Starting An Online Business? The Pros And Cons | Online Business

Need a break from the tiresome, monotonous routine of going for work every day? Looking to earn a quick buck without a lot of effort? Wishing you were your own boss? Then, starting an online business would take first place in the list of things to-to-do. Money, skill, familiarity with the internet culture coupled with the more important common sense and patience are the prerequisites to start an online business. The rest depends on the entrepreneur whether he makes history or not!Starting an online business requires just a few basic steps. One starts by setting up a site, deciding the products to sell, creating an online store, setting up a merchant account for cash transactions (PayPal), adequate marketing, fulfillment of your business terms and transactions and finally making sure good customer service is provided to keep them hooked. How easy would it have been if that was all there was to it! The fast growing industry has several benefits and drawbacks especially for beginners.Pros· You can be your own boss. Nothing could be this alluring.· Low cost of entry into the virtual market. Beats the conventional one any day in terms of investment and its Rate of Return!· Access to global markets. Breaking boundaries from the usual confines of four walls of a building or a locality into an international arena would give new dimensions to the business. An open market ensures many shops and a comparison of the prices.· Online business is an automated, 24/7 profit center (provided you make it). The flexibility and speed are its highlights- the speed with which it can be started and the flexibility in timings and place to suit our convenience.· Customers need not know the size of the company.· The profit potential of an online business is large.· Resources such as office space, rent, travelling cost etc. are not required. That much more cash to invest!Cons· Starting an online business is riddled with potholes which, if not watched out for, can be fatal to one’s business.· Details, details and more details. Plan every step of your business. When you’re done with that, do some more planning. Plan even for successes. Success can be quite a handful if it’s not handled well. A good business plan is a must to survive in the dog-eat-dog world of online business.· The allotted budget should be preferably at least double of the expected expenditure.· Infinite patience is required as it may take forever to get things cooking, or to build an identity and credibility.· The fierce competition should be closely monitored· The drawback of having no personal contact with the customers should be mitigated in other ways especially by providing good services.· Marketing is the most important aspect in starting and running an online business. If the people do not know about its existence, however efficiently it is run, it would have all been for nothing. Utilize resources like SEC, PPC etc.· Be prepared to face technical issues. Choose the right server and leave the money technicalities to an expert. Be aware of the law too.· Be informed, be on your guard and always think twice if the idea for business is a new one. There might be reasons why it was never done before. It helps to talk to people in the know-how.The revolution is happening. It’s time for all and sundry to sit back, notice and participate. Online business boom has proved that its benefits are far reaching than the drawbacks. Starting small and being passionate about its execution is vital to its success. Join the new movement and be a part of an industry that is taking hold of the world market by storm.

Online Games – Can We Make Money Playing Them?

