Transcripts

Scott Fox:
There's an opportunity here for anyone who has an entrepreneurial interest. The risks are lower than ever before, the opportunities are greater and yet all anybody does is cry about how the Internet is over and it's really not true.

Scott Fox, author of the book Internet Riches, says starting an Internet business can cost as little as twenty-five dollars to get it up and running - so it really can't hurt to give your idea a try.

You want to pick a niche and preferably something that really interests you - don't try to force yourself into building a business on something you don't care about. And if you can find something that you're good at and you're passionate about, it'll be easier for you to persevere and build the business.

Because you can make money in a very narrowly focused niche, Scott says you'd be amazed at what can be profitable.

My wife's business for example: my wife loves to knit and crochet and she put up a website, it's called sweaterbabe.com. She writes patterns for knitting and crocheting - for scarves and blankets and things like that and she's built up a pretty good business there and she actually just wrote her first book. "Fark", "f", "a", "r", "k" .com is a very popular website built by a young man named Drew and Drew started sending out emails of funny websites to his friends. He got so many friends forwarding those around, he decided to set up a website,- now Fark is one of the top traffic sites in its category. He's making well into the six figures a year and all the site does is collect funny links for people who are bored at work.

You can link to Scott's website from ours: somethingyoushouldknow.net - I'm Mike Carruthers and that's Something You Should Know.