Online Home Business is the Fastest Growing Small Business Trend in 2009

Without a doubt, online home businesses are the fastest growing trend in 2009. There are roughly 6.7 billion people living on the planet today according to the Internet World Stats: Usage and Population Statistics as of June 30th 2009 and of those 6.7 billion people, almost 25% of them are on the internet. Just incase your conversion abilities aren’t as good as they should be, no worries… That comes to about 1.69 billion people that are on the internet everyday.

So that’s great and all but maybe you don’t understand why the Internet is so powerful otherwise. What does the internet give you that the traditional marketplace doesn’t? Well, there are several other reasons that point in favor of using the World Wide Web as the platform for your business, and why having an online home business is the fastest growing small business trend in 2009.

Picture this. The Internet is a giant invisible magnet that is gradually attracting every man, woman and child to it. So what does this mean for you? Well, as a business person, business owner or entrepreneur the Internet represents a marketplace like no other that has ever existed. We are no longer limited to our “territories”, our communities, or the cities in which we reside. This is just the tip of the iceberg in what I call “The Power of the Internet. ” Online home business and internet marketing businesses are documented as one of the highest growth area in 2009 for small business trends.

The Internet has created an unlimited reach for online businesses small and large, and we now have the ability to literally take our ideas, our products and services all around the globe and connect with an audience that is 100% targeted and proven to convert. The research and data analysis that you can do for your online home business takes the guess work out of monetization. There are analytics tools that tell you about each step of the sales process and what changes need to be made to generate higher conversions and what markets to target. You now know exactly who to target, based on the market research and you can spend time fine tuning your internet marketing sales funnel. The statistics that you can look at for your internet marketing business absolutely give you insight that was never possible in offline marketing.

The “traditional” means of advertising can’t hold a candle to what is going on in the digital world. With social media marketing, web 2.0, and search marketing (to name a few), small business owners now have countless avenues to leverage in order to market a business, product or service. Gone are the days of putting your business in the yellow pages, putting ads in magazines and newspapers, or using direct mail just hoping a few people will “bite.” Really, what I find most fascinating about online home business is that the majority of the marketing strategies are free and it isn’t uncommon for the free strategies convert better than the paid strategies (depending on your industry). Either way, as an internet entrepreneur, you have the freedom to market to whomever you want, however you want. The possibilities are limitless and the data trends allow you to know exactly where to put your ads to drive the most amount of traffic to your business.

So, you can see that marketing online is not only going to allow you to sell to people who are looking for what you have to offer but you also get to save money on marketing and advertising by utilizing free strategies like social media marketing, but the fun doesn’t stop there.

Realize this, when you’re running your business from home you no longer have to worry about the headaches of a traditional brick and mortar business. You know what I’m talking about…rent, inventory, insurance, payroll, etc. this has all been eliminated.

Another point to consider. It used to be that when your doors opened you were making money and when your doors closed you weren’t. Makes sense. The only way to get paid is to have people coming into your store or have people calling you on your phone to make a purchase. Well, as we all know the internet is available 24/7 and is open to a global marketplace. You can make money while you sleep, when you’re out to dinner, while you’re on vacation…it never stops. By leveraging the internet for your business from home, you’re inevitably leveraging your time by utilizing the power of the Internet. And we all know the most precious commodity is our time, so why wouldn’t you want to work less and get paid more?

For me the icing on the cake is the mobility that an internet marketing business brings. What I mean is the only thing you will need to run your business is a laptop computer and a cell phone. Easy enough. What this does is it gives you the ability to run your business from home or anywhere you choose…literally. You can maintain a professional identity no matter where you are or what you’re doing because all of your business is done digitally. Even if you’re hanging out on the beaches of Mexico wearing nothing by a swim suit and a sombrero while you vacation with your wife and 3 kids, you can easily pick up your i-phone, return a few business emails and continue to run your business. Truly the possibilities are endless and the only real way to achieve true mobility in business is by having an internet based business. You really can run your business from home or anywhere you choose.

It almost seems like an unfair battle between “old school” traditional business versus having an internet based business. Whether this information comes as a surprise or just a confirmation about the direction the world is headed, just remember this. There is no qualification, resume that has to be submitted, no “gatekeeper” that decides who gets to run a business on the Internet. The only person who gets to decide that is YOU.

Following Business Trends To Grow Your Business

Following business trends (both general trends and trends in your particular industry) is important to the health and long-term success of your business. Staying aware of trends does not mean that you need to be on the “cutting edge” of every trend. But, you need to watch those trends so that your business does not become obsolete as your competitors leverage those trends to their advantage.

There are many examples of businesses that failed, at least in part, because they did not recognize trends in their own industry. Blockbuster Video is one example. There are many stories and theories regarding the reasons for the downfall of Blockbuster. But, most business analysts agree that the company waited too long to revise its business model of renting DVDs from retail stores. By the time the company began offering DVDs by mail, the strongest competitor offering that service (Netflix) already had a big lead. Netflix has gone on to offer instant downloads as well – following the trend of growing Internet access and increased download capacities.

