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What kind of Internet business is profitable?

Im planning a business and i dont know what kind. first in my mind is internet cafe.do you have any suggestion

  • what will i do to compete. or do you know something a home based business without buying anything

  • Answer:

    ~ Ummm Nica... Excellent question... Know that you seem to be looking for a business that you own... you would still be an "employee"... as is true with franchises also... as well as doctors, lawyers, dentists... it cost them TENS OF THOUSANDS of dollars for their degrees... their franchises, but, they still have to con troll it all... they have the headaches of hiring/firing/pay raises/taxes... etc, etc. When you are NOT there, you have no income. Look for a business that will put you in the Business Owner quadrant of "Robert Kiosaki's Cash Flow Quadrant" as identified in his book, Rich Dad Poor Dad. Employees and Self-Employed are employees... 95%$ of the population is in this category, EARNING only 5% of the Income! Business Owners and Investors are rich... they have enough income flow (residulal income) to be debt free. Investors can drop a large chunk of cash on a stock and loose it... and not bat an eye (you and I can't do that). Business Owners and Investors are on the opposite side of the Cash Flow Quadrant, are the 5% of the population that are making 95% of the wealth. I want to move to the Business/Investor Quadrant... how about you, Nica? Read the book... check out the website... Want to know more... send me a note.

nica at Yahoo! Answers Visit the source

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First off, if you have to ask people what kind of business YOU should start, you shouldn't start one. When you are ready to open YOUR OWN business, look to your passions because if you can do something that you like, gardening, walking dogs, exercising, math, whatever and you're good at it, think of the motivation you'll have to get up every day and spend 16 hours doing it and convincing people to pay you to do it. Second, write a business plan. If you fail to plan, you plan to fail. Find a local SBA office (www.sba.gov) and take a class on writing one. Then get started and good luck!

globaldiva1013

One of the previous answers talks about Robert Kiyosaki's book Rich Dad Poor Dad an excellent book to read also he has co-written with the billionaire Donald Trump another book called Why we want you to be rich, again excellent reading. If you want to be in business, you obviously wish to be at the top so you will be in business for yourself, what is important is that you will need to learn and so I would recommend a business where you are in it for yourself but not by yourself, in other words a business where you can get all the help you are going to need to become successful. If you care to contact me through my 360 profile I will email you the address of a web site of a business like this which has also been endorsed by Donald Trump.

International Scotsman

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