We’d all like to win the lottery, and it happens to some, but for most of us if we want to make money in the real world, we need to look at things realistically. Here are some ways of making money and things to consider.
Online or Offline? I’m sure you know what an online business is, but an offline business is one out in the real world with staff, inventory, physical overhead, high barrier to entry, and usually involves a large amount of startup capital. Although online business is low barrier to entry, it’s not easy to make your fortune online.
At this point you are probably scratching your head thinking “Ok where do I start”. Well there are 3 things you need : Website Traffic, potential customers and a product to sell, whether that it tangible or intangible. Possibly the easiest way of putting your toe in the water and starting to sell online, is to open an eBay account and sign up as a seller/merchant. eBay provides the traffic and the potential customers… all you need to do is put an advertisement on there and wait for the cash register to ring. Once that happens, you are then obligated to actually deliver the product they have bought, but it’s as simple as that. In return eBay takes a ‘cut’ of the final selling price as well as charging a listing fee for your item.
Once you have more confidence in the ‘online’ world, you can then diversify away from online auctions like eBay and set up your own site selling products. Learn as much as you can how to market products like a professional. You need to treat it like a true business in order to succeed. There is no lazy mans way to riches ( that I know of ) but great ideas can sometimes spawn internet millionaires. It does happen.
There are some books I also recommend on my site for you to read and get you started. Remember, nothing happens without taking action so start sooner rather than later.