subject: Do You Know How Much Money You Want To Make Online? [print this page] Why do you want to make money on the Internet?
If you think that is a dumb question, you are wrong.
It is not enough simply to want to make money on the Internet. That is far too vague. You need to form a clear idea about what are are aiming to achieve with your Internet business.
For example:
1. Why you want to use the Internet as your business medium? What are the particular benefits of starting an online business for you?
For many people the answers have to do with independence, convenience, cost and being able to sell your goods or services worldwide, 24 hours a day, 7 days a week.
2. What is your "definite major purpose" for wanting to start a business on the Internet?
Starting an Internet business is really just a means to a greater end.
For example, if you made five million dollars on the Internet you might just decide to retire and do something else. Ask yourself what that "something" would be and you will have discovered the major purpose behind your desire to start an Internet business.
Once you are able to articulate what your major life goals are, write them down and refer to them regularly.
Now you have a clearer idea of what you are trying to achieve with your the Internet business it will be easier to find answers to the next few questions...
3. How much do you want to earn on the Internet month by month?
Set a precise target figure, an amount of money that will enable you to do what you want, whether it is $500 a month, $5,000 a month or $50,000 a month. Write it down.
4. How long should will it take to reach that level of income?
If you don't set yourself a time frame in which to reach your income target you will probably never get there.
5. How much cash and how much time will it take for you to achieve your aims?
Before you set up your online business do some research about the kind of skills that you will need to develop in order to succeed.
Consider the amount of time, effort and cash you will need to invest to learn how to do those things. What should you outsource to competent experts and what are you prepared to do yourself?
For example, do you want to design and build your own website? Or do you want to spend your time on something else and outsource the design side of your business to a competent web designer?
Do you enjoy writing? Do you find the prospect of having to create fresh content for your website exciting or daunting? Would you be willing to spend the time and make the effort to write your own copy, or would it be better simply to pay somebody to do it for you?
Once you have gone through this self-examination you will know why you want to make money on the Internet. You will also have a clearer idea as to whether you are ready to proceed with your online business and how much time and money you will need to invest to achieve your goals.
by: David Hurley
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