Top Internet Businesses - Online Business Ideas For The Starting Entrepreneur

By dave of mrorigano.com | January 22, 2008

This article is aimed to give you an overview of the many types of online businesses you can start. It goes over ideas for what to sell and in what form to sell it. These business models and internet business ideas are all proven by many, many others. But beware, every idea is only a dream until action is being taken.

Let’s start with the basics on what to sell. We can break this up into three categories: information (or ideas), products and services. Every item has it’s positive and negative points, so let’s go over them in detail. 

1. Information

The sale of an idea, thought or dream has been a hard one for many years. But since the mainstream has covered it as a way to get rich quickly, thru licensing, financing, investing and many other means - it has been accepted. All around the world people are constantly looking for information. It’s a market with supply and demand.

Information can be hard to sell since it isn’t tangible. You can’t create the perceived value the way you can with a physical product or a service with certain features. The idea is a concept of the mind and can be put on (digital) paper, but since only the original inventor conceives the whole idea - one will always fail to buy the idea and implement it in detail.

From a vendor-side it’s a great thing to sell. Once you’ve transfered the copyright and other documents to the customer, you don’t have any more work on it. There’s also a way to make recurring money on this deal by selling your time and expertise to the buyer - for more assistance in the time he takes to use or implement the idea. (This is the sale of a service)

2. Products

There are two kinds of products, digital and physical. With the everchanging world it might be that we’ll soon see another form of products, in the form of thoughts or mind-state that one can buy. For now we’ll stick to what we currently know.

Digital products don’t cost a dime to create, store or send to the customer. If you have your own webhosting, an email account and access to the internet - you can start creating and selling products that are a (near) 100% profit. Traditional, offline businesses would refer to these as cashcows. However in this era, they’re known as the standard for making quick profits. This also resulted in the coming of many scammers, thiefs and wannabe’s amongst all the other business owners.

Physical products overall enjoy more perceived value and buyers are less likely to ask their money back if they don’t like the product. The time that’s needed to return the product and the shipment costs are a burden for them. From a marketing/sales perspective physical products are great, since you can easily put in a salesletter or special offer and enjoy more attention and thus sales from it.

Although they cost a bit, the current technology also brought the costs down quite a bit. Thru online sources you can have your products created ‘on demand’ for a few dollars. You can also outsource the shipping, tracking and even after-sales support. These kind of products can be a great addition for any internet business.

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