You may ask the question why on earth should I start an internet business? Do they work? What about the 1990 dot.com bust….Are people buying products on the internet? You are not alone in expressing these fears about doing business on the internet. Statistics for 2005 indicate that :

- A billion people went online and that 250 billion searches were done and the total online sales accounted over $170 billion Source- Forrester Research.

-An increase of 200million people going online was projected for 2006, and growing by 2billion by 2010 with a projected 20% increase in internet sales Source- FTI Consulting

2 million eager buyers visit Ebay every day . From this we can see a trend where the money is actually going away from the traditional retail business model to the internet. This is happening whether people like or not or even notice it. People are spending their money on the internet with their credit /debit cards . You may then ask the reasons for doing business on the internet as opposed to the traditional business model. These are some of the reasons:

-Convenience- Why do you want to live where you work when you can live where you want.The internet affords you the chance to live anywhere and still be able to work. You can sell your products to customers all over the world from any place. You do not have to live in the same place where you are working.

-You can wake up when you want .Your business is open to customers 24hrs a day and 365 days a year

Enabling your customers to come to your store (website ) any time of the day or night and still be able to be served.

-No staff to pay as well as no premises to rent

-Freedom …your business can be almost 100% fully automatable -you can keep your job if you like and the business will keep on running without having to be there all the time.

-You can create as many businesses as you can.

-Begineers can do it.
Examples

Patric Chan, Penang, Malaysia, a 26 year old with no college degree - He now sells self help ebooks and Cds on the internet for $97. 78% of his customers are in the USA. He makes over $6000 per week .All he does is to sell INFORMATION

Jo Han Mok, Singapore….started internet business part time during college in 2001,with his own ebook. He partnered with big name experts in order to sell his ebook to their Lists. His best month of sales was $256,535

This is no chance or luck but a system that ensures the customers are being served even when the owner is not around.