There are various types of Internet businesses that an Internet business newbie or aspiring online entrepreneur could choose from. Generally, online or e-businesses are relatively cheaper to set up & easier to run than their offline counterparts, but they’re arguably more competitive. To succeed in the world of online business, an e-business newbie must be passionate about the business, must have a good knowledge of the business and must possess a good deal of communication & marketing skills. The early days of new Internet businesses are usually the toughest & most discouraging, and during these times, it’s only passion that keeps the newbie from throwing in the towel. Of course, it would be foolish to jump into what you know absolutely nothing about. Doing a lot of research & planning is, thus, absolutely crucial to the ultimate success of any online venture. Most importantly, if you cannot communicate adequately and promote your products or services, then don’t even bother starting an Internet business because the competition will just put you out of business.Types of online or e-businesses include the following:1. Corporate Websites – these are not actually e-businesses in the real sense of the word. They are, rather, online representations of established offline businesses. These established “physical” corporations use their websites to maintain an online presence through which they market their products or services to a much broader audience. They can also use this medium to transact business with clients who, otherwise, would have been impossible to reach out to, hence increasing their customer base.2. Informational Sites – this type of Internet business includes online encyclopedias, online news, e-magazines, blogs, forums, specialized websites, etc. These e-businesses monetize their sites by paid subscriptions, placement of contextual ads like Google AdSense, promotion of affiliate products, or even selling ad spaces on their sites directly to advertisers. Of all these, I believe blogs are probably the easiest and most inexpensive to set up and run, hence I advocate blogging for any Internet business newbie or aspiring online entrepreneur with little or no start-up capital.3. Web Services – this type of online business include email services, search engines, social networking sites, chat rooms, bulk SMS service, web hosting, graphic design, web design, Internet marketing, translation services, market research, online payment services, directories, online market place, software development, etc.4. Online Shops – just as the name implies, this type of Internet business entails displaying and selling of ones own products in a shop, except in this case both product display and transactions are carried out online. Delivery of the sold “physical” products, however, is done offline, well except for some digital products like software, e-books, music, videos, games, etc, that are downloadable directly to the buyers computer, PDA, phone, etc. Note that in this type of business, the shop owner must actually own the “physical” products on sale, not necessarily being the manufacturer, but has at least acquired the products and have them in stock ready for delivery to any buyer. Hence, it could also be an already established offline shop looking to expand its customer base online.5. Affiliate Shops – the difference between this type of online business and online shops as described above is that with affiliate shops, the shop owner doesn’t have to own or have in stock any of the “physical” products on sale. It is also not the responsibility of the affiliate shop owner to deliver any sold product to its end buyer. All the affiliate shop owner does is to market and sell products owned by other individuals or companies.6. Online Trading – this includes forex trading, stock trading, options, futures, precious stones, crude oil, real estate, e-minis, etc.Now, of all these various types of Internet businesses, some are easy to setup while others are less so, some are also easy to run while others, not so and some are relatively less expensive than others. For a new Internet business owner or aspiring online entrepreneur, I advocate blogging and/or affiliate marketing because they are relatively easier to set up and run, and also very inexpensive. For instance, you could start a money-making blog with NO CAPITAL at all, provided you have access to a computer linked to the Internet.Well all I can say at this point is good luck with your chosen type of Internet business.
Internet business is not uncommon term to most people nowadays. In fact, there are a huge number of people starting up their own internet business online due to the technology advancement during the last couple of years.Internet business compared to the traditional brick-and-mortar type generally required low capital, low business operating cost to start-up. Thus, many people seek any opportunities available to start-up their own internet online business due to the low entry barrier. There are many kinds of online businesses exist on Internet. There may be thousands or even hundred of thousands of online businesses providing services or selling products to their customers.Competition for internet business is very fierce. However, there are some online businesses that perform pretty well compared to others. Those who not doing well, might be due to the quality of services they provided or the products they promoting, but, there is one major factor that some internet business owner tend to overlook is to how successfully market and sell or promote their products. This could be the number one factor that most online internet business will fail in the end.Marketing your business effectively is very crucial in order to determine the success of your business. Successful online marketing campaigns will bring more customers to visits your websites thus increase the sales. Applying effective internet online marketing strategies will not only increase your presence on the Internet business arena, but also increase your business reputation, thus more people will know about your business.As for a start-up internet business owner, it is not possible to apply all the online marketing strategies available at one go. Some online marketing strategies would take times to implement and more fine-tunings are required. Below are some of online marketing strategies recommended that can be applied:a) BlogBlog is a great tool for marketing online business. There are more online visitors visit a blog compared to a website nowadays. Blog is a great tool for sharing useful information related to your products or a platform providing educational information to your website visitors. Eventually, more people will follow your blog and thus increase the online traffic flow to your website. More traffic, more visitors leading to more sales.b) PPCPay-per-click or PPC campaign is another great marketing strategy to promote online internet business. PPC allow online business owner to target their customers effectively by placing their business advertisement based on certain keywords on the search engine. Targeting the right keyword is the essential part of a successful PPC campaign.c) Video MarketingVideo marketing is getting more and more attention nowadays compared to a few years back. For this instance, YouTube has become the biggest video sharing platform on Internet. It has attracted millions of viewers every year. YouTube has become one of the most effective marketing strategies available online. Combining motion and visual; no doubt that, marketing your products or services through YouTube will increase the visibility of your website and attracts more visitors thus increase your online business sale.Implementing effective online marketing strategies play important role in the success of any internet business. Different marketing strategies will result in different impacts for the internet online business. High impact marketing strategy would have better effect on your business compared to low impact marketing strategy.Thus, it would be wise to come up a marketing plan for your online internet business in order to succeed. A good business coupled up with effective marketing strategy will eventually bring success for your online business.