Wednesday, February 24, 2010
it is quite easy to build a sustainable online business if ytuo know the principles of internet marketing.you can actually start an online business with little capital and grow the business to become world class.online business have a high scalability i.e the ability to grow them to grow from small to big within short period of time, if managed effectively.there are two ways in which you can build your business online;you can either take your normal business or build a business that is 100 percent web based.in online business,you are faced with challenges of 1.how to find and keep the right customers for your product or service2.how to increase the number of your customers3.how to make your customers buy your products often to increase sales.4.how frequent those customers come to do business with you.FIND THE RIGHT CUSTOMER AND GIVE THEM THE RIGHT PRODUCTWhen starting any online business,your first task is not to develop a product or service to sell.it is not what you sell that matters(anything can sell on the internet with the right customers who are in need of that product or service)your fist assignment is to look for what people want and give it to them.this sounds very simplebut that is it.you have to be sure of the area you want to play in,this is called a niche if you want to get rich online.what is a niche market? according wikipedia(an online dictionary);"a niche market is a focused,targetable market, by definition, then a business that focus on a niche market is addressing the need for a product or service.you can think of a niche narrowly defined groups of potential customers online.your sucess online lies in choosing and concentrating on a narrow and profitable market and become known as an expert in that area.most netpreneurs make the mistakes of narrowing down their online business.you can build your busines by providing online services without going far to look for a profitable niche, the following services will be profitable for you.1.website designing and hosting2.e-cover designing3.providing payment solutions to netpreneurs4.consulting and training5.providing online advertisement6.onlibe publishing and infopreneuring-publishing of e-books is very lucrative, they sell like hot cakes on the internet.with all these services you will become an netpreneur all you need is to get trained in the ones you are interested in and build a sustainable business
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