How to Think About an Online Business

The usual way of making money is easy and safe when your working a 9 to 5 job. Your time and talents are paid for either by the hour or by salary.

The other way of making money is by becoming an entrepreneur. This is done through a business vehicle, a type of company. You could buy and sell a product or service; or both. This has risk to it as an investment is made. If the business fails the investment is lost and usually funds were borrowed and now have to be paid back. If the business succeeds, then you make money and only after you break even (after you have recouped your investment to start the business). Also, keep in mind that the general rule for business profits after all the overhead is around 10% per year. When a business model works then you multiply it. This is auto pilot for making money. The 10% per year over 3 companies makes 30% profit. This approach works for many people who have taken the risk.

There are other ways of making money like the stock market, flipping properties and other assets. This type of way to make money requires large investments. Most people just don’t have the funds.
Finally, there is yet another way of making money. The internet has created e-Business. This is a relatively cost effective way of making money. There is no physical store front or office. This is a big advantage for start-up costs. Let me break it down. The cost is low. You need a computer and just about everyone has one. I suggest a laptop if you need to buy one now. This will give you mobility. Second, an internet connection. Don’t skimp here, get high speed DSL or cable. You will not be waiting for down loads and uploads. I suggest you bundle your phone, long distance service and internet together to get further savings. Third, a host for your web site or blog. I have looked at many and found HostGator to be the best host offering the most dynamic product with great support.

Now you have the tools to make money on-line. I don’t want to be negative here but many will not succeed with just what I mentioned above. A business must be treated as such. Put funds aside for marketing and purchasing educational products and programs which will move your business and your knowledge of the internet forward. Spend the time to learn your topic or products which you want to offer on-line.
The reason is you will need to have the advantage of the “web gurus” to be on the advanced fast track. These “web gurus” are making money on-line. Learn from them to be successful. There are several tools I have posted on my blog.. Look trough them. You can usually get some good information just from listening to the presentation and you will surely be motivated to succeed.

I will be explaining how to get the domain name to use for your e-business and how to search it to see if it is available. I will also show you the elements for a successful internet business.