For
the absolute
novice the foray into creating a
money making online business can be quite daunting. Most don't know where
to start let alone know what to
do or how to do it. The one common theme, no
matter what their circumstance, is "I want to make money!"
The key to having an online money making business is a change
of mindset from
employee to business
owner or entrepreneur.
The employee clocks
in every day, does the required
tasks, clocks out again and spends their pay check; sometimes years in advance if they have accumulated credit debt.
The business owner
however takes a wider view. He or she has a business
plan, sets goals and initiates strategies to
achieve them. The business owner forecasts their income in advance.
One
of the first things to do, to avoid information overload, is to sit down with pencil and paper and plan
your business.
Begin by
defining what sort of business
you want:
1. Physical products
This could be based
on something as simple as
your favourite craft or hobby. My teenage
daughter, for example, loves making
her own jewellery;
so much so that our home is literally littered with her
"creations". Therefore I built a website for her to
sell it.
2. Electronic Products
If
"making" a physical product to sell seems like too much work, how about creating a "How To" ebook about all
you know on
your favourite hobby, craft or area of expertise. Electronic products are very popular with those who want information
but don't have the
time to do all the
research. Gather all your knowledge up in one package and sell your efforts again and again and again.
3. Affiliate Program Products
If you are
really stuck for an idea of a product to sell, affiliate marketing is a good place to start. Affiliate marketing is selling someone
else's product for a percentage of the sale. The secret to this kind of business is find products that you really love;
it will be easier to succeed if your heart and soul is in your business.
There's no reason why you can't do all three - eventually - but for a start choose just
one. Once you have decided, plan out ways to implement this
new business. Break the plan into smaller,
easy to achieve
tasks. For
each stage of implementing your money making business
work on bite size pieces.
For example: "I need a website" can be refined into:
- Registering a Domain Name
-
Find a web host
- Find an Auto-responder service
- Find a web designer or for the do-it-your-selfer, lessons on website building
- Find a payment processor
A certain amount of single-mindedness is required as it is easy to become distracted. You might find ideas popping into your head as you are working away. Great! Write them down in your ideas vault and get back to business. They can always be developed later
when you have finished the task at hand
All good business owners
work within time-frames. Use this to measure your effectiveness and productivity. Schedule time for your tasks, set a completion date, review your progress, and then adapt to make improvements.
While overseeing your business as a whole and focusing on the tasks required, your online money making business will take form and you'll find you will make money.
Dee-Dee MacLeod-Wilson (
http://www.wanttoworkfromhome4life.com) is a Kiwi work from home mom with a holistic approach to helping like minded parents become successful work from home families.