The best time to start your own internet business was probably about 5 years ago. The next best time is now. Online transactions on Cyber Monday, 27 November 2017, reached a record $6.59 billion, according to Adobe Insights. That’s just in one day and is more than a 16% increase from 2016.
But online spending isn’t just about one day. The estimated total for online retail sales in 2017 is expected to be around $2,197 trillion (yes trillion) and 2018 is looking towards $2,489 trillion (source invespcro.com).
This trend means that more and more people are looking to buy products and services online. So if you want to claim your slice of these internet business opportunities, how can you start if you don’t have any products to sell and have never run a business before? Let’s take a look at the 6 keys steps to start your own internet business in 2018.
If you’re thinking about starting a home business online, you need to be aware of a few facts. Firstly, you’re not going to make millions overnight. No business can do that. It’s going to take time to build up a customer base.
Second, although an online business is much more straightforward to set up than most people think, you’re going to have to learn some new skills. They are skills that anyone can learn but, just like driving a car, nobody is born with those skills.
Finally, a home internet business is exactly what it says. It’s an online business based at home. So you’ll most likely be working in your spare time whilst trying to juggle your regular household chores and family time.
Still with me? Many will have already given up now and won’t read any further. But if you’re ready for the work, excitement and rewards of a home business online, let’s get started.
Deciding to become an home business entrepreneur is just the beginning. You know you want to run a business of your own, be it part-time or full-time, but you’re not yet exactly sure which home business model you should follow.
Take a moment to consider your goals and talents and what you find yourself being pulled toward. Consider what you feel most confident about. You may have a particular skill set that might lend well to one home business model over another. If it’s easier for you to earn and do, you’ll be more likely to follow through.
The business model examples ideas described below all leverage the power of the internet and are evergreen – not things that are just trendy and here today gone tomorrow.
The job of a freelance writer online can be a great one if you plan things the right way. There’s plenty of demand and projects to choose from, once you start to build your reputation.
You can pick and choose from paid online writing jobs that really appeal to you. What makes freelance writing ideally suited to earning an income online? There are so many ways to network and meet clients via the internet. There are online writing jobs for beginners to seasoned pros. People will always need content for their websites, blog posts, articles, ebooks, reports and more.
However, it’s important to set yourself apart in some way, so that client’s choose you and not somebody else. Let’s look at how to get started as a freelance writer online.
Starting A Home Based Business Doesn’t Have To Be Complicated
If you’ve ever thought of starting a home based business, you can get going much quicker than you probably thought possible. There’s really no minimum or maximum age or set number of qualifications required when you start a business from home.
And where you live doesn’t matter either, especially if you build your own internet business from home. You can reach customers from all over the world as long as you have access to the internet and a computer.
When starting a home based business online, the set up costs are low and you can be trading within a month. You don’t even need to produce your own products or services. But there are some questions that you need to answer before you start.
Are You Ready To Start A Work From Home Online Business?
What are you going to sell and who will you sell it to?
If you tell people that you’re going to start a work from home online business, you’re generally going to hear one of two things. You’re going to hear people telling you that you’re wasting your time. That all the best online home business ideas are taken up and the marketplace is full. However, that’s untrue.
You’re also going to hear people who will promise you that you can make millions with a home based online business. While that is true for some, it’s not common. What is true about running your own work from home online business is that you can make a tidy income working on something that is all yours in an industry that you genuinely like working in.
10 Questions You’ll Want Answered Before Starting Your Own Online Business From Home
10 questions answered about starting an online business
If you’re thinking about starting your own online business from home, or if you’re in the process of setting one up, it can seem a bit overwhelming.
The internet is full of information about successful online businesses that have been started at home by entrepreneurial folks. How did they do it?
Before I started my own online home business a few years ago, I had a number of questions that kept cropping up and it took me a while to find some simple, straightforward answers. These questions are still relevant today and I’ve done my best to answer them below.
Who Said You’re Too Old To Start A Business On The Internet?
Your success has nothing to do with your age.
Oh no! You’re over 50 so you must be too old to start a business on the internet, right? I mean, when you were born the internet didn’t even exist!
You probably didn’t have computers in your school. It’s only been since the mid-1990s, have we seen rise of near-instant communication by email as well as online forums, blogging, social network sites and, of course, online shopping sites.
Are you having a pity party with yourself because you think you’re too old? Are you on your death bed? If you’re not, you’re not too old too old to start a business on the internet and make a success online. Stop thinking of yourself as “old,” and replace that thought with “I’ve got the time and the wisdom to succeed.”
5 Simple Steps To Starting An Online Business At Home
A lot of people like the idea of starting an online business at home but never actually take any action to get the business off the ground. Or, if they do start, they give up after a few weeks because they’ve not made millions and it becomes too much like hard work.
Let’s get these three points straight in the first place.
You’re starting a business. This isn’t a hobby or pastime that may last a few weeks. It’s going to take time to build up a customer base. What new business, offline or online makes millions overnight?
You’re starting an online business. An online business is the easiest business to start up but there are going to be some new skills that you’ll need to learn. They are skills that anyone can learn but, just like driving a car, nobody is born with those skills.
You’re starting an online business at home. So you’ll most likely be working in your spare time whilst trying to juggle your regular household chores and family time.
Sound too complicated? If you’ve read this far, then it’s not too late. Let’s look at the first 5 steps to starting an online business at home.
