Getting Started: An Introduction to Online Business

Getting Started:

An Introduction to Online Business

Though there are many definitions for online business, here's the

one that I deem most apt for our discussion here:

Online business is one that is operated via the internet and that brings income via the internet as well.

In online business, your website or blog is your showroom/store

where you display your wares and skills and convince prospects

that you offer quality.

There are two types of online business: active and passive

An active online business is one that requires you to render

specific services or requires your active participation in some other

way. Most of the time, the profit you'll make from an active business

is proportionate with your activity.

For instance, if I’m a freelance writer. So, my monthly income is based on how many writing assignments I complete within a month. If I decide not to write, then I won’t make money.

Your online business would be an active one if you render services

such as ghost-writing, graphics design, SEO, programming, virtual

assistance, data entry, etc.

A passive online business is one that brings income continuously even when you're not actively involved.

In online business, your website or blog is your showroom/store

where you display your wares and skills and convince prospects

that you offer quality.

But does that mean you're not required to do anything? No.

In fact, for you to make money through passive means, you must

have invested lots of time, effort, and even MONEY right from the

beginning. Only after you've built your business perfectly can you sit

back and enjoy the fruits of your labour. So, passive online businesses also require hard work (even more than active

businesses).

When a passive business starts to generate profits, there's no limit

to the income you can make from it. And you can continue to make

money even when you're sleeping (that why it's called "passive").

Examples of passive online businesses include affiliate marketing

and information marketing (you’ll know more about these later).

The bottom line is that both active and passive online

businesses require hard work.

So, if a self-proclaimed "genius" somewhere is promising to teach you how to make thousands of dollars overnight or at the click of a button, quickly raise your bullshit detectors and look elsewhere.

PS. Sports betting, investing in HYIP schemes, and being paid to read emails or completing surveys are ways by which people make

money online. But they’re not real online businesses.

A real business is what you own, run, and have control over the income it brings. So, I only teach real businesses that have permanent profit potentials.

With the above in mind, let's look at the tools you'll need to start an

online business.

No, you don't need to be A PROGRAMMER or A Graduate In Marketing or writing. And you don't need a huge amount of cash to get started, either.

Here is a short list of all that you need:

· A computer (laptop, desktop, etc.)

· A reliable internet connection

· Basic computer skills (browsing the internet, typing, performing simple computer operations such as uploading images, etc.)

· Minimal writing skills. I stress the word "minimal." All you need is a basic ability to express yourself clearly.

· $10 per year to register your domain name. Plus hosting fees (this varies depending on your chosen host) if you're not going for a free hosting platform.

· Most importantly, a strong determination to learn and take action, and the zeal to succeed.

Having understood all that has been stated, it’s very important that

you know the hard sides of online business, as this will help prepare

your mind for the challenges ahead.

You’ll learn these in the next lesson.

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