Archive for March, 2009

Business Intelligence: Use Web Scraper Tool to Generate Leads and Analyse Your Competitors

Sunday, March 22nd, 2009

web scrapingYou and I know that if you are about to enter a lucrative niche, it must have been loaded with businesses, trying to grab pieces of cake for themselves. The piece is getting smaller and smaller as many competitive new entrants offer something that existing businesses don’t.

Some will falter, some will thrive - Nothing personal, it’s just business. Talk about stiff competition.

I found out that what you need is actually Web Data Mining Software.

What is web data mining software?

Web data mining is an activity to gather abundant data from a website and process them to gain meaningful information.

Commonly used for business purpose, web data mining software enables you to mine data from various websites and use them to create information you need for your business, in a simpler manner.

One example of such software is Mozenda, that offer web data mining services starting from $49 a month. You can learn more by watching a video of Mozenda software in action.

Web data mining software = web scraper tool?

Yes. Web data mining software is, indeed, a Web Scraper tool.

Web scraping (or harvesting) is basically an activity of extracting content from a target website for various purposes.

I understand that for those of you who are dealing with the Internet and online business on regular basis, “web scraper” sounds an alarm and raises a red flag.

To clarify, although it is often used illegally - to take other’s content and claim it as your very own - web scraping is, by far, the best tool to analyse your competitors, and more.

10 Online Business Ideas that Can Give You More Than 1000 Percent Return on Investment

Wednesday, March 11th, 2009

High ROI business

I still learn hard today, even harder than I was one year ago, but during my online business trial-and-error journey, I found dozens of doable online business idea that you and I can start with minimum capital and maximum return.

10 onilne business ideas with more than 1000 percent return on investment

You can build an asset in the form of web properties and online businesses with minimal investment (some with zero, zit, zip, nada investment) that can make you 10 times or more of initial investment - either capital gain or monthly cash flow.

Yes, 1000% ROI - not only for capital gain when you sell your web properties, but also for monthly cash flow - that’s 10 times ROI monthly!

To get you started (and revved-up), here are my top 10 online business ideas from my observation and own experience:

  1. Website or blog flipping business
    Yes - just like in real estate, you can flip websites or blogs. The typical is to buy low, renovate, and sell high, but you can definitely go as a broker - you sell someone’s website to others and receive a commision: Wait, that’s even more than 10 times ROI! ;)
  2. Website building business
    The conventional - you build a website for a client with $10 in domain name, $50 in web hosting, your time and creativity. Your client could pay you anywhere from $200 to $2000. Um, yes $200 is not 10 times, but what if you host your client’s website in your own reseller account? Think about it…
  3. Create a startup web business, sell it on online marketplace
    Also the conventional, with a twist - you outsource to your partners for $30, sell your website or blog for $300.
  4. Create an established web business, sell it on online marketplace
    The classic money maker - Create a site with good concept, outsource to your partners, market the website, make some profit, and sell it for a higher sum of money. From the $30 case on #3 idea, you could even get more than $1000 if you delay gratification ;)
  5. Web hosting reselling business
    A bit saturated market, web hosting business is still offering something today. You can purchase a $25/month reseller hosting, such asHostGator, create hosting plans, that can give you 50 space to rent. Times that with $5, you will get $250/month - That’s 10 times operating cost, monthly.
  6. Review sites
    You can review almost about everything - web hosting, credit cards, health products,etc. - But first, you should join the available affiliate programs or networks to be able to market them. You should choose high-paying niche, such as web hosting and credit cards that could pay you more than $50 per lead, but beware of the stiff competition.
  7. Content writing business
    Content quality is more and more important today, as it can help your web business rank better, visited more and eventually make more money. Article writing can be outsourced for as low as $2, and be sold for $20 per article.
  8. Membership sites
    If you have relevant expertise in your niche, you should definitely think to build a membership site. It is basically a site that offer “insider information” or online training for paying members. A successful membership site can makes thousands of dollar a month with only a several hundreds of dollars in operating cost.
  9. Blog network
    This is not easy to do, but doing it right can make you considerable amount of money. Consider this - if you manage a 50 blogs network right and attract the right kind of advertising, you could easily make hundreds of dollar monthly cash flow, each blog.
  10. Niche, even odd, sites
    Selling bird cages online can make you thousands of dollar per month? You bet! A card collecting marketplace site can make thousands of dollar per month with only several hundreds of dollar operation cost? Sure! Going niche can make you successful business - just don’t go too far on the business idea :)

Buying an Existing Business: Franchise or Non-Franchise?

