I was reading some of my favorite blogs this morning when I run across one of the best on the net, and I look forward to this one every time it is updated. The recent post I was reading about today is “Starting A Free Online Business”
Her blog is Clicknewz by Lynn Terry . Great post yesterday on online business ideas and how to start an online business from scratch. She certainly knows because she is a work at home mom who has lived it for the last 12 or so years.
This lady knows her business and loves to share what she knows with thousands of others on a daily basis. If you haven’t been following her RSS Feed yet, you should start immediately.
Personally I have been following her work for over 5 years now and I learn something new each and every time she posts.
If you are starting up an online business or thinking of starting up an online business, then do yourself a favor and check out her work. You will be more profitable because of it, that I know.
She has a great free online business forum at: Self Starters Weekly Tips Forum and I spend a lot of my research time there, learning as much as I can. Look me up if you check in there.
Here is a bit of her post but you really need to read her full post at: “Starting A Free Online Business” because it’s full of great home business tips and strategies.
Home Business Ideas
There are so many home business opportunities and internet business ideas, that it can be a little overwhelming to figure out where you should start. We talked about a few of the different business models – from ecommerce sites that use wholesale dropshipping, to offering a service or starting your own blog.
You can make money online in a variety of ways. Just a few examples include: sell your own product, offer services, sell advertising on your website or blog, or promote other people’s products and/or services.
That last option is called Affiliate Marketing. It’s basically commission-based sales, and I compare it to the offline model of selling Kirby vacuum cleaners. When you make sales, you make money. You can sign up as an affiliate for a company and they will give you an Affiliate Link. You promote that link, and anyone that goes through your link to make a purchase will be tracked – resulting in a commission to you for that sale.
This is the internet business model that I focused on during our conversation over lunch yesterday. I actually use a variety of internet business models to make money online myself, but Affiliate Marketing seemed to be a perfect match for my new friends.
Some business models are active, while others are more passive. An active business model requires a more active role on your part. A membership site for example is high maintenance. If you offer services, then you need to interact with clients and take phone calls on a regular basis. I prefer passive income models, which allow you more freedom and flexibility.
That’s not to say that active business models cant be incredibly profitable and successful, just that something more passive seemed like a good fit once I got to know her a bit.
To clarify, when I say passive I dont mean that you wont have to work at it. I think we’ve all kind of figured out by now that “get rich quick schemes” dont really work. And we were discussing real, legitimate ways to make consistent income online. Not spotty one-off ways to make a few bucks here and there.
We discussed the realistic investment of time and money, and I confessed that I put a lot of time in upfront to get each of my internet business models up and running (some more than others). I explained that you could invest money to get sales rolling in quicker, or you could invest time (up to 6-12 months even) to get your sales up to a good level on a consistent basis. You’ll make money along the way of course, but geting that consistent income is the key.
I hope I didn’t give all the good parts away. Your business could literally take off or it could even start you in a whole new completely different direction that takes you right into profits immediately. See you next time.