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Starting an Online Business - The Foundation

By Lillian Latham

Robert Kyosaki, author of the Rich Dad, Poor Dad series of books recommends starting a home business rather than getting a part time job if you need more money. A home business has more chance of making the extra income you dream about and starting an online business takes less money than any other business. You have to be ready to do most of the work yourself unless you have enough extra income to outsource some of the necessary steps. However, you have to remember that starting an online business will always take work.

In order to make a success of a part time business, you need to be motivated. That means you need to have a good reason to spend the time necessary for success. Tony Robbins claims that it is not the methods you use that get the task finished but your motivation to complete it.

Time spent building a business is time not spent with your family, watching tv or being with friends. So why do you want to do it? Do you want to build a college fund for the kids? Generate extra income so that you can afford to take the family on Vacation? Do you want to pay off your mortgage? Create a passive income so that your retirement is easier?

What does going online mean to you? Think about it, visualize it. See yourself receiving notifications every day that you have made a sale. Think about your satisfied customers sending you money and feel the comfort of having additional extra money in your bank account.

Once you have visualized a worthy personal goal, write it out on a three by five index card and read it aloud every morning and evening. This technique many sound silly but it is one of the key techniques taught by Napoleon Hill in his classic book Think and Grow Rich

The next step is to decide what kind of business should you start. Creating your own product or finding one that you can buy to resell or become an affiliate. The quick start method is to become an affiliate which means that you are selling someone elses product for a commision. Product creation is not only a lot of work but takes time and authors tend to get caught in a perfectionist cycle and never get started. Remember, you are going to start a business and to get up and running you need to get going and that means affiliate products.

The first step is to make a plan, commit to doing at least one action a day for the next month. If that seems too daunting then commit to an action plan for the next week. The kind of action plan I mean has you giving yourself a day to choose a product; a day to do keyword reseach; a day to get a domain name registered; a day to choose your web hosting company and so on.

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