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Choosing, Starting an Earning Money Online With Your Home Business » shawnandkellyhodgson.com

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Dec 24

Choosing, Starting an Earning Money Online With Your Home Business

Starting a home business has been said to be one part inspiration and four parts perspiration. This concept holds true when you first start your online business. However, the one thing that can be said for starting an online business, is that the barriers to entry are not very high. Any person with enough drive and a basic understanding about how the internet works can earn money online if they are willing to put in the effort. 

So how can an entrepreneur start a online business?

Starting the business is going to be the easy part. Figuring out the type of business to start and then establishing a solid plan of action to execute can be trickier. To kick things off let’s take a look at some of the online businesses that a person could choose to establish.

 What Are Some Online Business Options?you can earn money online with your home business

Probably the best well known type of online business is eCommerce. At this stage in time almost everyone has been involved with this type of commerce, at least as a buyer. When we say eCommerce we are typically referring to any website that sells a physical good. For example Amazon.com and eBay.com are both examples of this type of business model, although they are involved with very different market segments.

Given the fact that there are such big players involved in eCommerce you may wonder if it’s even possible for a small home business to compete in this area? Absolutely!

It all comes down to a matter of planning. There are a couple of ways to approach this market. First, a person could actually leverage Amazon’s own system, using their Fulfilled By Amazon (FBA) service. Second, it is possible to establish a successful online business of this sort through a dropshipping program. FBA is an excellent option for any person that is able to source goods locally. For example it is possible to find brand new items that have been sold to thrift stores, purchase them very inexpensively and resell them on Amazon.com.

One of the nice aspects of using Amazon’s system in this regard is that there really is not any technical knowledge that the business owner needs in terms of building out a website with shopping cart functionality.

On the other hand, dropshipping is an excellent way to sell goods online without having any significant out of pocket expense for inventory. In fact, with this model of eCommerce the business never spends a penny on inventory until after they have already made a sale. The idea is very simple. The eCommerce store makes an arrangement with a distributor or manufacturer to list the manufacturer’s items for sale on their website. When an order comes in, the store collects the money from the buyer and then places an order with the manufacturer. The manufacturer in turn ships the item directly to the customer on behalf of the store.

What Do I Need To Learn To Help My Online Business Succeed?

In order to succeed in dropshipping the business must understand how to build out a highly converting store front, how to integrate shopping cart capabilities, how to properly carry out Search Engine Optimization (SEO), Pay Per Click (PPC) Marketing, and Social Media Marketing. In addition to this, the business person must also understand how to find products that they have a good chance of being able to sell online. This type of online business takes a great deal of knowledge to successfully create. However, once the process is understood it is highly repeatable, scalable and has tremendous profit potential.

Another type of online business that has been popular as a start up in recent years is blogging. Many people like the concept of blogging as a home business because they view it as an opportunity to not only talk about issues they have a real interest in, but also make a profit while doing it. Of course if it was so simple to make money with a blog then everyone would be doing it.

Much like with the eCommerce store discussed above, to succeed as a blogger, the business person must first find a topic to write about that gets enough buying traffic to make it a viable business. Even if the blog idea is great, the owner of this type of online business must still understand the fundamentals of how to drive traffic through SEO, PPC, Social Media and all of the other various techniques.

I Need A Online Business With Little Start Up Costs

earn money online with your online businessOne of the most popular online businesses to start is affiliate marketing. This type of home business allows to you sell another’s product or service for a commission. The start-up costs are very low and commission amounts can be very high, allowing you to earn money online.

The take away from this should be that there is tremendous opportunity to earn money online. However, doing so requires work and education in the online business world.

We’ve helped dozens of people learn how to earn money online with their home business. Please contact us for a free 30-minute consultation at http://ShawnAndKellyHodgson.com to learn how we can help you today.

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