Sunday, February 5, 2012

Is Starting Up An Online Business Right For You?

Is Starting Up An Online Business Worth The Risk?

The biggest factor that puts most people off starting up an online business is the risk. What if things go wrong? What if they lose money? And what happens if their online business fails?

If you’ve had these worries yourself, it’s important to know that there are things you can do to reduce the risk.

Smart Ways to Start an Online Business & Not Lose Your Shirt

Take it seriously: You should treat your online business as you would any other job and give it 100% effort. Too many people start up a business and fall at the first post because they fail to do this.

Don’t expect overnight success: Although some people do achieve great success within a relatively short time, they are usually the exception to the rule. Understand that starting up an online business is no different to starting any type of business – it takes time to grow.

Keep your day job: In the early days it is wise to keep your day job, unless you have at least six months of cash to live on. That way you’re not putting yourself under pressure to pay your personal expenses from your business in the early days.

Choose a business that interests you: It’s amazing how many people launch an online business that doesn’t interest or inspire them on any level, apart from its money making potential. It’s much easier to motivate yourself if you’re doing something you love.

Don’t bet the farm: Keep your start up expenses as low as possible. Don’t spend money on things that won’t help you to produce your product or service, or sell more of it.

Get rid of your debts: It’s a smart idea to reduce your personal debts as much as possible before starting up an online business. That way, when you do quit your job, you have fewer expenses to cover.

Is Starting Up An Online Business Right For You?

When you’re considering taking the leap, it’s easy to let fear get in the way and talk you out of starting up an online business. You might worry that you don’t have any business experience or, you don’t have the same potential as Mike Filsaime.

Starting a business isn’t for everyone but if you’re already considering it, it may be right for you. Everyone who started their first online business went into it at the same point as you. Experience and knowledge is something you gain as you go.

If you want to escape the rat race, you’re self motivated, willing to learn and you’re passionate about your chosen business what have you got to lose? Starting up an online business may be the best thing that ever happened to you but you won’t know unless you try.

 Wishing you  much Success!

 Tim McTaggart



  1. I think starting up an online business could be right for anybody. Having an online business is a way of earning some money. So what person would not want/like this?

  2. Starting up an online business is worth the risk. Especially if you like using internet and you are good at it. Nowadays people are spending so much time in front of the computer, so why not earning some money too?

  3. I would love having an online business. Many friends of mine have at least one and they love it. Moreover, they earn money doing what they like.

  4. In my opinion is not hard to start up an online business. If you find a subject you like, you will succeed. should really take the risk!

  5. These advices are very helpful. All those people who want to start a new business must follow them. Congratulations for this article, and keep going!