Making Money at Home – Start Your Online Business

Making money online with your own small business is the subject of this article. My last two articles described how you can make an extra income stream, or indeed start a small business working from home by becoming an affiliate marketer or a drop shipper.Starting your own online business means taking a step past Affiliate Marketing and Drop Shipping. It means you take responsibility for the whole thing. You find or create the product, sort out suppliers, bring it to the market, undertaken deliveries, organise finance etc etc.That is you have to:Create the concept.
Check whether there is a market for it.
Organise Products / Services.
Design the entire process.
Set up the ecommerce website, blog or other form of online selling.
Market the website and the goods or services.
And go, go, go.What are The Advantages and Disadvantages to Starting Your Online Business?What are the advantages of starting an online business rather than an Affiliate business or a Drop ship business?You control everything to do with your internet business.
You keep all the profit.
You make all the decisions.
You are in control of quality, service and customer care.
You can join an affiliate agency and sell your goods/or services that way.
You can add a range of Drop Shipping goods and Affiliate items if you want to.Disadvantages include the fact that you:Must take care of staff, stock, cash, Shipping, premises and returns.
Work alone.
Have to buy goods before you can sell them.
Have to manage cash flow.Who Might Want to Build Their Own Online Business?Anyone who wants to own their own business but has little capital.
People who know something about business (on or offline) and want to start their own e commerce site.
People who know they like to control all aspects of their business.
People who don’t yet know much about running an internet business, but are totally excited at the thought of finding out. What Should You Focus On Most?Product: find a service or product, define the market size and decide the quality levels.
Price: Decide on a price level to match quality. Don’t compete on price alone.
Place: Will you sell from a website, blog, MySpace etc? Will you have a terrestrial outlet and marketing approach?
Place continued: What delivery system will you use? How will you check your potential supplies out?
Promotion: How will you market your products and website? Some of the things you might have to manage to make sure your online business is successful are:Search Engine Optimisation (SEO). This is a vital part of Marketing if you are not to spend a fortune on advertising.
E-mail Marketing.
Audio / video Seminars.
Sales (squeeze) pages.
Using Social Media including blogs.
Building links.These are just a few of the areas you will have to work on when building your online business. Even if you can afford to outsource from the beginning, it is vital you have helped to design the Marketing plan and are able to detail it to others who may be working with you.Plan Act Review.Even this short article has enough in it to terrify all but the most determined. But DON’T PANIC!! Like everything else in life, if you plan well (and split what you have to do into small chunks), act when you need to and review what you have done so that you can change it if it is not successful, you will be OK.Good luck with starting your online businessOnwards and upwards.

Here Are 3 Work From Home Tips Everyone Should Think About Before Starting Their Online Business

Working from home is one of the best career moves many people make. It’s especially great if you can make just as much, if not more money than your previous J.O.B.I believe that anyone who really wants to make it happen can make a success of a home based business, even more so if they decide that their home based business is an online business. But, what does it take to earn enough money from your online business to be able to do it full time?If you are the type of person who likes the feeling of being at home, likes knowing that you are literally one room away from your family (just in case of emergency!), likes not having set hours, or a boss, or even a commute, then a home based online business is perfect. There are also a lot of people who feel the thought of staying at home with the family most days is horrifying! For those people, they are better off with the stability and escape of their 9-5.If you are one of the many who would love to be an online business owner, then make sure you understand these 3 tips before you go ahead and quit your day job!ONE – What are your passions in life?TWO – Keep your day job, at least for now. Set your new online business certain goals that mean you do not quit the day job until all the goals are met.THREE – I feel like I say this to people more than anything…you are running an online business. The key word here is business. Treat your online business with the upmost respect, hard work and intelligence as you would do if you were investing your time and money in any offline business.Allow me to briefly summarise each of the above.First one is discovering your passions. This is a great place to start. Simply because if it is a passion of yours then you won’t feel like you are ‘working’ any extra. If you are genuinely passionate about your business then you will enjoy putting the ‘work’ in. I went to a seminar in London not too long ago and one speaker in particular summed this up well. He said if you can think of 10 chapters for a book on your particular subject, then think of 10 tips for each chapter, then you have a great knowledge of your subject and that book would have great value to the reader. If you can’t, then you are probably not passionate enough about that subject.Second one is to keep your day job. If you are going to start up your own online business, then unless you already have a good chunk of money set aside ready to invest in it and be able to keep you and your family afloat, then you are going to need the income of your current job. Put the effort in to research exactly how much money it will take to get your online business set up. After that make sure you have also invested in the right online business systems. Only then can you really figure out how much online money your business needs to make to support your lifestyle so you can finally quit that damn day job!Thirdly was to make sure you have that ‘business’ mind-set. I truly believe this is where so many people fail online. In fact, I have seen it with my own eyes, too many times. Getting yourself mentally prepared to become an online business person is the most important step in my opinion. If you do this then you then you will be prepared for the work you have to put in. This is generally in the evenings and weekends at first, to get your business off the ground. You will also be prepared for any challenges that you will inevitably come across. You see, a real business person even expects these challenges, therefore will overcome them quickly and move on to the next challenge. On the other hand, someone who thinks that making money online will be the ‘easy way out’ and won’t require much hard work, will crumble miserably at their first hurdle.I sincerely hope that you are going to be one of those people that are thriving online. A home based online business can provide you with the dream lifestyle that you have always desired and deserved. I say, get your head in the game and go for it!