1) Network Marketing: This is also referred to as MLM. Whatever your internet business entails, you should expect to use some of your earnings to upgrade your business and its offerings as time passes. In such a marketing you become a customer, cum agent, of the company that provides some specific services and you will have the power to recruit a specified number of people below you, who will further recruit people beneath them.
Right from event planning, pet sitting, catering services, consultancy services in finance or healthcare, etc., anything can turn into a lucrative business opportunity. Besides being aware about the intricacies of network marketing, you must have the ability to generate MLM leads.
If you possess good marketing skills and interested in global exposure you can go for affiliate marketing in which you are required to do promotion of a company’s products and services. The message here is that any pre-packaged business opportunity that sells in the $500 to $10,000 range is typically worthless and a complete waste of your time and money.
As I said before, I’ve bought into about 20 online business opportunities. For more options, you can make a list of home based businesses that interest you and choose from them. The franchise fees alone are often prohibitive, running into tens of thousands of dollars even for the lesser known businesses, or several hundred thousand dollars for better known companies.
3) A thorough market analysis of the business environment you are going to work in needs to be done so as to find out potential opportunities or threats you might encounter. Small businesses provide an opportunity to investors with little money, to enter the market with some good business idea.