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Difficulties in Finding a New Income Opportunity

Many people will come across this web site and others like it trying to find ideas for new businesses or income opportunities. There is a massive market in work at home opportunities, internet marketing programmes and seemingly easy ways to make money – online or otherwise!

Take the example of affiliate marketing (using the internet to market products for others and thereby obtaining a commission) – this is frequently touted as being the best way to may your fortune. You can give up your day job and work from home if you diligently follow a program provided by one of the many internet “gurus” who apparently have made $millions from just this.

It always struck me as odd why so many people should give up their lucrative time to become teachers? One or two may have altruistic tendencies but so many…if the internet was so rewarding I would be doing more of the same to make money…not telling others how to do it.

There is no doubt that some do make good money and others see a better way in selling a program “how to..” A friend that I know has been heavily involved in internet marketing for over three years now and I believe that he makes a modest income now – also promoting very real products as a marketeer in addition to earning commissions as a simple affiliate.  I was interested when a couple of years ago he put up for sale all the internet marketing programs that he had subscribed to learning his trade. There was over $30,000 worth of products on offer as a job lot. The photograph showed neat packs of DVDs and manuals for dozens of program he had tried!

If the truth be known, he has settled down now selling a product using internet methods and is earning a good return. The “secret” techniques were no so secret – everybody seemed to know how to get a web site to rank for particular keywords. Yes, there are ways to fine tune this approach, but the basics are easy to pick up – many internet sites provide free advice how to find a valuable key word, build a suitable web site and optimize it for the search engines. At the end of the day it is hard work, research, diligence and application of a sensible approach that will bring results.

Earning super profits needs skill and entrepreneurship, not something everybody can easily do. However, many people seeking a new income opportunity are looking for just that, an easy way to make super profits. Very often they want to replace a boring and hard working day job with easy riches. This is the wrong approach. As was seen with the internet marketing example, you give up one day job for another – albeit one you have chosen so that you can work from home. You can make money from many of the income opportunities you find from browsing, but you need to treat everyone as a proper job or business – putting in the time and very often having to make an investment.

The advice from business opportunity market is to research, research, research. You need to clear the rubbish from the few good ideas out there. When you do this you will distill the different income opportunities to just a few and see that each one, though there may be hundreds or thousands of variations and seemingly different ways of making huge sums of money, will all boil down to a few methods which need to be applied rigorously and sometimes a little creatively to make them work. For example:

  • Internet marketing – whatever you are selling your own product or somebody else’s, or pursuing pay per click revenues from Adsense, you must be able to set up a web site and encourage a lot of traffic to visit it. This means understanding the value of keywords, using them to build web sites and learning how to optimise the web site using back linking techniques. These take time, effort and often money. The more organised and slick you work, the better return you make. To make “megabucks” you will employ webmasters, employ content writers, pay for back-links and optimisation. You will be managing an business like any other with staff and other overheads. By now you will be in more expensive offices rather than working from home.
  • Import Export – often gets a bad press as being another waste of time income opportunity being sold in the form of a “get rich quick” program. However, international trade is what makes the world go round and most of the global millionaires will be involved in some way or another – whether you are a billionaire arms dealer, an oil trader or import shiploads of containers from China to the USA or Europe. Sourcing products and finding buyers are key shills in the employed marketplace and having a go from a home business is as good a starting point as any. It is not difficult finding products to sell – it requires hard work and skill to get one that will make you a lot of money.

The difficulty in finding a new income opportunity is getting past all the money making hype you will find and understanding the simple ideas behind any business. Then you have to decide whether or not the business will suit you and your skills. If it does you have a lot more focused research to do and then, and only then, you might be in a position to invest some money into the best training program, agency or consultant (or but trade journals, books, memberships etc) to further build up your knowledge of your new business.

Business Opportunity Leads That Convert

As in any commercial enterprise, you must have sales leads in order to sell a business opportunity program effectively.  If you don’t have potential customers then you can not convert them into true customers.  There are two kinds of leads, high quality and low quality, and if you concentrate on the wrong type then you will waste a lot of time and not have much to show for it.

The people you do not want to spend time with are people who used car salesmen call “tire kickers.”  In the car business these are people who come into the store and waste a lot of the salesperson’s time but do not do any buying.  It is the same thing when you are trying to develop business opportunity leads.  There are a group of people who are always looking for free information so they can start their business one day.  But in reality that day never comes, they never actually start any kind of a business, and they never buy a professional program that would help them to be successful.

The second type of lead are the ones you really want to focus on.  These are people who are actively looking for an opportunity and they are willing to purchase a program to get the needed advice.  One way to find these people is to buy someone else’s list of people who have already bought a program.  These customers have proven they will spend money, and they have shown they are interested in your type of information, so this is the hottest list there is.

The fact is, there is really a very small amount of people who will actually purchase information online for a business opportunity.  The key is to give away enough free stuff to get peoples email addresses and then start your own message sequence to the list your are building.  Many marketers say their list is their most important asset.

An old marketing axiom goes, “If you want a successful restaurant, you have got to have a starving crowd.”  This is so true and in this case you have to have people who want to start a business and are willing to pay for the information they need to have successful online opportunities.

Earn More Money

Wanting to be richer and to earn more money is a normal part of human nature. For some, whatever money they have at the moment will never be sufficient and they will want to earn more money than the next person. For other people, there is a need for money to simply survive. However, for most of us interested in learning how to earn more money through the internet there is a desire to control our own lives, work from home and get away from working for others.

