Today's economy is in the drink and the outlook for the near future is not much better. We're facing a long road of cutbacks, increased costs and possible job losses. Most of us who've been lucky enough to still have a job have not seen a pay increase for several years or those rises are stuck in that dreaded 2-2.5% range. With gasoline prices near $ 4 / gal at the time of this writing and bread, milk and other staple products at an all time high, it's no wonder your bank accounts are getting smaller; It's not enough anymore.
More and more people are starting to take matters into their own hands. They take fewer vacations, drive less, buy bulk food products and try to stretch out that meal over multiple days. The days of eating out at your favorite restaurant or going to the movies with the family one or two times a month are over. Those luxuries are occurring less frequent because they're not necessary for survival, but I would be saying to you if I said they're not important, because they are. Family time and getting out of the house suffers. Even in Florida during the summer you can feel the effects from cabin fever; Being trapped indoors.
This article is about the economy and its future outlook. It's about making decisions that can have a positive impact on the lives of you and your family. Taking that freedom step and pushing that entrepreneurial desire you have deep down inside of you to the forefront and then acting upon it. Starting your own business is a big step and one that should include some thought, planning and advice from someone who knows about starting a home business before you jump into it. But, it's actually the only real option for most of us who want to take control of their situation rather than relying on others or the company you are working for, both of which could be gone tomorrow.
Low start-up cost
Starting an online business is one of the best options out there because of the initial costs to setup. Typically, if you already own a laptop or a PC and have an internet connection you can get your business up and running for less than $ 100. So, where did I come up with that $ 100 figure? Well, the cost to register a domain name is about $ 10- $ 20 per year. You can find some lower prices out there from legitimate sources or you can pay a little more too. It all depends on some of the options you decide to want or do not want. The other cost is the web hosting fee. This is the fee you pay each year to the company that will host your website. When someone types your yourdomainname.com, they are immediately sent to the web host to see your site.
The real reason
Why start an online business? So here are several reasons why I think starting an online business is the best available option out there for most of us today.
- Job Security: At first you might not feel that way. You have a job and you need to take care of your family so you have to keep that job until your new business produces an income that rivals the one you receive from Your employer. But, when that happens and you are able to resign from the company you've been working for many years and are now self-employed and your own boss … that's real freedom and job security.
- Work from home: Working from home is the best part of owning your own business. No more early morning alarm clocks (unless you have kids in school). No more rush hour traffic to deal with and no asking for permission from your boss to take time off to go to the Doctor, take a vacation, take time off to meet the repair man … you get the idea. You get up and do the things we all need to do and then you start work, all of which can be done while still in your pajamas or underwear. But, you need to be careful. If you do not create some kind of structure and or discipline for your day you can easily find yourself spending less time working for your business and more time watching TV or playing video games. You won a business that requires a lot of work; Hard work. You need to treat it as such.
- Earning Potential: The ability to control how much you earn with your new online business venture is really up to you. Deciding what it is that you want to sell and how you go about selling is the hard part (not really, but I had to say it), but once you got that figured out it becomes very easy to duplicate the process, over and over Again. Do not think in terms of just one website, but think about repeating your efforts with multiple sites, each with their own niche. By doing this you will maximize your earnings potential. If one website is producing between $ 500 – $ 2000 a month, imagine owning 10 websites. Some will do better than others, but all of them can and will produce as long as you spend the time necessary to maintain them.
- Passion: One of the best parts of owning an online business is the ability to do something that you're passionate about. Maybe you love to golf so you start a blog about golf and earn money from advertising or selling golf related products. Maybe your passion is affiliate marketing and you love the challenge of promoting and selling other peoples products and earn a commission for everything you sell. Whatever your passion, that should be what your website is about. To be as successful as you can possibly be, you must be passionate about what it is you are doing. If your passionate about it, it's no longer just a job … you're doing something you enjoy and earning money at the same time.
There are plenty of resources out there to help you get started, but it's really important to find the right ones. You want to hear from someone that has been through what you are about to go through yourself. Someone who will share their ups and downs and help you to avoid some of the mistakes they made along the way. Someone who knows what it takes to start a home business and has gone down the path of hard knocks.
When I decided to go into the online business arena 7 years ago there was very little information available on the web and that information for the most part was lacking and provided by people who really did not know what they were talking about. Seven years and about 20 websites later I've learned a lot of lessons and will not hesitate sharing that information with anyone willing to listen. Ãï½ H Heck, I'm still learning too. Today we have YouTube and a plethora of websites at our fingertips to help us with just about anything we need to know. Be sure to do your research and due diligence when seeking advice. By doing so you will ensure yourself a good foundation when starting your first online business venture.