When we refer to online games we are normally referring to video type games that we play on a computer via the internet. Some video games are played over the internet using mobile phones and video consoles, but generally speaking online games means computer games that need an internet connection to be played. Simple text-based multiplayer games were the first of these types of games as internet connections were slow and expensive when these games were first introduced in the 1980s. Gradually these games became popular in the 1990s, with today’s online games featuring virtual communities, realistic graphics and multiplayer games where people can even play one to one or in knock out tournaments for cash prizes. We all know that the internet is the fastest growing market place in the history of the world but did you know that there is an online games sector that is growing 4 times faster than the internet overall! Yes! and it’s the “Online Skill Games” market.There are many styles of Online GamesSome of the different types of online games that exist:1. Real time strategy games: This type of game is all about strategy where, for your army to fight successfully against the other internet players you need to develop a game plan by building lots of resources2. First person shooter: Here the players compete with each other one to one. In most first-person type games, the online game allows the death match or arena style of play. In this style of game play the view you see is the one seen from your character’s eyes.3. Massively Multiplayer Online Role Playing Games (MMORPG): In this type of game each person has to keep trying to reach the next highest level until he has reached the top one written for that game and these online games can have, simultaneously, thousands of players from every part of the globe, playing in a giant virtual world interacting against or with each other. Gamers can keep playing these types of games for months or even years!4. Browser type games: These are pastime games that are quick, simple and small that are played in your browser. The popular Java and Shockwave technologies are used to develop these games.5. Online skill games: An online skill based game is a web game played in tournament format or one to one. Each player pays a cash entry fee to play with a cash or merchandise prize going to the winner or winners. The outcome of each competition is based on the player’s ability and performance not luck.How Do Online Game Companies Make MoneyAll games today, are playable online. How do we make money? This is the question that companies making the online games have to ask themselves. The majority of companies make single-player games that are played at home and in this the player has to beat the artificial intelligence of the enemy. Today these games normally include an online multiplayer version which can be played against or with other Internet players. By selling their game DVD/CDs is how these companies earn their profit e.g. Warcraft 3 and Counter Strike. Advertising and promotions is how browser game companies make their money. MMORPG companies generally charge their players a monthly fee and continue to add content by programming new scenarios etc in their games e.g. Everquest 2 and World of Warcraft. Some don’t, but survive because their DVD/CD sales are high e.g. Guild Wars.What is the future of online games?Soon there will be a new entry into the online skill games market. According to their Free Online Games Market Report they will be the first company with their new online skill games platform, to launch a business that encapsulates three of the newest phenomena on the internet today. Online Games Entertainment, Social Networking using web 2.0 and a new way of marketing which has been described as Social Marketing 2.0. One of the core differences with this new platform over the conventional models is that we the players can if we want share in the profits while we play our games. With the market today (2007) worth approximately $5.2 billion USD and predicted to rise in the next 3 years to over $13 billion USD that’s $412 per second and with social networking sites already reaching 45% of web users and the 4 major Instant Messengers having more than 400 million users between them this potentially could be a whole lot of money.

Texas Farm and Ranch Insurance – Tips for Finding the Right Coverage at the Right Price!

If you are searching for Texas Farm and Ranch Insurance, chances are you know that your property has a highly specific set of insurance requirements. Dealing with a seasoned professional that is well versed in this field of insurance can help you get a comprehensive policy that covers all of your specific needs. Coverage is available for cattle ranches, dairy farms, commercial growers, Horse Farms, Estate Farms, Family Farms & Ranches, Homes located on a few acres and much more. And because farming and ranching is a way of life, a comprehensive policy can get you coverage to insure your personal assets as well. It can seem like an overwhelming process, but with the right agent, you’ll feel good about your coverage selections.Finding an insurance provider that offers an array of policies and coverage with payment options tailored for your needs can help make the insurance process pleasant and easy. A qualified agent can educate you regarding policies that cover your farming equipment, livestock, machinery, crops, saddles and tack, ATV’s, barns, shops, fencing and more. If an accident happens, you want to feel confident that all aspects of your home and business are covered. Your agent can help you choose from special endorsements that cover the items you need covered.An insurance agent that works closely with you to help you decide what you need to cover and how much coverage is ample for you needs is a necessity. Your provider should understand that as a farm or ranch owner, your insurance needs go beyond traditional home insurance policy coverage. If you are a dairy farmer, for example, and an unexpected event contaminates all your milk for distribution, the loss can mean a financial catastrophe for your family. Having the proper coverage can give you peace of mind in an unfortunate event like this.Professional insurers understand that what you do is a way of life. And because they are sensitive to that fact, they will work hard to get you policies with the highest rating, the most comprehensive coverage and the most reasonable prices. Irrigation systems, theft of livestock, death of livestock due to a collision, income loss, broken farming equipment and farm liability must be kept in mind. These are all aspects of your life and livelihood that traditional home owners don’t need to worry about. But you do. Whether it’s the tractor or the whole farm you are looking to insure, Texas Farm and Ranch Insurance will make sure you’re covered in your time of need.