Entrepreneurship - 5 Entrepreneurial Opportunities Discovered at the Internet Retailers Conference
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Entrepreneurship – 5 Entrepreneurial Opportunities Discovered at the Internet Retailers Conference

Entrepreneurship - 5 Entrepreneurial Opportunities Discovered at the Internet Retailers Conference

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I attended the 2010 Internet Retailer Conference & Exhibition at McCormick Place in Chicago from June 8 – June 10, 2010. Although I was there as a member of media, the entrepreneur in me could not resist noticing money-making opportunities to share with others. Especially in this recession. Following are five opportunities I discovered during my three days at the conference.

Business Opportunity 1: Start an Online Business

The purpose of this conference was to provide education, tools and resources for online businesses. Retail sales plunged 7% while internet sales actually increased 2% during these challenges economic times. In fact, ecommerce sales were 18.48% in March 2010.

You can’t really lose by starting an online business. You can start part-time at home with little overhead. But you must have a quality product for the right audience with excellent customer service.

Business Opportunity 2: Become a Service Provider to Online Businesses

Businesses from all over the world attended this conference. Over 400 vendors providing approximately 70 types of business services displayed and discussed their products and services. Some of the services included: web design, credit card protection, internet security, customer service, live chat for online customers, and multi-channel marketing. Visit  to learn more about the opportunities available and how to get started in this industry.

Business Opportunity 3: Become a Service Provider to Conference Organizers

There were complimentary appetizers, alcohol and beverages, massages – chair and feet, and cell phone charging. I know for certain that the massage therapists were independent contractors hired to work the conference.

Business Opportunity 4: Mobile Solutions to Internet Businesses

Most people start their shopping online with mobile phones coming in a close second. Armed with this information, figure out how to make shopping easier for customers; create applications and software for organizations; or …

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International Business News

specialized niche websites are a very successful way to generate a substantial income.

specialized niche websites are a very successful way to generate a substantial income.

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Experienced marketers have pretty much dominated many popular markets. Their strong hold over a particular market can make it almost impossible for others, especially internet newbies, to make any money in it.

Your aim, therefore, is to create your business in a niche market which has yet to become saturated, and begin to establish yourself and build your client base. Specialized niche websites will have far less competition, so allowing you an easier task of being successful and even becoming considered a ‘guru’ in your own right. Being able to build a good reputation will have a massive effect on your website traffic.

Choose A Niche & Provide Solutions!

Finding a niche which you can be successful in is all about finding out which problems people have and then creating a product which is either completely original, or better than your competitors.

The question is, how do you find these people and how do you discover which problems need solving.

Here are a few ideas to get you started.

Twitter & Facebook

A good way to discover what people need is to ask them! Perform a survey or post questions, offering a free report in return, to your contacts on Facebook and Twitter. Ask where they look for their information, how they research before buying and what catches their eye on a sales page.

Magazines

This lets you have a first hand peek at what people in a particular niche are interested in. Looking through the ads at the rear of a niche or trade publication, will help you discover what is being targeted and how they are solving particular problems in that niche. This can easily give you many interesting product ideas.

A good place to start is to search for products or books which have at …

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