Friday, October 19, 2007

The Business of Online Business


We've all heard the lines- "Make 20,000 monthly", "Live the Life of Luxury Today"- you name it, people say it in regards to running an online business. Unfortunately, it is not that easy. Achieving any level of success online requires an extensive amount of time and effort. Product research, setting up product lines, distribution, keeping track of inventory and sales, marketing- the list goes on. The more time you put into it, the better the returns. It is really not that different from having a brick and mortar business. Imagine opening a business in your town and you simply fill the place up with inventory and then just sit back and wait for customers. No promotions, no advertising- nothing. I can't say that it will always fail but chances are high that it will.

Many people think that by starting a business online, money just flows in and you simply sit back and enjoy the profits. I heard as much on a radio commercial last night. Business requires work and anyone that tells you that you get rich quick by simply having an online presence is not being honest. The scheme is always the same- send in a nominal fee so that you can 'learn' their secrets to success. I can tell you what their secret is--the thousands who send them fifty bucks for their magic solution. It's nothing new. Way back when people sent in money to find out how to make thousands addressing envelopes in their homes. Of course it wasn't true but thousands would send in money for these scams. Today it is not that different- just a high tech face on an age old scheme.

If you are looking at the world of e-commerce for your product line, by all means go for it. It is fun, exciting and you meet some really interesting people along the way. A combination of hard work and ingenuity can have handsome rewards. Just be careful. As with anything else in life, there are always people who are looking for those most vulnerable with promises of easy money.

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