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Any entrepreneur who’s surfed the internet for 5 minutes has seen the ads. “Make Money on the Internet Working 30 Minutes a day?” “Want to Earn 6 Figures in 6 Months?” “Start Your Online Business and The Only Work you’ll ever have to do Again is Cashing Checks”. Some of them are laughable yet naive entrepreneurs fall for them all the time. There wouldn’t be hundreds of these ads on the internet if they didn’t work. And I mean, make money for the person selling you the e-book, website, home business start-up kit or Multi-Level Marketing Scheme not for you.

Let’s Get Real.

Some people believe it easy to start an online home business, but without having a handle on what is needed to make money online, they will fail like the rest of the 99% that try building a home business on the internet. There are things you must know and ‘tricks of the trade’ that will make the difference between success and failure. This is what we’re going to discuss; how YOU can follow a step by step process to build your own small business and be one of the 1% that are successful.

The Best Part is you don’t Need a Ton of Money to Start the Business.

You don’t need an investor or venture capitalist and you probably don’t even need a loan. You can do it full time or start part time and gradually move to full time as you replace your current income. How much money you make is based upon a little luck, a lot of determination and your desire to succeed. If you didn’t have the desire you probably wouldn’t be reading this right now.

The fact that only around 1% of those that start an online business succeeds should be indication enough that there is more to it than just the will. There is also the attitude, information and knowledge. Let’s have a look at each of these.

Attitude is Important.

Your online home business is a business, not a hobby, and it should be treated as such. You have to discipline yourself to work towards a set plan and achieve your goals: set monthly, weekly and daily targets, and if you take time off for a lunch with a friend, or to watch an episode of Lost, then work later until you have met your targets.

Set reasonable expectations. Don’t aim to high or you’ll burn out before you ever really get going. Remember, this is a marathon not a sprint. Targets should be set so that you achieve so much in a certain time, and when you meet them all, your business is that much stronger and on course for success. Newcomers to internet business will most likely need some help with that to start with, but you should quickly get into the swing and be able to formulate your own online business plan and set targets to achieve it.

Don’t look upon your income as spare cash: look on it as your income, even if you still have a regular job. Most that are still learning about what is needed to make money online have a day job, although quite a few are unemployed. That’s why they are trying to use the internet to make a living especially now with the current economic climate. Think positive. Fortunes are built during the bad times and cashed in during the good times.

Knowledge Is Only As Good as the Source it’s From.

There is a lot of information online, but information is no good on its own with knowing what information is useful and what is not. You must also know how to use the information provided to you. Simply being told that keyword research is essential for the success of your website will not help you to carry out that research properly, and arrive at the right keywords for which each page on your site should be optimized.

You have to be told how to carry it out and how to apply it to your online home business. Not only that, but too much information can be just as bad as insufficient. You can suffer what is referred to as ‘information overload’. You have all the information you need to be successful, but there is so much of it, and how do you put it all together to formulate a coherent business plan?

Check the resource where the information came from. Seek out experts. Find their blocks and subscribe to the RSS feeds. Listen to people who’ve been successful doing what you are doing. You’ll find they all share common characteristics. Don’t forget to research, research, research.

Knowledge Comes From Information.

There are a lot of intelligent people that start an online home business, but fail because they have no idea of what is needed to make money online. There is a lot to learn, and most of the currently successful internet marketers have spent a great period of time devoted to learning their craft. Many had to learn and improvise as they went, because internet marketing was new when they started, and they set the standards and level of knowledge of their day.

Now, however, there is a lot of information available online but you have to know what you are looking for before you know what to search for! How do you get a website started up? There are several steps, including:

o Decide how you are going to make money: by selling a product, providing a service or some other way.

o What form will that product or service take? Do you have to create it yourself or sell, on commission?

o How do you choose a domain name?

o You have found out that you should carry out keyword research but how do you do that properly?

o How do you buy and register a domain name, and then use it on your website?

o How do you start up a website?

o How should your website be designed?

o How do you go about designing and constructing it?

o How do you advertise your website? How do you get your site listed on Google and other search engines?

Take Your Time. Step by Step.

We have barely scratched the surface with the above basics. Without that knowledge, however, you don’t have any hope of succeeding with an online home business, and you will be like the 99% others that fail to make money online.

The best way for most people to learn, and the way that most appear to prefer, is just like being at school. You are not given the entire alphabet to learn at once: you learn a letter at a time. The same with learning how to start an online home business and make money online:

1. How to choose a money-making or internet marketing technique.

2. Find out how to formulate a plan, and set regular targets.

3. How to choose the right product.

4. How to get a website started up.

5. How to get your products on the site, and how to set your site up to collect payments and deliver the product.

6. How to promote your product and website.

7. How to set everything on autopilot and get onto your next project.

That is just one of a good sequence of events, whereby you are provided the information in easily digestible pieces that come together to provide you with a viable online home business that will not only help you to make money online, but also work as the basis for a massive internet empire that could one day see you earning 7 figures online.

All of the above can be achieved by taking the time to learn at your own pace, lay the foundation, stay motivated, achieve your goals step by step and launch your start-up small business. It is recommended, and money well spent, to hire a mentor or business coach to assist you with your new endeavor. Not only can hiring an experienced mentor save you time and headaches but also money as well by keeping you from making the mistakes and falling into the failure traps of the other 99%.

Happy hunting and go make some money!

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Source by Ellisa Brenneman