can package a presentation to convince those entrepreneurs that are yet internet shy to establish an online presence for their business.

8. Internet Researcher – you may not believe it, but some folks consider Googling as too much work. If you love searching for information online like  Shelock Holmes (a freelance detective 😉 ) this business idea will suit you.

9. Online Book-keeping Services – Are you a trained book-keeper or accountant? You can help many folks that are getting into trouble with the Tax Authority as a result of muddled up books. You can employ the use of telephone calls, instant messenger and email to get their transaction details while you prepare a professional book of account for them for a fee.

10. Ebay Seller – Do I need to explain this? You or someone close to you must have bought something from EBay before. Go into your attic and look around, you will be surprised that there are items lying down there that you can sell for some little money on Ebay. By the time you exhaust that, you can go to GrandMa or Friends Attics and help them dispose off (at a profit to yourself) all those old toys, books, magazine, music CD/DVD etc.

This post is getting too long, so I have to stop here. I’m planning to give greater details on how to implement some of the online business ideas mentioned above in my subsequent posts. However, if you love playing Shelock Holmes, you can get information by conducting a little research on any of them using the free search engine, Google! I encourage you to bookmark this page to Delicious so that you can return to it later. You can get the future updates to this post Online Business Ideas by subscribing to my RSS feed. The subscription is free. I look forward to feedback from you through comments. If you need any assistance don’t hesitate to make a request. See you at the top. Cheers.

Incorporate Your Business

Friday, February 20th, 2009

Why should I incorporate my business?

There comes a time when an entrepreneur begins to consider whether or not he should incorporate his business. I will be looking at What Incorporation is, Benefits of Incorporation and reasons people give for not incorporating their business.

What is Incorporation?

It is a legal process by which a business receives a governmental legal permission to operate as a distinct and unique legal individual (entity) different from its owners. The business is thereafter seen as an individual that can own property, earn income, pay taxes, incur liabilities, sue and be sued.

So What Benefit Can I Derive From Incorporating My Business?

Well, there are several benefits that you as an entrepreneur can derive from incorporating your business. I will share seven benefits with you. There are of course several others.

1. Limited Liability

Limiting the liability of an entrepreneur to what he has invested in the business is the major reason why entrepreneurs are encouraged to incorporate their business. Unlike the sole proprietorship, where the business owner assumes all the liability of the company, when a business becomes incorporated, an individual shareholder’s liability is limited to the amount he or she has invested in the company. I listened to a sermon preached by Pastor Ashimolowo during the IGOC 2008 conference. In the course of the sermon he gave a pathetic testimony of an entrepreneur who almost went bankrupt because of one of his business was sued. The business was registered with the Corporate Affairs Commission of Nigeria as a sole-proprietorship business and not incorporated. So when the business was sued, the entrepreneur did not only loose what he invested in that particular business, but his other businesses and also his personal assets. (more…)

7 Mistakes Home Based Online Entrepreneurs Should Avoid

Thursday, December 11th, 2008

That online business is easy to start and cost little capital to kick off does not mean you can just start one and achieve success without proper approach. Just as easy as it is to start, so it is easy to pack-up.  Experts claim that about 90% small scale businesses fail within the first five years. The failure rate for the online home based business is worse. Too many home based online entrepreneurs get confused and frustrated within the first six months and they end up packing-up.

If you are really serious about starting a home based online business and making success of it, then you need to learn from the pitfall of others so that you do not end up like them.

1. No written Goal and Plan

If you don’t know where you are heading to, you will end up arriving nowhere. Starting an online home based business without having a proper written Goal and drawing up a blueprint of how you intend to arrive at the goal is sure road to business failure! If you write out your goal and spend time developing a blueprint you will discover potential pitfalls and hurdles that you are likely to meet on the way. Also, it will be easy to evaluate your progress by comparing result with expectation.

I know you want to ask, is it necessary? Are those stuff not for big entrepreneurs? Well, you want your home-business to be as successful as that being run by those big entrepreneurs, don’t you? If you want to be a successful entrepreneur, then you must think and act like a successful entrepreneur. (more…)

Make Money Online, Promote Local Small Scale Businesses!

Saturday, November 8th, 2008
sucessful online entreprenuer

successful online entrepreneur

Make Money Online, by Promoting Local Small Scale Businesses. You can earn easy money by advertising Small Scale Businesses Online. African Entrepreneurs are not as tech savvy as their counterparts in the developed nations. The only thing some of them know about the internet is that con artists use the internet to defraud people abroad.

In Nigeria an estimated ninety percent or more of small scale businesses conduct their business transactions offline. Searching for their name in Google will produce no result. Many of the Nigerian Entrepreneurs in this category knows next to nothing about the great potential that online advertisement offers.

Hope you are getting the gist. This obvious need for web presence among the local small scale entrepreneurs in Africa is a wonderful opportunity for any online entrepreneur. You can easily package an offer and make presentation to such local entrepreneurs who are only doing their business offline! (more…)

Business Ideas For Nigerians 1

Monday, September 1st, 2008

Are you looking for business ideas for Nigerians? Have you been thinking about what business idea to invest in? Have you been wondering which business idea will give you the best rate of return? Well, I will give you a tip if you will answer the following questions:

  • What is the most traded commodity in this generation?
  • What is the most consumed commodity?
  • What is the most sought after commodity?
  • What is the most valued commodity?

If your answer to those questions is any tangible commodity like crude oil, precious stone or real estate, you are Wrong! The answer is SPECIALIZED INFORMATION! Yes, info-product is the commodity making many guys and gals into millionaires in this generation. Unlike physical commodities, it does not require huge capital to start. Often, you already have all it takes to launch your own info-preneur business. You only need to discover what you have and package it in a way that will make others pay for it. (more…)