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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 and Marc Charles Reviews

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 and BizBuySell.

I hope that helps!

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