Question by : What online business should I start? I really want to leave my 9-5 job that was paying me six figures and up a year. I want to start a online business. I have some ideas but I am not sure if any of them could make me six figures or more a year. 1. Should I make a niche website with a ton of content? I make money from ads and relevant affiliate programs. Could this online business idea make me six figures or more a year? 2. Should I make a auction/marketplace website where people buy, trade, and sell gift cards for cash? I make money from ads and charging a small fee to successfull sales. Could this online business idea make me six figures or more a year? 3. Should I make a fixed term membership site/program that charges people $ 25 a month for access that runs for a year? Could this online business idea make me six figures or more a year? 4. Should I make a website like Yahoo Answers where people argue/debate about things? I make money from ads. Could this online business idea make me six figures or more a year? Could any of the online/Internet business ideas listed above make me six or more figures a year? If not, then what online business ideas should I do (no programs or scams) to make six figures a year or more online? Thanks! Best answer for What online business should I start?:
Answer by Fearless A
Hi, I've found it's easier to ride a wave than to create one. Look for opportunities that have others having the success you want to have, then do some digging to see what it would take you to duplicate how they are doing it. If it looks like you can and you're comfortable with it, go for it! Best to you, Tim Gieselman
Answer by Dane
Good question. I know what you are going through I was there before. What has really worked for me was creating a quality product and marketing it well. Find a niche you are excited about, do lots of research on that niche, and produce a product that can fill a demand for something that is lacking in that specific niche. Also do some affiliate marketing of someone elses product to put some quick cash in your pocket to help you fund your new business. Befor you know it you have two businesses bringing in income that can easily exceed 6 figures.
Answer by Joe
Well, everyone works differently, but I work best by getting a book from the library, or a bookstore, or even borrowing one, reading it, and just trying it out on my own. You can hire a tutor, use a book, online tutorials, ask others you know who are programmers to help, etc.
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Finding your niche is probably the most important part of online marketing. There are plenty of ways to make money online, but if everyone's got the same products or services on offer, nobody wins. If you target a market that's popular but already saturated with others offering the same services, or products you'll probably still make money, but it's unlikely that it'll be as much, and you can be almost certain that it won't happen as quickly. When choosing who to aim your product at, choose a group who need your help and who have money to spend - that way, you're sure to make money.
In the current economic climate, it might seem that there are few people who could afford to buy luxury products, and that it would follow that it's not sensible to offer one. On the other hand, remember that a large percentage of the money spent online is spent by those people in high income brackets - the people who have money to burn.
These people, don't just spend the most money online, but also spend the most per online sale. One sale of an expensive luxury item will make you the same amount of money as the sale of many smaller items - with less trouble.The people who are most likely to buy your product are the people who really need it, and it's a good idea to target these people with internet niche marketing. People who are dying to lose weight will happily purchase your weight loss solution, and someone who can't wait to meet new people won't hesitate to join your dating service. This doesn't mean that you're exploiting these people's need - you shouldn't be selling a product you don't believe in to begin with, so what these people are buying from you will be what they really need.
Finding a market that realises that they need to spend money to improve their lives is the key.It's a good idea to market your product to the people who really need it - or at least think that they do - because when they purchase the product they'll be improving their lives, and you'll be making an easy sale. Everyone wins! Good examples of this kind of consumer are the people who urgently want to meet new people, and will thus join a dating service unhesitatingly, and overweight people who will happily pay for the solution to their problem. If you find a product that you truly believe in, you'll be of helping your customers in addition to earning a profit.
Marketing online keeps your options open in terms of what you can do to make money. With so many options available to you, it would be a waste to not choose a niche that you really enjoy - after all, it makes sense that you'll do better marketing something about which you're passionate and positive. When you choose the niche that's perfect for you, you'll be able to feel enthusiastic about what you do every day, and you'll be amazed to see how that enthusiasm spreads to your customers. This means more sales for you, and a better experience for you and your customer.
As is often the case when you're starting up a business, it's a good idea to begin your venture into internet niche marketing with the end in sight. A good way to get going once you have a business idea is to do some research about your prospective customers: you'll need to make sure that the group you're targeting is buying online, but also that they're not already being targeted by too many other businesses. Remember that it's one thing to have a good business idea, but your execution of the idea is what will ensure that you're successful.
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