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5 secrets to your own online turnkey business
By Admin | July 24, 2008
Many people who want to have their own business dream of owning an online turn key business. A business that only requires that you open the door or turn on your computer (in your ‘jammies, of course) and start counting the fresh cash! What a concept! Where do I sign up?
Of course, the reality is that when you wake up, you discover – usually after having spent several thousand dollars on schemes and “secret systems” – that it’s just a scam to get you to open your wallets.
The hard truth is that such businesses CAN exist, and CAN be yours, but they all require some degree of work on your part. You have to put in the time before you can get the cash, but done correctly, you can create your own little cash machines and they don’t have to be expensive to start either!
So save your $$$, roll up your sleeves, and get ready to do the most important part – coming up with your hungry market! Don’t fall for the next email that says “this is it – your prayers are answered, just send me $2,995 and you’ll know what the gurus know”!
Here’s an example, say you work downtown and you notice that lots of people “brown bag” their lunches, sitting outdoors to enjoy the food. Hey, maybe they would like to have a choice – how about fresh hot dogs, salads and cold drinks – from your little mobile hot dog stand? Those people represent a “hungry market” at lunch time, why not “feed their need”. In my own town, there’s a lady who serves in excess of 100 people a day from her lunchtime only stand, at an average of $5 each! Even if that’s only a 50% profit – I could stand $250 a day for perhaps 4 to 5 hours of sociable work.
To start you thinking, here’s a short list of hungry markets/topics:
Foreclose notice recipients
Debt relief seekers
Weight Loss/diet information
Anxiety/Stress relief
People needing resumes
Scholarship seekers
Dating/relationships
At this point, you will need to start considering how you can identify the specific need within these groups. For instance, diet information for diabetics might be an niche for your online turnkey business in which you have an interest or experience.
Next time, we’ll look at determining how large the actual market is, so that you can judge if it would be profitable or not.
Topics: Online Business, Online Home Business |