One of the most challenging problems you can face when you’re a home business owner is being taken seriously. You’ve taken the effort to investigate various home based business opportunities, chosen what’s best for you and actually got started. It may be a side business or a full time business that you’ve started. You are doing something to fulfill your entrepreneurial ambitions and generate an income.
Yet you can have issues with family, friends and strangers alike. Why are they so suspicions and skeptical about a home business? Fortunately, there are a number of ways to deal with the different people in your life to make them take you seriously as a home business owner. And it all starts with you.
Is Self-Sabotage Stopping You Starting A Home Business?
Does the thought of starting a home business fill you with dread, even though it’s what you want to do? Do you love the idea of being an entrepreneur and working on a project that not only generates you some extra income but is something that you are passionate about? But something is holding you back.
If you’re not having the type of success that you want, it’s possible that you’re experiencing some self-sabotaging behaviors.
And, if you are engaging in these types of behaviors then it’s important to identify what you’re doing and turn it around. Starting a home business doesn’t have to be difficult.
Avoid These 10 Mistakes When Starting A Home Business
When you’re starting a home business on the internet, it’s a great opportunity to work on something that you’re passionate about and can generate some extra income. However there are many mistakes that you can make along the way. And I think I’ve made most of them at some time or another!
Probably the biggest mistake is not taking your new business ideas seriously. So many people start a home business thinking of it as only a hobby. But, home businesses can earn serious amounts of money.
If you treat your home business like a hobby, that’s all it will ever be. But if you treat it like a real business by avoiding these common mistakes below, you’ll be on your way to the success that you deserve.
Starting An Internet Home Business Is Easier Than You Think
How many people do you know who run their own internet home business? Maybe one or two or maybe none. Is there a reason that you’re not one of them? Perhaps you think that you don’t have the technical skills? Well, you’re reading this online so you know the basics of using the internet, and that’s enough to get started.
Or perhaps you don’t think you have the time? We all have the same 24 hours in a each day and if other people have time to get their home businesses online so do you. It’s about working smarter, not harder.
The other reason might be you just don’t know where to start. But you know what? You’re only 6 steps away from running your own internet home business.
Looking For A Legitimate Low Cost Business To Start?
Are your entrepreneurial ambitions being crushed because you can’t find a legitimate low cost business to start? Traditional franchises with their ‘ready-made’ business models are often the first choice for new entrepreneurs. However, these franchises usually require a huge capital outlay that is out of reach for many.
It is worth bearing in main that you do need some funds to start a business. You can’t put nothing into a business venture and expect to earn a tidy sum from a zero investment. So what is a good business to start if you don’t have loads of spare cash? Look no further than the world’s largest marketplace where people are buying and selling literally every second. The internet.
Can Anyone Really Start An Internet Business From Home?
So, is it really possible for anyone to start an internet business from home? Well, it’s a bit like saying is it possible for anyone to fly a plane? Yes it is, but you’ve got to have some specific elements in place before you start and be willing to learn some new skills.
You’re not going to want to learn to fly if you hate flying. Much in the same way, if you’re starting a business from home and don’t like hard work and have little self motivation you’ll have little success.
Ignore the hyped up ads you see telling you that you can earn millions online by just pressing a few buttons on your computer. If it was that quick and easy, everyone one would be doing it. Let’s take a look at 7 key questions you need to answer truthfully if you want to start an internet business from home.
People will have different views on what makes a successful home based business. It doesn’t just have to be that the business makes load of money. People start home based businesses for a variety of reasons. Certainly, a lot of people do it to earn money but you can earn money from a regular job.
A successful home based business could be judged on the relationship that a home business owner builds with their customers or the enjoyment that the business owners gets from working on something that they are passionate about. Any money earned is secondary to their main motivation. But there are a number of key elements that the most successful home based businesses have in place.
What You Need To Know Before Starting A Home Based Business
If you’re one of the few entrepreneurial-minded individuals who is thinking about starting a home based business then you should be proud of yourself. It’s possible that your life is already hectic and you’re pursuing this as a “when I have a few spare moments” goal.
The good news about starting a home based business is that everything doesn’t have to be done at once. You can work at your own pace and scheducle to achieve your dreams and objectives. You don’t have to know everything before you start as you ‘learn and earn’ your way forward.
However, before you do start, there are a few questions that you really need to answer first.
When you start a home business online it can be both exciting and daunting. You’re able to reach customers from all over the word that you would never be able to do with a traditional ‘offline’ business. You can sell your products and services 24 hours a day. Who doesn’t want to wake up and see that they made money whilst they were sleeping?
But it can be overwhelming too. There’s the worry that you might get caught up with technical issues that seem impossible to understand. You might feel that you’re too old, too young or too inexperienced for the business world and now you’re trying to start a home business online!
The Pros and Cons When You Start An Online Business From Home
If you start an online business from home there are a lot of positives. But, as with any new venture, there are some negatives too.
It’s up to you to determine whether the positives outweigh the negatives. But, it’s good for you to know in advance what the pros and cons about the online business opportunities that are out there. The more information that you have, the more realistic you can be about what you’re getting yourself into.
Creating a steady work from home income is a reality for some and a dream for others. It is possible to earn extra income from home but beware of someone or something that guarantees you a cut and dried amount of earning potential. Because the truth is, no one can accurately predict what you’ll make. There are too many variables involved for someone to put a solid monetary figure on your efforts.
Let’s take a look at the factors that influence a work from home income.