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WAHM > Business Ideas > Finding a business that’s right for you.

Getting Started Tutorial - Step 2: Finding a business that’s right for you.

Now comes the fun part! Brainstorming what kind of business might be right for you.

Let's take a look at your options.

1. Selling a service.

Selling a service is a great way to get started in business. There is nothing to ship or store you simply provide a service like coaching, copywriting, bookkeeping etc to your clients.

Here are a few questions to ask yourself to see if a service type business would work best for you.

Do you enjoy working with people? Do you often have advice for others on a particular area of interest? For example, my sister has terrible food allergies and is always telling people how different types of foods affect our bodies.

It can be annoying when you just want to eat that chocolate chip bagel but she knows her stuff and a nutritionist is a great business for her.

What is your special area of knowledge and is there a market for your information? Click here for tons of service based business ideas.

2. Selling a product. On the other end of the spectrum is selling a product. If you’ve ever been interested in retail but are not interested in opening up a brick and mortar type store this business is for you! You actually have two ways to go when you sell products you can sell products that you’ve made like candles, jewelry, Santa letters, costumes, pet treats etc., or you can find companies that dropship.

Dropshipping means the manufacturer or wholesaler will ship the product directly to your customers upon ordering. Again, the sky is the limit here, you can find just about any type of product you’re passionate about and start selling. For example, are you crazy about dogs, there are certainly wholesale companies that cater to the pet industry.

For more than 85 product based business ideas visit Selling a "Traditional" Product.

3. Selling information. Information marketing is growing by leaps and bounds. What is it? It is selling books, online courses, audio books or courses – anything that can be downloaded online can be sold. Remember in the service based business area where we asked you if you had an expertise on a subject? If you do, you can build an information marketing empire around it. Continuing with the pet theme, if you’re passion and knowledge is about dogs you can create a book about training dogs and sell it online. You could take it a step further and develop an online dog training course, a dog nutrition book, a book about the care and keeping of dogs.

Now if the idea of creating your own information products is not to your liking you can often purchase resale rights to books that other people have written or simply find a good ghostwriter to have them written and created for you. The great thing about selling information is that once you have your system set up and automated, it practically runs itself leaving you plenty of free time to develop more products and of course spend with your family.

For more information on selling an electronic product click here.

4. Information website.

The last type of business that you can open is an information based website. Are you passionate about a particular subject?

 Whether you’re the expert on how to train dogs or how to eat healthy with terrible food allergies, there is a wealth of information you can share with others.

You can develop an entire website devoted to your specialized knowledge.

 

But how do I make money, you might be asking. Information based websites generally make their money selling advertising space. You can also make good money as an affiliate marketer.

This means that if your passion is helping people cope with food allergies and you have favorite food products, cookbooks, and information on the subject you can partner with the manufacturers of these companies to make a commission from any sales you send their way.

We’ve done the brainstorming for you and have developed a comprehensive list of potential information websites. To explore the list and learn more about affiliate marketing visit Information Website.

Next in our tutorial: --> Getting Started: Writing a business plan that works

 

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