« Why Home Based Internet Businesses? The 2 Important Factors | Home | 101 Home Based Business Ideas But Choose 1 »
3 Tips Guide To A Good Home Based Internet Marketing Business
By JY Chia | July 19, 2008
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
In this article, I am going to cover the 3 tips to a good home based internet marketing business that includes, the correct niche, the delivery of goods or services and finally the medium.
Tip 1: The correct niche Before I dwell on the correct niche, let me share with you, “what is a niche?”.
A niche is basically a subset of a general market.
Take for example, weight lose is a huge general market.
A specific niche could be weight lose through meditation, weight lost through exercise or weight lost of
males 45 and above, and many more.
The more specific your niche is, it is easier to target.
And my mentor once told me not to undermine the virtually smaller ratios within the specific niches as compared to the general market statistics because when targeted correctly, they are extremely responsive.
Another example could be the general market of say learning or studying.
There are so much to learn and study so by narrowing down to, take for example self-development, it is a more focused niche.
But of course from self-development you can break down even more to even more specific niches
like, business, sales, spiritual and relationships.
And it is interesting to note that self-development has been a rising trend with populations becoming more affluent.
A few pointers to note when choosing a niche are the demand for it, competitiveness and you
must have a passion for it because you are going to invest your precious time and effort with a reasonable budget to run your business.
Tip 2: Delivery of goods or services
Facts to be told and known that even on the internet, physical goods transition can be carried out, however with freight and packaging, the profits could be reduced considerably.
Therefore it has always been preferred to package your services or products into the digital form.
Meaning the eBooks, audios, and streaming videos that is readily available in the market now and yet it is a very lucrative market, simply because people are hungry for information.
This is a win-win situation for the customers who yield for fast solutions and for the merchants to absorb the 100% profits!
Tip 3: Medium
The medium would be the internet. It is important to know that the internet is a medium to the cash flow that you can experience.
It is not the internet that gives you the cash, it is the people who are leveraging the medium of the internet to provide services and on the other hand look for information.
And with the discovery of the internet, it has made communications extremely feasible and linked the billions of population worldwide, across nations.
There is this recently trend mentioned in Forbes magazine that “Webucation” is the next wave.
Webucation basically means education delivered through the internet also commonly know as the world wide web.
This has been the 3 tips guide to a good home based internet marketing business, namely, selecting the
correct niche, the delivery of goods or services and finally the medium.
Popularity: 15% [?]
Topics: Blog News, Expert MLM Tips, Power Networking Group, marketing tip |