Finding the right online business

[Matthew M]

Just wondering if anyone would have a online business and would help others to become successful doing it.

Thanks

[Antiventurecapital]

Here's how it works online. You do long hard research to find a niche for yourself. Then you work even longer and harder to develop a solution for that niche.

Then you try to keep as low a profile as possible while selling your solution so as not to attract competitors. The competitors will always come when they finally sniff out the profit potential in your niche. This will lead to a decrease in profits for everyone.

At this point you begin to look for the next opportunity.

Lather. Rinse. Repeat.

Most people running profitable websites don't even tell their own mothers what they selling.

Loose lips sink ships.

[Cat Dancer]

Originally Posted by Antiventurecapital

Here's how it works [...]

You know Antiventurecapital, I see a lot of posts by you about how making money online is such an enormous struggle and how so many people fail at it.

May I respectfully suggest that if you're interested in creating a yummy meal, read a cookbook with recipies of successful, yummy meals, not a cookbook of "1001 Recipes I Tried That Were Really Terrible and Made Everyone Sick".

[Cat Dancer]

Originally Posted by Matthew M

Just wondering if anyone would have a online business and would help others to become successful doing it.

Thanks

Ah yes, what was the original question? ^_^

Probably the best resourse I've come across for finding a business that's a good fit for you is Dan Miller's 48 Days to Creative Income.

Also I personally much enjoyed this interview of the CEO of SmugMug as just a delightful example of someone who built a business by focusing on customers and what they wanted: nPost.com Interview with Don MacAskill, CEO of SmugMug

I hope this helps,

^_^

Cat

[Antiventurecapital]

Originally Posted by Cat Dancer

You know Antiventurecapital, I see a lot of posts by you about how making money online is such an enormous struggle and how so many people fail at it.

May I respectfully suggest that if you're interested in creating a yummy meal, read a cookbook with recipies of successful, yummy meals, not a cookbook of "1001 Recipes I Tried That Were Really Terrible and Made Everyone Sick".

I think you need to reread my posts. What I'm saying is to beware of quick fixes and the people offering them. Yes, I do come down hard on get-rich-quick schemes. I'm fortunate enough to belong to a group of people who have real sites making real money. All of them took years to get there. Success requires long term commitment and perseverance.

[Antiventurecapital]

Originally Posted by Matthew M

Just wondering if anyone would have a online business and would help others to become successful doing it.

Thanks

If you are really serious about learning online business, I recommend spending as much time as possible at webmaster forums. There are about 5 big ones. WebmasterWorld News and Discussion for the Web Professional is the biggest. People at these sites share technical know-how without revealing their sites or what they are selling.

[MukulVerma]

Originally Posted by Antiventurecapital

Here's how it works online. You do long hard research to find a niche for yourself. Then you work even longer and harder to develop a solution for that niche.

Then you try to keep as low a profile as possible while selling your solution so as not to attract competitors. The competitors will always come when they finally sniff out the profit potential in your niche. This will lead to a decrease in profits for everyone.

At this point you begin to look for the next opportunity.

Lather. Rinse. Repeat.

Most people running profitable websites don't even tell their own mothers what they selling.

Loose lips sink ships.

Wow, Have you been following me. I started a business over 3 years ago for unlocking mobile phone - Global Unlock, at that time I was one of few who offered this service, now people catch on and everyone is doing it everywhere online. People are making less then $2 a sale. It has been a good run and very profitable, however I can relate that if you have a good idea, people will catch on and copy. Now a good part of my business comes from phones very few people do and supplying to other websites.

Thanks,
Mukul Verma
Mukul Verma - Working Together on Personal Development

[AndrewJ]

The easiest way to get started is by promoting other people's products - affiliate marketing. I promote a bunch of products on various websites and blogs and once you learn how to drive web traffic you will start making sales.

Andrew