10 Great E-Commerce Businesses You Can Start Now

If you’ve been thinking of starting a business on the web but you’re not sure what type of business to start then this article is for you. You could be wasting valuable time trying to make your first move. There are thousands of opportunities on the web and this article is meant to show you just a few great ideas that could help you get up and running with your very own e-commerce business.
The act of running a business over the Internet offers many rewards. For one, it dramatically reduces your startup and overhead costs while simultaneously expanding your target base. You literally have a global store when you operate an e-business.
Starting a business over the web isn’t free. However, the costs involved with starting these businesses don’t have to deter you. You could start an e-commerce business with as little as $500, possibly even less. Putting away a few dollars each week could get you at the $500 mark in no time. So let’s work from there. You can start any of the businesses I’ve mentioned below or you may even have some ideas of your own.

  1. Clothing retailer of all types
  2. Educational courses
  3. Diet and fitness information and products
  4. Web design templates
  5. DVDs and videos of all sorts
  6. Credit repair advisors
  7. Data entry services
  8. Web designers
  9. Telephone answering service
  10. Photography services, stock images

To reduce your start up costs with any of these businesses is really quite simple. It’s important to set up a strict budget and stick to it. That part may sound easy but many people make the mistake of spending money without accounting for it or continuously buying advertising without a set strategy.
If you don’t already have a computer, use a friend’s or visit your local library or Internet cafe. You can also buy used computers for less than $200. They will be outdated but you’ll still be able to log on to the Internet and create documents.
Some other suggestions on how to save money include using a web template until your business becomes more established. And remember, for your web development needs there are tons of free applications available. Check out http://sourceforge.net to get started adding more functionality to your site.
The above list is a great place to start if you’re thinking of starting a business over the web. They also are affordable and relatively simple to start. If you need additional information on any of these businesses a quick search on your favorite search engine will provide you with more information than you thought possible. Good luck!

The Top 10 Reasons Businesses Succeed

Only one of every 5 businesses makes it to its 5th year, and fewer still make it to 10 years. What do the successful businesses have in common?

1. The experience and skills of the top managers. Over half of business failures are directly related to managerial incompetence.

2. The energy, persistence and resourcefulness (the will to make the business succeed) of the top managers. Many business owners have failed or come close several times before their “instant” success. Don’t give up.

3. A product that is at least a cut above the competition and service that doesn’t get in the way of people buying. There must be a compelling reason to buy; the product is great, the people love to provide service, and the buying experience is easy and fun.

4. The ability to create a “buzz” around the product with aggressive and strategic marketing. Make scarce marketing resources count. Do as much homework about your customers and their choices as you can before investing your marketing dollars.

5. Deal-making skills to sell the product at the highest possible price given your market. It comes down to your customers’ perception of the value of your product and sometimes the power of your personality.

6. The ability to keep developing new products to retain and build a customer base. Consider gradual product development based on improvements to the current product line and sold to the current customer base.

7. Deal-making skills to work with resource suppliers to keep costs low. Keeping costs lower than competitors’ and continuing to look for cost reductions even when the business is profitable is key.

8. The maturity to treat employees, suppliers and partners fairly and respectfully. Trust and respect result in productivity increases in ways that may be difficult to see and quantify.

9. Superior location and/or promotion creating a connection between your product and where it can be obtained. Studies have shown it can take seeing your product or name seven times before a customer is ready to buy.

10. A steady source of business during both good economic times and downturns. Over the long term, develop a product mix that will include winners during good economic times and other winners when times are tough.