There are many factors that cause a particular company to experience problems, but it appears that Blockbuster’s failure to take action on industry trends was a significant part of its current problems.

When was the last time you looked at trends in your own industry? What about general trends, such as increased mobile phone usage, mobile advertising and point-of-sale purchases using mobile phones?

You do not need to be on the very leading edge of these trends, but you cannot ignore trends that affect your business. Social media is a good example. Certain groups of people rely heavily on social media as their primary means of communication. If your customers are in these groups, you need to have a social media presence if you want to reach these customers.

Keep an eye on others in your industry to see how they are adjusting to certain trends. Don’t just copy what they are doing. Be innovative and develop your own procedures or systems that leverage those trends to strengthen your business.

Many trends move quickly – spend some time this week studying current trends and looking for ways to leverage those trends to grow your business.

Emerging New Internet Business Trends

Making profits and maximizing on the number of sales is what every merchant all over the world aspires to realize anytime they venture into a new business strategy. In order for success stories to be told years down the line after commencement of the business strategy, then effective and quality research should be conducted to ensure the strategy one finally opts to embrace is not over exploited or has no positive future dynamics with regards to growth. One major opening that has changed how business is conducted all over the world has been undoubtedly the emergence and growth of the international network.

Wealthy countries have embarked on a rapid campaign to establish strong routers and networks that tend to avail Internet services to locals at a very affordable and easily accessible state. Due to this fact new Internet business trends have been able to emerge in a majority of the countries creating room for new business opportunities and rapid economic growth. Many entrepreneurs who have engaged these business strategies both in their individual capacity and as a joint venture with friends or partners have discovered various trends. In order for any entrepreneur to effectively make legal money based on any business strategy conducted via the web then proper statistical analysis should be carried out to establish how these new Internet business trends is expected to fair on in the market.

Making a good choice on which business idea to partake is ultimately the key to ones success. Popular upcoming business trends that have been credited with huge success stories have included the following:

Affiliate marketing: These new Internet business trends has seen the rise of products sales and services over the last year to unbelievable figures. Affiliate marketing involves earning money through selling products of major companies around the world via the web. It will involve you signing up for the affiliate plan and later choosing a product to market and sell to potential online customers. This will in turn earn you a percentage on the overall price that the consumer will have to pay up for the product.

Creating and selling phone apps online: Creation of phone applications has emerged as one of the most lucrative way of making substantive money online. This new trend has been credited with huge potential sales and income arising from diversified customers. Although creating a new application could cost you some fortune, the best part is once you are through with developing it money will start rolling to your account day after day until a better application is developed.

Other new Internet business trends to note will include video marketing on social sites, search engine marketing and blogging. All these trends if explored and enhanced to their maximum have the potential to generate massive sales and revenues.

5 Small Business Trends to Follow in 2012

There are 5 small business trends to follow in 2012 that broaden the horizons of small business:

. Specialization
. Media Saturation to promote business
. Impenetrable client base through social media contact
. Creating dedicated business phases for better product or service branding
. Interactive Network Marketing

Specialization

One trend small businesses can use to strengthen their image and client base is specialization. The opportunity to specialize products and services has the greatest potential for embedding small businesses into commercial arenas. Specializing products and services refers to emphasizing a unique business presentation. There is always a way to present goods and services as a more unique offering. Create a need for common goods and services in a unique offering customers feel compelled to buy. Focus on less obvious assets such as durability, quality or value that make the offering special.

Media Saturation To Promote Business

One very important trend small businesses should follow in 2012, is discovering the value of media saturation. When dealing with advertising and promotion in the media, cohesive and consistent sales and marketing campaigns result in higher levels of media saturation. Take ownership of business promotion style in sales and marketing so it becomes a recognizable branding for products or services.

Impenetrable Client Base Through Social Media Contact

In order to create an impenetrable client base, an organized, efficient plan for social media is a trend worth exploring. Adopt a specific style of customer service that stands above competitors for market share. Network social media with article marketing, business blogs and websites to strengthen customer knowledge of products or services. Knowledgeable customers are loyal customers.

Creating Dedicated Business Phases

Create dedicated business phases. This simply means that a business organizes each fiscal year into four phases of business operation. By adhering to a distinct separation between business phases, this introduces greater opportunities to advance product or service branding. Create four phases beginning with research, development and planning for the first phase. Focusing on this as a first phase allows new ideas for sales and marketing to emerge. Phase two should focus on implementation of planning from Phase one. Phase three is the most pro-active in terms of branding products or services because it reveals which target markets are strongest and which require more vigilance. Phase four is a wrap-up phase of business where an annual audit of impacts, results and achievements should be evaluated.

Interactive Network Market

Building interactive small business networks is a trend to consider for 2012. By networking small businesses within interactive industry and commerce associations, shared business community efforts maximize the return on investment. Look to local businesses as well as contacts in social media and the internet for viable networking.