Myths and Misconceptions About Starting an Online Business

 Myths and Misconceptions About Starting an Online Business

https://markethive.com/tonycordingley

Are you trying to start an online business? Are you overwhelmed with the many online business programs available or concerned that you'll lose money by investing in them? While many offers sound too good to be true, there are some very good ones available - but how can you be sure? Learning to read 'between the lines' will better prepare you for what's really involved.

Here are some common phrases used to promote online businesses and what they really mean:

#1 - Simple & Easy

Simple and easy depends on who's speaking. A doctor may tell you it's only a 'simple procedure' but that doesn't mean that you should attempt it yourself.

Many online businesses ARE simple to operate. If you understand how it works you will be amazed at the simplicity - but getting to that point will require time and experience. You may just need to try a few to get a 'feel' for the business before deciding which one is easiest for you.

Those who have learned from experience can look back and see how simple it COULD have been if they'd known what to do all along. Finding a trustworthy guide can be a great assistance to your business efforts.

#2 - Anyone Can Do This

Sorry - starting a business of any kind is stressful and requires a learning curve. If you are attempting an online business out of desperation or the belief you will make easy money you will face enormous obstacles. On the other hand, if you are truly seeking a business you can learn, work at and make a living from, you will find something online that fits your needs.

Studies of successful business people concur that those who make it have common qualities of persistence, patience and desire. These qualities are essential when trying to start an online business - do you have them?

#3 - Turnkey

The term 'turnkey' use to mean that a business was set up and ready to go. You will find the term in business classifieds where the new owner can just step in and start running the business. Unfortunately, some marketers use the term to suggest a business is fully automated - that there is no work involved.

There is always work involved. If the business really is turnkey than you will begin work right away because it has already been set to go. If you want an automated business you will have to do the work to make it automated. Either way, nobody is going to give you an automated, turnkey business that makes money - they had to do the work, so why would they share it?

#4 - It Won't Cost Anything

You absolutely CAN set up an online business with no money but be prepared that a combination of no money and lack of experience will stifle your efforts immensely.

Most individuals who start or run a business with no money have learned how to make use of the best free techniques through experience. They have paid their dues by trying businesses that cost money. They have spent time in and around their industry or market and they've been able to see where they can cut costs.

If you are prepared to spend a LOT of time researching before starting your business you may be one of the few who does it right the first time. For most people, though, expect to pay something towards your online business education before seeing results - you just can't buy experience.

Online business obviously has its share of work involved, but finding the right one has enormous payoffs many people are willing to sacrifice time and money to achieve. Running your own business is satisfying and can give you more time to do what you really want to do in life.

Creating a successful online business is within the grasp of nearly everyone who is prepared to stick to it. Face the task of starting your business with realistic expectations while continuing to dream big and you may just surprise yourself!

What Do You Need Most, Cash or Residual Income?

What Do You Need Most, Cash or Residual Income?

https://markethive.com/tonycordingley

If you sit in front of your computer for a long enough period of time you will eventually get tired of doing it. This is especially true if you are looking for ways to make money online.

Because there are literally thousands of ways to make money online you can quickly get overwhelmed and either give up jump around and never really make any money.

Your needs will determine how you go about searching for ways to make money on the internet.

1. Do you need immediate cash?

2. Are you looking for a long term income including residual income?

Immediate cash is best done by selling private label right products or joining an affiliate program.

PLR products are great because you can create buy now buttons that go directly into your checking account, or PayPal account.

Some affiliate programs offer immediate commissions, but most will pay you every 30 days or so. Even that is pretty immediate when you have your own home business.

Residual income is where you get paid over and over for doing your work one time. Selling memberships can be a way to do this. Website hosting is an example of how you can earn a commission every month for making the sale one time.

Another form of residual income is to get paid over and over on the sales of others. Here are 2 ways to do that.

1. 2 Tier Affiliate Programs

You join affiliate programs that will pay you on your personal sales as well as the sales of affiliates you recruit. This can be great if you build a powerful team of quality affiliates you can sell online.

Of course, the downside to this is you may have to recruit hundreds, or possibly even thousands of affiliates, to get a top selling team.

2. Network Marketing

This is a tremendous business model that is really coming into its own thanks to the internet. You create residual income here by recruiting a team of distributors to buy and sell products in your downline.

The nice thing about this is your group can grow when other people recruit as well. This can be several levels deep. In affiliate marketing, you only get paid on the sales of people you personally recruit.

So if you need immediate cash work on personal sales. If you want residual income spend your time recruiting and training. Either way, you can still make very good money on the internet.