subject: Will A Home Online Business Really Make You Money? [print this page] This is a question that is often asked - This is a question that is often asked -
"Can you really make any money from having an online 'work-from-home' business?"
Well the basic answer is 'yes', but it does go a bit deeper than that.
What this means is that it will need investment, it will need time and you have to realise that there will be ups and downs along the way. If you opened a traditional 'bricks and mortar' store, in the middle of a busy town but you had no window display, or you were closed when most people were shopping, or you were not really sure what yo were even trying to sell and to whom, it is going to be pretty difficult to make any money
The same applies to an online business. You cannot just set up a website, find a few products to sell that will appeal to different types of people and hope that these people will come and buy from you - because they won't.
If you treat your online home business like a hobby - that is what it will be. Yes, you might make a few sales here and there but if you are not fully committed you will not earn much.
As with any business, you have to have a clear idea of what you are selling, who you are selling it to and why they should buy it from you instead of somebody else. You have to know if there is a demand for your product in the marketplace, you have to provide it a price that gives the buyer a huge amount of value, so that he comes back for more.
As a starting point, there are three basic elements that your online business should have to help you make money online.
You will need to be able to generate commission from affiliate sales. This means selling a product or service on behalf of somebody else, who will pay you a commission when you sell that product to a third party. This is a great starting point when you set up your online business, as you do not have to buy any stock and there are so many different products and services available that your choice is almost limitless - the tricky bit is knowing which ones to sell.
The second important element is recurring income. Basically, this means selling something once and they your customer pays for it every month - until they don't want it anymore. For example, this could be for a membership scheme or a service contract. Here the key is to ensure that you maintain a good level of service and value that the customer does not go elsewhere and stop paying you.
Finally, the third element is a 'high ticket' item. These are products or services that pay you a commission in excess of $1,000 per sale. These items do take time and skill to sell, but the reward is definitely worth it!
Making money online is possible, but you do need a solid business model, a clear direction and determination.
by: Jon Allo
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