Experts say the internet is a business tool that small and medium-scale enterprises can use to grow as well as earn some residual revenue from buying and selling domain names, blogging with Adsense and bulk sms. I won't want to be selfish and claim all the credits to this article, you should know that most part of this article was pulled out of The Punch Newspaper of Wednesday, August 16, 2011 in the Big Naira Begins with Small Kobo section by Everest Amaefule.Stressing the importance of the internet to business, the founder of the Microsoft, Bill Gates, says any businessman that does not have his business run through the internet would soon go into extinction. In the present time, you have to embrace the internet to drive research and development of new products and services, if you are to become relevant in today's e-business environment.
Back in the days, for instance in the 1980s when applicants use to physically obtain and submit forms at West African School Certificate Examination and the Joint Admission and Matriculation Board Examination offices. Today, you just have to apply online putting an end to the long queues and traffic jam at their offices.
A person with online presence(either a blog or website) with decent traffic can earn more money by exploring relationship with Google Adsense. Google Adsense is a fast and easy way for website publishers of all sizes to earn money by displaying targeted, unobtrusive Google ads on the websites or blogs. It allows one to provide Google Search, while earning money by displaying Google ads on the search result pages. The latest trend amongst internet entrepreneurs is the setting up of free blogs on Job Search, Job Vacancy, How to, Making Money Online, General Tips and also incorporating Google Adsense on those blogs. The way Google Adsense works is that when viewers or readers come to your website or blog and click on any of the advert from Google that are displayed on your website, you will be paid some money by Google.
Buying and selling domain names is also another opportunity that can be explored on the internet. A domain name is simply the unique name given to your website that can be located on the internet. All you need to do in the business is to register premium domain names with .com extensions that can be sold. For instance, weddinginvitation.com was bought by a guy for $10 and was later sold to a company for $13,610; realestatedeveloper.com was sold for $6,000; phone.com for $1,200,000; biblegames.com for $3,225; and sellmycar.com for $5,888.
Nigerian domain names have not grown to the level of becoming highly traded items. However, taking a position before the wind fall makes a good business sense.
Another business with huge potentials and opportunities is the Bulk SMS. Prospective clients for this business includes individuals that organized events, churches, large class members, schools and corporate organizations. Businesses can use bulk SMS to inform their customers of upcoming programmes. Apart from existing customers, bulk SMS can be used to prospect for new clients