Make Money Online With Your Own Home Business

Make Money Online from Home
No capital?  No problem.  Read here for free information on 4 cheap ways you can earn money online working from home.

Starting your online business, rather than going the Affiliate or Drop Shipping route  means you take responsibility for the whole thing. You create the product, bring it to the market, deliver, organise finance etc etc.

 That is you have to:

• Come up with the idea (to be discussed in detail later)
• Find out if enough people want it to make it worth while
• Get your Products / Services in line
• Work out how the entire process will operate
• Work out how you will bring your customers to the site (marketing).
• Set up the website, blog or other form of online selling.
• Go, go, go

I should say that all of these subjects will be discussed in detail in online and offline courses available from our website.

What are the Pros and Cons?
What are the pros and cons of building an online business rather than an affiliate business or a drop ship business?

Pros

You personally:

• Control everything to do with your internet business. 
• Bank all the returns your online business makes rather than just a percentage.
• Decide what you sell. 
• Control customer care, quality and service. 
• Can sell your products and/or services through affiliates. 
• Can sell affiliate or drop shipping goods as well as your own range if you want to.

Cons

You personally:

• Must manage premises (even if that is a website), staff, stock, cash, shipping and returns.
• Work alone – you will have to create or buy all your own sales and marketing materials.
• Have to pay for goods before you have sold them and manage cash-flow.

Who Might Want to Build Their Own Online Business?

Those who might want to build their own online business include:

• People who don't yet know much about running an internet business, but are totally excited at the thought of finding out. 
• People who know a bit about business (on or offline) are ready to begin their own venture.
• People who don't yet know much about it but know they like to control all aspects of their business. 
• People who have some capital and want to make as much money as possible from their business. 
•  People who have no or very little capital and want to make as much money as possible from their business.

What Do You Have to Focus On?

• Product: What will you sell, what level of quality will the product have, what size is the market for it?
• Price: what will you charge for your product / services? Will you go for a high quality, high price item, basic quality, low price or somewhere in the middle?
• Place: Are you going to use a website or a blog? Where will you market? Will you have a sales outlet and market offline as well as online?
• Place continued: How will people get the goods they have bought? How will you ensure that you get the right supplies at the right time?
• Promotion: How will you persuade people to come to your e-commerce outlet, and what is the best way to get them to buy as many items as possible. 
• What prices are similar products / services are being sold for online. 
• How many units of your product or service do you have to sell a month to achieve your required income.

How Does it all Work?

Below is a very simple example of a work-flow process. Start with your customer's actions and walk through everything that has to happen in order for the customer to receive their goods quickly and in good condition.

How will you Bring Your Customers to the Site
Marketing will be your primary task in your online business

Considerations:

Some of the things you will have to manage to make sure your online business is successful are:

• Search Engine Optimisation (SEO). This is a vital part of marketing if you are dnot to spend a fortune on Adwords.
• E-mail marketing.
• Audio / video Seminars.
• Sales (squeeze) pages. 
• Using Social Media including blogs. 
• Building links. 

Remember, if you don't like the sound of this, you can get information about three other ways of setting up your business online cheaply in later blogs:

Affiliate Marketing        Drop Shipping               Put Your Business Online

  And through My Business Coach Online

Also, please take our free 5 part introduction to Affiliate Marketing here:


 If you are not sure which type of online business is for you, it does not matter – you can use them all. Consider some of these examples:  

• How about putting your own existing offline business online, and adding a range from a drop shipping warehouse?
• You could have a drop shipping site with some links to affiliate goods.
• You could have your own online business with a range of drop shipping goods and a few affiliate items as well
• You could put all four approaches on one site.

The point about this is that you are here to enjoy yourself and to make money online. You should try different approaches to make sure that you are not missing the thing that would push your site into the stratosphere.