Online and Internet Business

3 WELL KNOWN ONLINE BUSINESS MODELS

In 2018, what are the main online business models and offers that out there that I can try? There are plenty of business models and tactics that can be used today to start an online business, however you need to find what’s most suitable for you given your passion, talents and market value that you can bring to the table. Primarily, there are two business models, you either sell a product or a service. Those products or services could be your...
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INTERNET BUSINESSES ARE A BIG SUCCESS AND WHY YOU NEED TO BE PART OF IT

What are the examples of successful online businesses? Amazon.com is THE ultimate example of an online business with over 300M users worldwide. It also happens to be about 99% automated. Other examples of online businesses include ebay.com, Zappos.com, Udemy etc. As per statista, In 2017, an estimated 1.66 billion people worldwide purchase goods online. During the same year, global e-retail sales amounted to 2.3 trillion U.S. dollars and projections show a growth of up to 4.48 trillion U.S. dollars by 2021....
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niche markets

8 CHARACTER TRAITS OF A PROFITABLE NICHE MARKET

What is a niche market and how is it related to online business? As someone said, “You want to dig your well where you have the best chance of finding water with the least amount of digging.” Niche market is a small and a specific segment of a bigger market where needs and wants of customers are well defined and can be satisfied with a narrowly scoped product. You want to target profitable niche markets with online businesses since they can be...
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why online business

7 REASONS FOR PURSUING AN ONLINE BUSINESS

What are the top reasons I should pursue an online business? First of all, you need to figure out why you want to start a business, online or offline. Why is that important? It is crucial because starting a business is full of unknowns and that requires strong commitment and perseverance. Figuring out your WHY upfront would help you overcome the inherent trials and tribulations and help you think long-term as opposed to get-rich-quick attitude. At the end of the...
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Online Business Mastery Framework

Frequently Asked Questions About Internet or Online Businesses – Part 1

I thought it would be helpful if I take the five of the top questions that have been asked about the internet or online business and share my take on each of those. In my answers, you will find both strategic or big picture as well as short-term and tactical information that you can put to use immediately. So here we go folks.     #1. Which internet business is the best? What internet business is profitable? What internet business should I...
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introducing online business mastery

Introducing Online Business Mastery Framework for Your Online Business Success

During the early days of my online business development, I asked myself this question: “Is there a framework that I can stick to, that would guarantee me online business success over and over again”? While I could find discussions around online business ideas and short-term tactics, but nothing that would take the guess work out of this process and would help me become a serial internet entrepreneur. If you are like me and passionate about online businesses, then I have some...
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earned portfolio passive income

Building an Online Business: Why Passive Income is THE Way!

While wealth represents what a person owns, income is what he or she makes in the form of consistent recurring cash inflow. If your outflow is smaller than inflow, i.e. you are able to save money then that would allow you to accumulate wealth over time. There are three types of incomes out there. Earned, portfolio and passive income. Let's unpack each of them. 1. Earned Income It is generated by exchanging your time for money, i.e. by actively working without any...
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Building an Online Business: How to Choose a Right Business Model

  First off, to be in a business, you've got to bring "value" to your customer base. Your customers exchange "value" with price that they pay you. Now, business model is about creation, delivery and capture of that perceived "value". As an example, your business creates value when you solve a problem in the form of product or service benefits for your customer base. This value creation requires your business to deeply connect with your customers that you work out...
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online business success

The Success Cycle: Why Failure Breeds Failure & Success Breeds Success.

  How many times do we start something thinking (deep inside, more at a belief level) that we're going to fail or "it is not going to work out", and consequently we see ourselves going in a downward spiral and meet the failure that we most dreaded. Likewise, when we embark on something new with a positive attitude (or belief), it allows us to build contagious momentum to get us through the disappointments (sort of bumps in the road) and...
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business backend frontend

Building Online Business: Business Backend, One Thing that You Can’t Afford to Dabble.

I have heard this question many times and while answer to this is very simple, it is indeed one of the most overlooked aspect of building an online business and building backend generally takes place as an afterthought. How about we start with the business frontend? Business frontend consists of the products or services that you sell to your prospects the very first time they become your customers, those products could very well be your best sellers too. Now, that's...
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