EXHIBIT 10.2

                          GROW BIZ INTERNATIONAL, INC.
                       NONQUALIFIED STOCK OPTION AGREEMENT

                                                                  March 22, 2000

TO:      John L. Morgan (the "OPTIONEE")

         As the new Chief Executive Officer of Grow Biz International, Inc., a
Minnesota corporation (the "COMPANY"), you are hereby granted an option (the
"OPTION"), pursuant to a resolution of the Board of Directors of the Company
adopted on March 22, 2000.

         The Option entitles you to purchase up to 600,000 shares of Common
Stock (the "STOCK") of the Company at a price of $5.00 per share, which was in
excess of the sales price of the Stock as reported on the NASDAQ SmallCap Market
as of the time of the approval of the grant of this Option and as of the close
of business on the date immediately prior to the date of the grant of this
Option.

         Your Option is in all respects limited and conditioned by the following
terms and conditions:

14.      DEFINITIONS. In addition to definitions that may be contained elsewhere
         herein, for purposes of this Agreement and the Option, the following
         terms, when capitalized, shall have the following meanings:

         (a)      "AGREEMENT" means this written agreement evidencing the Option
                  granted hereunder which is signed by both the Company and
                  Optionee.

         (b)      "BOARD" means the Board of Directors of the Company.

         (c)      "CODE" means the Internal Revenue Code of 1986, as amended
                  from time to time, and any successor thereto.

         (d)      "DISABILITY" means disability as defined in Section 22(e)(3)
                  of the Code.

         (e)      "FAIR MARKET VALUE" means, as of any given date, unless
                  otherwise determined by the Board in good faith, the closing
                  sales price of the Stock for that date as reported on the
                  NASDAQ SmallCap Market.

15.      OPTION TERMS. You will be entitled to purchase up to 120,000 shares of
         Stock on March 22, 2001, and an additional 120,000 shares on each of
         March 22, 2002, March 22, 2003, March 22, 2004 and March 22, 2005, so
         long as you are still serving as Chief Executive Officer of the Company
         on such date. If you cease serving as Chief Executive Officer of the
         Company, any nonvested portion of the Option is terminated immediately,
         and any

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         vested portion is exercisable for thirty (30) days following the last
         day on which you served as Chief Executive Officer of the Company or
         until the expiration of the Option, whichever period is shorter.

16.      TERM. This Option expires in its entirety on March 22, 2006. Subject to
         the vesting schedule set forth in Section 2 hereof, the Option may be
         exercised in whole or in part at any time during the term of the
         Option.

17.      EXERCISE. The Option may be exercised by delivery of the attached
         Notice of Exercise to the Company. The exercise price may be paid in
         cash, by certified check, or by transfer to the Company of shares of
         Stock having a Fair Market Value, as of the date of exercise, not less
         than the purchase price of the Stock being acquired pursuant to your
         Option, or any combination thereof. The Company's obligation to deliver
         shares upon the exercise of the Option will be subject to applicable
         federal, state, and local tax withholding requirements. Unless
         otherwise determined by the Board, withholding obligations may be
         settled with Stock, including Stock received as part of the exercise
         giving rise to the withholding requirement.

18.      DEATH. If Optionee's service to the Company as Chief Executive Officer
         of the Company terminates by reason of death, the Option held by
         Optionee may thereafter be exercised by the legal representative of
         Optionee's estate or by any person who acquires the Option by will or
         the laws of descent and distribution for a period of one year from the
         date of such death or until the expiration of the stated term of the
         Option, whichever period is shorter. The Option shall be exercisable
         only to the extent that the Option was exercisable as of the date of
         death.

19.      DISABILITY. If Optionee's service to the Company as Chief Executive
         Officer of the Company terminates by reason of Disability, Optionee may
         exercise such portion of the Option as was exercisable at the date of
         termination for a period of one year from the date of termination or
         until the expiration of the stated term of the Option, whichever period
         is shorter. The Option shall be exercisable only to the extent that the
         Option was exercisable as of the date termination.

20.      NONTRANSFERABILITY. The Option is transferable only by will or the laws
         of descent and distribution or pursuant to a qualified domestic
         relations order as defined by the Code or Title I of the Employee
         Retirement Income Security Act ("ERISA"), or the rules thereunder.
         Except as permitted by the preceding sentence, neither the Option nor
         any of the rights and privileges thereby conferred may be transferred,
         assigned, pledged, or hypothecated in any way (whether by operation of
         law or otherwise), and no such option, right, or privilege will be
         subject to execution, attachment, or similar process. The Option may be
         exercised during Optionee's lifetime only by Optionee or his or her
         guardian or legal representative.

