Internet Entrepreneurship: First Step, Getting Going

Internet Entrepreneurship: First Step, Getting Going

Internet Entrepreneurship: First Step, Getting Going

First steps: picking the business

When I was thinking of starting an internet organization there were a couple of things that needed to have requirements.

The first one was that I was required to be able to get business to profitability for less than $1,600. In practice, each site has cost more than that when you figure in the marketing expenses required to get it off the ground quickly. The silk tie selling website was set up for less than $300 but when you consider marketing spend, then I have spent nearly $800 each month on marketing, primarily on Google Adwords. It is just after month three that I have got near to recovering cost. Anyway, near sufficient and if you are more patient and make less pricey mistakes than me then you need to have the ability to do it for less.

Second of all.

Businesses had to require as little manual labor as possible. I seek a company that I can begin working part-time and as am a management consultant and sell my time by the hour, for time really is cash. I am likewise not keen on hiring people if I can avoid it. The internet has the possibility to offer some truly virtual businesses and I wished to utilize this. For this reason as well as start-up costs this suggests that I do not wish to stock or manage any items. I do a great deal of supply chain consulting work so it was apparent to me that I could have an organization that used other companies to purchase, store and deliver the products. The easiest way to do this is by utilizing drop shipping. Dropshippers are wholesalers that ship private customer orders direct to your consumers.

There is plenty of details on dropshipping online, nevertheless, it needs to be said that there are some horrible dropshipping companies where prices are expensive or items too common to effective.

Typical of these is to select which charges a cost to join, once you join you discover that the prices are frequently greater than they are being cost on eBay and are commonly sold with lots of competitors. It is really hard to make good cash from these sort of drop shippers. There are nevertheless some excellent companies out there with specific niche items where attainable margins are great.

The 3rd requirement was that the business is required to have the possibility to create at least $1k each month in revenue. That way with a couple of web businesses it might become my full-time task. I decided that I was not attempting to start the next Amazon, rather I wanted a great rewarding niche. Something not too competitive and with no household names as rivals. This implies that I have not gone into electronics even though it is the location I know the very best, it is an extremely competitive market online, and where the competition includes Amazon and Dixons.

To be successful in electronics you either require to find a niche not served by the big boys or spend serious money to get established.

I then started looking for service concepts. I read the get abundant fast newsletters, web marketing newsletters, web business online forums, and drop shipping websites. I looked for drop ship suppliers than when I discovered an item that I thought might be appealing, did a look for it and had a look at the competitors. If after that it still looked intriguing then I did a keyword search on Google AdWords to discover the number of clicks I could get and at what cost.

While doing this I discovered some websites selling ready-made business sites. Essentially they offer a shop template, a catalog, and a provider of stock and off you go. These cost between $80 and $800. I squandered a reasonable little bit of cash with a couple of false starts.


Kevin has 20 years of experience in sales, marketing, technology, video production, product marketing, and project management. Kevin is a Marketing Director with RP Design Web Services. Kevin received an MBA from Southern Connecticut State University and graduated with a 3.92 GPA. As stated by one of his Management Professors Dr. Robert Page at Southern Connecticut State University that Kevin was the best student that the professor ever taught. He is also a graduate of Arizona State University, W. P. Carey School of Business with a Bachelor of Science in Marketing. W. P. Carey School of Business #23 Best Undergraduate Business Programs, ranked top 30 nationwide since 1995. It is one of the top business schools in the country. The marketing undergraduate major ranks 11th. Academic rigor: The W. P. Carey School of Business at Arizona State University is a highly ranked business school, with a rigorous academic curriculum. This means that ASU graduates have a strong foundation in business knowledge and skills. Arizona State University is a top 1% of the world's most prestigious universities- Times Higher Education, 2018. ASU has ranked #1 in the United States for innovation ahead of #2 Stanford and # 3 MIT - U.S. News & World Report, 2016,2017, and 2018. Kevin just recently attended Tony Robbins’ Unleash The Power Within, a 3 ½ day live seminar. Kevin is a former member of Toastmasters International where he achieved the designation of Competent Toastmaster Award and Competent Leadership Award. Excellent public speaker and presenter (Toastmaster Award). Presented at the Javits Center “How the Web impacts the Construction Industry” Presented at the Baltimore Convention Center “How the Web impacts the Construction Industry” Kevin has strong experience in search engine optimization, local SEO, reputation management, video production, and web-based marketing solutions. Kevin also has experience working at a Fortune 500 company Graybar. Businesses depend on Kevin to make sure they have a constant flow of new prospects. Kevin improves business communications between customers, employees, and the world.

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