The era of working at a job and expecting it to last lifetime (until retirement) is almost extinct. As a matter of fact, over 90 million people are without meaningful jobs in the United States. It is scary picture indeed. The options for earn livelihood (and plus more) are plenty thanks to internet.
There are significant advantages in being in internet business- flexible schedule and working from home. The relishing fact is that you are your own ‘boss’.
Though there are many factors for venturing into internet business, you must weigh negatives associated with it. It is imperative that you consider them and be prepared to address them.
Not Knowing Where To Start
Before starting an online business, you want to jump in, you at least need do some research. If you want to see results, you need to have some understanding of your market, your potential users, and your competition. Find a niche that seems promising and do some keyword research to help you get focused. Once you decide You must stick with what you are doing. However, you must develop global approach, i.e. create a system which incorporates traffic generation yielding leads which brings you to clients (buyers).
There are many business models which are successful. Once you find your focus, stick with it and make it work. Jumping from affiliate program to affiliate program and niche to niche trivializes your efforts.
It can be expensive.
Based on various published studies, the average cost of starting business is $30,000 But the good news is that internet business can be started with virtually nothing and build it from the ground up. But it is not easy task.
It is too time consuming.
At the onset, you must know internet evolves at very fast pace. That means, as a novice you have to learn basics and keep up with evolving techniques. That means you have devote lots of time in learning. The main drawback is that your family and/or social life will be shot for a long while. If you want to become successful in your internet business, you need to ensure that your family is backing you wholeheartedly.
There is so much to learn.
As I stated above, internet evolves every hour if not every minute. Then you have to be able to master in content creation, internet marketing and monetizing business. Since, you are on your own in internet business, calling someone for help is not even an option. Of course, Google may have some answers, but good luck with that.
In the online business, you are likely to spend too much time learning. You will need to be disciplined and accept the fact that you will not learn EVERYTHING about internet. Organize, challenge and commit yourself to completing tasks that directly affect your website in a positive way. The immediate goal is to start a module that will generate a regular earning stream. That will build your confidence and motivate you to develop more earning modules.
It can be stressful.
The bottom line doesn’t change just because you are working on your own. That means, you have to have money coming into your business so you can get paid. You will be one-person squad to handle various issues in your business. Unfortunately, it is possible some of these issues may block money coming your way. If you believe that your personal worth is based on how much you ear, you are bound to feel like a failure at the beginning stages of your online business. You need to understand that money does not come instantly in this business. Making the first hundred dollars consistently for six months in a row will be an arduous task.
It is technically overwhelming.
Just imagine what you have to learn to be in internet business- e-commerce, WordPress, website hosting, marketing, traffic generation, etc. It could take months (or years) to learn just basics. Unfortunately, nobody is born with the knowledge to run a successful home business. So there are enormous challenges for you to become successful.