In fact, this is case now in the computer-literate world and it has been estimated that within the next decade up to three-quarters of the world's working population will be working from home.
The major problem with money making online is where to start. Without the right advice over 95% of those who start will fail within a year. There are many reasons for this. The main causes are, a failure to focus, a lack of clear goals and falling into the trap of regarding a home business as a pastime rather than an occupation.
Here are five initial steps towards making money online that, if followed, should help you to avoid these pitfalls that hold up the progress of the vast majority:
1. Assess Your Own Abilities
The most successful online entrepreneurs not only do what they enjoy doing, but take advantage of their strengths while working on their weaknesses. Your first step, then, is to evaluate your skills and make a note of what YOU like doing. Are you a good writer, are you a good artist or graphic designer, or can you sell snow to Eskimos?
Everybody has at least one thing that they either enjoy doing or are good at. Whatever it is, it will sell online. Every product and every skill that is used offline is also being used by somebody online to make money. So:
- Write down a list of your skills, knowledge and what you like doing.
- Decide on a product or service.
- Make up your mind how to create your product, and whether you have the skills to do it yourself, or pay somebody to do it for you.
- Set goals - a date for the launch of your business and how much money you want to make.
- Focus on your goals and work as hard and long as is necessary to attain them.
- Regard your home business as an occupation and not a pastime.
2. Carry Out Market Research
You have to find out
a) if there is a market for what you have to offer, and
b) who your customers and your competitors are.
You must decide:
- What products or services will you be offering?
- To whom will you be offering them?
- How are you going to offer them? What marketing methods will you use?
- What is the competition? Is there a market or is the competition too strong?
- What is your Unique Selling Proposal (USP)? What makes you stand out from your competition?
Continue read here
Five Initial Steps to Money Making Online
