Starting A Home-Based Business On The Internet

As economies falter, corporations lay off employees and the middle class sees its true purchasing power and disposable income dropping, more and more people are starting a home-based business on the Internet to shore up or replace their income. Already one of the least expensive ways to start any business, the cost of starting a home-based business on the Internet has steadily dropped as computers drop in price for faster and faster machines with a growing capacity of RAM and hard drive disk space.

There are a variety of ways to make money online, so finding the method that best suits you and your situation shouldn’t be difficult. Some of the most common ways to make money online are Internet marketing, affiliate marketing, freelance writing, day trading in stocks & bonds, FOREX or foreign exchange trading and working as a virtual assistant to others already successfully running a home-based business on the Internet. There are also people running businesses that are a hybrid of online and offline activities, such as eBay Powersellers, those buying and selling through resources like Craig’s List, and web designers and search engine optimization (SEO) specialists promoting local business online.

Depending on your specialization, there are smaller niches that can be popular too. If you’re already well versed in video production, audio production, graphic design or photography, for example, you can build your online business by supplying those services to other online businesses and marketers. The same is true if your hobby or existing part-time offline business is screen printing or embroidery. And in all of these cases you can start by approaching existing successful online businesses as a sub-contractor and at the same time be learning how to set up your own sites to market your products directly as well.

Starting a home-based business on the Internet is not for everyone, though, and you must do an honest self-evaluation before you begin. To start with, if you’re going to be putting in 2 or 3 hours a night minimum, what are you currently doing during those hours that you’re willing and able to forego? Do you have a space to work from in your home that will be undisturbed by others during the rest of the day? Is it sufficiently distant from the TV, video games, etc, that you won’t be distracted by the sounds of those appliances or the actions of those interacting with them? Most importantly, do you have the self-discipline and the drive to keep at it during those first few months when you’re working like mad at your business but not yet seeing any financial returns from it?

Though not for everyone, starting a home-based business on the Internet has been a great solution for thousands upon thousands of people around the world to date – take a serious look at your preferred section of this entrepreneurial activity and see if starting a home-based business on the Internet is the right choice for you to alleviate your financial woes, build a better life or even start on your journey to true financial independence and your dream lifestyle!

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Doug Champigny - The Success Lifestylist
Doug Champigny, The Success Lifestylist, is a world-famous author, speaker and mentor who has been helping corporations, companies, retailers, entrepreneurs and other individuals and organizations to achieve true success for over 30 years so far...

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Comments

  1. Mat Carr says:

    I write articles for different sites and blogs. That’s enough for buying my wife and kids gifts))

    1. Doug Champigny says:

      Great way to do it, Mat – and consider using Fiverr.com to line up more clients if you want to build your business further!

  2. Caleb says:

    One thing I advise is not to quit your day job too soon just out of sheer hypeness of starting your own home business as this can come back to haunt you. It is going to take several months to get any traction and even after that you still need to be making a consistent monthly income that is more than what your job pays before you quit.
    Caleb recently posted…How The Solo Ad Business WorksMy Profile

    1. Doug Champigny says:

      You’re right, Caleb! The best advice I’ve seen on this was from Mark Joyner, who advises that people wait until their online income is twice the income from their full-time job for at least 3 months in a row – which would also give you the time & money to update your computer & software to the latest of everything and put aside a financial cushion to help you through the transition.

  3. To start home based business on internet is good thinking cause that is kind of our own business but in starting stage everyone has to wait for some time to get result cause business is quite long process. But after reading this post people will ready to have patient and start their business.

  4. Adrian says:

    In this uncertain Economic times, everyone is just about to lose their Financial freedom , hence in such case there happens a strong need of Home Based business and that’s what Every person who thinks to achieve high should do.

  5. Linda says:

    Good share , an informative post.
    Yup these are good starting for any home business , i Hope this will be useful to all job seekers and home makers to make some money out of this information.

    1. Doug Champigny says:

      Thanks for the kind words, Linda! And while I agree that home makers should explore this path, it’s not right for job seekers unless they want to write or design for others. Trying to build up a standard Internet marketing or affiliate marketing business takes time, and most job seekers don’t have the funds to survive until their online income can support them.

  6. Sanjib Saha says:

    Hi Doug,

    Home based business through internet is a good idea but you need to assess your pros and cons before you take the leap. I know of people who gave up their full time jobs presuming that they can make more money by doing something online. As usual, the ideas boomeranged. Unless you have a fair amount of idea, don’t take the decision.

    Regards,
    Sanjib Saha
    Sanjib Saha recently posted…Arriving Nexus 7 in India by NovemberMy Profile

    1. Doug Champigny says:

      Thanks for your comment, Sanjib! And you couldn’t be more correct – no one should give up their job to START a home-based business. As Mark Joyner used to tell people, start your home-based business online while still employed and build it up in your spare time. Don’t give up your day job til your online business brings in at least double your full-time wages for 3 or more consecutive months.

