How to choose your online business Update #114

• I will do a short series on how to choose your online business and what the options are.
• I will provide some information and  guidance on ‘make money now online business opportunities’ based on first hand experience.
• I will then follow that with a series on how to set up a new blog and promote it for affiliate sales and Adsense.

So let’s start our discussion on how to choose an online business. This is obviously a good place to start and I guess that you will probably already have some ideas based on the masses of information that bombards your email inbox every day. This is in itself a problem because  if you are not very strong you will end up changing direction like the wind as each new product/eBook is floated infront of your eyes. Just remember that every message you receive from the so called  Gurus is designed to draw you in. But you know this already (but I bet you still get hooked).

So what is a business? A business is something that generates income, yes, but it’s more than that. A business is a set of processes that generate an income. These processes can run on their own or by someone you pay. This is an important distinction because if your business needs you to do this that or the other to ensure the money comes in then it’s not a business it’s a JOB. And the JOB is the thing we wanted to get rid of, remember!!

So if you are looking to start something to generate income and change your life you will not do it by creating yourself another JOB. OK, I think I probably stressed that enough but it took me a while to see it and this is especially difficult when you first start working for yourself.

OK, so the next thing to consider is where you are trying to get to with your online venture. We should always ‘begin with the end in mind‘ what is it you are trying to achieve? So it doesn’t matter what your goal is as long as it is realistic and achievable. You need to set yourself targets that you will be able to achieve by keeping at it. If you are looking to earn $10,000/month online then you probably won’t be doing it by selling $20 eBooks but you should be able to achieve it if you are promoting one of the larger ticket opportunities like MyInternetBusiness (MIB). Now we will cover business opportunities in a later update but be aware that the cost of generating $10k with something like MIB will be quite high with all your advertising costs etc. You will also have to look after your team with 5+ new start-ups each month. So there are lots of things to consider.

You also have to be realistic about your current level of knowledge. You do need to learn your craft which with anything takes time.

You must also be realistic about how much you can afford to invest in your business. If you are tight for cash then spending all of it on a high ticket opportunity is the wrong way to go. Better off using a small amount to build a blog and sell affiliate products with a sprinkling  of Adsense. You can set up a reseller hosting with Hostgator for $25/month and Aweber for < $20/month and then build yourself as many sites/blogs as you like with only the cost of a new domain name each time.

If you want my take on it from a personal experience point of view I would recommend starting with the blog/affiliate/info product/adsense route and use this to generate funds and a list and expertise. Then progress from there to bigger and better things.

Well that is probably enough for your sanity.

I would appreciate some feed-back on this and there is a link to a quick 2 question feedback form at the bottom of this email.