Brian Edmondson Updated April 29, The internet is the great equalizer. In business specifically, it has leveled the playing field. Anyone can start a money-making online business —anyone with a computer, that is.
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Today there are plenty of tools you can use to build an online business that makes the technical work a lot easier than it was in the past.
You can also live anywhere you want, set your own schedule, and work as little or as much as you want, depending on how fast or big you want your business to grow. No business or marketing experience is needed either. In fact, you can get many internet businesses up and running with no money at all because so many free services facilitate the possibility.
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Or you can leverage a third-party site like Amazon or eBay to sell goods with no inventory costs. You use their selling platform in exchange for giving them a cut of your sales. And this is just the start of the many available no-money e-commerce startup solutions. Illustration by Ashley DeLeon. That eliminates the financial cost and risk of having a warehouse full of stuff you might not sell, and the hassle of arranging to send orders all over the country or the world.
In fact, you don't have to manufacture or store any products at all. The only thing you have to focus on is marketing and advertising to find the customers and make the sales. Once the sale is made the rest is handled by others.
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Your only cost is the expense of marketing and advertising to acquire a new customer. Once that is done, you'll work with a company that specializes in drop shipping. When one of your customers makes a purchase, you purchase the product from a third-party company the drop shipper, usually a manufacturer or wholesaler for a lower price.
This process is as simple as forwarding the order from your customer, a process that can actually be completely automated. Remember you don't have any risk here of buying inventory internet investment creation the sale has already been made.
Your drop shipper then sends the product to the customer. With drop shipping, you can offer a wide range of products, so the operating expenses for your business are super low.
As you can see there is no risk on your part because you don't even purchase the product at cost until the actual sale is made! What are the downsides to the drop shipping business model? Also, because this market is so competitive, the margins—that is, the difference between the wholesale price and how much you can sell a product for—are lower, so this will be a high-volume type business to generate a serious income.
But still, it is a worthwhile low or no-cost startup option. That way you're not selling the same product brand and just competing on price; rather you can use your own brand and face less competition.
Consider these important factors when looking for a good drop shipping product. Anyone considering a drop shipping business should seriously consider leveraging Amazon. Eventually, you should also consider having your own online store as well.
Affiliate Marketing Affiliate marketing is somewhat similar to drop shipping internet investment creation with some key differences. Basically, you pick a profitable niche for your online businessand then you find an affiliate partner who has products available in that niche. Some internet investment creation the most popular affiliate sites are Clickbank. Many big name companies and brands like Wal-Mart and Home Depot run their own affiliate programs.
Each product has a unique link that tracks back to your account with your affiliate partner. Once they buy, that purchase is recorded and you receive a commission. Just like with drop shipping your only costs will be marketing and advertising to drive traffic and generate the sale.
The key difference between this and drop shipping is that the business model is even more hands off. All you have to do is provide a link for the customer to click on and the merchant handles everything; billing, order fulfillment, customer service, etc. All you have to do is handle the marketing to get your prospects to buy through social media, email marketingblogging, or whatever method you choose.
All you have to do is focus on paid and free ways to market your online business. Affiliate marketing really is one of the most "hand-off" types of online businesses you can start.
As you can see above, the technology sector can be boom or bust. The same is true of individual companies and market segments within the space.
With a service like Blogger www. You can also create your own site and secure your own hosting for a low price, which is generally the route I recommend, as many free blogging sites have restrictions on what you can say or do, including making money or advertising.
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And it can be if that's what you want to do. But written blog posts are just the start. You can post photosvideos, and links to other sites, you can even repost news and other articles… anything is game, really, internet investment creation long as it relates to your niche.
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They key is that you want to post original content that is useful to your target audience and to post on a regular basis. That is the best way to get ranked in the search engines and to also get your audience to take action. What sort of content should you provide?