Wednesday, March 11th, 2009


If you are Noobpreneur.com long time readers, you might noticed that I once invested in franchise units. However, I have divested today.

I will always looking for lucrative opportunities and businesses for sale, because I divested not because my previous businesses are bad businesses. Thanks to the recession and economic crisis, customers’ buying power is all-time low, which have a direct impact to my franchise units that are in business service and retailing.

My mistake, at that time, is starting out from scratch without proper knowledge, thinking that purchasing a franchise unit can get you right into entrepreneurship, fast. Although a franchise unit can help your starting-up process with proven business concept and ready-to-go infrastructure, all still coming back to you - the owner.

Wrong mindset, wrong timing and wrong decision - Purchasing a franchise unit that yet to start in a location is just the same as other type of business startups - moderately high risk of failure without proper experience and resources.

I do see inexperienced franchisees succeed, but it took more than simply a right decision at a right time to ace in franchising. I can’t simply throw hundreds of thousands of dollar for trial-and-error. Not anymore :)

My recommendation: Buy an existing business

Learning from my past experience, I only have one recommendation: Unless you are a startup addict or an experienced serial entrepreneur yourself, I suggest you to look for businesses for sale by owner.

Here are some advantages in buying an existing business:

  • Like what is mentioned in this article, buying an existing business save your invaluable time, energy and money.
  • You cut startup process, which include high risk of failure and a period of negative cash flow.
  • You have a proven, profitable, business that is well-fitted and well-accepted by the community it resides in - this is very important!

Just like everything in life, for every good thing in life, there will also be a bad thing related to it. There are some disadvantages, too, in buying an existing business:

  • You have to be able to blend into the culture (or mix yours with the existing) formed in the business - Yes, you could change the culture, but this is resource-intensive and might damage the business’ overall performance.
  • There are chances where previously unsatisfied customers are keep attacking your business, even though there is a change in management.
  • The business reputation and hidden liabilities are following you, the new owner - Just make sure you settle every detail with the previous owner before acquiring the business.

Why You Have to Do Business Online - Part 1

Monday, March 2nd, 2009

online shoppingLucky for us who work with the Internet.

The Internet is becoming a more and more lucrative medium to support your brick-and-mortar business and/or to build your new startup entirely doing business online.

According to the data from Internet World Stats - Updated on March 2009, the number of people using the Internet has reaches 1,596 million (yes - that’s nearly 1.6 billion users worldwide!). In the US alone, the Internet user number has exceeded 220 million mark, with online retail sales growing exponentially from $172 billion in 2005 to $329 billion in 2010, as indicated by Forrester Research.

Here’s to compare: according to Euromonitor, World’s retail sales exceeded $8.69 trillion in 2005, where $2.58 trillion is from North America.

Combining the data above: The retail sales has grown 36.5 per cent from 2001, While in the US, the 2005-2010 growth of online retail sales is fantastic: a predicted 91 per cent increase - Online retail sales has grown almost 3 times faster than the growth of retail sales as a whole.

Too much stats? I have a point or two to take soon, I promise… Just bear with me for a while:)

What the stats are indicating

I learn a few things from the stats above:

  • That $300 billion is on online retail sales alone. What about the revenue generated by sites selling consultancy services (i.e. website development) and information products (i.e. membership sites)?
  • $300 billion from 220 million US Internet users - that’s $1,300 online retail spending per person anually.
  • The 220 million Internet users in the US is only account about 14 per cent of world’s population of Internet user.
  • The online retail sales is only a small fraction of the total number of retail sales.

Even considering the 80/20 rules, assuming 80% world’s online retail sales are originating from the US, while 20% of the Internet users are from the US, we can draw one conclusion: You ain’t seen nothing yet in making money online.

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