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Last updated: Wednesday, May 30, 2007

What makes a good business idea?
And why internet business ideas and home based business ideas are best!

Business Idea - Rule 1

To be successful needs real PASSION - passion that overflows on customers!
So you must find a business idea for which you have passion.
The internet is vast, so somewhere on the internet you can find a business idea for you do have passion!

Business Idea - Rule 2

A business Idea must give you a LIFESTYLE you love.
Too many people do not think lifestyle - they run pubs and cannot cope with the late hours.
Too many people do not think lifestyle - they run newsagents and cannot cope with early startds
For the reason of life

The internet is a shop that is open 24/7 that does not need manning! So with an internet business idea you can work when you like - you are not tied to anyones opening times.

Business Idea - Rule 3

The best business ideas, have LOW OVERHEADS and do not have premises, leases or staff, so the cashflow and fixed costs are kept to a minimum. For that reason home based business ideas are best!

Business Idea - Rule 4

The best business ideas dont create new demand, theys satisfy a HUNGRY CROWD and deliver what the crowd are already asking for! Internet business ideas are good - because you can see the searches done on a topic, so know how much demand there is!

Business Idea - Rule 5

The best business ideas have very HIGH MARGIN, which is why information products are best.

Business Idea - Rule 6

The best business ideas have a USP , so business ideas based upon the copyright or other protection of a unique information product are good! That way price is not the only issue

Business Idea - Rule 7

The best business ideas are not vulnerable to SUPPLIER POWER or CUSTOMER POWER - so internet business ideas that serve information to widely separate customers, guarantee that neither your suppliers nor customers have too much power!

Business Idea - Rule 8

Your past customers are the most likely to buy from you , so DIRECT MARKETING of existing customers, is always the best business idea. And internet business ideas make that easier to do.

Business Idea - Rule 9

The best business ideas dominate a small NICHE, so that big competition is unlikely to be interested, so niche internet marketing is a good business idea.

Business Idea - Rule 10

And whatever the business idea you chose, you should concentrate on building a list. The fastest growing business ideas, all focus direct marketing to a list

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