Other options to getting an online business

The focus this week was on Affiliate programs and Drop shipping. I am not sure what I would prefer. Running an affiliate program looks like it would be a long process. The key would be getting writers unless you are very good at writing compelling pieces that would keep customers coming back. With affiliate programs if your are passionate about something, it is a way to make money on doing something you love. Drop shipping isn't without it's risks though. Customers see you as the one owns the products and the one who would guarantee satisfaction. It would be important to select the right drop shipper to minimize risks. If you go this route, using the excel quantify template can help make the decision. It is important to determine risks, cost, and any other concern you may have. No matter which option is chosen the process can still be long. Once you establish yourself as a reputable supplier you can start to add more products.

Now is the time to start

Perhaps it is easier than I thought to open an online business. I don't have a special product to sell. I guess I could find one but I think that is rather risky and unsuccessful. I really enjoyed Russell Brunson's video on his Magic Box. This is how I will get started. He, like me, had no product to sell. However he created a product of information. His formula is simple and very successful. His advice was to find someone that is an expert in something and interview them. That information will be the product you sell.

I am amazed how easy he made it sound. I imagine after doing it several times it does come easy. I hope to be that fluent in creating my online business. I wonder how long this type of site could last. Another valuable lesson from this week was BizThoughts, Brainstorming Business Ideas. I'd imagine many entrepreneurs that have online businesses have several online businesses. I expect this site to be very valuable in the coming weeks.