The U. S. Small Business Administration (SBA) reports that the majority of American businesses are small. Further, the SBA reports that over 50%, or 29.6 million, operate from home. Online transactions in 2008 were valued at an annual $3.7 trillion, according to the U. S. Department of Commerce. In 2010 the average time spent by Americans online monthly was 32 hours. Anyone, anywhere can invest Internet time to rise above local economies to make internet money.
Preparing for e-Commerce Success
Business opportunities often start with a business plan. The plan may be more or less formal depending on the size of the business and the scope of what the business is about. Government agencies, websites and nonprofits with objectives to help businesses include The U. S. Small Business Administration (SBA), the Federal Trade Commission and the U. S. Department of Commerce. All of these organizations, in addition to the Service Corps of Retired Executives (SCORE) have online business information.
Conduct Online Market Research to Maximize Sales
Service-oriented businesses, those that do not require large stocks of inventory, and those that do not have large staffs or visiting clients are ideal for e-commerce. Establishing a virtual office and online sales location is not only simple, but many websites provide how-to information and free tools.
A prospective business owner can take advantage of numerous companies that provide free virtual business locations via websites, and information technology. A person can easily transition into participating in e-commerce by setting up profiles using various social media, establishing a website and conducting market research. Market research would indicate which types of services are bought and sold, and other market data.
Lean, Mean Business Machine
Most businesses are small businesses. The SBA defines a business as small when it has no more than 500 employees, or generates revenue below an industry threshold. The smaller the business, the less overhead may be involved. Overhead costs can include the cost of a commercial business space. Few staff, limited product storage space, and little to no customer or client visits can point to a home-based business as a practical business model.
How to Link Business, Services, Products and Location
In addition to domain names with nonprofit or government extensions that cover business, niche business organizations exist. These may cover crowdsourcing topics that provide online commerce opportunities, virtual contractors and avenues to make internet money.
Preparing for e-Commerce Success
Business opportunities often start with a business plan. The plan may be more or less formal depending on the size of the business and the scope of what the business is about. Government agencies, websites and nonprofits with objectives to help businesses include The U. S. Small Business Administration (SBA), the Federal Trade Commission and the U. S. Department of Commerce. All of these organizations, in addition to the Service Corps of Retired Executives (SCORE) have online business information.
Conduct Online Market Research to Maximize Sales
Service-oriented businesses, those that do not require large stocks of inventory, and those that do not have large staffs or visiting clients are ideal for e-commerce. Establishing a virtual office and online sales location is not only simple, but many websites provide how-to information and free tools.
A prospective business owner can take advantage of numerous companies that provide free virtual business locations via websites, and information technology. A person can easily transition into participating in e-commerce by setting up profiles using various social media, establishing a website and conducting market research. Market research would indicate which types of services are bought and sold, and other market data.
Lean, Mean Business Machine
Most businesses are small businesses. The SBA defines a business as small when it has no more than 500 employees, or generates revenue below an industry threshold. The smaller the business, the less overhead may be involved. Overhead costs can include the cost of a commercial business space. Few staff, limited product storage space, and little to no customer or client visits can point to a home-based business as a practical business model.
How to Link Business, Services, Products and Location
In addition to domain names with nonprofit or government extensions that cover business, niche business organizations exist. These may cover crowdsourcing topics that provide online commerce opportunities, virtual contractors and avenues to make internet money.
About the Author:
With the economy in poor shape most everybody would like to find ways to make extra money. A great approach to do this is through the many opportunities offered on the Web. From writing articles for marketing firms to setting up your own online auction store, there are plenty of options to make Internet money out there if you know where to look. For great tips on where to look and how to begin visit makinginternetmoney.com now!
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