How can you tell if an online business is profitable and a good investment?

[Billy]

How can you tell if an online business is profitable and a good investment?

 

[eenya00]

if the business is yours, then you can tell from the level of engagement that you are getting and not just the sales alone. if you can get quality leads then this should be a pointer that the business is viable if managed properly.

 

[Syldan]

Actually you can only tell about your online business when you have set a target and you even achieved it before the schedule time. Assess the level of you success and compare with failure.

 

[Bizil Polo]

You can determine if the company is yours not just by looking at the sales but also by the degree of interaction you are getting. If you can generate excellent leads, this should be a sign that, with right management, the organization can survive.

 

[frederick_9]

1. Map out the financials. Do you know what it will cost to get your business up and running? ...
2. Understand your target audience. Who are your ideal customers? ...
3. Get to know the competition. ...
4. Define your points of differentiation.

 

[Georgeadawara]

The difference is very clear, to know whether a specific business is profitable or not I think, one has to know the amount of money he or she makes on a daily basis.

 

[eenya00]

The difference is very clear, to know whether a specific business is profitable or not I think, one has to know the amount of money he or she makes on a daily basis.

the amount of money you make on a daily basis should not be the only pointer as to show if your business is profitable or not, but the amount of traffic that comes to your business premises.

 

[Mighty]

Well this is a very easy questions and I believe that if the business is yours, then you can tell from the level of engagement that you are getting and not just the sales alone. if you can get quality leads then this should be a pointer that the business is viable if managed properly.

 

[Syldan]

I think the majority of people this days can not be convinced by word of mouth unless they are given proof of statements or something that can show you are really making good income from online.

 

[GoldenLady]

It should be deduced from the relative success of the investment compared to what others in the same niche make. You can check for things like the revenue generated and the expenses you incur, and see if you are making profits.

 

[Sotherefore]

Personally I base it on two things . As long as it is a solid investment opportunities that can help you make money then it is trusted but I don't know of investment because I won't encourage anyone to carry out any form of online investment accept cryptocurrency which you are willing to risk.

 

[Alisco]

How can you tell if an online business is profitable and a good investment?

Well I can tell if online business is profitable and a good investment only when physical evidence of shown in individuals who are engaged, like the test of there luxury or the physical cash or alert gained by doing business.

 

[HayKay]

If the effort you're putting in is yielding results, if you're getting lots of reviews (this means people are reading your content), if you're making sales and getting returns plus a constant demand for your product or services.

 

[glitch]

By looking at the numbers.

Unless you are talking about an idea or concept. There is no way of knowing without comparing it to other similar businesses.

 

[Ronny_4son]

A business can be deemed profitable if it meets or exceeds the profit margin predicted through extrapolation and estimation on regular occasions. Also, a well patronized enterprise is a sign of a profitable one

 

[Sotherefore]

Most times a profitable online business will generate profit, it is not stressful and you are capable of making reasonable amount of money at the end of the month. Some business at the same time could also be profitable depending on your position even in the online space.

 

[Chibson]

one of the ways I know if a business is good and profitable online is if I see someone making profit from it. The reason I developed interest in Amazon Kindle publishing is because I know people making money from it.

 

[Syldan]

Actually to some extent, it now very difficult to convince someone about online investment or business simply because people believe it's all scamming and won't like to engaged not until they have tried and have better proof.

 

[Sincerem]

In most cases you will not be able to tell because most online business will always come out as something to be trusted , even when they have the intention of dubbing many.

 

[Chibson]

In most cases you will not be able to tell because most online business will always come out as something to be trusted , even when they have the intention of dubbing many.

that is a pure Ponzi scheme. Whenever you are talking about online business you should not be talking about those kind of platforms because they are scam. You need to talk about blogging, affiliate marketing, YouTube and others.