With economic situation in a downward trend around the world, you might be considering making a little extra money on the side to help during this time. There are many possibilities to choose from such as a part time job or working another full time job. Who wants to do that? Another possibility is starting a business online. The internet is a huge place and millions of people shop online everyday. So, why not try to grab a piece of the proverbial pie? Before starting a business online, there are 3 questions you should ask yourself.
1. What do people want? Do your research and try to find a niche of hungry buyers that want something that you can provide. You can do this by initiating a keyword search. Pick a topic or item and type the word or phrase into the search engine. Click enter and Boom you will see how many pages there are for that word. There are keyword tools that you can use for free to do a more in-depth research.
2. Do I need a website? You don’t Have to have a website to make money online but you will have more flexibility and power to market your product(s) if you do have a website. You could use your website to gather a list of potential buyers. It also allows you to brand your company or product/service.
3. Can I make any money online? Of course you can. You aren’t going to get rich overnight but you can make a steady income. Consider this, almost $30 billion was spent online during the holiday season in 2007. Over $123 billion was spent online in all of 2007. Somebody was making that money. You need to learn how to market and advertise your product/service to your niche. This will take a little time but it can be done.
There are many other questions and answers but these will get you started on the right path. Be sure to surround yourself with honest and reliable people to help you on your journey toward financial freedom.
