I can tell you that one of the best ways to make money is by creating an unconventional product or service which satisfies a hungry market. Unfortunately, the lack of creativity is what I notice most frequently in online business. Most websites which market a product or service have a generic look and feel.
Way back during the dot come boom, coming up with the next cutting edge solution was the ultimate goal, and the actual business was secondary. The person who was most creative was the person who would make the most money. In fact, even an amazingly novel idea was worth millions, or even billions. Do you think I am being far fetched with this assertion? If so, visit your favorite search engine, and type in the name “Mark Cuban”. How do you think he became a billionaire? He sold his idea for Internet radio, that’s how.
Just think for a moment. Back during the dot com era, there were not nearly as many websites online as there are today. Therefore, you cannot just create a generic website, with a generic idea and expect to make money. Rather, you need to shout and be seen. However, you want to do this by creating substance, not fluff. One thing that the dot com collapse taught us is that fluff does not get your very far.
Now I have an exercise for you to take on. I want you to turn off your computer monitor, and problem-solve. Think of new and innovative ways to make money. You have the facts on your side. Unlike entrepreneurs in the past, you know that success is highly possible on the Internet. New creations keep on coming via the Internet. Just look at the most recent stars, Twitter and Facebook. Can you believe that both of these websites were actually criticized for breaking tradition. Who do you think has the last laugh.
One thing that you may or may not be aware of is the fact that there are at least 40 billion web pages on the Internet. Simply being another website and hoping to take away market share from an existing niche is not the easiest thing to do, unless that niche is extremely unpopulated. Otherwise, your option is to identify a need, and fill that need. For instance, Twitter satisfies a need to streamline information quickly to a huge number of people at an instant. Twitter found a niche in Internet communication, and used it to their advantage.
Going back some decades, Walt Disney was a very non-traditional thinker. Similar to Facebook and Twitter, he was ridiculed in his early years. In fact, many business geniuses are ridiculed prior to demonstrated success. For instance, the press doubted that Disneyland had a chance of survival, and referred to it as “Disney’s Folly”. Funny huh? I wonder who got the last laugh.
Just know that if you have an idea which goes against conventional thinking, expect people to put that idea down. Just think back to the year 1996. You are excited because you have determined that you are going to develop an online business in which you will give everything away for free. What do you think would happen if you were to have shared this concept with your friends or family? They would probably have given you their movie money and thanked you for the comedy.
The funny thing is that a company did actually develop on Internet business which was based on giving away everything for free. This company is called Hotmail, and they gave their e-mail platform away for free at a time where everyone else was requiring either payment, or some sort of work or scholastic affiliation. Hotmail was first, and Hotmail was, and still is free.
What Hotmail was doing, was identifying a target market which would generate a fortune for them in the future. They took what was know and accepted as a paid service, made it better, and gave it away for free. Because of Hotmail, it became easy to check your email from anywhere in the world with an Internet connection. This was not the norm back them. Shortly after, Hotmail was able to generate income by selling ads, and eventually got the big payday when they were purchased by Microsoft.
The notion of identifying a paid for service, and giving it away for free is alive and well. However, if you want to share the same type of success as Facebook, Twitter, and Hotmail, it is likely that you will need to do more than merely copy what they have done. Of course, that something is the question which needs to be answered. Whoever can answer this question will have discovered ways to make money in the millions, or even billions.
Find out of the ordinary Ways To Make Money. This strategy is even more effective if you are trying to Make Money Fast. Come and see us at SOSComplete.com
Tags: Business, e-Commerce, entrepreneurs, finance, home based business, home business, jobs, make money fast, make money online, Money, ways to make money, ways to make money fast, Work, Work from Home