The internet has seen the birth of several 'dotcom' billionaires and millionaires who exploited a niche and it paid off big. But amidst all of the success stories, the internet has been the Waterloo of many entrepreneurs that have lost a substantial amount of their investment. There is no doubt that the World Wide Web offers many opportunities for making money but it has even more that are scams.
Carrying out careful research will increase your chances of making money online. The following are some online businesses you can consider setting up. They might not result in millions of dollars per year in returns, but they can be a steady and reliable income stream.
Affiliate marketing - Affiliate marketing has often been cited as the internet's equivalent of multi level marketing. While that might not necessarily be a flattering tag, affiliate marketing is still a great way to make money. Marketing will continue to be a fundamental part of online businesses. Businesses looking to make sales on the internet are increasingly turning to affiliate marketers to make the customer connection for them and at a commission.
Developing websites - There are thousands of websites going live every day. Except for a few where the owner chooses to build the site on their own, most will require the services of a web designer. Web design is however a technical field that will often require formal training. If you prefer a technical business that does not require that much interaction with customers, then web design would be a good fit. In addition, web design is a highly competitive field and you must find ways of distinguishing your service from what the competition has to offer.
Desktop publishing - This is another type of service that is likely to be there for a long time but that is highly competitive. You need a mastery of desktop publishing software and develop an impressive portfolio that will distinguish you from the competition. Remember that you can always hire freelancers to do the work for you. However, if you choose to outsource, you must carefully manage quality and also maintain communication with clients so that you do not lose your client to your employee.
Resume writing services - People will always be looking for jobs. However, not everyone knows how to write a good resume - their superb credentials notwithstanding. A resume writing service is the one type of business that experiences a boom when the economy is in recession and jobs are scarce. Every job seeker recognises that a good resume can open doors to interviews and eventually a job.
Other ideas for making money online include article and eBook ghost writing, becoming a virtual administrative assistant and search engine optimization.
Carrying out careful research will increase your chances of making money online. The following are some online businesses you can consider setting up. They might not result in millions of dollars per year in returns, but they can be a steady and reliable income stream.
Affiliate marketing - Affiliate marketing has often been cited as the internet's equivalent of multi level marketing. While that might not necessarily be a flattering tag, affiliate marketing is still a great way to make money. Marketing will continue to be a fundamental part of online businesses. Businesses looking to make sales on the internet are increasingly turning to affiliate marketers to make the customer connection for them and at a commission.
Developing websites - There are thousands of websites going live every day. Except for a few where the owner chooses to build the site on their own, most will require the services of a web designer. Web design is however a technical field that will often require formal training. If you prefer a technical business that does not require that much interaction with customers, then web design would be a good fit. In addition, web design is a highly competitive field and you must find ways of distinguishing your service from what the competition has to offer.
Desktop publishing - This is another type of service that is likely to be there for a long time but that is highly competitive. You need a mastery of desktop publishing software and develop an impressive portfolio that will distinguish you from the competition. Remember that you can always hire freelancers to do the work for you. However, if you choose to outsource, you must carefully manage quality and also maintain communication with clients so that you do not lose your client to your employee.
Resume writing services - People will always be looking for jobs. However, not everyone knows how to write a good resume - their superb credentials notwithstanding. A resume writing service is the one type of business that experiences a boom when the economy is in recession and jobs are scarce. Every job seeker recognises that a good resume can open doors to interviews and eventually a job.
Other ideas for making money online include article and eBook ghost writing, becoming a virtual administrative assistant and search engine optimization.
M. Moume is a veteran Internet marketer with stint in traffic generation.For Free Tips on how to increase traffic, visit the traffic guide and enjoy the true benefits that comes with more visitors in your business. |
Article Source: http://EzineArticles.com/6172536
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