Wealth – Business Entrepreneurs Ideas Trends

Ideas for Entrepreneurs:

Realities of Home Based Internet Business Trends

Before your eye gloss with the thought of establishing your own home-based business via the Internet, let us first have a reality check and check the trends.

Entrepreneurs venturing into the World Wide Web typically have dreams of having time all for themselves, sitting on their couches with laptops on and money pouring continuously with every click. That’s possible, all right but this normally is not the case.

Though we are talking of home-based business here, it is still not true that we can get things easily. Or that we can earn hundreds of thousands even while we sleep. Don’t be lured with business opportunities on the web that offer too-good-to-be-true fantasies. If they’re dealing with a motto like “be a millionaire in 1 month” then it is time for you to have doubts. Success doesn’t come easy, you know that. Only those who have a perfect combination of events and ideal attitude towards works would be the people who can be showered with success.

The specific idea of becoming a home-based internet business entrepreneur is that of leaving an old job of stressful deadline buzzing and annoying bosses overlooking your works, in exchange for a flexible job that you are in total control of.

That’s true. You really would have these benefits when you switch to home base jobs and perhaps, you’ll gain even more.

Well, working home-based on the internet is totally relieving. You won’t have to abide by company cultures or deal with people you refuse to see every working day. You will also get around spending on transportation, clothing, and eating allowances and most especially, you’ll be freed from the worries of stress and tension.

However, it’s not always easy to sail on with internet businesses. They are equally risky as compared with offline business ventures. We are not putting a scare in here, it’s just that we want you to open your eyes to truths that you would sooner or later face. Truths are inevitable parts of internet business transactions.

After quitting your job, which most home-based Internet entrepreneurs do, you have to be ready with losing many things. However, if a home-based internet business works well for you, those losses will become insignificant as compared with the gains you have acquired through taking risks.

One great risk is you’ll stop getting your fixed source of income. There are good and bad sides to this. And depending on your case, they may either make or break your business life.

All jobs have some degree of uncertainty in them after all, businesses would have to deal with risks of failure or of success. However, entrepreneurs have a good argument of controlling your own income is better than having other people fix it for you. That way, you’ll have greater elbow room for growth. However, you must also be prepared for periods of loss.

Remember that even the largest establishment fails. No one can ever be assured that Internet sales would keep on coming. You would surely have great and bad months and the only thing that you can be assured of is that you always have to deal with the unpredictability of trends. If you are not a risk-taker, a steady paycheck may appeal to you more than an unsteady business earning.

As an entrepreneur, you have to face the truth that once you embark on an internet home-based business, this very thing will be your life. It’s like turning work into your obsession to eliminate the work attitude and all factors that go with it. Once you leave work, you really have to leave your old job. Most entrepreneurs practice breathing their own business so they need not experience fatigue while working and will therefore be able to dedicate long hours to their work without even getting fed up with it.

Making money would be impossible unless you take charge of really selling your business. Well, that would surely be a task that you would have to dedicate yourself to. Initially, you invest days of unrest for getting your home-based business through its second juncture. And the same would be true until you can actually settle yourself and realize that everything is going great.

Remember that there is no sure path to success, even if we are to talk success in its many facets, than to toil and really sweat for it. In the end, you’ll be happy that you did. After all, all your toil will boil down towards your earnings.

Have a look at some of the packages we have put together specifically to assist you in building your own home-based online business… CLICK HERE

For assistance, advice, coaching or mentoring… feel free to contact us directly – CLICK HERE

With Love, Gratitude and Grace,

  • Yvonne E. Venter-Louw
  • YEVL (Pty) Ltd.: Founding Director & Principal
  • Researcher, Advisor, Educator, Coach, Mentor, Keynote Speaker & Host of the Financial Independent Coach show on YouTube
  • Personal Thesis: The Psychological impact of past experiences (and the rehabilitation thereof) on daily driven financial decisions.
  • Naturally creating and experiencing Freedom, Meaning & Wealth!

