What is the best out there ?
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What is the best out there ?
Hello, I would like to enter into the web business. Which site makes quick and big money these days...like shopping sites....or dating sites...Which is the best one out there when it comes to monetary benefits ?
Re: What is the best out there ?
If you're talking revenue, I'd say either Amazon or Ebay are the biggest.
Re: What is the best out there ?
Google is number 1 
I guess that Pytrin asked about the most profitable direction of business on-line.
Actually, there is no silver bullet. But here are several advices:
1) Create unique and useful service.
2) It is very expensive. Estimate costs (time, money) as accurate as you can.
3) Multiply your estimation by 3.
4) You should know exactly who your customers are.
5) Your customers should know what you are selling and what price you are selling at.
6) You should know your competitors. Why your service is better?
7) Prepare yourself for waiting. It will take a lot of time before you start getting your money back.
8 ) Believe in yourself. Never let yourself despond. Don't give up!
It is very very very hard to start your business on-line.
Do you still want to proceed?
Yes?!
Bless you!

I guess that Pytrin asked about the most profitable direction of business on-line.
Actually, there is no silver bullet. But here are several advices:
1) Create unique and useful service.
2) It is very expensive. Estimate costs (time, money) as accurate as you can.
3) Multiply your estimation by 3.
4) You should know exactly who your customers are.
5) Your customers should know what you are selling and what price you are selling at.
6) You should know your competitors. Why your service is better?
7) Prepare yourself for waiting. It will take a lot of time before you start getting your money back.
8 ) Believe in yourself. Never let yourself despond. Don't give up!
It is very very very hard to start your business on-line.
Do you still want to proceed?
Yes?!
Bless you!
Re: What is the best out there ?
I don't believe there is any sort of website that you can write, put online, and make a profit from. The revenue never covers the cost of setting it up*. The money to be made on the net comes from selling something ... usually providing goods or information or a service beyond merely using the website. The biggest challenge in writing a service website (eg dating) is that the cost to enter the market is incredibly low because anyone can write one and put it online, so there's always hundreds of them around. In order to promote yours you have to spend a lot (like match.com and dating.com do). There's absolutely no chance of making any money if you're going to rely on traffic from search engines or word of mouth unless you're in a closed market (eg Facebook... started at Havard Uni... word of mouth works in an environment like that, but wouldn't on the net).duhasteme wrote:Hello, I would like to enter into the web business. Which site makes quick and big money these days...like shopping sites....or dating sites...Which is the best one out there when it comes to monetary benefits ?
My advice, if you want to make money from writing some code, is to find clients who are willing to pay you to write software for them.
* if you include the time you spend writing it that you could be spending writing code for a paying client.
- volomike
- Forum Regular
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- Joined: Wed Jan 16, 2008 9:04 am
- Location: Myrtle Beach, South Carolina, USA
Re: What is the best out there ?
I'm afraid you'll want to hedge your bets and also try stuff. And it's not just that you can jump in and garner some kind of marketshare in a certain area. The way you implement something -- your style, flair, tenacity, performance, marketing -- a lot goes into that equation to make something a success. I also think you'll need to start small with smallish ideas and grow from there. I think I'm finding that large ideas do nothing but suck money away and implement too much risk because you waste a lot of time building them before you find out if something works or not. I think a lot of great ideas happen by accident, or by a smallish idea that goes big, such as Twitter or Reddit.duhasteme wrote:Hello, I would like to enter into the web business. Which site makes quick and big money these days...like shopping sites....or dating sites...Which is the best one out there when it comes to monetary benefits ?
There are a lot of ways to make money on the Internet:
- advertising
- selling a physical inventory
- drop-shipping (pretending you have a physical inventory but then pulling stuff from other wholesalers or retailers and drop shipping)
- transactions (such as bringing up an eCommerce or CPC Network)
- digital revenue (Myspace/Facebook doodads, eBooks, WordPress themes, sounds, icons, etc.)
- digital subscriptions (classified listings, pr0n site access, forum access, etc.)
- MLM (unfortunately I have to include them)
- building content-based website, building them up with content and ad revenue and regular visitors, then flipping the sites for profit
- buying and selling other kinds of sites -- not just for content, such as purchasing a subscription site because you see more worth in it then perhaps the original development company
- buying and selling domains
- consulting
- being paid to rate/review one's site by multiple factors and give them a report
...and new ideas come up every day
A few good forums for learning more about this are:
- WickedFire.com (watch out -- rough crowd; they also mix with the adult ent. empire, so watch out; but good advice comes from there too)
- CashTactics.net (more friendly to noobs; less rowdy)
I also recommend finding an Affiliate Marketing workshop in your state, such as from Meetup.com or just keep Googling, and then pay like $250 or whatever to learn a lot from it.
A lot of people who start out do something called "Bum Marketing". They sign up on a CPC, CPA, or CPM Network and then start building landing pages or blogs to peddle someone else's stuff. For those web visitors who click through enough times, or actually make a purchase, they get a bit of the income like a penny here or there. That's why it's called Bum Marketing, because you're like standing there with a cup, in a sense, and not having to do that much. The trick in this game is to bring up lots and lots of sites or landing pages, know which keywords in the CPC/CPA/CPM Networks are worth venturing off with, and learning how to automate the process with Perl or PHP scripts. Eventually you're not just getting visitors from social networking and social bookmarking sites, but you're reinvesting that income by buying ad space in various places (especially search engines) to drive new traffic in. But anyway, this concept starts off cheap, but then gets pricey and sort of like gambling with your dollars every day. Some get really good at it. Some fail. And then there's also the fact that once you get this established, you can branch off into other efforts, such as financing some subscription websites, in order to scale up and move beyond Bum Marketing.
All and all, you need to try and get a passive income started. Google what passive income is. Then, begin an active income on the web on top of that.
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infiniteacuity
- Forum Newbie
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- Location: Ft. Lauderdale
Re: What is the best out there ?
The custom development section of our company (http://www.mvisolutions.com) has been in business for 10 years building new web applications and websites for people such as yourself. Over the years we've come across a number of both good and bad ideas for the web. The most successful clients are the ones that take the necessary time to formulate a proper business plan and budget to grow their business. The "fly-by-night" operations tend to build something quickly and then fade away when they aren't instant millionaires.
I suggest you take the due dilligence to ensure you have a proper plan laid out, this will increase your chances of being successful.
I suggest you take the due dilligence to ensure you have a proper plan laid out, this will increase your chances of being successful.