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Tuesday, February 9, 2010

Are Web-Based Businesses a Sham?


Question: I’ve heard a lot of hype regarding so-called “web-based businesses”. I’m looking for viable side income opportunities. Are people really making money with web-based businesses?                                                                                                             
 L.D. Winnipeg Manitoba

Answer Marc Charles: The answer is yes! I’ve launched, bought, sold, managed and advised dozens of “viable” web-based businesses. Many of these ventures were profitable and made money.

Granted, there’s a ton of misinformation on launching (and running) a web-based business.  

For instance, in most cases you will need a computer and Internet connection. But I recently met someone who’s making  money (selling used books) without a computer or Internet connection. This person outsources all of the computer and Internet work.

But in most cases you will need a computer, basic computer and Internet knowledge, and an Internet connection.

I have two questions for you.

Do you have the time and energy to focus on making a web-based business profitable? Or would you rather purchase a web-based business which is already successful?

There’s nothing wrong with either approach.

But entrepreneurs are on a shoestring budget may not have the capital to purchase a going business. These entrepreneurs are content building something from the ground up (which can be done easily).

Whereas other entrepreneurs prefer acquiring a ‘plug and play” web-based business; one which is already producing revenue.

There are a ton of resources for identifying legitimate web-based businesses you can start from the ground up, such as Early to Rise, my newsletter Profit Center Dispatch, The Liberty Street League https://web-purchases.com/LSL/ELSLL214/landing.html and Marc Charles Reviews http://www.marccharles.com.

The two best resources for identifying viable web-based businesses for sale are SitePoint Marketplace and Viper Business Listings.

You can also find a great selection of web-based businesses and domains for sale at GoDaddy.com and BizBuySell.

I hope that helps!
 

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