Friday, May 15, 2009

Definition of Dream Business

Listed below are the difference between a dream business and the realities of a traditional business:
Owning a Dream Business
-No employees
-Set your own hours
-Low start-up cost
-No restrictions on territory
-Unlimited income
-Recession-proof
-Low inventory
-Low overhead
-No advertising
-residual income

Owning a Traditional Business
-Employees
-9am to 9pm six days a week
-All your savings plus bank loans
-Limited territory
-income limited by number of stores
-Dependent on seasons or economy
-Inventory is biggest expense
-Monthly lease plus utilities
-Expensive advertising budget
-Trade time for dollars
I took all that information and boiled it down to the essential ingredients of a dream business. What I came up with are five criteria that a business must meet in order to be classified as a true Dream Business.
Criteria for Dream Business:
-residual income
-global market
-willable & sellable
-duplicatable
-low investment
-mobility & flexibility
-leverage on technology

Internet business is one of the DreamBusiness that meets all the criteria. As the PARADIGM SHIFT moving so quickly, Internet becoming an enormous commercial potential and it will revolutionizing the way wealth is created. Internet was growing at a rate of 2,300% a year and revenues from e-business increasing to $800 billion at year 2007.

More and more Giant companies such as Dell and Ebay are selling online because wealth created via the Internet Age will far surpass the wealth of the three previous ages combined.
E-business explosion isn't just a trend but it's a World-Wide MEGA-SHIFT- it's reordering the way customer shop, the way business model runs and the way entrepreneur create WEALTH.
Realizing that Internet is the greatest business tool ever invented that is so powerful even a single person can build a multi-million-dollar business from the keyboard of one Internet-linked computer. Millions of people are positioning themselves to use the Internet as a tool to profit from Internet business or E-business or Online Business.

There are few ways of making money through internet such as:
-sell products online
-provide services online
-blogging
-join affiliates program
-join advertisement program such as Google AdSense
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