21.      INVESTMENT INTENT. Unless a registration statement under the Securities
         Act of 1933 (and applicable state securities laws) is in effect with
         respect to Stock to be purchased pursuant to this Option, you agree
         with, and represent to, the Company that you are acquiring the


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         Option and Stock for the purpose of investment and with no present
         intention to transfer, sell, or otherwise dispose of the Stock. In the
         absence of such registration, no shares of Stock acquired pursuant to
         the exercise, in whole or in part, of the Option may be transferred
         unless, in the opinion of counsel to the Company, such transfer is in
         compliance with applicable securities laws, and each certificate
         representing any shares of Stock issued to Optionee hereunder will have
         endorsed thereon an appropriate legend referring to the restrictions
         against transfer. Prior to the transfer of any Stock to you, the
         Company may require an opinion of counsel satisfactory to it that at
         all times the Company will be in compliance with applicable federal and
         state securities laws.

22.      ADJUSTMENT IN CAPITALIZATION. In the event of any merger,
         reorganization, consolidation, recapitalization, Stock dividend, Stock
         split, or other change in corporate structure affecting the Stock, such
         substitution or adjustment will be made in the number and option price
         of shares purchasable hereunder, in the aggregate number of shares
         reserved for issuance with respect to the Option, and in the number and
         option price of shares subject to any outstanding portion of the Option
         as may be determined to be appropriate by the Board to prevent dilution
         or enlargement of Option rights granted hereunder, provided that the
         number of shares subject to the Option will always be a whole number.

23.      NONQUALIFIED OPTION. This Option is not intended to be an "incentive
         stock option" as defined in the Code and is granted outside any stock
         option plan adopted by the Company.

24.      NONEXCLUSIVITY. The granting of the Option will not be construed as
         limiting the power of the Board to adopt such other incentive
         arrangements as it may deem desirable, including the granting of other
         stock options. Such arrangements may be either generally applicable or
         applicable only in specific cases.

25.      GOVERNING LAW. The Option and this Agreement will be governed by and
         construed in accordance with the laws of the State of Minnesota without
         regard to conflicts of laws principles, and all terms will be
         interpreted and construed so that there will not be committed any
         violation of applicable state or federal securities laws.

26.      NO RIGHT TO SERVE. The granting of the Option does not grant Optionee
         any right of service as a director, and the Company retains the right
         to terminate service of Optionee as its Chief Executive Officer, or
         otherwise, pursuant to Company's Articles of Incorporation, Bylaws and
         applicable law.


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         IN WITNESS WHEREOF, Company and Optionee have each executed this
Agreement effective as of the date first above written.

COMPANY:                                      OPTIONEE:

GROW BIZ INTERNATIONAL, INC.



/s/ Ronald G. Olson                           /s/  John L. Morgan
----------------------------------            ----------------------------------
By:  Ronald G. Olson                          John L. Morgan
Its: Vice Chairman


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                       NOTICE OF EXERCISE OF STOCK OPTION
                          AND RECORD OF STOCK TRANSFER

TO:      Grow Biz International, Inc.
         4200 Dahlberg Drive
         Golden Valley, MN 55422-4837


         I hereby exercise my stock option granted by Grow Biz International,
Inc. ("COMPANY"), effective March 22, 2000, subject to all terms and provisions
thereof and notify you of my desire to purchase ________ shares of Common Stock
of the Company ("SHARES"), offered to me pursuant to said Option. Enclosed is a
certified check in the sum of $________ or payment in such other form as the
Company has specified.

         [THIS SECTION IS APPLICABLE IF THE SHARES ARE NOT REGISTERED UNDER THE
SECURITIES ACT OF 1933.] I hereby represent that the Shares are being acquired
by me as an investment and not with a view to, or for resale in connection with,
the distribution of any shares of the Company. I understand that the Shares are
not registered under the Securities Act of 1933, as amended ("ACT"), or
applicable state securities laws, that the Shares may not be sold or otherwise
transferred except pursuant to an effective registration statement under the Act
and said laws, unless the Company has received an opinion of counsel
satisfactory to it that such transfer or disposition does not require
registration under the Act or said laws and, for any sales under Rule 144 of the
Act, such evidence as it shall request for compliance with that rule or
applicable state securities laws. I further understand that the certificate
representing the Shares will contain a legend referring to such restrictions.

         I acknowledge that I am responsible for payment of any taxes for which
I may become liable as a result of the exercise of this Option.


                      ,                /s/  John L. Morgan
---------------------- ------          -----------------------------------------
                                       John L. Morgan





         RECEIPT is hereby acknowledged of the delivery to me by Grow Biz
International, Inc. on _______________, _____ of stock certificate no. _________
for __________ shares of Common Stock purchased by me pursuant to the terms and
conditions of the option agreement referred to above.


                                       /s/ John L. Morgan
                                       -----------------------------------------
                                       John L. Morgan


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