10 Keys to Creating a Profitable Online Business - Online investment opportunities...
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5. Online investment opportunities
Not strictly a business opportunity, but investing in real estate or stocks and shares has become big business in itself. The Internet has opened up all kinds of opportunities for investors, and it's so easy to go online and find stock brokers willing to advise you where to put your hard-earned cash for the maximum return. The big consideration with investing is to remember that prices can fall just as quickly as they rise. For all the information you need on investments, visit www.investorguide.com
6. Finding the right market
Whatever service or product you decide to offer your online customers, you must first establish whether there's a need for it. If there is, you'll have to work on an effective strategy of getting your product in front of your prospect ahead of the competition.
It's been proven time and again that small is big. The small or niche market has been responsible for many people making a nice profit from the Internet. It's as well to remember, that a niche market on the Internet could number well over a million potential customers. Just 5% of a market this size, each buying a product with a $10 profit margin, would return $500,000 in profits.
A few examples of niche markets might be: Holidays for singles over 40, sports and fashion wear for children 6-24 months or easy car maintenance for lady drivers.
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