Start & Run an Internet Research Business

Start & Run an Internet Research Business
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Information research has shifted from something people did in libraries to something people do mostly on the Internet. But companies often don’t have the time or internal resources available to sift through the sheer volume of information on the Internet. Now, you can seek out information on behalf of clients, who will pay you for your research! Help large and small companies alike answer questions about industry trends, market conditions, mergers, competition, and other developments. There is very little money required to begin this type of business, as all you need to get started is a computer and Internet access! The best part is that you can work for yourself, on a full-time or part-time basis, out of your own home. Start & Run an Internet Research Business will show you how.

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Gerhard W. Kautz. Start & Run an Internet Research Business

START & RUN AN INTERNET RESEARCH BUSINESS

Introduction

1. The Internet Research Business and You

1. The Internet Research Business

2. How Companies Find Essential Information

2.1 Manufacturing industry information research needs

2.2 Service industry information research needs

2.2a Investment firms

2.2b Information technology companies

2.2c Lawyers

2.2d Engineering and architecture firms

2.2e Business and trade organizations

2.2f Individuals needing information

2.3 Government information research needs

3. Your Internet Research Business

2. Choosing Your Specialization

1. Why You Have to Specialize

2. Assess Your Skill Set

2.1 Computer skill

2.2 Communication skills

2.3 Investigative skills

2.4 Personal skill assessment

3. Assess Your Experience

3.1 Work Experience

3.2 Hobby and sports experience

3.3 Educational experience

4. Overall Personal Assessment

5. Select Your Specialization

6. Changing Your Specialization

3. Your Business Model

1. What Is a Business Model?

2. The Business Opportunity

3. What Is Your Market?

4. Your Marketing Procedure

5. Your Sales Procedure

6. Your Project Work Procedure

7. Your Delivered Products

4. Your Company Structure

1. Why You Need a Company

2. Incorporated Company

3. Partnership

4. Limited Liability Corporation (LLC)

5. Sole Proprietorship

6. Recommended Company Structure

5. Pricing

1. Price Quotations

2. Overhead Cost Factors

3. Salary Expectations

4. Billable Time, Company Time, and Personal Time

5. Markup Factors

5.1 Specialization

5.2 Competition

5.3 Client understanding of personnel costs

5.4 Profit

6. Overall Pricing Approach

6. Marketing

1. Why You Must Market

2. Define Potential Clients

3. Identify and Select Potential Clients

4. Assess Marketing Methods

4.1 Slogan

4.2 Business cards

4.3 Word of mouth

4.4 Networking

4.5 Business organizations

4.6 Website

4.7 Trade show participation

4.8 Trade show milking

4.9 Media advertising

4.10 Telephone soliciting

4.11 Direct-postal-mail advertising

4.12 Direct-email advertising

5. Marketing Time Line

6. The Marketing Plan

7. Marketing Material

1. Why You Need Marketing Material

2. Business Cards

3. Business Stationery

4. Website

4.1 Domain name

4.2 Web host

4.3 Website design

4.4 Content

4.5 Keywords

4.6 Search engine listing

5. Brochures

6. Marketing Letters

6.1 Brochure introductory letters

6.2 All-inclusive marketing letters

7. Client Response Form

8. Unsolicited Email

8. Getting the Contract

1. Types of Contracts

1.1 Contract for a specific project

1.2 General service contract

1.3 Retainer contract

2. Contents of Contracts

3. Contract Agreements

3.1 Verbal tasking

3.2 Letter contract

3.3 Purchase order

3.4 Detailed contract

4. Help the Client Close the Deal

4.1 Send the client the letter contract

4.2 Help the client draft the purchase order

4.3 Help the client draft a detailed contract

5. Written Proposal

6. Interfacing with Clients

9. Project Estimating

1. Work Breakdown Structure

2. Time Estimating

3. Labor Costs

4. Additional Costs

5. Contingency Allowance

6. Buy-in Considerations

7. Price and Delivery Quotes

10. Time Management

1. Why You Must Manage Your Time

2. Establish Your Work Area and Work Routine

3. Project Management

4. Gathering and Storing Information

5. Multitasking

6. Recording Websites

11. Doing the Work

1. Verify the Client’s Needs

2. Beginning the Information Search

3. Internet Search Engines

4. Free Internet Information Sites

5. Charging Internet Information Sites

6. Misinformation, Disinformation, and Half-Truths

7. Other Information Sources

8. Drafting the Report

12. The Business Plan

1. Why You Need a Business Plan

2. Business Opportunity

3. Deliverables

4. Company Structure

5. Potential Clients

6. Competition

7. Market Share of Clients

8. Marketing Procedure

9. Sales Procedure

10. Project Work Procedure

11. Working Team

12. Projected Revenue

13. Projected Expenses

13.1 Personnel

13.2 Website

13.3 Marketing and sales costs

13.4 Delivery cost

13.5 Office overhead costs

14. Profit/loss analysis

15. Financing

16. Future Expansion

17. Action Time Line

13. Administration

1. The Need for Administration

2. Keeping Time Records

3. Billing the Clients

4. Collecting Payments

5. File System

6. Keeping Cost Records

7. Business Accounting

8. Tax. 8.1 Income Tax

8.2 Other taxes

14. Expanding Your Company

1. Why You Should Expand

2. Problems Associated with Expansion

3. Phases of Expansion

4. Subcontract Employees

5. Office Facilities

6. Hired Employees

7. Company Organization

8. Exiting the Company

Appendix A — Business Plan

Business Plan for Military Budget Opportunity Service. 1. Business Opportunity

2.Deliverables

3. Company Structure

4. Potential Clients

5. Competition

6.Market Share of Clients

7. Marketing Procedure

8. Sales Procedure

9. Project Work Procedure

10. Working Team

11. Projected Revenue

12. Projected Expenses

13. Profit/Loss Analysis

14. Financing

15. Future Expansion

16. Action Time Line

Appendix B — Letter Contract

Appendix C — General Service Contract

Appendix D — Proposal

Appendix E — Website Request for Proposal

Appendix F — Specific Task Contract

Appendix G — Retainer Contract

Appendix H — Sample Report

Appendix I — Subcontractor Letter Contract

Acknowledgments

About the Author

Other Titles in the Start & Run Series

Notice to Readers

Self-Counsel Press thanks you for purchasing this ebook

Contents

Отрывок из книги

I have been running an Internet research business for about ten years, since I officially retired. It has been financially rewarding, but more importantly, it has been a lot of fun. I do almost all of my work from my home office, and I do the work when I want to. In effect, I am being paid to surf the net to keep up-to-date on the technological developments in my specialty, even though I am technically out of the workplace. This in itself is a huge reward. Another reward is the knowledge that I am helping both large and small companies.

This book is intended to help you start and run an Internet research business of your own. You may not know what you want to specialize in at this time, but this book will guide you through a decision-making process that should point you in the right direction. This book covers all of the aspects required for any business, but is aimed specifically at the Internet research business. You will learn about setting up your company, pricing your services, marketing, and getting contracts. The all-important matter of how to do the work is cover-ed, as is the sometimes annoying work associated with the company administration.

.....

• It will help you predict your cash flow and help you decide if you need additional financing.

• It will explain the business and opportunity to those from whom you seek financing.

.....

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