you can first know at what business whether you are good at??? try to use that experience for starting an online business in that specific domain and if you feel need of SEO for your business---go for it..!!! thanks..
If you do have that much money, then don't limit your options to online business. Choose a business that you really love and make sure to spend your money wisely. (I'm sure you're laughing your ass off right now because of your stupid, nonsense question!)
the best business for him to start is the one he know's most about. for 500k you will be able to set up more than one website so you can split risks. I would go for two main projects and maybe some side ones do learn from and bring money in while the major ones are still in develomepent.
i think if you can create some applications for smart phones the market potential is great an the cost is also less
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I think it depends on how much risk you want to take. If you are willing to take some risks look into penny stocks, day trading, and forex trading.
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Better don't play with forex, you can easily lose all your money. The most efficient way could be to research about and then to buy several operating, profitable companies without debts. Since it's been quite a time since the beginning of the post, I think everybody'd be interested to hear what did you stop at?
The Online Dating industry is the only one among social network niches which is not yet monopolized by giants like facebook, google, twitter etc. Still there are many small and average players in this niche so its easier to start.
Internet Marketing is the best online business and also using the internet marketing many of them like to do online shopping. The people mostly like to do online shopping for the wholesale silver jewelry