How To Start a New Internet Business.. and always be in Positive Cash Flow
Are you desparately trying to earn money on the internet, but finding you spend more in time and money than you earn? Have you had this experience before? If you are one of the thousands that this fits, this article outlines a system that will start you out in POSITIVE cash flow from Day One, and move you on through a model that lets you end up in full control of your own product/service and income, all the time with positive cash flow.
How To Put Together an Internet BusinessThat is in Positive Cash Flow from Day One
by Joe Leech
Sounds easy..and with the right model, it is.
But it is a fair amount of work and requires a number ofhours and an investment.
Your business will have the characteristics of multipleincome streams that produce different results and provide acombination of immediate and residual income.
This model will also allow you flexibility to adapt to yourinterests which is quite important.
Our first objective is to find a tool that will providefairly immediate cash flow, as this is a major item to allowone to go on and not quit.
Fortunately, the business to do this is well established:eBay. eBay has the very distinctive characteristic of beingable to produce a positive cash flow within 5-10 days onceproperly started. This is the first and basic step of yourhome based business. That's the good news. The bad news isthat for most eBay businesses, when you stop working thebusiness, the business stops paying you. There's little tono residual income.
Your first step is then to learn how to start and master theeBay business model, and this is a course in itself. Thereare many on line and offline training resources. Wepersonally happen to like and have used the one by the goodfolks at the Internet Marketing Center and which can befound at www.ouronlinebusiness.com/ebayinfo.htm We wouldlike to issue one word of caution to anyone consideringlooking into eBay training. At various times throughout theyear, in about any given full sized city in the US, SOMEpromoter is offering a “free seminar” on “How To Make Moneyon eBay”. These are often held in hotel meeting or ballrooms, and often entice attendance with the promise of somefreebie. When the atendee gets there, they are heavilyencouraged to sign up for the “full and professional” coursefor “4 figures” or more. Guarantees are often made, etc.WARNING: Do NOT ever bite on this. While one does need sometraining to fully operate an eBay business to learn thingslike future and on going supply, you can obtain thatinformation for far less cost and without the risk. If youare tempted to sign up for one of the 4 figure advancedseminars, get Better Business Bureau and Chamber of Commerce references first!
Moving on to the article content. Once you have a positiveincome, then it could be time to market products by others,generally in the form of an affiliate program. You shouldNEVER pay for membership in an affiliate program and NEVERjoin one that requires a monthly purchase of some product(often nutritional supplements or skin care) to qualify toresell. But even if your sign up is free, success is veryelusive and often expensive to get to as you need web sites,mailing lists, advertising, and other costs. Even PPCadvertising often carries more expense than income. BUT ifone can weather the time and expense to get a good affiliateprogram going, it is a good business. Hundreds of people aremaking money in affiliate programs, but thousands are not.Learn what you are doing and how to operate such a business.
The ideal business is not where you are selling someoneelse’s product or service, but are selling your own, andpossibly you have others selling it for you in your ownaffiliate program. But this is certainly not the place tostart, because it carries even more risk and upside expensethan selling someone else’s product/service. The bigadvantage is that all the profit is yours! This is the goalfor many people.
The best way to get there however is via the first twosteps. Let your business pay for itself as you grow andlearn. This is the ideal model, and if you follow thismodel or pattern, you’ll prosper in both satisfaction andfinances.
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ABOUT THE AUTHOR
Joe Leech is a successful online marketer and ebook author and publisher. Over time he learned a system that works regardless of ones interests, and he shares that secret in his new ebook. A description is available at http://www.web-biztraining.com