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Starting an Online Internet Business May Not Be As Expensive As You Thought

Have you ever wondered how much it would cost to start your own internet business? This is one of the most commonly asked questions, and you may be surprised to know that you can start an online internet business quickly and for relatively very little money as opposed to having to come up with thousands of dollars to get started.

One of the reasons internet business is such a great business to pursue is because you can start your business fast and cost effectively. Also, your ROI (return on investment) is very fast with internet business versus other businesses which could take three years or more to start making a profit. Once you’ve made the decision to start an online internet business, there are eight important tools you will need to get started.

1. WEB HOSTING

The first is you will need to have a place for it to live online – a website. And with that, you will need a web address and hosting. The web address is what people will type in to find your business, and the hosting is where the site exists online. You can obtain your own web address for less than $10 and hosting will only cost you between $60-$100 per year (or less than $10 per month). This is incredibly cheap!

2. EMAIL LIST MANAGEMENT

Secondly, you will need a good email management system. Why? The biggest asset and money earner of your business are in the people who have found your site, expressed interest and signed up for your e-mail list.

Even if you do not have an email list yet, you will need to have a system in place even before your site goes live so that you can communicate with your community of followers. Try to steer clear of free or extremely cheap systems; you want a really good service that is reliable and trustworthy because after all, your list is the life of your business!

3. SITE DESIGN

The third tool you will need is to make your site “live” online. Don’t become overwhelmed thinking you have to design and code the site yourself. A wonderful free tool called WordPress can do all the hard work for you, making it easy to update your website yourself, therefore eliminating costly web designers and programmers. Internet Business Mastery also has many tutorials to make the process headache free for you. If you still would like someone to do the entire setup for you, there are assistants who for $50 or less can help do the entire process for you.

WordPress offers many templates and themes which can give your site a customizable look of its own. Premium themes are also available which are an upgrade in design quality. Premium themes are also very affordable, only costing you between $70-$100.

4. PAYMENT PROCESSING

The fourth important thing to starting your own internet business is to have a good payment processing system in place. There will be a time when you will need to process credit cards and give people the ability to purchase things through your website. Having this system in place enables your business to work for you even when you are not – 24/7, 365, anytime. There are many free services such as Paypal, Ejunkie, and more that will process your orders for you, or you can upgrade later to something like 1ShoppingCart which will give you more functionality and features.

5. BUSINESS ENTITY

The fifth thing you will need for your internet business is to think about creating a business entity for yourself. The first kind of business entity is a self-proprietor in which you will do business through your own personal tax statements and all liability is on you personally. Another option is an LLC, which will protect your personal assets and family by keeping the business separate. An LLC is as easy to create as filling out the forms yourself for $20-$30. Or if you choose, you can have a lawyer file the paperwork for you for $400-$500 and give you the confidence that the paperwork is filed correctly.

6. YOUR PRODUCT

The sixth thing to think about is you are going to need a product to offer. Since we are talking about internet business, you may not need to manufacture and sell a physical product. Information products are a great idea and can eliminate production needs and costs. Everything is digital, and will only cost you your time. These types of products sell at a high margin, and can be delivered digitally to your customer.

7. TRAFFIC GENERATION

The seventh tool to get your internet business off the ground is getting traffic to your site. People need to be aware of your presence online! IBM’s methods for getting traffic are either completely free or very inexpensive. Content marketing is where it’s at – which means you are generating regular, authoritative content specific to your niche of marketing. This gets the attention of your market, and magnetically draws them to you. Some other methods to generate traffic could be through paid services such as Google Adwords, paid advertising on Facebook, mailings, or ads in magazines.

8. MENTORSHIP

The eighth and final tool you will need – and which is often overlooked – is mentorship. Mastermind groups can be a roadmap on your journey of internet business. The Internet Business Mastery Academy is a great place to go for invaluable feedback, guidance, and advice from those who have paved the way ahead of you in their own internet businesses. This will save you time and money in the future by avoiding pitfalls and mistakes. You can even receive a risk free trial membership to the IBM Academy to get you jumpstarted.

MASSIVE RETURN ON INVESTMENT

As you can see, owning your own internet business is very affordable, and something you can see results of in a matter of months instead of years. For as little as a few hundred dollars, you can have your own viable business versus $30,000 for a franchise or something similar. A couple hundred dollars for freedom and fulfillment are very worth the cost!

