Tag Archive | "Six Figures"

Full Time Online Business: Getting Ready

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Full Time Online Business: Getting Ready


Previously, we have seen some of the things that you can do to earn money online if you wanted a micro or mini online business. This would allow you to earn a part time income or some extra cash from your online marketing activities. While this might be satisfactory for some of you, what about those who would like to make more money, like a full time online business.

 

Of course, this is possible and has been done by many other people. Some regularly make six figures a year online. Some have even made millions. While doing this kind of money is definitely possible, it is not something that is easy to accomplish, no matter what you have heard. Sure, some of the tasks to do this may be “simple” from the technical point of view, but doing them correctly will still require some time, effort and commitment from you.

 

We will get into various methods to make money as part of a full time online business, but first let’s discuss some of the things that you will need in order to get started:

 

  • Time

 

Running a full time online business will mean that you will need to spend at a minimum 30 hours per week on it. This is the bare minimum and depending on what you do, you may need to work more than that.

 

  • Money

 

While there are certain types of business that can be started with little or even no money, this is the exception, rather than the rule in terms of full time online business. But it doesn’t mean that you will need hundreds of thousands to get started, either. You can start up slowly, and then use the money that you have made to grow your business. Basically, if you don’t have too much start up funding, you will need to be able to reinvest the profits that you have made at the beginning right away.

 

  • The understanding that you will start out slowly

 

Many people would like to make $1000 a day from the very first day they have started their business. Of course, this is possible. Pretty much everything is in the online world. But this is an exception again. You need to accept the fact that it will take at least a few weeks, sometimes a few months, for your business to grow to the point where you will be truly making the amount of money that you had hoped for. Online business, while often very profitable, is not a get rich quick scheme. Those who think of it in this way are the first ones to get discouraged after they realize that becoming an instant millionaire is nothing more than a fantasy.

 

  • Willingness to learn, take risks and experiment

 

You must be capable of learning on your own and be willing to try new methods and techniques to make money. You need to put the fear of failure behind you, otherwise you will never succeed.

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Avoiding Scams When Working With Others You Meet Online

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Avoiding Scams When Working With Others You Meet Online


In the internet marketing world, many people run their own business from home and thus run everything by themselves, a “one man show” of sorts. However, there are many cases where running everything by yourself could prove to be very difficult. So if you want to expand your business, you may find it necessary to partner up with others in the IM world or to hire some workers to perform certain tasks for you. This, of course, does not come without its risks. While in a perfect world, everyone would be honest and reliable, in reality this isn’t the case. More so in cyberspace.

Now let’s say you find someone on a forum to team up with on a project or do some work together, there are ways to reduce the risk of getting scammed. Here are some easy things that you should consider:

  • Look at the person’s reputation and history. This is quite easy to do on a forum, since you will be able to see how many posts the user has made and when they have joined the forum. It goes without saying that someone who has made hundreds of useful contributions, been part of a community for several years and has had many successful deals with other members is much less likely to pull a fast one than a guy who just signed up yesterday. But don’t completely let your guard down either. There have been cases where long time users and even moderators on some forums have been involved in scams that robbed users of over six figures in total.
  • Think about the deal or offer… does it seem right to you? Use some basic logic. If someone claims they can design a complete web site for you for $5, or that they can bring you thousands of targeted visitors just by joining their $29.99 a month membership site, do you see that something seems fishy here?
  • If possible, ask to see samples of their work. When you order a service, such as logo creation or article writing, ask to see some original work from the service provider. If they make excuses as to why they can’t, or send you something that looks like it was simply lifted from a random website, once again, something doesn’t seem right.
  • Do a quick Google search of their user name, business name, email address, etc. to find out as much information as possible about a user that you are planning to do business with. This will sometimes let you find some interesting information, such as whether complaints have been made against them on websites like scam.com or RipoffReport.

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