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.