Overview of Different Types of Internet Businesses You Could Engage in
There are several types of internet businesses one could engage in. They are basically divided into 2 broad categories: Services and Products. These include:
- Affiliate marketing: Here is where you get to sell other products or services, which are online and get paid a commission. Here the merchant gives you a free website often very much like the merchant’s own, only that yours would have a unique referral code so once anyone purchases, you are given a commission.
- Information Product: Here you get to package and sell very useful information. The information could be written by you based on your experience or someone else’s experience. This information should be something useful and could be in a particular niche.
- Resell rights products: Here you get to sell information or software you did not write or develop, but instead have bought rights to sell it. Such products often come with their already made websites. You could sell the product at the recommended price as a single product, or bundle the product with others useful or related information to sell as a unique package.
- eBay/Auction site: Where you get sell any kind or product on the internet via auctions. People get to buy things cheaply. eBay being the most popular of such online auction sites
- Web design Websites are the basic form of putting information on the internet and the since the internet is still growing. If you are good at developing websites, you could make money building for other people.
- Web host reseller: Lots of people would need to host their websites. You could purchase a reseller account from a web host at a wholesale price, and partition the space and sell at a retail price
- Freelancing There are several freelance sites on the internet where you could get paid for doing freelance jobs for other people. Such jobs include, writing , photography, graphics design, accounting, and other professional service):
- Software company: If you are good with developing customized software, you could have your business on the internet and develop customized software for people, companies, organizations
- Forex: Trading of Foreign currencies via the internet. Other currency trading business which can be carried on the internet include Futures, Stock
- MLM (Multi Level Marketing) the internet has helped boost the income of traditional MLM which used to be done offline
- Putting your offline Business online: Create a website for your normal business carried offline and get more exposure and ability to receive money online. This increases your revenue
- Domain name seller and reseller. Since branding is very important in internet marketing a good domain name could give an edge over competitors. Here you register a domain name for $8 – $10 (this is the normal price depending on registrar) which you think is relevant to a particular market and sell for a higher price to people who know the value of the domain name
- 13. Selling of websites: Build a website or blog and sell the entire website or blog
- Online Community: Create an online community depending on a particular topic and sell ad space
- Google Adsense: Create a website or blog on a high paying niche and place Google Adsense codes on it.
- 16. Drop-shipping: Be an agent or middle man for a company that sells products: Here you get products at a wholesale price, you don’t need to stock it, instead you build a website for such product display the recommended retail price, people get to your website to purchase, you receive payments through your website and pay the main company and ask them to send the item. You pocket your profit
There are several types of Internet business as you can see and the internet is driven by information and ads, all urging you to join their business. It is important that you concentrate on one or two types of the Internet business otherwise you could be tempted to subscribe to every newsletter of every business you see, leading to information overload which often leads to paralysis in starting up an internet business.
Check this book out on how to start up an Internet business:
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