Start in the Data Mining Industry

Any one can buy a domain name for $11.99 and set up their own website for less then $200 they might not make it a success but they can do it.
“Total number of websites on the Internet has now exceeded 182 million”

And a large majority of the world currently doesn’t use the internet at all right now but they will someday. Selling a low cost service tool such as a data mining tool or marketing services in the digital age is just at its beginning. Only one that is in that business and comes up with a cheap but effective product will make a killing over the next 15 years as more and more things in the world move onto the internet. currently there is google analytics but that is very raw data that has yet to create a simple system to turn raw data into useable data. for instance my e-commerce website needs a simple tool that allows me to see which products are viewed the most and how many transactions those pageviews resulted in. If most of the people that come to your site are looking at a specific product but no one is buying it you are loosing lots of money for some reason and you have to figure out why before you miss out on even more money.

Joint Ventures

A joint venture with another company can create value for both of the parties involved. Why is it when people approach me about teaming up they always seem to be the one that gets all of the value out of it. Why would I take 25 percent of the profits from a joint venture that uses my labor hours and overhead when all you provide is managing the website. Any time my employee is working on our joint venture instead of my main business means that the other person is borrowing that employee at no cost. well at least that was the Idea of the last women who wanted to team up.

contribution to overhead and labor should always be figured in when you are negotiating a deal. offering a potential partner a small piece of the total profit but then expecting the costs of the business to be covered in that small portion is a good way to ensure that you won't be doing business with that person.