Lesson 2 of a 1st Time Enterpreneurs Course
from Blasho.com Blog 7/13 enhanced by Peter/CXO Wiz4biz 7/14
Lesson #2 – What Really Involves In Online Business ?
So you are determined to start an online business, ask yourself, “What really is involved in online business – when compared to the real world business ? As a beginner, what should know about online business ? Simply saying, you have to understand “About Online Business”. This post helps you in that direction covering the very basics of online business that every 1st Time Enterpreneurs should understand and it’s interesting to learn these things. Read More >>
What is an Online Business? It’s referred to as eBusiness or Electronic business, because it uses the Internet as a platform for all kind of business activities. Normally, Online Businesses are product-based or service-based or information-based, much similar to the real world business. In short, any business that runs over Internet is termed an Online Business.
So what is really involved in Online Business ? To simply explain, any online based business involves any of the following.
Product-based business. Involves promoting, marketing & selling a product either in electronic form or a real world product over Internet. Customer pays money online and receives the product.
Service-based business. Involves fulfilling the need of the customers much similar to the real world business. Initiating a real world service through Internet or directly an Internet-based service.
Information-based business. Involves giving out information about something or anything and getting money for giving that information. Also, giving out information to promote a product or a service online.
Common Factors of these 3 types of O/L Biz. This may seem vague – but don’t worry, it will be clear soon. Basically, when seeing all these types of online businesses one common fact is that “You are paid money for providing something”. That’s the business here. To make these statements clear, Online Business earns money for:
1) Selling a Product, 2) Providing a Service, or 3) Providing Information.
Selling Products. You could sell electronic products (products that are down-loadable directly from Internet) or selling a real world product (involves product shipment to customer). This involves selling your own product or others products. As a beginner or an individual entrepreneur, you could easily sell a product online. There are special systems that make it easy for you to sell a product over the Internet. How much you make, depends on the quantity of products sold & how much you charge for each. You will know about these systems while going through this course.
[ Lesson #2 continued. Providing a Service, Providing Information, Which Platform is best for your Business? Lesson #3 – Preparations for Starting an Online Business, in next Premium Content ]