Toll Free Phone Number Benefits For Your Home Based Business

Starting a home based business is a journey of many difficult steps. After defining the company’s target audience and what goods or services to offer, the next task is establishing the company – developing name recognition, a reputation and client loyalty. Utilizing the capabilities of an established toll free, or 800, phone number can aid a home based business in doing all these things and more.

As is the case with most start-up business ventures, creating a good first impression is paramount when connecting with the customer base. Unfortunately, one of the biggest hurdles that home based businesses face is that they lack a physical storefront. A tangible storefront provides ever-essential validity to a business’s reputation. Having a toll free phone number can help create a virtual storefront for any home based business.

Many consumers see businesses that have an accessible phone number as a legitimate establishment. In fact, according to advertising research surveys, businesses that have toll free numbers are 30 percent more likely to receive product orders or customer calls than those businesses that advertise without such a number. So, even though the customer may not be able to walk by the business and visually see products or employees, they can still call a number and know they will get an answer and proper customer service.

Furthermore, a toll free phone number gives a company the ability to sell goods and services outside the business’s local area. For a consumer, this means unlimited and unrestricted access to the business and what it has to offer. For the business itself, it means no limit on growth. Since the business isn’t physically nailed down to one area, the company becomes portable. This flexibility is especially important because if for some reason the home based business owner moves to a new home, the established connection to customers stays intact.

From a marketing perspective, being able to offer a toll free phone number in promotional material presents the opportune chance of establishing a home business’s brand and reputation. Without appearing coercive, using a toll free phone number on company literature draws attention to the business’s credibility. This can be even more effective if the business owner chooses to incorporate a vanity number – a toll free phone number whose last seven digits spell out the business name or the product the company sells.

This type of number makes it easy for the customer to remember how to reach an establishment with questions or orders. Additionally, the product or brand is perpetually promoted when the number is mentioned without any extra marketing cost. While surveys indicate the effectiveness of simple toll free phone numbers, they also suggest that ads bearing vanity phone numbers are 14 times more likely to receive a customer response than if they have a toll free number alone. This sort of number can put home based businesses on the same advertising level as those businesses with a physical storefront.

Potential customers also respond well to 800 numbers because they know this method of business communication will cost them nothing. For example, if a business charges for phone consultations or services, customers will be unlikely to take advantage of their offers. However, providing a toll free phone number suggests to potential clients that a business holds customer service over the mighty dollar. This develops customer trust, ultimately resulting in successful, long-term consumer relationships.

These relationships make toll free phone numbers a good opportunity to tout great customer service – something that smaller home based businesses can offer better than huge corporations with thousands of employees. If a customer has questions or concerns about the product or service, that person will be more likely to call if they know they are going to get an answer, not a long list of automated responses.

Unfortunately, many home based business owners are under the assumption that their small budgets won’t afford a toll free phone number. However, the telecommunications industry is fairly competitive. As a result, toll free phone numbers aren’t as expensive as most assume. There are a number of online providers that offer monthly service that includes minutes and call forwarding. Most plans also allow for growth so a home based business can start off small and upgrade their plan as they grow.

Article Marketing – Secrets to Successful Business Article Marketing

Business article marketing is somewhat different from other article strategies. In fact, many traditional businesses do not realize how much they can benefit from these internet marketing strategies, even if they only operate locally. But in a world where almost all consumers research products and services over the internet before buying, brick and mortar businesses cannot hope to compete without a competitive internet marketing strategy.

Business article marketing should be one of the primary internet marketing methods used for a brick and mortar business. Besides being completely free, you will find that it is one of the easiest venues on the web to limit your readership to one local area only. It is also the easiest and quickest way to get ahead in the search engines if you are behind on bringing your business to a prominent web presence.

The most important thing to remember when using article marketing, or any internet marketing for that matter, on a local basis is that you have to treat your location as another primary keyword. If you are selling ski equipment in Seattle, then you need to include the keywords ski equipment and Seattle in everything you do. Your articles are no exception, and should contain a one to three percent density of these keywords.

You should also be sure that you include your location and service area in your author resource box. This will help people understand that if they want to visit your website they will only be able to benefit from your products or services if they live within your area. You might also encourage traditional over ecommerce business by offering discounts to those in your local service area, even if you are willing to ship elsewhere.