I believe these small scale business ideas are possibly worth at least $1,000 to the right person. I say this because it really can make you a lot of money if you see the value in the strategy held within it. If you’ve finally realized that it’s virtually impossible to go from nothing to making $5,000 a month on complete autopilot, well, firstly, let me say congratulations. You are ahead of the pack, you’re going to stop blowing your hard-earned cash unnecessarily, hurting your finances and those around you that you’re trying to protect.
Secondly, let me say that the small scale business ideas that I’m about to present you with are straight forward, but they do take some effort, everything worthwhile does to some degree. They will make you money and hopefully lots of it, given enough time.
Small scale business idea #1: Create Value
This is the easiest way to start and the following small scale business ideas branch off this central concept. You have to create value. Marketing is all about an exchange of value. The more tangible and real it is, the more valuable it is.
For example, selling a service where the results are guaranteed or obvious is a lot more valuable than selling hope or possibility, which a lot of Internet Marketers try to sell. For example, if you build 50 backlinks a day for 100 customers, charging them $5 per month, that’s value right there. It’s verifiable, it’s definite and it’s real.
Small scale business ideas #2: Sell It
This is where it gets interesting. As good as $500 a month is, you simply don’t have that sort of time to spare. Since you’ve already done all the hard work finding the customers and have established trust with them, it’s the right time to sell off your business for a massive profit if you choose.
In most instances it’s quite normal to expect to sell this type of business for something in the region of 12 times the monthly revenue for an online business, meaning that getting paid $6,000 for your $500/month backlink building business is realistic.
#3: Rinse And Repeat
When I made my first sales in Clickbank, I always spent my earnings. I was an affiliate wannabe back then. The one thing that separates the pros from the wannabes who have nothing to show for all the time spent in Internet Marketing , is having the discipline to reinvest their earnings back into their online business, whether it be in new tools, new knowledge or in scaling up that business.
With your $6,000 windfall, you will feel extremely tempted to spend it on that new 50” 3D TV you’ve had your eye on for a while now. Evolve yourself and realize that instead, you could reinvest this sum entirely into starting five new backlink building businesses and sell those off for another $3-6K.
The only difference now will be that you’re getting someone else to do the labor for you, while you do all the promoting and locating of customers. Or if you like, you could even outsource the marketing as well and simply sit back and watch the income roll in.
Whatever the case, these small scale business ideas will do nothing on their own. As always you have to take some action to make it work. Stop dreaming about it and actually do something. Don’t let the setbacks get you down. Let the disappointment empower you and propel you forward into running a real business that can enable you to proudly declare that you indeed are an internet entrepreneur.
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Comments
“Stop dreaming about it and actually do something.”
Most important sentence in the whole article. You can learn everything. You can be the smartest at SEO, business ideas, customer relations, clickbank products, but if you do not apply your knowledge – you are nowhere.
Start taking action!
G’day Brock,
welcome back mate, yes you’re right until you take action nothing will happen, not till you put that knowledge to work. Unfortunately information overload prevents many from taking the action steps needed to actually achieve their goals. Starting a business online can be a bit of a learning curve, the best way is to only focus on what is to be accomplished right now, learn the right steps, then implement, then move onto the next step. Avoid any ‘shiny object’ that comes along, if you don’t need it now, ignore it until you do.