Making Money Online is a really HOT phrase these days. It's one of the most popular search phrases for on Google, MSN and Yahoo! It conjures up images of being able to sleep in on a lazy, rainy Monday morning, or taking a leisurely stroll in
the park, knowing that your online business is raking in the cash! It's about being free from the volatile job market and having the financial and personal freedom to work anytime, anywhere, anyway you want. But at the back of your mind, you're asking yourself, "Is it really that easy to set up an Online Business?" Well folks, the answer is YES and NO. If you're considering joining the millions of folk who are clicking on the net hoping to make a quick buck, here are a couple of YES's and NO's you need to know:
It's easy-peasy to set up an online business
YES! - Setting up an online business is ridiculously easy these days. Technical innovations make it possible to have
Your business up and running in a matter of minute.complete with a ready inventory of stuff Sguaranteed to make you tons of money.
NO! - It's wha.comes AFTER the setup that's difficult. Other than the fact that
Your business operates in cyberspace, everything else about running an online business is the same. You still need a business and marketing plan, advertising and promotional campaigns. It takes hard (brain) work initially at least!
I'll be swamped with orders from all over the world!
YES - The beauty of an online business is that your market world-wide! Even if you manage to sell an e-book for only 10 dollars to a fraction of this market, you'd be a very rich man/woman indeed!
NO! - Setting up a website is pretty much like building a hotel on an exotic island. You may have the best beaches, services and products, but nobody's going to know you exist until you shout it out to the world. That's probably the hardest and most frustrating aspect of promoting an online business. Building a substantial web presence can be expensive if you want it done quickly OR a long, lonely and tedious journey if you're on a budget!
Tons of people will visit my website!
YES! If you have a VERY unique website, product or service, people will quickly pick up on it and you will see other websites and sources driving (people) traffic to your site.
NO! - One SEO (Search Engine Optimization) report estimates that Google well over 5 billion web pages a day! Yours is probably one of many thousands (if not millions) vying for that coveted top spot in search rankings for your category. Unless you have professional SEO people looking into this for you or you are into SEO, you will probably be languishing in page 20 or more for quite a while. Be prepared for this!
Making money online is dirt cheap
YES! You can get by with free or cheap web hosting, free email, and a battery of free tools to run your online business. There are many people who have made millions with very little investment, but these are the EXCEPTION rather than the rule.
NO! Eventually, as your online business grows, you will require specialized services like faster web hosting, autoresponders, link management and SEO tools - just to mention a few. The online business arena is a fiercel.competitive one where you will b.competing with the big boys so you have to be prepared to invest in your online business. It takes money to make money.
My online businesses will guarantee me passive and
residual income YES! If you're hardworking, persistent and you approach your online businesses with the same fervor as you would your career, the results will be quite pleasing indeed, hopefully not just for yourself, but for your family and generations t.come!
NO! Statistics show that about 85 % of people who attempt to run an online business eventually give up after a year. These are the folk who either went into it believing the praffiliate programs thinking that they'll be able to work on all of them at the same time. Most successful Internet Entrepreneurs will tell you that the best way is to work on one specific online business (or website) until you've achieved some level of success before you move on to building the next one. Work on a schedule and give your online business time to grow. Eventually, you will have a network of money making ventures creating multiple streams of income!
In closing, remember this - the online business pie continues to grow at an incredible rate everyday. There's enough for everyone so dig in and enjoy! Here's to your success and mine too!
Andrew Shim is the owner and editor of PositiveMoneyIdeas.com a website which offers FREE
positivemoneyideas.com Money Making Ideas for those interested in starting their own freelance or
Home Based Business and PositiveTones.com a FREE resource website for
positivetones.com Positive Living. He and his wife run a successful home catering business.