Earning more money needs a change in attitude. Do not think that you can surf the web for a profitable business opportunity so that you can earn more money online, follow the instructions and expect to quickly replace your present income with your new work at home business. There is so much more to creating a successful and profitable lifestyle than that.

Let us first assume that you are able to choose a potentially great business plan that promises to teach you how to earn more money from home. The task of finding such an ‘instruction book’ is a major one and will be discussed in future articles (In fact this is the subject of many articles on this web site).

Just having a good idea of what you want to do will not allow you to make money with the likelihood that it will cost you more than you eventually make! If you are used to traveling to a factory or an office each day, and perhaps you are still doing this while your home based business gets established, you will expect colleagues to talk to, things done for you and support systems to fall back on when things go wrong. It is not always easy to find support when running a home based business!

Working from home can work, after all it is what you needed in order to be in command of your own destiny. you must quickly get used to having no interaction with other staff and develop a strong self motivated work ethic.

You need to develop a framework in which to work. Even if you are working part time to supplement your day job you must set aside however long you can spare each day and stick to this routine religiously. Setting targets for productivity is a sensible idea. Instead of looking back and fretting that 25 hours worked in the week has not produced any results, look back and seeing 10 potential sales secured is a better motivator.

To be successful at a home business and replace your current income or to just make a bit more money, you must apply yourself diligently to your tasks, be realistic in your aspirations and set your targets regularly.

Make Money Now

Most business start-ups require time before they produce an income. Time to find customers, time to develop an authoritative web site that attracts adequate traffic and time to learn what works and what doesn’t in your chosen area. What do you do when you suddenly find yourself in the position of having to make money now. This situation means that you have no income – or too little for your needs and you have to address the situation immediately.

So if you need to make money now, short of robbing a bank it can be hard to generate cash quickly. What you can do if things are very tight is to liquidate some of your assets. This means selling some of your treasured possessions or it can mean getting rid of some of the unwanted junk that you might have accumulated over the years. This is where eBay or some other online auction site can help you to make money right now.

However, if it is a case of simply wanting to speed up your money making capability, a different approach is required. This situation assumes that you may just have enough money to live on, but you are either short or want to improve your income in order to enjoy a better lifestyle. You probably would not be interested in any business that needs time to grow and mature before the money starts to flow. For example, internet marketing requires that you set up web sites to attract traffic in order that you can earn money from your visitors interest in the products on your site. Getting enough traffic can take time – search engine optimization can be a slow process.

One of the best ways to make money now is to look at your existing job or business (or both if you work and have sideline businesses). If you examine what you are doing now, there is strong chance that you can do some aspect of it better. Do not ignore what you are doing at the moment thinking that something new will pay better. The framework for what you are doing now already exists and it is likely that with a bit of tinkering you can ‘tune’ your activities to very quickly bring in more income.

Example – your current job

It doesn’t matter what you do – you can ask for overtime or, if your job does not provide for this you can negotiate a productivity based bonus perhaps. If either of these ways is not possible you may be able to duplicate your skills in your own time for private clients or for another employer. Try the outsourcing website elance.com

Example – a sideline business

If you currently have a sideline business you must step up the effort you put in! Instead of working as and when you can, set aside a specific amount of time each day. Even when you are tired after a full day at your normal employment, you are going to have to put in a further 2 or 3 hours in the evening working on your business – if you want to increase the potential income quickly. For example, if you are trying to raise your web site’s profile in order to receive more money making traffic – you simply need to write more content for your site and more content to submit for back links. The more you write – the more traffic will come!

In order to make money now you must be prepared to put in extra effort – there is no doubt that by increasing the diligence with which you approach either your day job or your own business – there will be a corresponding rise in income almost immediately.

No Cost Work at Home

If you are thinking of working from home, to earn extra cash or to replace your full time career, but are unable to afford much in the way of investment, there are ways that you can get started. In fact working from home in many different fields has one of the lowest start up cost requirements of all profitable business opportunities.

You can start from two points:

1. You already have a computer and therefore its cost does not need to be factored into your business start up.

2. You do not have a computer and buying one would be prohibitive.

I am going to assume that you must go down the route of starting a business without a computer – and are unable to simply go out and buy one. At $1000 typical cost, they are a significant investment.

The alternatives that involve both working at home and no investment can include some of the following ideas:

  • Taking in dogs for owners who work a full or long day. You would be able to care for 2 or 3 dogs, talk them for walks and keep them happy and secure. If you have a garden you could fence off a run area. Clients would drop off the dogs each morning on their way to work along with food supplies etc.
  • A similar idea would be to provide care services for children after school for example. Depending on your place of residence you may need some form of accreditation for this!
  • Envelope stuffing/jewelry assemble etc. This can be hard and mundane work – but it is possible to earn for no outlay.
  • Writing article copy for friends and contacts (subcontract your services to Internet marketers)

Your options increase dramatically if you are happy to work in clients’ homes, other venues etc. You can be more flexible in your approach – clean cars, collect shopping etc. However, without even modest investment, no cost work at home businesses are a little limited in their scope. Setting up a home business on a shoestring, i.e. you can invest a little, is much more likely to result in success. It is very true when they say that you do not getting something for nothing! Also guaranteed profitable businesses for no cost are likely to be scams – there will be a cost somewhere and it may be hidden at first.

Business Opportunity Market’s advice to anybody who wants a no cost business to work at home is that there always has to be a little cost – little cost, little effort = little return. Real business opportunities require some investment and a lot of commitment.

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