Building an Online Business

When I first started this blog one of my motivations was to make money, that goes without saying.  Another was to share money making ideas with others.  Do you remember my post about the purpose of a business? (If not you can read it here).

So, how long before you make a living from working online?  When starting out with a site promoting a product unless you are lucky, or very good, traffic is likely to be light.  If you have an established site with a lot of traffic then a fluctuation in sales is not a problem.  40 sales one day, 30 the next and 50 the day after would be fine.  If you are starting out making the odd sale one day and then none for a couple of days is not going to give you the lifestyle you would like.

With a traditional business there accepted wisdom is that you have to support it for a couple of years before it supports you.  With an online business the timescales are reduced.  You must understand that it is unusual to start an online business and make a profit straight away.

The only exceptions to this are selling on eBay and Amazon for those with no real experience of running a blog or regular site.  That is why I really think that a sound base on eBay followed by looking at the options on Amazon are essential when starting out, besides its fun!

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2 Comments

  1. SC Said,

    February 4, 2009 @ 6:23 am

    This is a very useful blog on making money online. Your e bay tips are awesome. You have done a great job. Thank you very much.

  2. phil Said,

    February 4, 2009 @ 7:11 pm

    Hi SC,

    Thanks for your comment. I am always looking for suggestions for the blog and so if there is any subject you would like me to look at please let me know.
    Phil

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