Thinking about starting a small internet business? It's an exciting move!
Imagine it: millions of people online at any given moment all over the world... emailing, instant messaging, posting in forums, watching videos, searching on Google and reading pages and pages of information about anything from how to clear a blocked drain to why dinosaurs disappeared.
You have a worldwide audience. And you're no doubt already active online doing most of those things yourself - even if your interests are somewhat different!
Business is still in the process of moving online; ecommerce is growing at a tremendous rate - and more and more Internet users are becoming more and more comfortable about spending money online.
It's a great time to get involved.
Three crunch questions for anyone starting a small internet business
Starting a small internet business is like starting any other kind of business or project. Planning and research are vital - as is gathering the right tools you need to do the job. So - let's get focused:
What does business on the Internet mean to you?
Small businesses on the Internet cover a variety of different products and services. For example, a small internet business might focus on:
Selling e-goods - including e-books, music, software, photographs
Affiliate sales - promoting other merchants' goods or services and taking a commission for sales or referrals
Hard goods - such as hand-made jewelry, water color paintings, golf clubs or clothing
Service selling - hairdressing, editing, translating, cleaning or computer repair - which could also flow into...
...Promoting a local, offline business - your restaurant, bakery or printing shop
If you don't know what products or services you could offer - don't worry. You could become, for example, an "infopreneur" - providing information on the internet via your website about a topic you know and love. That topic could lend itself well to promoting related e-books, affiliate products or hard goods.
There are plenty of ways to make money online. So let's ask that all important question:
How are you going to make money?
It seems obvious to many Internet business newbies.
You set up your website, and incorporate a store for your hard goods.
Or you write reviews of your chosen products and include affiliate links to merchant websites so that you get the commission.
Or maybe you write a few pages about your local florist business, providing pictures and prices of bouquets along with your address and phone number, hoping to drive sales that way.
And maybe you also take advantage of Google's Adsense program, where you can place ads on your site for free and earn money every time someone clicks on an ad.
But building a website in itself doesn't earn you a cent... if nobody visits your site.
Think about what this means. You could spend a lot of time and an awful lot of money starting a small internet business with a website that nobody visits and that doesn't earn you any meaningful income at all.
That's why your smartest move when getting online is to build a quality website - doesn't need to look too flashy, doesn't need tons of bells and whistles - just one that has lots of interesting, relevant content on it.