An Introduction to Online Business
Now, let me speak directly to your mind... I know you're really itching to set up your blog, market it, and start making money. But calm down, my friend. A long journey starts with a single step. So, let's be gradual in our approach. Now, I won't hide any truths. Online business is not as rosy as some people may have made you to believe.
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But I can offer tips that will help ease your journey towards setting up a successful online business. There WILL be times when this business is very hard, when nothing seems to be going your way, and when you feel like quitting. These are natural states that we all experience. The golden secret is to remain determined and not give in to them. You must learn how to handle these situations and feelings. There's this one thing I can guarantee with absolute clarity: If you don't take the steps I'll share in this blog, you won't achieve the expected results. So, prepare your mind for success by having a strong resolve to implement everything you learn. If you do, in the near future, you'll look back with pride at what you've accomplished.
On a final note, build a habit of success... Most of the things we do in life are simply habits that have been formed through repetition. We can use this to our advantage, but most of the time we do not. Many of our habits are negative and destructive. We have habits of negative thoughts, wasting time, overeating, overspending, etc. Your success with this blog will depend on whether or not you take the actions that I prescribe.
Why not take advantage of the incredible power of habits and use it for your own good? Keep in mind that I've presented all the lessons from my own perspective. It won't hurt if, after reading a lesson, you research the web for more information about the content of the lesson.
(And if you come across some information that leaves you confused, send me an email.) To succeed in online business, more of your spare time should go into learning and implementing – consistently. Not "Facebooking" or "Twittering" for hours. Not reading celebrity gist that adds no good to your life. So, read this notes, implement whatever you learn, ask questions when necessary, be determined to succeed, and you’d be very fine in the end.
Getting Started: An Introduction to Online Business
Though there are many definitions for online business, here's the one that I deem most apt for our discussion here:
Online business is one that is operated via the internet and that brings income via the internet as well (my definition).
In online business, your website or blog is your showroom/store where you display your wares and skills and convince prospects that you offer quality.
There are two types of online business: active and passive An active online business is one that requires you to render specific services or requires your active participation in some other way. Most of the time, the profit you'll make from an active business is proportionate with your activity.
For instance, I’m a freelance writer. So, my monthly income is based on how many writing assignments I complete within a month. If I decide not to write, then I won’t make money. Your online business would be an active one if you render services such as ghost-writing, graphuics design, SEO, programming, virtual assistance, data entry, etc.
A passive online business is one that brings income continuously even when you're not actively involved. But does that mean you're not required to do anything? No. In fact, for you to make money through passive means, you must have invested lots of time, effort, and even money right from the beginning.
Only after you've built your business perfectly can you sit back and enjoy the fruits of your labour. So, passive online businesses also require hard work (even more than active businesses). When a passive business starts to generate profits, there's no limit to the income you can make from it. And you can continue to make money even when you're sleeping (that why it's called "passive"). Examples of passive online businesses include affiliate marketing and information marketing (you’ll know more about these later).
The bottom line is that both active and passive online businesses require hard work.
So, if a self-proclaimed "genius" somewhere is promising to teach you how to make thousands of dollars overnight or at the click of a button, quickly raise your bullshit detectors and look elsewhere.
PS. Sports betting, investing in HYIP schemes, and being paid to read emails or completing surveys are ways by which people make money online.
But they’re not real online businesses. A real business is what you own, run, and have control over the income it brings. So, I only teach real businesses that have permanent profit potentials. With the above in mind, let's look at the tools you'll need to start an online business.
No, you don't need to be a programmer or a graduate in marketing or writing. And you don't need a huge amount of cash to get started, either.
Here is a short list of all that you need:
• A computer (laptop, desktop, etc.)
• A reliable internet connection
• Basic computer skills (browsing the internet, typing, performing simple computer operations such as uploading images, etc.)
• Minimal writing skills.
I stress the word "minimal." All you need is a basic ability to express yourself clearly.
• $10 per year to register your domain name. Plus hosting fees (this varies depending on your chosen host) if you're not going for a free hosting platform.
• Most importantly, a strong determination to learn and take action, and the zeal to succeed.
Having understood all that has been stated, it’s very important that you know the hard sides of online business, as this will help prepare your mind for the challenges ahead. You’ll learn these in the next Blog.
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