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Essay / Research Paper Abstract
This 11 page paper discusses the issue of making money on the Web. First, is it still possible for a single entrepreneur to earn a living with a Web-based business? Yes, but not easily and certainly, not quickly. This essay reports specific advice from experts, which is very similar to advice for beginning any business. The writer then reports several ways in which an entrepreneur might be successful with an Internet business, including things like ezines and affiliate programs. The writer then switches to discussing telecommuting and reports recent statistics. Bibliography lists 10 sources.
Page Count:
11 pages (~225 words per page)
File: MM12_PGntbus.rtf
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Unformatted sample text from the term paper:
bankruptcy (Goldsborough, 2002). Others followed although not quite at that rate (Goldsborough, 2002). Many are asking if it is still possible to earn a living with a Web-based business and
the answer is yes, but......(Goldsborough, 2002). The first thing a would-be Web entrepreneur must realize is there are no get rich schemes that work, regardless of the testimonies published about
how a person entered a business and earned a thousand dollars their first day. No matter what the entrepreneur might do, he or she is not going to get rich
overnight, those days are gone forever. Jim Romeo wrote a book entitled "Net Know-How: Surviving the Bloodbath-Straight Talk from 25 Internet Entrepreneurs" (Goldsborough, 2002). Romeo offers specific advice for anyone
who wants to start a Web business: 1. Strive for profit, not just market share. The dot.com entrepreneurs sold whatever product they offered at extremely low prices, offering all kinds
of deals in order to gain a large market share. Market share brings venture investors, which was the goal. They took the company public, raised millions and made themselves millionaires.
But....investors began demanding hard facts and data and the profits just werent there (Goldsborough, 2002). Romeo advises people must go back to the basics and follow the many of the
same business practices and principles of traditional businesses (Goldsborough, 2002). 2. Minimize your expenses. This was another mistake of those who folded. They hired talented people at outrageous salaries before
the business was even Online. Todays Web entrepreneur must watch operations expenses just as carefully as a traditional businessperson, for example, you dont spend before you earn (Goldsborough, 2002). 3.
Be realistic about funding. Venture capitalists are very wary of Internet businesses given the losses they sustained. Money is available but mostly for Web businesses already operating. Funding will generally
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