Passive Income

Launch an Online Business in Four Steps

First and foremost, you must not wait until forever to launch your business, unnecessary perfectionism is a disease and is your enemy when it comes to online businesses. Preconditions to launching a business include careful evaluation of your target market and alignment with the brand and the product that you plan to launch. Your job with an online business launch is to create demand and it is best done even before you have a product or perhaps even a […]

7 FACTORS TO TAKE INTO ACCOUNT BEFORE STARTING AN ONLINE BUSINESS

How do I choose an online business model that’s a fit for me?

There are at least seven factors that you should take into account before you jump into a new business and select your business model.

Don’t start a new business for wrong reasons, you don’t want to start a business because it worked for someone else or because someone said so. You need to have your own reasons for every new business venture you kick off.
Pick a business model […]

8 CHARACTER TRAITS OF A PROFITABLE NICHE MARKET

What is a niche market and how is it related to online business?
As someone said, “You want to dig your well where you have the best chance of finding water with the least amount of digging.”

Niche market is a small and a specific segment of a bigger market where needs and wants of customers are well defined and can be satisfied with a narrowly scoped product.
You want to target profitable niche markets with online businesses since they can be […]

7 REASONS FOR PURSUING AN ONLINE BUSINESS

What are the top reasons I should pursue an online business?
First of all, you need to figure out why you want to start a business, online or offline. Why is that important? It is crucial because starting a business is full of unknowns and that requires strong commitment and perseverance. Figuring out your WHY upfront would help you overcome the inherent trials and tribulations and help you think long-term as opposed to get-rich-quick attitude. At the end of the […]

Frequently Asked Questions About Internet or Online Businesses – Part 1

I thought it would be helpful if I take the five of the top questions that have been asked about the internet or online business and share my take on each of those. In my answers, you will find both strategic or big picture as well as short-term and tactical information that you can put to use immediately. So here we go folks.
 

 
#1. Which internet business is the best? What internet business is profitable? What internet business should I […]