How To Start a New Internet Business.. and always be in Positive Cash Flow
by: Joe Leech
Sounds easy..and with the right model, it is.
But it is a fair amount of work and requires a number of
hours and an investment.
Your business will have the characteristics of multiple
income streams that produce different results and provide a
combination of immediate and residual income.
This model will also allow you flexibility to adapt to your
interests which is quite important.
Our first objective is to find a tool that will provide
fairly immediate cash flow, as this is a major item to allow
one to go on and not quit.
Fortunately, the business to do this is well established:
eBay. eBay has the very distinctive characteristic of being
able to produce a positive cash flow within 5-10 days once
properly started. This is the first and basic step of your
home based business. That's the good news. The bad news is
that for most eBay businesses, when you stop working the
business, the business stops paying you. There's little to
no residual income.
Your first step is then to learn how to start and master the
eBay business model, and this is a course in itself. There
are many on line and offline training resources. We
personally happen to like and have used the one by the good
folks at the Internet Marketing Center and which can be
found at www.ouronlinebusiness.com/ebayinfo.htm.
We would
like to issue one word of caution to anyone considering
looking into eBay training. At various times throughout the
year, in about any given full sized city in the US, SOME
promoter is offering a “free seminar” on “How To Make Money
on eBay”. These are often held in hotel meeting or ball
rooms, and often entice attendance with the promise of some
freebie. When the atendee gets there, they are heavily
encouraged to sign up for the “full and professional” course
for “4 figures” or more. Guarantees are often made, etc.
WARNING: Do NOT ever bite on this. While one does need some
training to fully operate an eBay business to learn things
like future and on going supply, you can obtain that
information for far less cost and without the risk. If you
are tempted to sign up for one of the 4 figure advanced
seminars, get Better Business Bureau and Chamber of Commerce references first!
Moving on to the article content. Once you have a positive
income, then it could be time to market products by others,
generally in the form of an affiliate program. You should
NEVER pay for membership in an affiliate program and NEVER
join one that requires a monthly purchase of some product
(often nutritional supplements or skin care) to qualify to
resell. But even if your sign up is free, success is very
elusive and often expensive to get to as you need web sites,
mailing lists, advertising, and other costs. Even PPC
advertising often carries more expense than income. BUT if
one can weather the time and expense to get a good affiliate
program going, it is a good business. Hundreds of people are
making 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 someone
else’s product or service, but are selling your own, and
possibly you have others selling it for you in your own
affiliate program. But this is certainly not the place to
start, because it carries even more risk and upside expense
than selling someone else’s product/service. The big
advantage is that all the profit is yours! This is the goal
for many people.
The best way to get there however is via the first two
steps. Let your business pay for itself as you grow and
learn. This is the ideal model, and if you follow this
model or pattern, you’ll prosper in both satisfaction and
finances.
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.
author@leechent.com
March 2006
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