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Wealth: Finding Hot Selling Products to Sell

In order to locate products that sell online, we need to understand what people already want to buy. Finding a good choice of idea or product is always accompanied by interfacing the demand for the product in the current market and the level of competition or market share that the product will be having in the long run.

“What should I sell? What products are hot selling? These are the questions most people are trying to find an answer in order for them to make a definite decision. And if we really want to know the answer to this question, our only choice is to do some research. There are all kinds of twists along the road that may lead you to think you have a high-demand idea. We must be able to understand and satisfy the need, wants and expectations of our customers on a certain product that they’re trying to buy. This three are called the basic needs or minimum requirements in a purchase. Needs are the basic reasons or the minimum requirements consumers are looking for in a product or service. They are called the qualifying or “gatekeeper” dimensions in a purchase. Wants are the determining dimensions among many choices. Expectations, on the other hand, are values or intangibles associated with a product or service. Expectations are actually part of “wants” but they become extremely important when products or services are not differentiated.

For example, in reading a logic book, university students look for the following: Relevant logic concepts use of simple language, easy to understand and affordable prices. These similar ideas can be applied to Internet Sales as well. After all, the Internet is just another place to sell products. The basic concept of demand is the same there as it is anywhere else, and has been all the time.

Now, the second thing that must be considered in finding “hot” products to sell is the level of competition or the market shares which your product will have. Market share or level of competition means the ratio of your brand sales versus the total market sales. While companies would naturally define its target competitors, it is actually the consumers who ultimately decide the competitive frame, or the list related products or services that consumers consider when exercising their purchasing power. We must, therefore, choose the market segment where we can have a potential leadership or at least a strong challenger role. Because the overriding objective of getting into this business is not just to satisfy the needs and wants of our customers but to do so profitably better than his competition. Otherwise, our competition will end up satisfying the customers better than our own interest.

The third factor to be considered in finding hot selling products is finding out the general interest level about the product. General interest in a product helps us to gauge where our demand and competition numbers fall into the big picture. Simply saying, if there isn’t much demand for the product, and there isn’t much competition, it would seem that it might not be good a good put up for sale. But the research doesn’t stop here; there is one last thing to be considered to exactly find the hot selling products that you’ve been looking for. We must also learn how others are advertising those products. If there are a good number of them doing so, it may mean that it’s a good product to get into. Coming to the last phase of the process is analyzing and evaluating all the information that has been collected. We have to look at all of the data we have collected on demand, competition, and advertising, and make a decision as to how they all balance out.

And here are several factors or aspects that must be measured: (a) not enough demand means not enough people are going to buy (b) too much competition means not enough of a profit to go around (c) too much advertising drives up the price of pay per click ads, and competition as well, (d) not enough general interest, combined with low demand, means there may not be a good market even if there is competition trying to make the sales.

Should you need more information in regards to Affiliate Marketing, feel free to contact us directly – CLICK HERE

Planning, Record Keeping, Tracking & Marketing different Affiliates – CLICK HERE for free templates which may make the task easier…

Alternatively, here are some products which may assist you in your own wealth creation strategy – CLICK HERE

With Grace & Gratitude

  • Yvonne E. Venter – Louw
  • YEVL (Pty) Ltd. Founding Director & Principal
  • Researcher, Advisor, Educator, Coach, Mentor, Speaker & Host of the Financial Independence Coach show (YoutTube)
  • Personal Thesis- The Psychological impact of past experiences {and rehabilitation thereof} on daily financially driven decisions
  • Naturally creating Freedom, Meaning & Wealth!

P.S: Are you interested to find out more of the “Why, What, When, Where and How …” discovered in the process of writing the above-mentioned thesis? Join our direct mailing list for more information…CLICK HERE

#Wealth #WealthCreation #AffiliateMarketing #Products #InternetSales #OnlineSales #MarketShare #Advertising #PPC

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