Today I shall be telling you about the necessary things required before you can start an online business.
At its most basic stage, online business can be done by anyone with minimal computer knowledge and access to the Internet. Whether you are a student, Corper, Jobless Graduate, Worker, Self Employed or even Gainfully employed, you can engage in the business. In short, online business can be done by anyone either on full time or part time basis.
You do not need to be a computer wizard to be able to do online business. The fact that you are able to access your email and read this lesson means that you are more than qualified to do online business.
Anybody can do it because once everything is set up, all you will require is just a few hours weekly therefore it is also something you can do in your spare time.
The main things needed are:
1. Basic understanding of how to use a computer
2. Ability to browse online by yourself with little or no assistance
3. Access to the Internet (cybercafe or private browsing)
You do not need to own a computer or laptop and it is not a must that you have your own Internet connection. Most of our students started out by going to a cybercafe and only when they started making some money did they decide to get their own Personal Computer or Laptop and private Internet connection.
One question I get asked a lot of the time is whether online business can be done with a phone. Frankly, at the onset, it will be difficult and extremely tedious to do it with your phone because most of the software and applications you will be using during setup do not work properly on phone browsers so at the very least, you definitely need to use a computer at the beginning. But once all has been set up, some (but not all) of the followup tasks can be done with the phone but you will still need to use a computer frequently.
HOW MUCH TIME IS NEEDED?
It is not easy to give a specific figure for the amount of time that you need to spend on the Internet while doing online business because different online businesses have different tasks and requirements.
A simple fact though is that the amount of time you are willing to spend online putting things in order and doing further research will greatly impact how far you can go and how much you make.
At the onset, you will definitely need to get online frequently. This is because you will need time to lay the necessary foundation and configure the necessary software and applications for whichever businesses you chose to do.
Most online businesses may require anything from 20 total hours to 100 total hours during the setup stage. How you chose to spread out this time is up to you. It could take days, weeks or months depending on the particular business. After setup however, it takes considerably less time to maintain and monitor.
The actual time that you will spend will depend on your technical ability, how much work is required for that particular business and how fast you can do the necessary set up. The good thing though is that as you progress and get used to it, it will become easier to do and demand less of your time. Eventually you will grow to the stage where your businesses will be generating huge incomes with minimal input from you.
For example, myself and associates can afford not to get online for two weeks or more yet there will not be any change in how much money we make daily. This is one of the best things about online business. Because most of the work can be automated, all it takes in most cases is for you to invest your time and energy during the startup stage. As long as the system has been set up properly, the amount of effort and time investment will reduce gradually over time.
The above is however not true for a business like Forex Trading. Forex trading requires you to spend a great deal of time on the Internet every week day. But we do not recommend FOREX trading for a beginner because it requires a lot of technical skill and experience to be able to succeed or else you lose all your investment. We therefore view it as too risky a venture for a beginner so we don't talk about it in our trainings and e-books.
COST IMPLICATIONS
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Some online businesses can be started without any capital, while some require a little startup capital. Even though there are certain online businesses that do not require any capital to start out, don't forget that you must still incur costs from accessing the Internet.
One common mistake many people venturing into online business make is that they fail to take into consideration the cost of regularly buying time at a cybercafe or paying for their internet service. This is one of the ways that many of these so called gurus use in deceiving people. They will tell you that their method will not cost you anything to start and that you can make millions by spending nothing. But they fail to tell you that there will, of necessity, be certain costs associated with your internet access which you should budget for.
