Deciding your online venture – Research and Plan [Day 1]

by kishore on November 1, 2009


Making money online working from home is a very popular concept. I see a lot of people going into this path, but very less people sticking to this path and tasting success. Many lose money falling prey to Home Jobs Scams and losing the trust on online programs.

To be very clear, my experience tells that there is no shortcut to make money online. You need to be devoted, hard working and should be aware of what you are doing and what would be your next step.

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There are many successful people who are making good money working from home and we need to learn from their experiences. Nothing will happen in a day or even months. You may take months to get your first $ from your online venture. You should be prepared to face tough challenges in every job and even home jobs have these challenges.

I am not trying to discourage people who are trying or interested in making their living working from home, but to create an awareness that its not that simple to establish your home business as you see on different advertisements saying “Get paid US$ 2000 per hour”, etc.

Before you start off, make sure of the following factors

  1. That you are prepared for a long run
  2. You are going to start a new venture
  3. You need to have sufficient time
  4. You are going to do what you are interested
  5. You will enjoy working from home
  6. You have the basic skills required to run your online venture
  7. You are ready to work hard
  8. You will not expect results very soon
  9. You are Hard Working and not Hardly Working
  10. You will be able to do the necessary investment if required in your plans

If you are comfortable with all the above factors, then you should start with your plans. You need to decide what you are planning to do online to make money. There are many ways that you can make money online working from home. You should make sure that your project or online venture should be ethical and should have some value. You should also have sufficient knowledge and experience in what you are going to do.

Some of the methods are listed below

  1. Earning through Blogging
  2. Online Shopping Mall
  3. Affiliate Marketing
  4. Running Affiliate Programs – Referral Programs
  5. Multi-level Marketing
  6. Email Marketing
  7. Advertising Programs
  8. Social Networking
  9. Technical Services
  10. Make Money Writing and Selling E-Books

Now you need to spend some time on deciding what you would like to do. I would suggest that you should go for something, which will be of your interest, and you have some professional experience. For example, you are a software expert; you could start a service online, so that people could hire you for their projects. I have done a good number of projects which I bagged online. All the work was done from my home and sold to the customer. There are many ways to get the payment like Paypal, Moneybookers or a bank transfer.

It’s not mandatory that you should be a professional or you should have some professional qualification to start your online career. For example, you have good cooking skills, you could start a Cooking / Recipe Forum and offer some cooking tips, post your recipes, answer to the queries of your readers, write a recipe e-book and sell it online, etc. I will be posting more on making money from your blog / website in the coming chapters, so don’t worry about the money making part now.

In this chapter, I have introduced you to Working From Home Jobs. Hope you have got some idea about Home Jobs. Now its time for you to decide on what should be your plans taking into consideration, the points that I have discussed in this session. In the next chapter, we will be discussing about the Start.

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