  7. Dave says:

    I like the article. Points well taken. I found this website and I am certainly bookmarking it. The author made an excellent point which I am forever emphasizing: home business and business online in general are a great solution or alternative but they are not to everyone. I guess most people could do this, but not all of them. I have noticed over years that they are certain kinds of people who simply need rigid frames to work wining and other people to tell them what to do (no offense for anyone, we are all different after all).
    Dave recently posted…Oct 1, Online home business ideasMy Profile

  8. Daniel says:

    It is important to understand that home based business, well it is a business and requires the same discipline as in all business. Moreover, it requires a certain amount of investment. I did a mistake thinking I could make money without spending money. Another advise as @Caleb said, you should not quit your day job until you get a decent amount of income from your internet business.And most important, have faith.
    Daniel recently posted…Starting a Home Business : Simple Financial TipsMy Profile

  9. Sarah Park says:

    I have been working online for more than a year now. After giving birth to my 2nd child, I quit on my day job because I want to personally take care of my kids. I am glad I am still earning because of online business. I can take care of my kids while still earning at the same time.
    Sarah Park recently posted…15 Free or Cheap Entertainment IdeasMy Profile

  10. Lorie says:

    I have a home based business and I love the flexibiliy i have. I definetly agree that you shouldn’t quit your day job until until your at least making what you were earning from your day job.

  11. meena says:

    Good share, an informative post. I hope this will be useful to all job seekers and home makers to make some money out of this information.

  12. Ben says:

    Anyone can do it now, and that is super exciting! The internet has been a blessing for wannabe entrepreneurs
    Ben recently posted…Hard Sell vs Soft SellMy Profile

  13. Lidar says:

    Yes – great stuff .Home based internet marketing is a good idea for part time and also useful for house wife

  14. I have worked full-time online for over five years– and what started as a way to make some money after leaving a high-paying and until I found something else has become a new way of life. I love the freedom that it offers, and it is also a lot more secure than working for just one company.

  15. Lea says:

    I used to do networking business and also did freelance photography and it’s a great feeling to work without a office boss. Right?
    Lea recently posted…Go To College or Get a Job? Life After High SchoolMy Profile

  16. Tom says:

    I write articles for different sites and blogs. That’s enough for buying my wife and kids gifts))

  17. Stuart says:

    Lifestyle is right. I think that people can’t walk into this arena naieve tot the fact that it takes a whole lot of work and then some more just to really get the ball rolling with an online “work from home” business. For many, it’s also dull as there’s no human interaction so, to be honest, this isn’t going to suit everyone.
    Stuart recently posted…Upgrading Memory in Macbook Pro 2008 UnibodyMy Profile

  18. Rayzel Lam says:

    I am new into this system so I know less about it but such information is really of beneficial for me. Muah*
    Rayzel Lam recently posted…What is the hCG Diet, Does the hCG Diet Work?, What Are the Basics? – Part 1 of 2My Profile

  19. vicky says:

    Starting a home business with Internet looks alluring to many but we do need to keep in mind that money will not come flowing as advertised in ads. But you will have to put a lot of effort and work single mindedely without instant gains. The quality is what matters and your efforts will soon be rewarded.

  20. amely hopes says:

    some of the best tips to initiate home base business

  21. sunil says:

    I’ve been surfing online greater than three hours these days, but I never discovered any interesting article like yours. It’s lovely worth enough for me. In my opinion, if all webmasters and bloggers made excellent content as you probably did, the net can be a lot more useful than ever before.Anyway great article with great and rich content.Good jib admin.keep it up
    sunil recently posted…Top 5 Best Google Adsense AlternativesMy Profile

  22. Julie says:

    I like the idea of the online/offline hybrid. Being face to face with your customers is a great synergy that creates more loyal customers than online alone.
    Julie recently posted…Set Long Term Goals Instead of New Year’s ResolutionsMy Profile

    1. Peter Mutiso - Follow this person as @MyBusinessTrick on Twitter
      says:

      I agree with you to some extend, but online is taking center stage in businesses because many people are embracing the online world
      Peter Mutiso recently posted…Small Business Ideas In Canada 2013My Profile

  23. Les says:

    I believe that home business or internet business is not for everyone. But I also believe that as long as you are dedicated to succeed, and have the passion and discipline to go with it, then you can be successful in whatever business that you want to pursue.

  24. ivan petrov says:

    I like the article.I think It will help us (new website owners). Thank you for sharing

  25. Rebecca says:

    House based business is defiantly good idea if you don’t have enough capital.
    Rebecca recently posted…Laminatgolv tål det mestaMy Profile

  26. Robert says:

    A good article, as usual;-)
    To make my contribution to this testimony, Snipemail illustrates what is said here. Snipemail was born initially Viaduct (now Viadeo) and was a hub dedicated to emailing. I was advised to do a blog for foreign professionals in our community can also benefit from these tips. (today it is pushing me on Twitter Aymeric LOL)Blog information, my readers have asked that I give them the name of a solution, then performs their delivery. Gradually, a simple crusade denouncing bad practices, I went to a prescriber status and actor in this sector. This status was achieved after long, very long moments to help users in virtual communities, where I slowly make my hole to force the more informed responses possible. A force help most effectively, you become the Mr. emailing the community and then you get a kind of SEO people.As said Aymeric, it takes time, be patient! It is also noteworthy to early to receive more then.Patience, efficient use of networks, positive attitude allow you to create a solid foundation for your business. It is much more durable than those playing the shooting star because they want everything to go too fast :-)

  27. Alex Grow - Follow this person as @rcginfosoft on Twitter
    says:

    I agreed with you Doug , we should think twice before start and we have to show yourself as a brand to keep stay in competition

 

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