Some of the most lucrative small businesses to start are internet based. The current trend in spending is leaning towards online spending and physical businesses are suffering as a result:
“Current e-commerce statistics state that 40 percent of worldwide internet users have bought products or goods online via desktop, mobile, tablet or other online devices. This amounts to more than 1 billion online buyers and is projected to continuously grow.” Source: https://www.statista.com/markets/413/e-commerce/
And at the same time e-comerce businesses are slowly putting old model “bricks and mortar” businesses out of business:
“Figures from the Office for National Statistic showed online sales surging nearly 9% in March compared with a year ago, and online stores now accounting for 13.2% of all retail sales.” Source: https://www.theguardian.com/business/2016/apr/23/uk-high-street-spending-shoppers-slowdown
And why shouldn’t consumers turn to the internet? It’s cheaper, easier and you don’t even need to leave your house to buy products and services internationally. Perhaps businesses which don’t take this growing trend on board are bound to fail?
Most Lucrative Small Businesses To Start – An Internet Based Business
Starting an internet based business is now easier than ever. Previously it was the domain of the programmer but now anyone can have a website up and running in a matter of minutes with the right software. Training platforms are accessible world wide over the web allowing anyone to learn how to build an internet business from scratch. Internet businesses can be built around many different models. You can sell your own products through the internet or promote products for other people. This is known as affiliate marketing. See “done for your affiliate marketing“.
The most lucrative small businesses to start online are those which can be leveraged and scaled to a global audience. With small local businesses there is a limited number of potential customers. With an internet business your reach is global and so you should choose products to sell globally.
Most Lucrative Small Businesses To Start – Digital Products
Selling digital products online can make you 50% + commission on products which can be accessed online. This means there is no posting of products or dealing with customers.
By promoting and selling other peoples products online, and in particular products which can be accessed remotely, you can scale up massively to a global audience. This means selling digital products online is not only very lucrative but can also mean you can build a lifestyle business around this model.
Most Lucrative Small Businesses To Start – Business Models
The most lucrative affiliate models offers:
- High ticket products – Selling larger ticket items means larger commissions for each sale
- Membership products – Selling memberships means monthly commissions
- Up-Selling – Means more commissions for potentially each customer
- Built in sales team – Means you don’t have to do any personal selling.
Most Lucrative Small Businesses To Start – Learn More
Fortunately much of the work has already been done for you. You can benefit from cutting edge software and a community with training, tools, software and support online. Anyone can learn how to build an internet based business from scratch with no previous knowledge. Learn more and access video series here.