Tuesday, April 21, 2009

The New Internet Start-Up Boom: Get Rich Slow

"At no other time in recent history has it been easier or cheaper to start a new kind of company."

If you are thinking about starting a business, here is an article that might give you some good ideas and some inspiration.

Don't get the idea that we are talking about easy money. This is not "easy" for most people. It is hard work and can be lots of work. What you can learn here is that there is lots of opportunity if you can find it, and you can do it for very little money if you are capable of putting everything together.

The article describes the startup of a web site that would summarize car reviews from other sources and rank every model of new car. The creator put it together himself by contracting for development help through various sites on the web. He is not a developer himself. The article provides links to many sites where you can find contract help.

One of the investors quoted in the article says, '"The biggest problem facing any website is distribution." In a world where it's so easy to start a company, how will anyone find yours?' For participants in our free Internet Marketing Clinics, this sounds like an invitation! That is exactly where the skills and techniques we teach can become a competitive advantage to help make your business one of the successful ones.

One other point made in the article is that the cost of failure is low, and that is important because it means you can try lots of ideas in order to find one that works for you. In other words, you might expect that your effort will not succeed, but that does not mean that it was not worth trying. With a low cost of failure, you can go on to try other ideas which might become successful.

My grandfather always told me, "There's more than one way to skin a cat!" (apologies in advance to cat lovers, I never actually skinned a cat, nor intended to!!) So keep that in mind as you start out on your business venture and be prepared to regroup and start over if it doesn't work out. Successful entrepreneurs often have multiple failures before they hit a success. Keep swinging until you connect with the long ball!

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